PROFESSIONAL EXPERIENCE

Shubhendu is a Director in the Risk and Compliance solution of Protiviti. He has over 20 years of experience in Financial Services industry and specializes in Anti Money Laundering (AML) and Sanctions. Prior to joining Protiviti, Shubhendu was a Director in PwC’s Financial Services, Risk and Regulatory practice. As a senior member of the PwC’s Financial Services Risk and Regulatory practice, Shubhendu has advised and assisted senior management and Boards on regulatory compliance. Shubhendu has successfully led several global engagements/teams, at large financial institutions to help comply with regulatory requirements. He has also worked at the Financial Market Integrity Group of the World Bank in DC and has significant experience in handling retail and commercial banking operations while working at the State Bank of India.

MAJOR PROJECTS

• Successfully led several large engagements at global financial institutions on various AML and Sanctions initiatives, recent engagements included:

  • Establishing global screening standards and enhance screening data mapping/lineage for a financial holding company

  • Establishing a global Know Your Customer (KYC) standard, by working with subject matter specialists in 23 jurisdictions, compliance and operations personnel from multiple business lines

  • Reviewing AML and Sanctions controls/processes of global financial institutions and implementation of risk based controls, for several business lines including banks, broker dealer and investment management

  • Leading several AML transaction reviews for global banks with teams located within and outside the US

  • Analysis and development of efficient and effective operating model for the Financial Crimes compliance

  • Developing and delivering training to over 200 employees of the Internal Audit department of a bank holding company.

• Led a large team of subject matter specialists, including professionals from another consulting company, to remediate the Trust accounts, for a US based bank, to comply with its fiduciary responsibilities.

• As a member of the World Bank (WB) AML team, provided guidance to World Bank member countries to establish Financial Intelligence Units in their respective countries and developed an e-learning program on AML for financial sector supervisors.

• Performed credit risk analysis of corporate borrowers and prepare proposals for project finance, working capital finance and syndicated loans; renewed credit limits of borrowers.