Management Financial
Resume:
KIMBERLY A. MONK, CIA, CAMS
Post Office Box 660
Browns Summit, NC 27214
336-***-**** (cell)
SUMMARY OF QUALIFICATIONS:
Thirteen years of experience in auditing, compliance, accounting and general management in a variety of consulting and financial service industries. Current experience includes auditing the various business processes and products within both banks and credit unions, with over six years specializing in Bank Secrecy and Anti-Money Laundering Compliance consulting and audits.
PROFESSIONAL EXPERIENCE:
Accounting Principles (Contracting Agency)
Financial Institution Compliance Consultant
Contract Employee, January 2011 – January 2012
•Appointed by the Financial Institution’s Board of Directors as interim Bank Secrecy Officer managing the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), USA Patriot Act (USAPA), Office of Foreign Assets Control (OFAC) compliance until the position was filled. Due to the regulatory assessment penalty received by the Financial Institution for non-compliance of the BSA, adequate authority was given to cross departmental and subsidiary lines to ensure fulfillment of the BSA Compliance Officer duties.
•Developed, implemented, and administered all aspects of the BSA/AML/USAPA/OFAC Program. Turned around “problem areas”. A great deal of detail was included in the Board approved policies and procedures ensuring that preparation, approval and independent reviews were properly segregated.
•Provided general BSA/AML/USAPA/OFAC training to all personnel, and implemented a thorough training program addressing specific functional responsibilities throughout the departments.
•Developed a thorough BSA/AML and OFAC risk assessment utilizing the risk schedules included in the FFIEC BSA/AML Examination Manual appendices and industry suggestions. The scope of the assessments provided a recap of the Financial Institution’s products, services, customers and geographic locations.
•Informed the Board of all Suspicious Activity Reports (SARs) investigated and filed and any corrective actions taken. Substantial improvement was made as the SAR program progressed.
•Implemented an automated AML technology solution, Yellowhammer BSA, which was integrated into the Jack Henry data processing system. The automated system provided significant risk mitigation as the Financial Institution continued to grow.
•Implemented risk-based customer due diligence (CDD) policies, procedures, and processes throughout the financial institution. Performed ongoing account reviews of certain higher risk accounts, working closely with Relationship Officers to fully understand customer transaction patterns.
Jefferson Wells, International (Audit and Consulting Firm)
Financial Institution Compliance Consultant/Audit Professional
Salaried Employee (2006 – 2009); Contract Employee (2009 – 2011)
•Handled audit engagements and developed client relationships in the emerging small business market. Client emphasis in the financial institution services industry.
•Conducted compliance, operational and financial audits to assess the level of compliance with regulatory requirements and client’s objectives.
•Provided Bank Secrecy Act/Anti-Money Laundering compliance assistance, reviews and audits, and recommended best practices.
•Implemented automation of anti-money laundering techniques, processes and tools for Bank Secrecy Compliance.
•Designed, presented and obtained organizational support proactively implementing applicable Sarbanes Oxley requirements into daily operations.
FNB Southeast Financial Services Corporation
Bank Secrecy, Anti-Money Laundering Compliance Officer
Assistant Vice President (2004 - 2006)
•Established goals and objectives, developed policies and procedures, trained staff, and initiated and enhanced automated systems.
•Researched, designed, and implemented staff development programs for orientation, training and continuing education.
•Initiated post-review procedures to improve bank-wide staff performance.
•Conducted random reviews at branch locations to insure compliance with the Bank Secrecy Act Regulatory requirements.
•Developed and implemented post-review corrective action plans with Branch locations.
FNB Southeast Financial Services Corporation
Bank Secrecy, Anti-Money Laundering Compliance Officer
Senior Internal Auditor (2001 - 2004)
•Examined and evaluated bank operations to assess the level of compliance with regulatory policies and management's procedures and directives.
•Trained and supervised new audit staff.
•Consulted with operating managers to determine audit needs and planned for new information systems development.
•Investigated the operations of all bank-wide functions including analyzing the degree of management control and the effectiveness of established policy and procedures.
•Presented final audit reports to the audit committee and presented recommendations to bank management.
North Carolina Credit Union League
Senior Auditor (1999-2001)
•Conducted field audits of North Carolina State and Federal Credit Unions.
•Examined and evaluated the Credit Union’s operations to assess the level of compliance with regulatory policies and management’s procedures and directives.
•Provided technical assistance and training to the Credit Union’s accounting staff when needed.
•Evaluated reports on the statement of financial condition and collateral, through reviews of balance sheet and income statement accounts.
•Presented final audit reports to the supervisory committee and presented recommendations to bank management.
EDUCATION:
High Point University, High Point, NC
Degree: Bachelor of Science, Accounting
Certifications and Memberships:
Certified Internal Auditor, May 2003
Certified Anti-Money Laundering Specialist, September 2008
Member of the Internal Audit Association
Member of the Association of Anti-Money Laundering Specialists
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