Ms.Umadarshini Gnanapupathi
AVP, AML/CFT Compliance Officer
Damansara
Summary
With established working credibility across Financial Institution's in General Reinsurance, Banking, Capital Markets, General Insurance, and Money Services Businesses, I have successfully navigated complex challenges involving operational teams, internal and external audits, and regulatory engagements. I am committed to providing skilled, diligent, and effective AML/CFT/CPF and TFS compliance support to drive organizational success and ensure strict regulatory adherence.
Overview
12
12
years of professional experience
Work History
AVP, AML/CFT/CPF and TFS Compliance Officer
Malaysian Reinsurance Berhad
02.2021 - Current
- Analyzed international client data ageing report to identify areas of improvement, implementing AMLCFT internal controls, that resulted in greater operational efficiency.
- Reviewing Client’s KYC Application Form, performing AML/TFS /CPF sanction screening, and approve Customer Due Diligence or Enhanced Due Diligence Form prior to onboard, and during renewal and pay-out stages.
- Examine and ensure client’s screening identification on Beneficial Owner / Ultimate Beneficial Owner performed by Operation Team are matched against client UNSC Sanction Database.
- Conducting relevant due diligence process take place which includes of screening, reviewing, analyzing of the customer profile/transactions in preventing of AMLCFT prior to release the pay-out order.
- Investigate client’s account activities if triggers any suspicious, to identify any unusual patterns, and determine whether a Suspicious Transaction Report should be filed.
- Identify the key elements of alert review and strengthen the parameters in transaction monitoring system.
- Collaborate with IT Team, to enhance the production database by added AML Key fields as client Risk Scoring (Low, Medium or High), date of screening and the validity of the screening and the identification Beneficial Owner or Ultimate Beneficial Owners.
AML/CFT/CPF and TFS Compliance Officer
MPay Services Berhad
05.2019 - 01.2021
- Stay abreast with BNM publish Policy Documents, Exposure Draft, Surveys and Reporting requirements, which include in enhancing and implementing into policies, procedures, and internal workflow best practices.
- Ensuring and updating sanctions list on daily manual basis (Australia Sanction, BNM Fraud Alert, MOHA, OFAC, FATF, UNSC, UNSC Al-Qaida Sanction and European Union List) and upload in internal watch list database.
- Reviewing e-money customer2F NF KYC application prior onboarding process, to assess potential matches on name screening.
- Assisted with internal and external audits to confirm compliance with applicable laws and regulations.
- Developed comprehensive training programs to increase employee awareness of compliance requirements and expectations.
- Managed relationships with regulators, maintaining open lines of communication to ensure transparent operations.
- Evaluated new regulations for potential impact on business operations, taking proactive measures to ensure readiness for implementation.
Senior Compliance Executive
Pacific & Orient Insurance Berhad
02.2018 - 04.2019
- Checked and keep abreast with new rules and regulations issued by Regulators
- Disseminated latest information / circulars through Kijangnet BNM Portal (Notification, Policy document, Exposure Draft) to related department
- Carried out Compliance Assessment on Department, Branches and Business Centre against Company Standard Operating Procedures (SOP’s), internal checklist and regulator guideline including Bank Negara Malaysia (BNM) and Persatuan Insurance Am Malaysia (PIAM)
- Adept at developing and maintaining detailed procedural processes that reduce redundancy, improve accuracy and efficiency, and achieve organizational objectives
- Analyzed, reviewed and compiled gap analysis from relevant Business Departments
- Assisted to develop Compliance Manual and created checklist as KYC form to meet regulatory requirements
- Assisted to align and maintained regulatory requirement and Company Policies and Procedures
- Screened on-boarding application form and conducted sample checks as part of Compliance review program to gain assurances over the effectiveness of controls
- Assisted in maintain and updated the Company Policies & Procedures
- Drafted reports and presentations to be tabled to Board
- Kept a proper maintenance of department record
Audit and Risk Management Executive
Habib Jewels Sdn Bhd
08.2017 - 02.2018
- Performed internal audit cycle including risk management over operations' effectiveness and compliance with all applicable directives and standard operating procedures
- Assessed nationwide Habib’s showroom all possible potential risks that may hinder the reputation, safety, and security of the organisation
- Conducted showroom risk identification and issued non-compliance matter to related department units to strengthen internal controls
- Performed follow-up audits to ensure management and agreed to actions have been implemented
- Frequently carried out stock count based on total item code to ensure stock count are in control and to avoid any discrepancies in term number of items
- Travelled on monthly basis to carry out audit check on nationwide showroom
Compliance Executive
PM Securities Sdn Bhd
03.2016 - 08.2017
