Saugandha Basu

WORK HISTORY

EDUCATION

ABOUT SAUGANDHA BASU

Lead process enhancement projects to ensure initiatives align with long-term Economic Sanctions Strategy. Create SLA and economic sanctions best practice guides to assist and provide guidance for all lines of business across the enterprise that conduct economic sanctions review.Enterprise Wide Sanctions Risk Management. Conducts testing on the accuracy and timeliness of sanctions reviews, validate the scanned elements within the scanning filters to ensure LOBs are in compliant with the Economic Sanctions Program and Policy. Reviews procedures, monitor risk metrics and reports of LOBs to ensure proper operations and governance processes are in place. Provides additional training to centralized review teams based on analysis. Engages in filter migration projects for relationship and transactional scanning to consolidate the reviews of potential alerts, and migrate to the target solutions. Perform UAT for systems integration/improvement. Perform economic sanctions screening to protect the institutional business and mitigate firm\'s regulatory risk. Liaison support for AML & Economic Sanctions investigations globally. Conduct operational reviews, create and enhance procedures to meet compliance standards and regulatory examinations. Assists in ongoing audit reviews and regulatory examinations. Provide guidance to all LOBs within Bank of America/Merrill Lynch\'s global office on OFAC/Sanctions related matters. Specialties:OFAC/Sanctions and AML regulatory compliance, KYC, SAR, UAT, project management, business analysis, team management, quality assurance, monitoring and testing, procedure development, Service Level Agreement, scanning requirements, sanctions reviews, filter migration, system consolidation, rule packaging, FircoSoft, Actimize, Consumer and Small Business Banking, develop marketing plans, sales and operational management, fluent in 3 languages - English, Hindi and French. Received Global Recognition Silver Award from Bank of America.