Jitesh Patel
About Jitesh Patel
Jitesh Patel is the Senior Director of AML Technology, Data, and Strategy at CIBC, with extensive experience in anti-money laundering, sanctions, and data management.
Current Position at CIBC
Jitesh Patel has been serving as the Senior Director of AML Technology, Data, and Strategy at CIBC since 2019. In this role, he focuses on advanced anti-money laundering technology solutions, data management, and strategic policy development. His responsibilities include overseeing the development and implementation of transaction monitoring, sanctions compliance, and customer risk rating systems. Jitesh leads initiatives to enhance AML and sanctions policies and plays a crucial role in communicating these policies with regulators.
Previous Experience at Deutsche Bank
In 2019, Jitesh Patel held the position of Vice President, Testing, MI, Analytics, and Testing at Deutsche Bank for three months. During his brief tenure, he focused on improving testing practices and analytics within the banking sector's AML framework. His work contributed to enhancing the bank's compliance metrics and overall monitoring processes.
Roles at Deloitte
Jitesh Patel has extensive experience at Deloitte, where he held multiple roles from 2007 to 2018. His positions included Senior Manager in both the Greater Chicago and Toronto areas, Manager - AML and Data Analytics, and Senior Consultant. During his tenure, he specialized in AML and data analytics, implementing policies and procedures, and working on various global initiatives. His contributions significantly impacted Deloitte's AML operations in model risk management, transaction monitoring, and customer due diligence solutions.
Educational Background
Jitesh Patel has a strong academic background, having earned a Bachelor of Science in Computer Science from the University of Toronto in 2003 and a Master of Science in Education from Niagara University in 2005. His comprehensive education laid the foundation for his expertise in technology, data management, and AML solutions.
Expertise in Anti-Money Laundering
Jitesh Patel possesses over 11 years of experience in Anti-Money Laundering (AML) and sanctions. His expertise includes the development and management of AML technologies and solutions, strategic policy creation, and regulatory communication. He has led various AML projects, including program management, system design, testing, and implementation, showcasing his versatility and proficiency in the field.
Technical Skills and Capabilities
Jitesh Patel demonstrates a robust technical aptitude in data management, data mining, data modeling, and statistical analysis. He has a track record of successful software and solution development in AML technology. His experience spans various transaction monitoring and customer due diligence solutions such as Oracle FCCM/Mantas, Actimize SAM/CDD, and BAE NetReveal, as well as screening solutions like BAE Watchlist and FicroSoft.
Leadership Experience
With over 7 years of leading highly effective global teams, Jitesh Patel has shown exceptional leadership capabilities. He has directed teams across various AML projects, managing requirements analysis, design, testing, tuning, training, and go-live processes. His leadership ensures that AML operations remain effective and compliant with global standards.