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Management Quality Assurance

Location:
Algonquin, Illinois, 60102, United States
Posted:
May 24, 2010

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Myron D. Asher

* **** ******** ***** *********, IL 60102 Phone: 847-***-**** Email:

abmrse@r.postjobfree.com

Career Goal: Retail & Commercial Compliance / Internal Audit / Risk Management

• Financial services consumer compliance monitoring, risk, auditing and examination experience

• Experience within retail banking operations, both deposits and lending

• Ability to analyze and apply consumer and commercial lending and deposits regulatory requirements

• Prior Audit and Regulatory Agency experience.

• Strong problem-solving and conceptual thinking skills

• Strong oral and written communication skills

• Self-directed; ability to develop schedules/project plans and work autonomously to meet deadlines

• Strong attention to detail

Education

Master of Science in Management, Webster University

Bachelor of Science in Public Administration, Southwest Missouri State University

Experience

Bank of America chicago, il

Compliance Manager, 7/2006 to 5/2009

Provided key Global BSA/AML program health metrics to Federal Regulators, Executive Management and relevant lines of

business. Utilized highly effective interpersonal skills to forge strong partnerships within Global AML, Lines of Business,

Global AML/PMO and other technology and data standard groups to define and implement key value-added program health

metrics while driving consistency of approach and harmonization of BSA/AML metrics across the enterprise .

• Directed the development and execution of AML Compliance Testing Program by applying the elements of

regulatory bank exams through appropriate testing and review of the businesses.

• Collaborated with Internal Audit, Regulatory Compliance, Risk Management, Global AML Compliance and other

departments to ensure an effective compliance testing program.

Developed testing procedures including the review of data samples captured by lines of business and compared

samples to written procedures; tested transactions, monitored, investigated and reported practices against global

procedures and applicable U.S. legislation and regulations.

Analyzed compliance review findings and performed root cause analysis; distinguished between various levels of

compliance risks while applying a risk based approach to determine process gaps/deficiencies.

Identified and mitigated compliance control gaps and made recommendations for improvements. Ensured

appropriate corrective action plans were in place and validated/tracked action plans for implementation.

Daily communicated compliance testing program information and results to Senior Management and lines of

business (LOB).

Performed complex investigations to protect the Bank from known or suspected internal or external criminal

activities, w primary focused on money laundering and Bank Secrecy Act issues.

Prepared weekly / monthly / quarterly headcount reporting analysis and compiling analytics on the respective

fluctuations.

Prepared Executive Presentations other adhoc reports for Senior Management, as requested

RECENT ACCOMPLISHMENTS

Successfully established defined Global AML Dashboard requirements, determined ownership/production responsibilities,

defined, developed and implemented collection, approval, distribution, escalation and maintenance processes over the

following projects:

1. Global AML Dashboard

2. Executive BSA Program Health Metrics and Reporting

3. Regulatory BSA Program Health Metrics and Reporting

4. Line of Business BSA Program Health Metrics and Reporting

5. Project Indigo (Spirit Medallion Recipient)

ABN AMRO / LASALLE BANK (merger with Bank of America) – CHICAGO, IL

Compliance Specialist, AVP – Quality Assurance

Advised business units with compliance issues to ensure both global and local compliance policies,

standards and requirements are fully adhered to. Provided verbal and written recommendations about

compliance-related issues – including provision of information – to internal and external stakeholders.

• Actively reviewed strategic and policy issues regarding compliance and regulatory matters affecting the business in

the country.

• Developed compliance policies and procedures that meet compliance standards and monitors the implementation.

• Increased compliance visibility within the business locally.

• Reviewed KYC records to ensure accuracy and compliance with appropriate Line of Business and Corporate

standards.

• Provided assistance and guidance to Sales Staff pertaining to business standards and regulatory requirements.

• Executed assignments according to the Group Compliance policies and guidelines.

• Gathered, analyzed and presented information for periodic management reports.

• Retained control over the audit trail in relation to compliance issues.

• Executed the department’s monitoring program procedures as assigned.

