Pallavi Parkhi
Pune
Summary
Accomplished Senior Lead Professional with over 12 years of specialized experience in Anti-Money Laundering (AML) within banking and financial institutions. Proven leadership in managing large teams across multiple accounts, successfully directing a wide range of AML activities, including transaction monitoring, KYC reviews, risk assessment, and customer due diligence. Expertise in leveraging AI and machine learning tools to enhance transaction monitoring processes, reduce false positives, and improve risk detection capabilities. Skilled in data analysis and regulatory compliance, with a strong focus on developing automated solutions that streamline investigations and enhance the overall effectiveness of AML programs.
Overview
13
13
years of professional experience
Work History
Sr Business Solution Analysis Lead
Deloitte USI
01.2025 - Current
- Expert in handling global TM Coverage Risk Assessments & Red Flag Inventories
- A highly articulate and confident individual with experience of managing stakeholder relationships effectively
- Assist in the design, testing of data related to the implementation of new and existing AML systems and environments
- Successfully implemented AI BOT for OSDD (Due diligence) free searches enhancing productivity and search optimization by 80%.
- Monitoring daily transactions for a high-risk client portfolio, identifying and mitigating AML-related risks per month
- Develop and maintain a current knowledge of industry AML initiatives and best practices. Develop general awareness of AML regulatory changes affecting system development projects and assist AML LCOs and project teams for remaining compliant
- Detecting and reporting suspicious transactions, reducing potential money laundering incidents by using advanced AI Analytical software
- Self-motivated, with a strong sense of personal responsibility.
- Proven ability to learn quickly and adapt to new situations.
- Organized and detail-oriented with a strong work ethic.
Process Manager - US AML Transaction Monitoring
Eclerx Services Ltd
08.2023 - 12.2024
- Lead a US AML Transaction Monitoring team, specializing in a banking and financial service for a multinational American Corporation which offers a wide range of financial products and services
- Successfully led a Gen AI project, implementing new software (BOT) to create a Narrative Generator that boosted process efficiency by 70%.
- Integral to AML compliance, performed regulatory reporting to FIU-USA, by conducting thorough research on potential ML cases, utilizing due diligence, public domain searches, transaction analysis and KYC checks
- Proactively requested information from the front office through RFIs to ensure comprehensive reviews
- Demonstrated leadership as Subject Matter Expert (SME) training new team member in transaction monitoring during L1 and L2 optimization and proving critical support for meeting tight 60-day SLAs
- Overseeing the Reverse Name Screening team, ensuring accurate investigations by analyzing multiple database results and validating findings against available client information.
Client Onboarding Officer- Global KYC/ AML QC team
Credit Suisse
03.2021 - 07.2023
- Complete all periodic reviews in a timely manner through using appropriate tools & systems, where required, customers to obtain further information. Ensure customer data is updated as required confirming as per AML standards required
- Quality checking for High, Medium and Low risk cases submitted by the Analyst and analyzing the gaps and proving assistance for any missing information
- End to end KYC, checking Sanction screening, PEP Identification, Negative news escalation
Senior Associate Analyst- GB&M KYC Process Canada Region
Tech Mahindra
03.2019 - 03.2021
- Listed companies, Special Purpose Vehicle (SPV), Trusts, Managed Funds and Private customers, Individuals to analyze client relationships has been setup with the correct KYC requirements and any negative/fraudulent/unethical/hidden aspects has been identified
- Reviewing KYC due diligence checks (SDD and EDD) on customers including High Risk, Politically Exposed Persons (PEP)and sanctions screening for various jurisdictions through World Check, Factiva, Lexis Nexis, Duns and Bradstreet (D&B), KYC KR, Bankers Almanac and Fenergo. KYC profile refresh and investigation includes a detailed review of cases, scenarios and regulatory
Analyst- Global KYC
Wipro Private Limited
09.2018 - 03.2019
- Responsible for ensuring the required policies and procedures are followed for all processes in AML/KYC like New client on-boarding (KYC), Periodic Reviews (KYCs), Client name screening, Transaction filtering and monitoring, Sanctions, PEPs, Anti-bribery & Corruption etc
- Finding full ownership structure of an entity with ultimate beneficial owners and Directors. Performing due diligence for funds & entities
Associate Consultant- Forensic-Risk and Compliance Advisory Services
KPMG India
06.2013 - 07.2018
- KYC reports- which includes deep research and Validation. Information of the company like nature of business, Shareholders, Litigation, Adverse media search, Regulatory search, Credit rating search using sources like Moody’s, Fitch and other websites. For Indian database court checks sources using Supreme court and High court
- Encompassed of both preparing and reviewing of KPMG reports for a diverse clientele which includes leading global investment banks, manufacturing companies, pharmaceutical companies and retail giants
- Investigate customer information using a mix of, data providers, public information such as companies’ house, internet searches etc. and verbatim information to make a decision on the risk of a customer
- Assess the AML risk of a customer and update this in the systems and undertaking the necessary action that would have been completed at on-boarding, to bring the AML information up to date
Education
Bachelors Degree - Commerce
Pune University
01.2013
Skills
- Regulatory Reporting
- Financial Crime Compliance
- GEN AI Development
- KYC Annual Review
- Analytical skills
- Compliance Management
- Vendor Management
- Client Relationship Management
- Customer Due Diligence
- Financial Risk Management
- Suspicious Activity Reporting (SAR filing)
- Suspicious Transaction Reporting ( STR filing)
- Cash Transaction reporting (CTR filing)
- FATF / USA Patriot Act
- Political Exposed Person (PEP) Management
- Customer Screening
- Effective Communication skills
- Strong Inter Personal skills
- Leadership and Team management skills
- Efficient time management skills
- Financial Crime Specialist
- Sanction Screening
- PEP Identification
- Critical thinking
Accomplishments
- Led multiple teams of Client List Screening / Transaction Monitoring/ KYC in the Anti-Money Laundering (AML) domain.
- Maintained gross margins at approximately 65%, showcasing strong financial acumen and management skills.
- Spearheaded automation initiatives resulting in: Remarkable 25% reduction in turnaround time and 36% improvement in process efficiency, streamlining operations and enhancing productivity.
- Successfully led the transition of AML processes, achieving: Stabilization of the new business within a remarkably short span of 6 months, demonstrating effective change management capabilities.
- Prioritized quality assurance practices and adherence to key performance indicators (KPIs) within established timelines, ensuring consistent performance excellence.
- Played a pivotal role in scaling programs from inception to business-as-usual (BAU) operations, highlighting adaptability and strategic planning abilities to integrate new initiatives seamlessly into ongoing operations.
Timeline
Sr Business Solution Analysis Lead
Deloitte USI
01.2025 - Current
Process Manager - US AML Transaction Monitoring
Eclerx Services Ltd
08.2023 - 12.2024
Client Onboarding Officer- Global KYC/ AML QC team
Credit Suisse
03.2021 - 07.2023
Senior Associate Analyst- GB&M KYC Process Canada Region
Tech Mahindra
03.2019 - 03.2021
Analyst- Global KYC
Wipro Private Limited
09.2018 - 03.2019
Associate Consultant- Forensic-Risk and Compliance Advisory Services
KPMG India
06.2013 - 07.2018
Bachelors Degree - Commerce
Pune University