Management Manager
Resume:
William Andrews CFE
Maplewood NJ 07040
**********@*****.***
EXECUTIVE SUMMARY
Experienced and detailed oriented Compliance Professional extensive expertise in management of overall Compliance Risk /BSA, AML, KYC, CIP, OFAC experience a “hands on" practice in all facets of Compliance and Operations within Asset Management, Investment Advisory, Private Banking and Brokerage organizations
SPECIFIC AREAS OF EXPERTISE:
Developing and implementing compliance policies, programs and infrastructures across multi-disciplined areas: Correspondent Banking, Consumer, Retail and Securities /Trade Finance Experienced with regulatory compliance requirements, risk-based audits and development of compliance monitoring programs.
Thorough knowledge of the asset management and brokerage businesses, investment process, risk management, operations, sales/marketing, compliance/trading/accounting systems and surveillance. Ability to Review and investigate cases both manually and on the Banks Transactions Monitoring & Case Management System.
Draft and prepare Suspicious Activity Reports (SARS) Conduct internal fraud investigations of retail and correspondent banking customers’ account statements, cash, checks, ATM, ACH, and wire transfers by reviewing client transaction flow of payments for suspicious activity on all types of accounts from Low to High Risk jurisdictions/countries for all group and correspondent banks including: Wire Transfers, Book Transfers on a daily basis.
EXPERIENCE:
BANK OF AMERICA MERCHANTS SERVICES August 2017 to November 2017
AML/KYC ANALYST
Responsible for the support and enhancement of the existing US regulatory compliance monitoring and testing program.
Maintaining a centralized repository of monitoring and testing activities, aggregating / tracking results of defects, and ensuring methodology and the tool are validated annually.
Supports AML (Anti-Money Laundering) Compliance managers to design, document, execute and report the results of AML Monitoring and Testing.
Monitors Customer and Vendor Due Diligence reviews while supporting major projects, programs or processes with significant business impact involving cross-functional teams.
ALMA BANK January 2017 – June 2017
AML Investigations Consultant
Conduct internal fraud investigations of retail and correspondent banking customers’ account statements, cash, checks, ATM, ACH, and wire transfers by reviewing client transaction flow of payments for suspicious activity on all types of accounts from Low to High Risk jurisdictions/countries for all group and correspondent banks including: Wire Transfers, Book Transfers on a daily basis.
Review of KYC and CIP documentation as it pertains to the Ultra High net worth customers
Conduct enhanced due diligence, transaction activity review, negative media searches on Bank’s credit card and DDA clients with detailed documentation of findings in accordance with approved policies and procedures.
Review of CTR reports submitted to FINCEN and recommend and draft Suspicious Activity Reports (SARs) when necessary.
INVESTORS BANK May 2016 - July 2016
AML Investigations Manager (Consultant)
Navigate banking systems to obtain account histories, check copies, wire transfer details related to each investigation.
Analyze underlying data gathered to assess reasonable cause to escalate an alert to investigation or to clear the alert.
Review and investigate cases both manually and on the Banks Transactions Monitoring & Case Management System.
Draft and prepare Suspicious Activity Reports.
Assist other members of BSA Department with ad hoc analysis and investigation requests.
BANK HABIB LTD February 2016 – March 2016
AML Compliance Consultant
Investigate case investigation inquiries for any adverse information using various investigative systems (Prime, World Check, Google, Google Negative News, FTMON, HALO) to identify positive or potential matches involving BSA/AML concerns.
Determine upon completion of an Enhanced Due Diligence investigation whether the disposition warrants further investigation or no further action is required.
Review branch related transactional activities that may result in the filing of Suspicious Activity Reports (SARS)
NOMURA SECURITIES April 2015 – August 2015
AML Surveillance Consultant
Surveillance of fixed income and equity trades for evidence of price manipulation.
Review of negative news media to determine if there is a potential relationship or if it is AML related.
Review of all Actimize alerts that are open over 30 days.
JP MORGAN CHASE December 2014 – February 2015
KYC Support Consultant
Undertake quality review of clients’ KYC records with the onboarding process.
Manage and facilitate client due diligence, including coordinating the participation of JPMorgan stakeholders who have KYC responsibilities.
Serve as point of contact for KYC and reporting issues for designated clients
Act as a KYC and AML subject matter resource for KYC due diligence teams.
Act as a subject matter resource on the KYC/AML policies and procedures.
