Monalisa Sahoo
Compliance Advisor @Laurentian Bank
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WORK HISTORY
Compliance Advisor @Laurentian Bank
CA
Regulatory Compliance Management (2nd Line of Defense)• Responsible for executing regulatory compliance testing engagements that are part of the annual plan and undertake issue validation work efforts.• Independently formulate outcome and/or design testing scripts, scenarios specific to the regulatory obligations under review to determine the effectiveness of the applicable Operations controls environment.• Interact professionally and effectively with various business lines to gather information such as procedures, control descriptions, workflows and other documentation which supports the operating effectiveness of the control environment.• Assess the adequacy and effectiveness of legislative requirements, policies, procedures, processes, internal controls and document the evidence relied upon to draw conclusions about the operating effectiveness of a controls environment.• Prepare comprehensive reporting of test conclusions by process/controls and/or mandatory compliance requirements, report findings, providing sensible recommendations, proposing areas for improvement, and presenting to business line and senior management.• Assure compliance of the business partners in the 1A- 1st Line of Defence in accordance with the various regulatory bodies\' policies and laws.• Participate in root cause analyses for risk tolerance breaches related to operational events and key risk indicators (KRI).• As a Verifier validate the Large Cash Transactions on a daily basis submitted by the Makers and submit it to FINTRAC. Also perform the monthly LCTR quality control checks through various report analysis.• Perform the comprehensive quality control checks for the data driven AMLTF tasks to ensure the branches perform the quality control checks while onboarding and maintaining the client profiles in various banking applications.
EDUCATION
Orissa University of Agriculture and Technology
Bachelor's degree in computer science, Computer Science
Vellore Institute of Technology
MBA Post Graduation, (Finance & Marketing)
SKILLS
ABOUT MONALISA SAHOO
Result oriented professional with nearly 13+ years of experience in Financial services-Regulatory Compliance Management, Governance Risk Compliance, KPI/KCI analysis, Issue Management, Recommend Procedure / control Improvement through independent testing and monitoring-Monitor Large Cash Transactions submitted to FINTRAC -Experience in handling overall Corporate Client on boarding,Money Laundering and Terrorist Financing, Risk Reporting, Financial Crime Compliance, Transaction Monitoring,Sanction screening,Suspecious activity report,CTR,CCR analysis,Operational Risk Management, Risk mitigation & portfolio risk management -Gained experience in implementing financial procedures & internal auditing, operational risk management -A keen communicator with excellent analytical,relationship management skills-Productive and efficient work habits without supervision.Highly self motivated with high levels of energy.
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