MIDWEST BANK & TRUST chicago, il

Internal Audit / Risk Management Officer, 10/2002 to 7/2006

First-line of contact with Senior Vice President of Risk Management in determining areas of risk appraised their significance

and developed appropriate audit review scope and frequency. Planned, directed and supervised the work of audit staff in

the performance of operational audits. Reviewed organizational and functional activities to ensure compliance with internal

regulations. Completed detailed Branch Audits. The primary objectives of these branch audits were to review the internal

controls over the branch operation functions. This objective was accomplished through the review of available written

procedures and policies, observation and inquiry of branch personnel to determine compliance with established policies

and procedures, and testing of certain controls. The branch audit consisted of the following areas: Safe Deposit Box

Operations, Night Depository, Physical Security, Teller and Vault Cash, Negotiable and Consigned Items, ATM Cash and

Depositing, Opening and Closing Accounts, and Lock Box. Maintained and facilitated the yearly risk management

program. Reported findings of bank adherence based on recommendations by regulatory and internal/external consultants.

Facilitated maintenance of collaborative relationships to improve communication flow between the internal audit

departments and management, external auditors and others as appropriate to support the department's function and

mission. Responsible for the following areas concerning Sarbanes-Oxley Internal Testing :

• Collaborated with outside SOX consultants in support of Section 404 compliance.

• Maintained the internal control monitoring system to support management's assertions required by Section 404.

• Planned quarterly processes, owner certifications and updating internal control documentation.

• Maintained cycle information for risks, controls, surveys, narratives and process flows.

• Identified control gaps, worked with process owners to document action plans and monitor cycle owner progress on

action plans.

• Led the design and execution of resolution plans for testing discrepancies. Coordinated information gathering for

external audit testing and analysis relating to SOX compliance.

• Consistent up-to-date on all audits and internal controls reviews performed and assess their applicability to SOX

compliance.

• Assisted in developing and implementing a standard business process documentation plan, to assist in the

identification of risks, and changes to existing system of internal control.

Regional Compliance Officer

Developed and implemented compliance programs and reporting requirements to ensure compliance with Federal/State

laws and regulations in the lending arena. Provided input and guidance to all compliance personnel for the Bank to ensure

consistent and accurate compliance with regulations. Tested effectiveness of policies and procedures through monitoring

for assigned lending and retail areas. Continuous interaction with examiners and internal auditors in reviewing. Bank’s

programs. Monitored schedules and prepares reporting and analysis of all findings for review by Board of Directors.

Addressed and correct issues raised in all audits and exams.

• Developed and maintained an effective compliance program.

• Ensured compliance policies and procedures were updated throughout organization.

• Maintained current copies of laws, regulations and official commentaries/interpretations.

• Served as expert on regulatory and industry developments relative to compliance matters and assists others in the

implementation and ongoing adherence to authoritative guidance.

• Monitored ongoing activities and operations of Midwest Banc for compliance, report findings to management, and

Board of Directors, and ensure corrective action is taken as deemed appropriate.

• Responsible for “first-line” support on compliance matters and coordinates external legal assistance on compliance

matters.

fifth third bank southfield, mi

Commercial Compliance Officer, 2/2002 – 10/2002

Coordinated the execution of Bank’s Commercial Compliance programs, including the review of information reported to

external regulatory entities, Board of Directors, and senior management. Educate and train Bank Commercial personnel on

compliance issues using formal and informal methods.

• Performed monthly compliance monitoring of new and renewal loans for applicability and compliance with selected

banking regulations (i.e. Regulations B, C, H, U, Z, RESPA and Flood). Summarize results for timely reporting to

divisional management.

• Conducted a monthly 100% review of the Bank’s Home Mortgage Disclosure Act (HMDA) Loan Application Register

(LAR), for the

appropriate inclusion of Commercial loans and accuracy of reportable information.

• Performed monthly review of the Bank’s Commercial transactions on the CRA LAR, for appropriate inclusion and

accuracy of reportable information.

• Performed monthly review of the Bank’s Regulation H Exception Report and coordinated any necessary corrections.

• Coordinated Bank’s Commercial denial process and procedures for denied applications, including the required second

review and adverse action notification.

• Coordinated Commercial’s requested involvement and gathering of information for compliance and CRA examinations.

• Oversaw Commercial compliance procedures related to new/revised lending regulations or modification to existing

bank procedures.

H&R BLOCK FINANCIAL ADVISORS – DETROIT, MI

Compliance Analyst, 2/2000 – 2/2002

As a member of the surveillance unit, some major responsibilities were to review the trading activities of the sales force, to

ensure that all industry and firm rules and regulations were adhered.

A. G. EDWARDS & SONS, INC – ST. LOUIS, MO

Compliance Paralegal, 4/1994 - 4/1999

As a member of the Law/Compliance Team, prepared arbitration and litigation documents for defense. Ensured firm was in

compliance with the rules governing subpoenas, IRS levies, and employee/client garnishments, responded to SEC, NYSE,

NASD and other regulatory investigations.



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