COMPLIMENTARY CEFPRO® WEBINAR
Global collaborative efforts for mitigating financial crime – Identifying key challenges and developing comprehensive solutions
Took place on 21st January @ 3pm (GMT)
Key Agenda topics to be addressed include:
Identifying key challenges
Cost of non-compliance (reputational damage)
Insider awareness (training)
Increasing sophistication of fraudsters
Accountability (3 layers of defence)
Developing comprehensive solutions
Developing a compliance environment
Enhancing collaborative efforts toward prevention/awareness
Managing reputational risks
Use of technology / technological tools, including AI
Head of Legal & CCO,
Bank of China International
Sabeena serves as Chief Legal Officer and Chief Compliance Officer to the investment banking division of Bank of China International – BOC International (USA) Holdings Inc. and its two subsidiaries, BOCI Commodities & Futures (USA) LLC, a registered futures commission merchant and CME Group Inc. clearing member, and BOC International (USA) Inc., a registered broker-dealer and member of FINRA (collectively, “BOCI”). Prior to joining BOCI, Sabeena served as a Futures & Derivatives Counsel and Compliance Advisor to E*TRADE Financial Corp., including E*TRADE Clearing Corp. and E*TRADE Securities Corp.; and General Counsel and Chief Compliance Officer to Alpari (US), LLC, a CFTC-registered futures commission merchant and retail foreign exchange dealer and member of the NFA, and its affiliate broker-dealer, Alpari Securities LLC. Her previous professional work includes the Office of General Counsel at Merrill Lynch Pierce Fenner & Smith Incorporated, the Division of Enforcement at the Financial Industry Regulatory Authority, the Bank of New York Mellon’s Legal Division and the Securities Fraud Prosecution division of the Attorney General’s Office for the State of New Jersey.
Sabeena is an active member of the American Bar Association, the New York State Bar Association and the New Jersey State Bar Association. She holds a Bachelor of Arts in Criminology and Political Science from the University of Toronto, a Master of Arts in International Relations from Columbia University and a Juris Doctor from the St. John’s University School of Law. She also serves as Chair to the New York County Lawyers Association’s Futures & Derivatives Committee.
Director, Chief Compliance Officer,
Global Head of Fraud Risk Oversight,
Vinaya is the Global Head of Fraud Risk Oversight for the Institutional Client business at Citi. She is responsible for assessing the current strategy and execution of the Fraud Risk Management discipline across the businesses globally; and agreeing the necessary actions with the 1st line partners to ensure adherence to the policy and framework. Her team works closely with risk colleagues in the regional and business risk teams and other key stakeholders in Corporate Security & Investigative Services, and Information / Cyber Security in maintaining a robust management of fraud risk through policy compliance, improvements in technical infrastructure and operational excellence.
Prior to this role, she was the Operational Risk Management for Citi South Asia, working closely with business and functional heads in proactively managing operational risk and further strengthening the internal controls of our franchise. Vinaya was also responsible for establishing and leading ORM oversight across Asia Regional Enterprise Operations & Technology.
Vinaya has more than 22 years’ experience in banking. Before her current role in Operational Risk, Vinaya was the ICG Asia Regional Head for Customer Acquisition Due Diligence (CADD) Business Support Unit. In this role, she led a team responsible for supporting bankers in Asia and Japan to fulfill KYC requirements, ensuring full compliance with high quality. Prior to this assignment, she was based in London, driving governance for Global TTS Operations. In this role, she implemented minimum operating standards for 7000+ staff carrying out TTS Operations across 90+ countries to reduce risk and prevent losses.
Vinaya has also worked in Internal Audit (IA), where she led end-to-end reviews of Citi businesses in various countries across the CEEMEA region. She was also part of the EMEA Corporate Finance & Credit team within IA, where she led and participated in strategic reviews on credit risk reporting, credit documentation and loan loss reserve. Prior to IA, Vinaya was part of the Risk Management function for Citi South Asia, heading the Credit Risk Management Services team.
She holds an MBA from IIM, Ahmedabad, and a Bachelor’s degree from SNDT University, Mumbai. Vinaya was a member of the India Diversity Council and was the co-sponsor of the first Citi Women’s network in Asia. She has been mentoring young professionals, both in and outside Citi. She also has an active interest in community building initiatives and was a mentor to Swadhaar and Katalyst, two not-for-profit organizations that receive financial support from Citi Foundation in India. Since her move to UK in mid-2017, she is a mentor with the Citi London Pride Network, and helping raise funds for Haven House, Citi UK’s charity of the year for 2017.
Lead Market Consulting Partner – Fraud,
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