MEGHA Mallick

Surveillance (E-communication and Voice)

• Review flagged alerts from data loss perspective and ensuring compliance with FINRA Broker-dealer rules, SEC, global regulatory standards and internal bank policies.
• Quality assurance processes for team-generated reviews.
• Assist in developing and implementing a comprehensive surveillance program. Support ongoing efforts to enhance controls. Help create and execute policies based on emerging trends and regulatory guidance.
• Conduct comprehensive reviews of surveillance methodologies, focusing on policy refinement and lexicon updates to drive system advancements.

Global Transaction Monitoring and Screening

• Assisted in monitoring global transactions to identify potential risks. Supported screening processes to ensure compliance with regulations. Collaborated with teams to enhance transaction oversight.
• Identified and reported suspicious transaction patterns through thorough investigative analysis of complex financial transactions. Enhanced due diligence practices and streamlined the inquiry process for suspicious transaction reports.
• Supported development and maintenance of research databases for AML investigations and regulatory compliance.

Compliance Monitoring and Testing (CMT)

• CMT for branch offices in line with FINRA Broker-dealer rules

People Management & Process Development

• Coordinated discussions with stakeholders and senior management for effective risk escalation and resolution of urgent queries.
• Compiled and presented comprehensive KPI reports and compliance metrics to senior management.
• Collaborated with cross-regional Compliance teams including US, EMEA, and APAC to synchronize compliance strategies and share best practices, strengthening global control environments.
• Coordinated and managed the preparation and submission of regulatory filings, adhering to strict timelines.
• Coordinated activities to ensure thorough preparation for regulatory examinations and internal audit processes.
• Mentored junior executives, fostering professional development and enhancing team capabilities in decision-making processes.

Major accomplishment in this role

• Developed and implemented a center of excellence for e-communications surveillance to enhance compliance and risk management at bank level.
• Leveraged extensive knowledge in surveillance and technology development to successfully onboard six new lines of business.
• Collaborated with cross-functional teams to ensure successful integration of new surveillance tool into bank operations.

• Global Transaction Monitoring and Screening - Reviewing alerts flagged in system to conduct in-depth investigative analysis of financial transactions and due diligence of parties involved to identify patterns indicative of money laundering activities.
• Sending out enquiry for suspicious transaction report (STR) and identifying red flags
• Preparing escalation report for stakeholders and Financial Investigation Unit
• Developed and maintained comprehensive research databases to support AML investigations and regulatory compliance by maintain proper documentation and record keeping of review and investigation cases performed in accordance with standards set.
• Provide support to strengthen the transaction surveillance and investigation operating framework and procedures across the Group.

• Communication Surveillance - as per FINRA Rule 2210 Communication with the Public and Rule 3110 Supervision, along with corporate policies.
• Screening of Marketing Material like Private Fund, mutual fund, strategies etc. for adherence to FINRA rules and regulations.
• MIS Reports – responsible to maintain dashboard for senior management and stakeholders.