Vartika Sharma
Mumbai
Summary
Performance-driven individual with 15+ years of banking experience, mostly in AML, KYC & Compliance space. Experienced in working on some of the key-industry initiatives through collaboration with business, compliance, tech and vendors.
Overview
16
16
years of professional experience
Work History
Vice President, KYC Refresh
Morgan Stanley
06.2022 - Current
- Lead the KYC Refresh Subject Matter Expertise (SME) & Client Outreach Teams
- Designed the SME team framework, for a new KYC Refresh set-up
- Led the drafting and roll-out of exhaustive Refresh Procedures and workflows, through collaboration with compliance and business
- Set the governance around regular procedure updation and release
- Created efficient query resolution framework and escalation protocol
- Created the procedures and governance around Control Reports. Currently, working on the automation of this report so the false breaks are filtered out and only true breaks reflect on the report
- Successfully reduced dependency of the Outreach team on business support teams, for client and sales contacts, through utilization of internal portals. This has reduced handoffs and overall TAT by 2 days
- Introduced control measures in the Client Outreach team to avoid mis-directs
- Leading the initiative to reduce client outreach requirements for Refresh. Have identified opportunities that could result in ~30% reduction in Outreach. Currently, work in progress with Compliance
- Engaged in some other key projects such as - alignment of Refresh Cycles across different regions and NAICS alignment across Ref Data & KYC team
Assistant Vice President, AML Client Onboarding
Bank of America
08.2018 - 06.2022
- Head of AML Client Onboarding division for Indian Markets and Banking businesses
- Core activities: AML reviews for client onboarding, refresh and relationship expansion
- Led the implementation of CKYC (Centralized KYC) Regulation in the bank
- Regular liaison with regulator, business, clients and compliance
- Successfully migrated AML/CDD division of Investment Banking business to India from offshore, generating a cost save of 50%
- Multiple awards for consistently achieving KPIs and leading several regional projects
- Successfully led the team for ~4 years with ZERO compliance issues or audit/regulatory findings
Director (AVP)
Morgan Stanley
01.2015 - 07.2018
- Led the teams performing KYC EDD for US Banking and Institutional Securities businesses
- Core activities: negative news and sanctions reviews on the clients
- Responsible for supervisory quality checks of the team
- Trained Lean Change Agent: assisted the teams within AML department to identify waste & build efficiencies; 20% FTE save
Operations Analyst, AML Operations
JP Morgan
03.2011 - 12.2014
- KYC renewals/remediations for UK/US clients
- Management Reporting: pipeline & client risk ranking change reports
- KYC Violations reporting to Risk & Controls Team
- KYC Breaches report for business to stop trading activities
- Led the automation of reporting process; time-save: 8hrs to 1hr
Officer, AML Compliance & Advisory
ICICI Bank Limited
02.2008 - 03.2011
- Transaction monitoring & reporting to the Compliance
- Consolidated Statements of Holdings for Private Banking clients
- Led the automation of generating monthly statements of HNI clients; time-save: 20 days to 2 days
Education
Executive Program for Young Professionals -
IIM Calcutta
08.2012
Post Graduate Diploma in Banking Operations -
Institute of Finance, Banking & Insurance
07.2008
Bachelor of Commerce -
BSA College
07.2007
Skills
- Leadership
- Communication
- Collaboration
- Project Management
Timeline
Vice President, KYC Refresh
Morgan Stanley
06.2022 - Current
Assistant Vice President, AML Client Onboarding
Bank of America
08.2018 - 06.2022
Director (AVP)
Morgan Stanley
01.2015 - 07.2018
Operations Analyst, AML Operations
JP Morgan
03.2011 - 12.2014
Officer, AML Compliance & Advisory
ICICI Bank Limited
02.2008 - 03.2011
Executive Program for Young Professionals -
IIM Calcutta
Post Graduate Diploma in Banking Operations -
Institute of Finance, Banking & Insurance
Bachelor of Commerce -
BSA College
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