EVP - Head AML, ABC & RegTech
With c.21 years overall experience including 16 years in the Financial Crime arena, Nishanth leads the AML, ABC and Compliance Technology function in Group Compliance at Mashreq Bank, a leading regional Bank in the Middle East with international presence including US, UK and HK. Nish represents Mashreq as a Member of the UAE Public Private Partnership Committee, was the Project Lead for Trade-Based Financial Crime in ME project commissioned by the MENA Chapter of GCFFC. He was also recently appointed as Chair of the Digital Financial Crime Capabilities Working Group under the UAE PPPC. Prior to his current role, Nish led the buildout of a sustainable capability and risk stewardship of the TM framework at HSBC globally, after leading a regional team covering AML Policy, Governance, Projects and Investigations in the MENA region. Passionate about the role of technology in the Financial Crime space, Nish has led teams or provided input to the design of controls utilising Machine Learning based models fully observing sustainable model risk standards, working closely with some of the leading FinTech companies globally. Before HSBC, Nish led regional teams performing surveillance operations covering 24 countries in Middle East, Pakistan and Africa at Standard Chartered Bank. During this period, he developed SCB’s first-ever Financial Crime Analytics capabilities globally as part of the FCR Mitigation Programme. Overall, his experience spans AML, Sanctions, Governance, Surveillance operations, Regulatory relationship (including US, UK, Middle East and Monitors), strategy setting, control framework definition, technology, people, project and cost centre management / oversight.
Expanding role of banks to address a new and emerging challenges in relation to Financial Crime