Arpita Patel is a manager in the firm’s Financial Institutions Services Group, where she is responsible for overseeing the Anti-Money Laundering (AML)/Bank Secrecy Act (BSA) team through the completion of internal audits, validations, and consulting projects for community and commercial banks.
Ms. Patel participates in conducting validations of the BSA/AML monitoring software to ensure data is appropriately interfacing from core to system, performing restructuring assessments of BSA departments through staffing analyses, training of staff regarding high-risk relationship reviews, and strengthening and enhancing processes. She also conducts BSA look-backs, alert optimizations, and implementing or enhancing customer risk rating models. Ms. Patel acts as a key resource through regulatory examinations and audits, acting as a member of the BSA management team to address questions and areas of high risk and concern. She is also involved with the documentation of BSA department procedures to identify gaps and limitations while enhancing the process and reporting for monitoring of suspicious transactions and preparation of suspicious activity reports.