- Assisted Head of Compliance (HOC) to ensure business operational activities are adhered to Securities Commission and Bursa Malaysia Directives and Guidelines as well as internal policies and procedures
- Reviewed and checked clients’ trading onboarding application form prior to approval accordingly
- Ensure client accounts are reviewed regularly to enable any detection of unusual trading patterns
- Closely check and detect if there is any possible of market surveillance conduct as short selling, false trading, rollover on and other prohibited misconduct
- Checked on daily basis E-rapid portal for Unusual Market Activity and disseminated latest circulars to Head of Compliance and Head of Operation
- Check and monitor Dealer Representatives (DR’S) and clients’ misconduct market activities via Financial Risk Advisor (FRA)surveillance system and Large Payment Review report
- Conducted branch visits on monthly basis to carry out monthly Compliance Assessment Report as requested by regulator
Merchant Officer
United Overseas Bank Berhad (UOB)
01.2014 - 03.2016
- Assisted Assistant Vice President (AVP) to ensure accurate merchant onboarding application process been process through
- Carried out daily activity to check and eye-detailed on every merchant onboarding applications and monitor transaction to identify and verify if any fraud related on merchant as whole such as changes is RAMCI Check, WORLD Check, PASSPORT, Bank Statement, Utilities Bills, documentations of permutation names and other supporting documents
- Created and updated listing on reasoning category code to justify in what reason such client or merchant falls under AML issues on monthly basis
- Evaluated and compile audit checks to ensure all documentation is complete and perform audit submission in a timely manner
- Monitored and performed Ongoing Due Diligence on any suspicious and non – compliance transactions performed by new clients
- Frequently enhanced versions of templates to keep adhered to Bank Negara Malaysia (BNM) requirements on CDD and process to determine beneficial owners
Internal Audit
Easy by RHB
05.2013 - 01.2014
- Performed sales audit fieldwork and documented potential audit exceptions notes during audit fieldwork (for review by the VP Internal Audit and Internal Audit Supervisor
- Performed on approval operation audits, which include customers supporting documents to verify the approval of the loans in immediate basis
- Created audit checklist and determine scope of the reviews with the VP of IA or the IA Supervisor
- Perform audit on rotational basis for every branch outlet and follow-up audit on every 3months
External Internal Audit Trainee
Grant Thornton
10.2012 - 03.2013
- Worked with various industries clients (Construction Field, Education, team on complete full set of audit program
- Sighted and verified all the requested documents, invoices, cash receipts and supporting documents to ensure the documents are tally with the account statements
- Assisted in performing stock take and reconcile with amounts in the statements
- Travelled nationwide with team to complete assigned audit assignments
Education
Diploma in Anti Money Laundering - Financial Crime Compliance, Anti-Money Laundering
International Compliance Association (ICA)
AICB, Kuala Lumpur 04.2001 -
Certified Anti-Money Laundering and Counter Financing of Terrorism Compliance Officer (CAMCO) - Certified Anti Money Laundering Officer
AICB
Kuala Lumpur, Malaysia 01.2020 - 01.2021
Master’s - Business Finance and Industrial Management
Asean e-University (Aeu)
Bachelor - Accounting Hons
University Tenaga Nasional (UNITEN)
Kampus Muadzam Shah, PahangFoundation - undefined
Foundation in Accounting
SPM - undefined
SMK HILLCREST
Skills
Gained knowledge and methodology of AML/CFT regulations, guidelines, and industry best practices, with expertise in local and international frameworks, including BNM regulations and FATF recommendation
Simplify AML/CFT technical requirements to align with BNM policy documents to Head of Compliance
Enhance AML/CFT screening system capabilities through vendor support
Conduct in-house AML/CFT Training to cultivate Compliance culture
Develop AML/CFT Compliance Digital Dashboard based on the client's latest screening results
Timeline
AVP, AML/CFT/CPF and TFS Compliance Officer
Malaysian Reinsurance Berhad
02.2021 - Current
Certified Anti-Money Laundering and Counter Financing of Terrorism Compliance Officer (CAMCO) - Certified Anti Money Laundering Officer
AICB
01.2020 - 01.2021
AML/CFT/CPF and TFS Compliance Officer
MPay Services Berhad
05.2019 - 01.2021
Senior Compliance Executive
Pacific & Orient Insurance Berhad
02.2018 - 04.2019
Audit and Risk Management Executive
Habib Jewels Sdn Bhd
08.2017 - 02.2018
Compliance Executive
PM Securities Sdn Bhd
03.2016 - 08.2017
Merchant Officer
United Overseas Bank Berhad (UOB)
01.2014 - 03.2016
Internal Audit
Easy by RHB
05.2013 - 01.2014
External Internal Audit Trainee
Grant Thornton
10.2012 - 03.2013
Diploma in Anti Money Laundering - Financial Crime Compliance, Anti-Money Laundering
International Compliance Association (ICA)
04.2001 -
Master’s - Business Finance and Industrial Management
Asean e-University (Aeu)
Bachelor - Accounting Hons
University Tenaga Nasional (UNITEN)
Foundation - undefined
Foundation in Accounting
SPM - undefined
SMK HILLCREST