Participate in annual AML discussions with clients
Discuss and escalate with Compliance complex issues surrounding client types and structures, financial products and services, and other AML risk-related issues.
BANK OF TOKYO June 2014 – October 2014
AML Compliance Consultant
Managing a team of 10 transaction monitoring professionals
Updating and maintaining compliance policies and protocol
Review of correspondent banking transactions within high risk jurisdictions
Managing review of AML alerts to ensure effectiveness of protocol including SARS preparation.
Performing KYC analysis of transactions utilizing various search tools such as Actimize and Lexis Nexis.
JP MORGAN CHASE November 2013 - April 2014
AML/KYC Consultant
Perform alert reviews of bank transactions to identify potentially suspicious activity useful for law enforcement.
Collect data, including alert, investigation, SARS preparation; KYC information; relevant account and transaction data.
Review and analyze underlying data gathered to determine cause to escalate or clear.
Document all data relative to alerts and escalations, including supporting data, analysis, and reasoning for disposition in a timely manner.
CITIGROUP June 2013 - September 2013
AML Compliance Auditor (Consultant)
Performing internal audits for regulatory compliance and internal processes
Assist in providing ongoing risk based monitoring of US Dollar clearing transactions to assure compliance with the BSA.
Assist in investigation of electronic funds transfers and other monetary instruments for money laundering, terrorist financing.
Write suspicious activity report for filing to the U S Department of the Treasury Financial Crimes Enforcement Network.
Execute a topical review on transaction activity conducted through a respondent bank accounts designated as increased risk.
Review of Know Your Customer Documents on file, and known AML and Terrorist Financing Red Flags.
PFIZER PHARMACEUTICALS July 2012 – May 2013
Compliance Business Manager (Consultant)
Responsible for supporting the implementation and monitoring of corporate compliance, legal requirements, policy programs, and contracts-related activities in C&O
Reports to C&O Global Business Operations Lead
Assess Government Official status/relations via review of applicable country profiles
Gather, complete, review, update and archive required due diligence documentation
Consult with Legal to issue employer notification letters
Screen all new transaction requests for CP115 triggers.
Produce documentation of FCPA status for C&O colleague and inform C&O colleagues when additional FCPA contract language and attachments are required.
Assist the Business Operations team in identifying and implementing compliance and operations improvement initiatives.
JP MORGAN CHASE
AML/KYC Consultant August 2011 - October 2011
Assist in management, maintenance, and review of appropriate CIP documentation/client files.
Review of all AML alerts in conjunction with business banking unit
Client Identification and KYC documentation oversight/management requirements
Assist in KYC review and refresh of current Client population as needed
Preparation of SARS where needed based on due diligence investigation.
Assist with the effective administration of the AML and KYC Policies of client
Assist with special projects as assigned
NORDEA BANK PLC
KYC/AML Consultant February 2011 – May 2011
Researching of accounts for new and existing clients,
Enhanced Customer Due Diligence via Customer Due Diligence Tool.
Responsible for (KYC) updates for existing customers and AML compliance.
Assisted in performing QA analysis and KYC audit issues
Participated in all other departmental projects as needed
Assisted in monitoring random AML alerts.
WELLS FARGO ADVISORS LLC
Compliance Consultant / Latin American Branch July 2010 – January 2011
Responsible for conducting compliance reviews on client accounts and internal policy & procedures in preparation for quarterly branch audits.
Random sampling of SARS to ensure they coincide transactions that deemed suspicious
Monitoring AML alerts for new and existing accounts including KYC documentation reviews to ensure BSA compliance.
Responsible for independently performing analysis of complex financial transactions.
Confidential research and investigations to evaluate suspicious and/or questionable account activity via AML alerts.
Evaluation of high risk accounts including account activity and making recommendations.
Conduct due diligence for high risk accounts to include interviews of customers and employees in order to obtain operational and financial information.
Ensure all accounts are accurate and are in compliance based on defined regulations.
Conduct analysis and identify opportunities for non-compliance with regulations.
Act as a liaison with internal business units and external agencies to assess compliance, identify issues and recommend resolutions.
Provide excellent customer service by completing tasks and provide advice in a timely manner according to defined standards.
STATE STREET BANK/ IFS October 2007 – January 2009
Assistant Vice President – Enterprise Risk Management
Reviewing of Risk & Compliance functions for the IFS business units.
