Brooklyn, New York, United States
High-Performance, Strategic Analyst with substantial experience in defining strategies and structure to improve BSA/AML and OFAC compliance, processes and controls. Over 25 years of experience and achievement providing operational support and analytics in domestic and foreign banking, payment, trading and risk systems. Demonstrated leadership in project management authority, planning, communicating and defining performance measures. Provides expertise in end-to-end traceability from requirements to testing, identifying gaps/risks, data analysis, monitoring and documenting.
Contractor providing services in anti-money laundering, regulatory compliance, enhanced due diligence, independent reviews, regulatory remediation, and data analysis. • Generate processes performing ETL integration across multiple systems for AML processing and assuring the data quality of the processes involved • Configure PRIME Batchfilter application for daily screening of customer information. • Review customers and refer or close Office of Foreign Assets Control (OFAC) cases using the PRIME case management system. • Analyze the frequency of OFAC matches and remediated them. • Construct ad-hoc EXCEL pivot tables and VBA reports to analyze transaction information such as countries, beneficiaries and originators for high risk indicators. • Develop software used for Know Your Customer (KYC) risk rating of new and existing customers. • Create a series of management reports to analyze of the productivity of generated cases and alerts • Perform multiple look-back projects for addressing sanction screening gaps.
Vice President Compliance Banking Systems (2008-2015) Provided direction and leadership in implementing and supporting the software used for compliance applications. Maintained analysis of data processes, systemic issues, and developed recommendations of monitoring processes. • Created detailed project plans, report and managed project risks, issues, and tracked deliverables through testing and implementation for compliance projects, including AML • Reviewed and verified current processes, roles and responsibilities, metrics, risks and initiatives against current environment to facilitate transition to targeted goals • Liaised with key stakeholders and subject matter experts including: Compliance, Investment Banking, Treasury Services, Static Data, Client On-Boarding, Technology and Audit as it relates to implementation of the KYC standards • Developed an in-depth understanding of monitoring technologies including AML surveillance and assisted in the development of key strategic technology initiatives • Recommended and directed the data source change from SWIFT to EGIFTS resulting in higher quality data • Interpreted the compliance and regulatory aspects that directed monitoring needs and applied analogies to investigations, determined solutions and resolved issues • Collaborated with internal and external auditors responding to requests from Federal Reserve Bank of New York and New York State Department of Financial Services • Supplied information required in the periodic transaction review of data from the PRIME BSA Reporter application monitoring and screening system • Assisted in regional compliance data requests supplying OFAC data and closing cases of suspicious activity • Led project testing and implementation of proprietary and vendor compliance software • Developed and implemented specifications for the rewrite and testing of BSA Lookup
Managed and supported the improvement of software used for corporate banking applications. • Responsible for primary support of the Phoenix system which hosts both DDA transaction processing and the Customer Information database; coordinated meetings with vendor to provide application training for the Client Data team • Supported GIFTS payment and SWIFT messaging systems • Led system support and maintenance of the Intellimatch/Intellitracs reconciliation system; organized meetings to apprise users on status and gather requests specification • Implemented and supported the PFC system used to prevent payments to inactive accounts
Directed the upgrade, development and maintenance of software to run trading, funding and risk management applications. • Provided the reconciliations needed in supporting the move of DEVON derivatives trading system to the head office platform • Developed the processing methodology and interfaces used to install the ReadQ repos system and the ARTS equity financing system • Assisted risk management group to streamline the RISKWATCH system and develop ad-hoc EXCEL reports used for analysis in derivatives trading • Redesigned and documented procedures for overnight batch processing; reduced failure rate from 40 percent to fewer than 5 percent
Head of the global user system support team for a derivatives processing system • Directed US, European and Asian offices in the analysis and use of derivative trading systems and analytic tools • Scheduled processing such that each location can run independently of other locations, distributing job flow and optimizing processing time • Implemented the SUMMIT derivatives trading system into multiple foreign locations • Maintained and updated a global database use for analysis and hedging strategies employed by traders • Developed financial reports used by worldwide locations as a basis for derivative trading • Hired and trained a team of technical professionals in the area of fixed income analysis • Trained middle office support and personnel on SUMMIT product features • Drafted and prepared user documentation used in training system users
Analyzed and implemented solutions for a derivatives trading group • Developed spreadsheets providing an increase in the decision response time in the pricing and basis point estimates of a swap • Engineered routines that performed an analysis of potential exposure risk by applying volatility to yield curves and exchange rates with varying deviations and respect to time. This analysis allowed the determination of credit risk by counterparty reducing default risk • Gathered information used in generating, managing and reducing the system’s budget • Coordinated a system upgrade which reduced labor intensive operations involved in swap processing by 33% • Provided user training for a proprietary swaps tracking system