Chanchal Karfa

Detail-oriented Compliance Professional with over 6 years of experience in ethics, independence assurance, and AML investigations within Big 4 firms. Proven ability to conduct thorough regulatory compliance reviews, research financial instruments, and manage client relationships. Expertise includes transaction monitoring, KYC/CDD/EDD, sanctions screening, and developing Alteryx workflows to enhance efficiency.

Consistently maintained over 99% accuracy and skilled in risk assessment and mitigation. Seeking to leverage extensive compliance knowledge and analytical skills to contribute to KPMG's success.

Associate 2 – Independence & Compliance - KPMG - Bengaluru, India

(2025-06)

• Execute independence testing and operational compliance activities in accordance with regulatory requirements, firm policies, and professional standards.
• Advise engagement teams and professionals on the interpretation and application of independence regulations and compliance frameworks.
• Conduct detailed compliance reviews, document findings, and maintain audit trails for regulatory reporting and compliance conclusions.
• Perform research and analytical assessments to evaluate compliance matters and support rule-based decision-making.
• Review team deliverables through quality assurance assessments to ensure accuracy, consistency, efficiency, and timely completion.
• Identify, assess, and escalate operational risks, compliance concerns, and process gaps to management for mitigation and resolution.
• Conduct root cause analysis on quality review observations and implement controls to enhance process effectiveness.
• Facilitate training on independence policies, compliance procedures, and regulatory expectations to develop team capabilities.
• Collaborate with global stakeholders and cross-functional teams, maintaining high standards of professionalism and client service.
• Contribute to knowledge management initiatives and continuous process improvement within the Global Delivery Center (GDC).
• Develop periodic compliance dashboards using Microsoft Excel to monitor key independence metrics, identify trends, and support risk management.
• Led the implementation of a structured document retention protocol to improve audit readiness, strengthen documentation governance, and ensure regulatory compliance.
• Conduct independence and compliance reviews to ensure adherence to regulatory requirements and firm policies.
• Monitor conflicts of interest and other ethical considerations within the organization.
• Serve as a subject matter expert on independence and compliance matters.
• Collaborate with internal stakeholders to address independence and compliance issues.
• Conduct risk assessments and audits to identify potential areas of noncompliance.
• Investigate end-to-end transactions to detect suspicious activities, including money laundering and terrorist financing.
• Executed Anti-Money Laundering (AML) investigations, Know Your Customer (KYC)/Customer Due Diligence (CDD)/Enhanced Due Diligence (EDD) reviews, sanctions screening, Politically Exposed Persons (PEP) checks, and adverse media assessments.
• Performed monitoring checks on customer transactions and account activity to identify potential financial crime risks.
• Reviewed transaction monitoring alerts and investigated over 100 monthly cases for global banking clients.
• Analyzed customer transactional behavior to identify suspicious activity and recommend escalation decisions.

Associate 2 – Ethics & Compliance / Independence Assurance - PwC - Bengaluru, India

(2022-10 - 2025-05)

• Conducted comprehensive research and analysis of financial instruments, including securities, bonds, CDs, equities, structured products, and 529 plans, to verify compliance with firm independence policies.
• Reviewed investment portfolios of firm personnel to ensure adherence to independence regulations and compliance standards.
• Analyzed prospectuses, fund factsheets, and plan documents in accordance with AICPA and SEC regulatory guidelines.
• Utilized Bloomberg Terminal, Capital IQ, Morningstar, Factiva, EDGAR, and Salesforce for research.
• Updated and validated entity relationships during mergers and acquisitions to ensure accurate compliance reporting and risk assessment.
• Engineered and enhanced Alteryx workflows to improve operational efficiency, automation, and reporting accuracy.
• Developed process documentation and compliance reports using Microsoft Visio for internal and client stakeholders.
• Collaborated with engagement teams to identify, assess, and mitigate independence and compliance risks.
• Investigated potential independence violations and compliance-related concerns.
• Served as Sub-Lead during process transitions, creating training documentation, Standard Operating Procedures (SOPs), and operational guidelines.
• Maintained exceptional quality performance with over 99% accuracy in all deliverables and compliance reviews.
• Trained and mentored team members on compliance processes and independence concepts to enhance operational effectiveness.
• Executed Anti-Money Laundering (AML) investigations, Know Your Customer (KYC)/Customer Due Diligence (CDD)/Enhanced Due Diligence (EDD) reviews, sanctions screening, Politically Exposed Persons (PEP) checks, and adverse media assessments.
• Performed monitoring checks on customer transactions and account activity to identify potential financial crime risks.
• Reviewed over 100 monthly transaction monitoring alerts for global banking clients, investigating each case.
• Analyzed customer transactional behavior to identify suspicious activity and recommend appropriate escalation decisions.

Senior Wealth Manager - ICICI Bank - Bengaluru, India

(2019-05 - 2022-10)

• Cultivated and grew relationships with affluent and mid-market clients, delivering comprehensive wealth management and banking services.
• Led and mentored a team of 15 Relationship Managers, achieving business growth and revenue targets.
• Managed a diverse portfolio of financial products, including Loans, Bonds, Cash Credit, Overdrafts, Working Capital, and Insurance.
• Administered commercial loan documentation, payment processing, escrow analysis, and wire transfer requests.
• Partnered with legal, compliance, underwriting, and servicing departments to streamline commercial loan processing and documentation.
• Investigated and resolved potential manipulative activities and compliance issues.
• Offered strategic financial planning advice and recommended appropriate banking and investment solutions tailored to client goals.
• Expanded client portfolios and achieved substantial business growth through strategic advisory engagement.
• Provided outstanding customer service, ensuring sustained client engagement and retention.

Master of Business Administration (MBA) - Marketing & Finance - CMR College of Engineering & Technology (2017-01 - 2019-01)

Bachelor of Business Administration (BBA) - Marketing & Finance - The University of Burdwan (2014-01 - 2017-01)