Pragati Premanand Naik
Luxembourg,LU
Overview
9
9
years of professional experience
6
6
years of post-secondary education
2
2
Languages
Work History
Assistant Manager - Operational AML & Compliance Services
ARENDT INVESTOR SERVICES S. A
Luxembourg
01.2024 - Current
- Lead a team of 6 professionals who support departmental RCs on compliance matters, risk assessments, and regulatory obligations in daily AML/CFT operations and strategic compliance initiatives.
- Oversee and implement process automation across the AML/CFT function to improve efficiency and accuracy.
- Monitor and analyze regulatory developments in the fund industry, providing updates and impact analysis to the team.
- Act as back-up for core AML/CFT tasks within the Compliance function, including transaction monitoring and client reviews.
- Contribute to the enhancement of AML/CFT frameworks, ensuring alignment with CSSF and regulatory expectations.
- Supervised day-to-day operations to meet performance, quality and service expectations.
- Mentored junior staff members in their professional development by offering guidance/support in their assigned roles.
Senior Officer – Operational AML & Compliance Services
ARENDT INVESTOR SERVICES S. A
01.2024 - 12.2024
- Acted as AML/CFT Compliance Officer (“RC”) for funds and investment fund managers, ensuring full adherence to Luxembourg regulatory obligations.
- Implemented and maintained a robust AML/CFT framework, including policy updates, risk appetite statements, and risk-based approach and assessment reviews.
- Prepared and submitted key regulatory reports (e.g., Questionnaire on Financial Crime, RAIF AML/CFT Questionnaire, SRRC, and external AML reports) with accuracy and within deadlines.
- Oversaw outsourced AML/CFT service providers through ongoing KPI tracking, due diligence, procedural reviews, onsite visits, and sample testing.
- Designed and implemented a digital AML/CFT compliance monitoring plan and centralized data management solution, streamlining processes and improving data accuracy.
Junior Officer – Operational AML & Compliance Services
ARENDT INVESTOR SERVICES S. A
01.2023 - 12.2023
Intern - Operational AML & Compliance Services
ARENDT INVESTOR SERVICES S. A
09.2022 - 12.2022
- Supported the onboarding of RC mandates by collecting KYC documentation, conducting detailed risk assessments, and presenting client profiles to the Client Acceptance Committee.
- Identified and analyzed true positive AML alerts, prepared detailed reports, and assisted in investigations to mitigate potential financial crime risks.
- Collected and analyzed Key Performance Indicators (KPIs) from service providers, enabling effective oversight and operational improvements.
- Drafted and contributed to quarterly and annual AML/CFT compliance reports, ensuring timely and accurate submissions to internal and external stakeholders.
- Worked alongside Subject Matter Experts (SMEs) to enhance AML/CFT policies and procedures, ensuring alignment with regulatory changes and effective implementation.
- Assisted senior team members with compliance workflows, reporting obligations, and process improvement initiatives, gaining hands-on experience in AML/KYC operations.
AML Compliance Officer
DEUTSCHE BANK GROUP
09.2018 - 09.2020
- Conducted periodic reviews and onboarding due diligence under the company’s KYC /AML policies on EDD clients.
- Performed ad hoc reviews to in case of an event such as PEP/Negative news searches and fraud investigations.
- Collaborated with global compliance teams to enhance the due diligence process and handle AML/KYC queries.
- Undertook risk-based compliance assessment to identify and manage operational risks.
- Designed and implemented AML Compliance Risk Management (ACRM) standards and policies.
- Analyzed the KYC/AML risk tolerance and risk assessment of high-risk clients.
- Assisted with regular compliance communication regarding economic sanctions, policies, and regulatory changes via presentations to colleagues and senior management.
AML Analyst
AXIS BANK LTD
02.2016 - 09.2018
- Reviewed and verified client onboarding following the APAC and EMEA framework and regulatory obligations.
- Analyzed negative/ adverse media news, PEP alerts and sanctions violation-related escalations.
- Monitored and documented unusual activity or red flags (AML flags) and assisted in filing reports.
- Ensured to report potential fraud alerts and transactions to the competent authorities.
- Maintained a working knowledge of MIFID II regulations, AML/CFT controls, OFAC procedures and regulatory requirements.
- Performed critical assessment of the internal processes and suggested improvement of existing documentation.
- Actively monitored any changes in laws and regulations impacting the day-to-day activities.
- Performed screening on AML watch list, World-Check and verified with global sanctions and reputational risk screening.
Education
Certified Anti-Money Laundering specialist -
ACAMS
01.2024 - 12.2024
Master of Science - Corporate Financial Management
SKEMA Business School
France 01.2021 - 05.2022
Bachelor’s degree - computer science and engineering
KLE Institute of Engineering And Technology
India 09.2011 - 06.2015
Skills
GoAML
LexisNexis
AMLspotter
fircosoft
undefinedTimeline
Certified Anti-Money Laundering specialist -
ACAMS
01.2024 - 12.2024
Assistant Manager - Operational AML & Compliance Services
ARENDT INVESTOR SERVICES S. A
01.2024 - Current
Senior Officer – Operational AML & Compliance Services
ARENDT INVESTOR SERVICES S. A
01.2024 - 12.2024
Junior Officer – Operational AML & Compliance Services
ARENDT INVESTOR SERVICES S. A
01.2023 - 12.2023
Intern - Operational AML & Compliance Services
ARENDT INVESTOR SERVICES S. A
09.2022 - 12.2022
Master of Science - Corporate Financial Management
SKEMA Business School
01.2021 - 05.2022
AML Compliance Officer
DEUTSCHE BANK GROUP
09.2018 - 09.2020
AML Analyst
AXIS BANK LTD
02.2016 - 09.2018
Bachelor’s degree - computer science and engineering
KLE Institute of Engineering And Technology
09.2011 - 06.2015
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