Highlights:Srinidhi Magal is a Vice President, Risk and Compliance Operations at Swiss Re. He has a career of over 16 years of experience assisting clients and managing teams across multiple industries related to BSA and Regulatory Compliance, Risk Assessments, Financial Crime Compliance, Look-Back reviews, Control testing, Audit support, Regulatory review and Anti-Money Laundering (AML). Srinidhi has coached and led teams ranging from 4 individuals to 500+ professionals across the globe. He has helped entities become compliant with AML regulations, ultimately mitigating risk and reducing the potential of regulatory fines. Srinidhi also has extensive experience with clients in matters pertaining to Know Your Customer (KYC), Business As Usual (BAU), Enhanced Due Diligence (EDD), Customer Due Diligence (CDD), Sanctions Screening, Suspicious Activity Report (SAR) drafting and Compliance, Fraud Investigations (such as time and expense fraud, asset misappropriation, employee misconduct and business fraud), Risk Assessments including Compliance and regulatory reviews.

Skills:Anti Money Laundering, AML, Know Your Customer, KYC, Financial Crime Compliance, FinCrime, Combating the Financing of Terrorism, Combating the Financing of Terrorism (CFT), Operations Management & Service Delivery, Sanction Screening Processes, AML Audit and Assurance, Due Diligence Practices, Compliance Operations

Goal:Specializing in risk and compliance operations with expertise in AML/KYC operations, large-scale transformation projects, KYC remediation, policies & training, risk assessments, suspicious activity reporting, process redesign and financial crime compliance operations. Seeking challenging opportunities to drive effective AML/ KYC processes and operational excellence.

Vice President Risk and Compliance Operations 02/2023 - 07/2024
Swiss Re, Bengaluru, Karnataka India
Industry: BFSI
Led the AML and ITC Practice for corporate clients.
Administered end-to-end compliance with anti-money laundering, Know Your Customer, ITC and sanction screening regulations for corporate clients within the Corporate Solutions division. Developed and executed strategic plans to advance AML and ITC practices in alignment with organizational objectives. Ensured full compliance with regulations and guidelines, staying updated with regulatory changes and implemented necessary policies and procedures. Designed and delivered comprehensive compliance training programs, fostering a culture of compliance and awareness across the organization. Leveraged advanced technologies and innovative solutions to enhance AML and ITC capabilities, driving efficiencies and improving outcomes. Led successful transitions of processes, ensuring seamless integration of new procedures, technologies, and personnel while minimizing disruption to operations. Implemented robust vendor management processes, including selection, evaluation, and oversight of third-party vendors providing AML and ITC services or solutions, ensuring compliance with contractual obligations and quality standards. Cultivating strong relationships with key stakeholders, facilitating collaboration and effective communication to address AML and ITC challenges.--
Associate Consultant - Risk and Compliance 02/2022 - 02/2023
Tata Consultancy Services (TCS), Bengaluru, Karnataka India
Industry: BFSI
Led the Financial Crime Transformation Program for the UK bank.
Led the Financial Crime Transformation Program for the UK bank, ensuring timely delivery and effective team coordination. Developed and implemented tailored solutions for Screening, Risk Rating, Transaction Monitoring, and Alert Management systems to meet UK banking sector requirements. Identified and mitigated potential vulnerabilities in financial crime detection processes to enhance the bank's risk management capabilities. Ensured compliance with AML regulations and KYC guidelines, staying updated on regulatory changes and incorporating necessary modifications. Built strong relationships with key stakeholders, facilitating communication and collaboration throughout the project.--
Senior Manager - Financial Crime Compliance 07/2008 - 01/2022
Ernst & Young, Bengaluru, Karnataka India
Industry: BFSI
I have worked with EY for over a decade, serving large multinational banks on diverse financial crime projects and managed end-to-end operations including capacity planning , stakeholder management, team & delivery management.
Established and co-led a team of approximately 500 personnel for a large-scale Know Your Customer (KYC) remediation project, overseeing recruitment, training, and performance management. Managed the operational aspects of offshore transition, ensuring smooth execution and coordination with internal and external stakeholders. Successfully delivered various KYC/AML and Transaction Monitoring projects, meeting client deliverables and targets while ensuring compliance with regulatory requirements. Conducted due diligence reviews on individual and business accounts, updating KYC profiles to comply with regulatory standards. Developed and implemented Management Information System (MIS) reporting to senior management, facilitating timely decision-making and ensuring adherence to client timelines. Implemented process improvements, including the introduction of a BOT to reduce KYC case processing time by up to 30%, and developed trackers for enhanced operational efficiency.--

Bangalore University 06/2005 - 06/2008
Bengaluru, Karnataka, India
Degree: Bachelor's Degree
Major:Accounting
Completed the graduation in first class.

Srinidhi Magal_AML-KYC_Ops AML, KYC, Financial Crime, Know Your Customer (KYC) Operations, Anti-Money Laundering (AML) Compliance, Combating the Financing of Terrorism (CFT), Operations Management & Service Delivery, Financial Crime Compliance, Sanction Screening Processes, AML Audit and Assurance, Control Testing, Due Diligence Practices, AML Audit and Assurance