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Click here or scroll down to respond to this candidateCandidate's Name
RISK AND COMPLIANCE ANALYSTMillburn, New Jersey, United StatesPHONE NUMBER AVAILABLEEMAIL AVAILABLESUMMARYAnti-Money Laundering Subject Matter Expert (SME) with over 3 years of professional experience in handling money laundering issues, regulatory compliance, policies and procedures, entities and individuals onboarding with emphasis on the new FINcen rule, project management within the financial services sectors, fraud investigations, risk assessment and risk mitigation. Worked in collaboration with diverse non-governmental and governmental teams in strategizing and implementing compliance projects within the accepted sphere. Experienced in Fircosoft, Lexis Nexis, NES, Norkom, E-Gift, OFAC lists, Sanctions, PRIME System, Palantir, SAR Database, Worldcheck, SAS systems, propriety software and research tools including Actimize, Fenergo, FIserv, Verafin, Accuity, Google, Electronic Case Management, DDIQ, Compliance Link. Area of Expertise/Skills includes Financial Regulations- Investigations and Suspicious Activity Report (SAR) Writing Correspondent Banking, Equity Managers, Commercial and Retail Business Financial and Regulatory Compliance. WORK EXPERIENCEMay 2022-December 2023RISK AND COMPLIANCE ANALYSTSTATE STREET BANK -FEMFA LLCUnited StatesKYCUnited StatesSTATE STREET BANK -FEMFA LLC*Reviewed enhanced due diligence for both new and existing higher-risk clients including analyzing corporate structures and other documentation as necessary.*Analyzed and escalated negative news as necessary.*Determined and provided guidance on the appropriate client risk ranking.*Reviewed client accounts for potential matches to designated sanctions targets and prohibited person lists.*Engaged various third-party and internal databases to assist with due diligence searches as needed.*Developed an understanding of anti-money laundering regulations, policies, and procedures.*Reviewed documents and information to perform enhanced due diligence reviews on higher-risk customers.*Assisted in executing key projects and initiatives related to assessing and mitigating the Firm's exposure to money laundering and reputational risk-relevant activities.*Performed risk-relevant matters associated with prospective clients identified by the First Line Unit during Client Due Diligence (CDD) and EDD processes to ensure continued knowledge of the existing client base and any material changes to client information.*Actively identified, measured, controlled, and remediated AML and reputational risk issues with partners in Global Financial Crimes, Compliance and the Business Units*Performed processes in accordance with internal policies, developed and monitored periodic AML reporting to senior stakeholders, and recommendations to improve procedures governing AML-related activities.*Participated in team meetings led by the Head of WM and Bank GFC Advisory or designee.*Supported the business-as-usual processes related to ECRR, including executing administrative tasks and coordinating configuration and reference data updates within the system.*Coordinated live monitoring of payments and messages via the bank OFAC filtering system to ensure all transactions were following OFAC regulations and AML policies.*Blocked, rejected, and reported transactions to OFAC as needed.*Performed quality assurance testing for payments, messages, and OFAC stripping reviews for potential manipulation of transaction details.*Performed quality assurance checks and validations of OFAC filtering systems to ensure systems are compliant per periodic release of OFAC SDN updates.*Reviewed escalations from the Client Onboarding team pertaining to new and existing Counterparty relationships with respect to potential OFAC hits, negative news, and PEP hits.*Provided guidance and advisory on OFAC matters to other associates/analysts within the group and other business units.*Developed and delivered Sanctions-related training as needed.*Updated OFAC logs and other items as needed.*Participated in user acceptance testing of new tools to measure the efficiency of the system prior to production.*Participated in Ad-hoc management requests in relation to Global Sanctions*Stayed abreast with new laws and regulations that involve Global Sanctions Compliance*Other duties assigned by management, including supporting other BSA Department areas as needs arise (e.g., Investigate alerted transactions for AML/Sanctions risks and provide guidance on SAR filings as needed.) January 2019-March 2022KYC AnalystPROFILE INTELLIGENCEUnited StatesUnited Statesmiddle office.*Reviewed and investigated cases and alerts on the Banks Transaction Monitoring & Case Management System*Drafted narrative on triggered activity identified in transaction monitoring systems.*Documented investigations and ensured that facts substantiated the disposition, closing cases or escalating findings.*Identified and documented transactional activity for evidence of Money Laundering red flags, suspicious transactions, and unusual banking activities.