KARL E. CERNI

**-** **** ***., ***. *B, Jackson Heights, NY 11372, Tel # 917-***-****, Email: acrx2o@r.postjobfree.com

SUMMARY

Financial Services professional with MBA and extensive experience working at major money-center banks and investment banks.

Skilled in KYC, credit administration, portfolio management, loan closing, agency side in sovereign and domestic bank debt, participation, private banking loans to high net worth individuals from Latin America.

Technical Skills: Loan IQ, MS Word, Excel, and PowerPoint

Languages: Fluent in Spanish; French and German

PROFESSIONAL EXPERIENCE

SIGNATURE BANK, New York, NY. 7/2015 - Present

Contractor in Cash Management Dept.

• Project to migrate client accounts from one system to another.

JPMORGAN CHASE, New York, NY 10/2014 - 1/2015

Account Opening Specialist in Latin American Private Bank

Opened Personal checking, savings and brokerage accounts for individuals from Central America as well as Venezuela, Colombia, Peru and Ecuador

Pre-filled and reviewed relevant forms, using Adobe Reader

Verified that passports were up-to-date for individual account holders

Updated information on Workstation

Reviewed Due Diligence Reports (DDRs) prior to progressing accounts to open

Reviewed W-8BEN tax forms for accuracy and dates within the past 3 years

•.Kept record of progress on a tracker via Lotus Notes

JPMORGAN CHASE, New York, NY 5/2014 - 10/2014

Consultant, Compliance Analyst

KYC Remediation Project in Latin American Private Bank

Reviewed customer records to verify that they were complete and current

•.Verified that passports and formation documents were up-to-date for individual account holders and authorized decision makers under entities

•.Reviewed W-8BEN tax forms for accuracy and dates within the past 3 years

•.Reviewed Articles of Incorporation and Corporate Minutes for current names of directors, shareholders with at least 10% ownership, officers and authorized signers

•.Built organizational charts (when needed) to verify relationship structure

Communicated with front office via email, KYC Tool (online program with online approval) and Excel tracker to request updated and missing documents

Updated records on a timely basis once missing documents are received

RBS GLOBAL BANKING & MARKETS, Stamford, CT 10/2010 - 12/2012

Consultant, Credit Administration

Assisted on-boarding team in obtaining necessary documents

Executed KYC procedures for non-core clients in the LATAM portfolio including but not limited to calling and emailing the client to ask questions regarding the business and requesting documents, if necessary.

Provided support to the LATAM credit risk team by managing a portfolio of Latin American legacy accounts as part of the bank's exit strategy from Argentina, Chile, Colombia and Venezuela.

Standby L/C's from Peru and Venezuela

L/C's in Venezuela had expired and converted to loans.

Loan guarantees in Colombia and Argentina

Bilateral loan agreement in Brazil

Maintained record of Covenant schedule for non-core Latin-American clients, based on credit documentation.

Assumed credit administration tasks, originally performed in Latin America, while providing the same level of service to the clients and I interacted with operations teams in the Netherlands and India.

Interpreted credit and loan agreements, built and maintained deals, facilities and pricing grids on Loan IQ and PRISM Credit Management System.

Performed portfolio management functions for deals that were US Corporate clients within the Healthcare, Real Estate and Hospitality portfolios.

Closed new issue loan deals by coordinating with relationship management, credit officers, agent banks, and treasury.

Analyzed and created front sheets and calculations for front office staff.

BARCLAYS CAPITAL (LEHMAN BROTHERS HOLDINGS, INC.), New York, NY 7/2005 - 8/2010

Senior Analyst, High Yield Bank Loan Operations

Focused on the timely and accurate closing of individual trades, contributing to the team closing target of 900 trades per month.

Consistently confirmed unsigned trades in a T+5 target.

Worked closely with trade desk to resolve any issues.

Assisted on-boarding team in obtaining required documents to close trades, such as tax forms and documents of formation.

Managed a portfolio of bank loans including notifying lending institutions, and receiving and forwarding borrower funds to the lenders.

Took over a group of aged trades, reducing the aged portfolio from 30 trades to five trades within four months.

Set up new deals including two at $1 billion each on Loan IQ system and funded borrowers' and investors' accounts, efficiently allocating trades involving hundreds of lenders.

Assisted KYC team in obtaining documents necessary to making clients compliant for business.

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EMPLOYMENT HISTORY

Merrill Lynch & Co., New York, NY 11/2004 - 6/2005

WestLB AG, New York Branch, New York, NY 6/2003 -10/2004

JPMorgan Chase, New York, NY 7/2001 - 5/2003

Sumitomo Mitsui Banking Corporation, New York, NY 12/1997 - 6/2001

Commercial Bank of New York - International Private Banking Department 2/1994 - 2/1997

Bank of Tokyo Trust Company, New York, NY 2/1987 - 2/1994

EDUCATION

New York Institute of Technology, New York 6/1991

MBA - General Business

University of South Florida, Tampa, FL 8/1986

BA - International Studies

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