RAY MORALES

ac0yf3@r.postjobfree.com Cell 347-***-****

Experience:

FITS – Financial Industry Technical Services, Inc. August 2016-January 2017

Brokerage Operations Leadership

Wrote up New Accounts Procedure manual, written Supervisory Procedure.

Remediated KYC/AML/OFAC.

Reported to Management – updates/target deadlines.

Updated new accounts - linking and delinking.

Identified RECON and adjusted ledger transactions against bank statement activity.

Reviewed payout request (wire and checks) – OFAC checks on 3rd party payouts.

Handled all mandatory and voluntary security reorganizations.

Updated security master, risk mitigation.

Managed user acceptance testing, conversion migration.

Bank Of America June 2015 – August 2016

Global Economic Sanctions Compliance Relationship Team Global Financial Crimes Compliance

Analyzed and resolved alerts generated through the company's various economic sanctions/OFAC filtering applications.

Investigated referrals escalated by other filtering areas.

Managed virtual files, investigations of case management systems..

Conducted targeted economic sanctions/OFAC/AML related reviews of client accounts or other activity.

Undertook detailed research of customer and transactions data using internal and external sources for proper disposition of cases.

Provided support, procedural updates, training and economic sanctions guidance to other business lines.

Participated in conference calls with front line, operations areas and tech support regarding financial crimes.

Provided client and document remediation for enhanced due diligence KYC AML OFAC.

HSBC Private Banking Dec 2014 – March 2015

Trust Account Officer Consultant

Administered a portfolio of custody account relationships in accordance with controlling documentation. Company policies and external regulations.

Ensured completeness and compliance of underlying documentations.

Reviewed and ensured compliance and operational risk controls in accordance with company policy and regulatory standards.

Enforced policies and best practice, reported control weakness, compliance breaches and operational loss events.

Maintained internal control standards, timely implementation of audit points.

Approved discretionary payment as applicable and signed documents on behalf of the Company within assigned limits.

Barclay’s Wealth Management Oct 2013 – Nov 2014

Back Office Operations (Consulting)

Managed wire payment MT202, managed settlements 540, 541, ADP, BONY wire instruction confirmations, distributions and check disbursements.

Validated and approved client funds, disbursements, and receipts.

Processed client account and documentation.

Processed trades: equities, fixed income and mutual funds.

Provided fail management, general sales support: account inquiries, statements issues.

Contributed surveillance: undervalue securities and certain trades.

Oversaw recon of branch office accounts: Omnibus, suspense and client accounts.

Administered transfers: ACAT, DTC, EuroClear and ClearStream deliveries, DVP, DFP.

Handled trade correction and modifications: commission adjustments, pricing.

Managed client onboarding: KYC, Documentation review, and House holding.

Implemented UAT testing, production data review, account opening, trade processing, wires, check and journal work status review.

BBVA Securities Inc. April 2013 – Oct 2013

Operations Manager Back Office VP (Consulting)

Monitored the daily activity of the back office.

Produced monthly analytical reports for management.

Collaborated with the team to streamline the processes and propose improvements.

Acted as liaison with Finance, Trading, Sales Force and Audit.

Produced RegT and 15C3-3 Filings.

Provided customer setup, CUSIP set up, interfaces, fails reporting.

Operated international settlement: Mexico, Peru, Chile, Colombia, Brazil, domestic and foreign currencies.

Settled DVP, RVP, interest claims.

Merrill Lynch Pierce Fenner & Smith/ July 2006 – April 2013

Global Wealth Management

AVP, European Equities Dividend/Interest & ML, Int’l.

Responsible for client on-boarding, trade processing, operations, portfolio performance review.

Managed client development and retention as well as ACAT transfers, document control.

Provided optimal practice model implementation.

Supervised and trained a staff of 15 individuals in processing and reconciliation of dividend/interest transactions.

Wired notification to the field of events and elections.

Reviewed CNS activity, submitted election via DTC EDS election system.

Mitigated financial losses and reduced exposure by: reviewing daily reports to ensure timely and accurate allocations.

Reconciled cash and stock position, resolved within 7 business days, regulatory reporting requirements (15C and/or Client Money) daily, weekly, monthly and quarterly.

Established control, reported and clearance, Six Sigma analysis of daily breaks.

Developed and executed: system requests/tests impacting procedures, trade support.

Created and enhanced reporting tools to monitor daily processing exposure.

Utilized performance indicators that evidenced proper routing of inquiries, effective distribution of workload and adequate staffing levels.

Built team effectiveness by consistently motivating and raising employee standards as well as communicating the importance of service excellence qualities.

Bear Stearns & Co. Inc. Jan 2004 – July 2006

Corporate Actions Specialist (Global Clearing Services)

Monitored and maintained voluntary and mandatory corporate action events for both domestic and international deals.

Corresponded and provided support with relationship managers, collateral managers, money managers, and hedge funds to resolve daily reorg inquires.

Reconciled reorg payouts for discrepancies and possible trade breaks.

Reviewed election reports for possible risk on assignments due to instructions.

Logged and maintained reorg notices for reporting and future referencing.

Bank Hapoalim (Temporary/Consulting) Dec 2003 - Dec 2003

Operations Supervisor

Conducted domestic and international corporate actions, both voluntary and mandatory.

Processed global bond and domestic instructions/trade affirmations.

Managed proprietary mutual fund pricing/cash disbursements.

Handled DVP and RVP, non-Euroclear, and Euroclear free receives.

Ran trade affirmations from Knight Securities/Signature bank.

BUY & HOLD Securities Corp. Sept 2000 – May 2003

Corporate Actions Specialist/Senior Associate

Retrieved and monitored daily notifications, voluntary and mandatory.

Adjusted Security Master Database to reflect accurately on website.

Followed up on reorg correspondence, outstanding issues and balance general ledger.

Supervised postings of reorg activities within our internal system to establish the client's proper holdings.

Resolved daily stock record breaks, cash movement breaks with custody and internal reports.

Isolated/corrected trade issues, dispersed checks to clients requesting liquidations.

Handled various management projects dealing with reducing risk exposure and workflow management while increasing the quality of customer services.

Trained and supervised one reorg specialist.

EDUCATION: high school diploma, BMCC business admin not complete 16 years work experience.

SYSTEMS KNOWLEDGE & TECHNICAL SKILLS: LexisNexis, Clearstream, Euroclear, Bank of New York Clearing and Bancomer, CRI, ECM, Actimize,NETX360, Broadridge, Clear, STN, Fail Monitor, FICC RTTM OMGEO Alert, Clearstream, Euroclear, BONY, RAD, DTCC, ADP, CPI, Phase III, Finet, Xcitek, ATCS, RECON PLUS, Microsoft Excel, Microsoft Access, Microsoft Word, Fluent in Spanish

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