Responsible for reviewing and approving Client Screen documentation for all new business taken on and to ensure that the operational, fiduciary, AML and documentary risks for which we provided administrative and custody services are properly assessed and rated.
Conducted annual performance reviews.
Created month -end Outstanding Documentation report for management reporting.
Identify higher risk accounts where exception to policy needs escalation for approval in accordance with corporate polices and or guidelines. Participated in AML transaction reviews utilizing EDD procedures for signs of money laundering.
Successfully monitored compliance risk by ensuring that the business unit maintains knowledge of and complies with all applicable corporate policies and procedures, laws, rules and regulations governing the business unit's activity.
Other duties include performing transaction surveillance and OFAC investigations of the IFS customer base and assist in regulatory inquiries involving information about individual clients via World – Check.
Compliance Consultant January 2002 – October 2007
DEUTSCHE BANK – Liaisons between Operations Control and the banks internal compliance divisions to ensure that exception items are properly documented for the purposes of regulatory reporting. Reconciliation of International Depositories to stock record. Liaison between international settlements group and operations control group. Responsible for reconciliation of all items in suspense over five days. Prepared weekly reports for senior managements as to the status on all items in suspense and any items that where pending resolution.
UBS FINANCIAL SERVICES – AML, Due diligence research and review of surveillance transactions to determine if a SARS is needed. Conduct investigations according to AML procedures and processes.
BEAR STEARNS – Global Clearing Services. Review and analysis of new account documentation for accuracy between registered reps, documentation specialist and new accounts department.
PERSHING ADVISORY SOLUTIONS- IMS Compliance Surveillance. Responsible for the analysis of suspicious client activity via monthly exception reports, cash flow analysis reports and on-line transaction surveillance to identify transactions consistent with money laundering. Coordinated in-depth client background checks via Internet surveillance research and branch communication.
GOLDMAN SACHS - Fixed Income Compliance ensuring in house compliance procedures within the fixed income group.
MORGAN STANLEY –Morgan Stanley Asset Management Operations Group. Responsible for monitoring stock record breaks.
HSBC- Client Data Services Division, Mapping customer data in conjunction with the U.S. Patriot Act, Anti-Money Laundering, BSA, KYC. Researching various account registrations foreign and domestic. Surveillance transaction review
MERRILL LYNCH - Regulatory reporting to internal audit of items in the suspense accounts and possible capital charges against the firm. Daily P&L review of outstanding cash and securities positions, randomly monitored operations control group reconciliations.
LEWCO SECURITIES CORP, Jersey City, NJ June 2000-November 2000
Compliance Analyst / AVP
Responsibilities included resolving customer claims and signature authorization listing.
Updated new stock records/general ledger accounts.
Reviewed & responded to subpoenas and other regulatory requests.
Firm suspense review and reporting of items over 3 days old.
Monitoring of institutional and employee accounts for suspicious trading activity.
PAINE WEBBER, Weehawken, NJ July 1996 – May 2000
Internal Audit/Compliance Analyst /Associate Manager
Ensured adherence to SEC and NYSE Rules, as well as firm procedures. Conducted in-depth audits of various PaineWebber operations areas and managing a group of 15 junior analyst
Conducted annual performance reviews of staff.
Detected security position differences and conducted follow up for resolution. Prepared monthly and quarterly exposure reports on internal differences. Helped various departments track audit system problems and made corrections as needed.
Compared and confirmed all stock loan/borrow positions and fails to receive/deliver positions with external agencies, which included monitoring all DK (unknown securities) items.
Responsible for the analysis of suspicious client account activity via monthly exception reports, cash flow analysis reports and on-line surveillance to identify transactions consistent with money laundering. Coordinated in-depth client background checks via Internet surveillance, research and branch communication
Updating all account documentation in compliance with the KYC, BSA, and AML Consulting with federal and governmental agencies to ensure laws and regulations are not violated.
Ensure adherence to the firm’s Customer Identification Program for international client accounts and broker dealers.
Review of branch inquiries to the back office and adhering to firm compliance standards.
Assist and advise Senior Management, including the Legal and Compliance Division, Anti-Money Laundering
prevention Group and Private Client Group with opening international client accounts. Act as a liaison between the Branch personnel and Senior Management.
EDUCATION:
RUTGERS UNIVERSITY, Newark, NJ
Masters Liberal Studies, B.S. Criminal Justice.
(CFE) Certified Fraud Examiner Certification
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