*Effectively investigated alerts and wrote suspicious activity reports (SARS) in compliance with established regulator guidelines and timeframes.*Made SAR/no SAR decisions after investigating possible suspicious financial activity.*Performed Due Diligence using Lexis-Nexis, Google, World Check, and potential OFAC violations using the OFAC database.*Cleared OFAC sanction alerts.*Performed searches utilizing internet sources and/or third-party vendors (i.e *Google, Dow Jones) to determine negative news and obtain due diligence information.*Wrote and filed SARs based upon transactional activity and customer relationships to report evidence of possible money laundering/terrorist financing activities recommend relationship retention or termination and track account closures as required.*Performed Negative news screening on US and non-US clients, along with OFAC search.*Collected and documented data, including alert, investigation, or Suspicious Activity Report (SAR) history; Know Your Customer (KYC) information; relevant account and transaction data.*Collected and examined financial statements and documents to assist in identifying unusual transaction patterns.*Conducted research over available Bank systems, the Internet and Databases consistent with the resolution of investigations.*Conducted high-level investigations and analysis of potential money laundering or terrorist financing activity.*Documented all research and analysis conducted in the Case Management System*Managed a caseload of investigations, performed analysis and follow-up and worked cases from beginning to completion.*Analyzed PPP Loan cases to ensure compliance with SBA regulations and guidelines as well as the MUFG company's written policies and procedures in granting the loans.*Processed loan applications from and for small businesses on behalf of banks as part of the CARES Act Paycheck Protection Program (PPP)*I accessed the application portal for completeness based on predefined procedures and documentation needs, to determine borrower's eligibility and equally conducted outreach to the customers for pending documentation.*Analyzed cases to ensure compliance with BSA/AML laws, regulations and guidelines as well as the company's written policies and procedures.*Ensured that cases were reviewed in line with CRR, OFAC, CIP, KYC, CDD, EDD and transaction monitoring while adhering to KYC remediation and Quality Control (QC)*Ensured strict adherence to Customer Risk Rating (CRR), to perform effective Due diligence on various customers as well as periodic reviews.*Performed transactional analysis to identify risk and potential suspicious activities.*Effectively conducted AML /KYC formality reports on questionable accounts and transactions*Implemented customer risk rating criteria for both individual and corporate customers in line with the client's risk rating process.*Performed required KYC screenings on customers documenting the information obtained on the client's as required by global KYC procedures.*Assisted in the handling of informational requests from customers in line with the BSA and USA Patriot Act*I reviewed and recommended customers' accounts for possible offboarding and/or RFI.*Performed transactions and conducted investigations based on internally developed alerts, red flags and employee referrals.*Assisted in the OFAC and EDD of daily transactions of the Branch.*Reviewed OFAC hits;EDUCATION-2008CAMS IN VIEWAAUAUnited States PsychologySKILLSData Collection Risk Analysis Systems Administration/Management Telnet Quality Assurance SCSI Bus Microsoft Visual C Programming Language Loans Commercial Banking Statistics Financial Statements Financial Compliance Risk Management Financial Services Project/Program Management Finance Stock Market Documentation Writing Skills Quality Control Case Management Due Diligence LexisNexis Corporate Governance Sales Prospecting Retail Time Management System Validation Acceptance Testing Administrative Skills Onboarding Policy Development Regulatory Compliance Fraud Investigation Customer Relations Microsoft Excel Microsoft Outlook Microsoft PowerPoint Microsoft Word Microsoft Visio Know Your Customer (KYC) Money Laundering Global Financial Markets People Management Documentation Review Analysis Skills Risk Procedure Development Systems Maintenance Business Support Production Systems Testing Customer Escalations Regulations Transaction Processing/Management Reporting Skills Internet Search Financial Transactions USA PATRIOT Act Maintain Compliance Research Skills Small Business Internet Application Legal Statistical Analysis System (SAS) Investigative Reports Financial Regulations Bank Management Commercial Loans Financial Systems Validation Testing System Test Develop and Maintain Customers Business Solutions Business Administration Data Collection Software Banking Services Identify Issues Regulatory Requirements Customer/Client Research Banking Regulations Public Finance Presentation/Verbal Skills Communication SkillsLANGUAGESEnglish - Fluent |
