Managing Consultant - AML

Brian Chan

***-** **** **** *******, NY ***** 917-***-**** ******.****@*****.***

Summary of Qualifications

Experienced anti-money laundering (AML) professional with an extensive background in capital markets and banking compliance

Subject matter expertise in BSA/AML/OFAC regulations as they apply to financial institutions including retail, wholesale and international business

Areas of knowledge include AML investigations, Know Your Customer (KYC)/Customer Due Diligence (CDD), BSA/AML/OFAC gap assessment, Suspicious Activity Report (SAR) writing, trade surveillance, securities fraud, and equities trading

Company-minded and self-directed: noted by management for leadership, initiative, and analytical skills

Professional Experience

Navigant Consulting, Inc., New York, NY August 2014 – Present

Managing Consultant

Client Engagement 1 - Multinational Financial Institution

The client was issued a Consent Order by the New York State Department of Financial Services. Per the Consent Order, Navigant was appointed as the Compliance Monitor to oversee the Bank’s compliance program.

Conduct comprehensive compliance review comprises of procedural reviews, testing of customer files and investigation cases, and interviewing of Bank’s personnel to measure the adequacy of the Bank’s compliance program with the Consent Order

Develop and implement a testing program to achieve testing objectives and satisfy regulatory requirements and expectations

Lead and execute samples testing of the client’s correspondent banking internal controls by reviewing and evaluating transaction monitoring alerts, investigation files, and SAR filings

Conduct quality assurance reviews of testing results by peeps to ensure quality, accuracy, and consistency of their work

Write accurate, detailed and supported testing deliverables and reports for delivery to senior management and high-level stakeholders

Client Engagement 2 - Latvian Financial Institutions

Performed gap analyses of Latvian Banks to identify weaknesses and document findings within their compliance programs

Reviewed Latvian Banks’ AML and sanctions compliance manuals, policies and procedures, and measured them against BSA/AML/OFAC regulations and US best practices

Led and executed compliance testing plans which includes the review of KYC/CDD files, transaction monitoring investigation cases, and sanctions alerts

Led interview sessions with senior management and key stakeholders to evaluate governance oversight of clients’ compliance programs

Drafted sections of final reports for delivery to clients covering gaps found in their KYC/CDD, transaction monitoring and sanctions programs and processes

Provided advice and remediation recommendations to clients on regulatory, procedural and documentation issues found during compliance testing

Drafted request for proposals and engagement letters for Latvian Banks to perform gap assessments on their compliance programs

Client Engagement 3 - Regional Financial Institution

Managed a team of six to eight AML practitioners on a regional retail bank project conducting investigations and identified potential suspicious activity related to money laundering

Acted as a second level reviewer of alerts and investigations for quality assurance by transaction monitoring analysts

Reviewed alerted transactions based on detection scenarios such as structuring, excessive withdrawals/deposits, excessive dollar amount, high-risk jurisdiction and unusual behavior

Prepared SARs and escalated suspicious activity to engagement client for reporting to regulators

Coordinated and executed coaching and mentoring initiatives, including the development of training materials, job aids and delivery of training

Reviewed Currency Transaction Reports (CTRs), SAR filings, and customer files to evaluate risk

Performed due diligence searches on LexisNexis, Accuity, World-Check and Google

JPMorgan Chase & Co., New York, NY February 2014 – July 2014

AML Consultant (Contractor)

Reviewed alerted transactions based on detection scenarios such as high-risk domicile and location, unknown third-party wire, high-risk account type, rapid movement of funds and Political Exposed Persons (PEP)

Monitored transactions in accounts including broker-dealers, prime brokerages, hedge funds, financial institutions, high net worth individuals, trust and retirement accounts

Reviewed alerts completed by analysts for quality assurance, and made suggestions for necessary and recommended revisions

Performed due diligence searches on institutional clients and individuals on JPMorgan Proprietary Systems, LexisNexis, World-Check, and Google

Conducted a thorough investigation of prior cases, Suspicious Activity Reports (SARs) and negative media outlets to determine if alerting customer has suspicious historical activity

Navigant Consulting, Inc., New York, NY August 2013 – January 2014

Trade Surveillance Consultant (Contractor)

Analyzed and investigated equity and debt securities over a look-back period against firm's restricted trading list policy

Conducted surveillance of trading activity across trade executions, and escalated evidence of potential violations for further investigation

Examined and documented research results and reported any unusual and suspicious activity for further action

Researched material financial information using the public domain, and gathered documents to support cases under investigation

Performed quality control and reconciled alerts to ensure the accuracy of metrics reporting

Independent Securities Trader, New York, NY June 2000 – July 2013

Trade Desk Manager/Trader

Head trader of equities trading desk that generated consistent returns that span over ten years with trading revenues totaling over $50m

Managed and monitored trading desk that included trade surveillance, management of customer accounts, performance review, system support, and investigations of trade violations and erroneous trades

Developed and implemented trading strategies by using technical analysis and hedging techniques to forecast price movements of stocks

Evaluated and analyzed market information by utilizing news outlets, stock scanners and charting programs

Conducted periodical reviews of trading desk activity to ensure compliance with industry standards

Executed trades in multiple markets using various electronic trading platforms

Coordinated on-boarding efforts through the creation of educational material and providing training for new traders

Led trader recruitment drives resulting in 20% year over year growth of the group

Directed expansion of trading group and spearheaded the international growth of team by establishing offices in Hong Kong and China

Education and Licenses

Bachelor of Science, SUNY Buffalo School of Management – Degrees in Accounting, Finance, and MIS

CAMS (Certified Anti-Money Laundering Specialist) Exam Certification

Previously held securities licenses - Series 7, Series 24, Series 55 and Series 63

Technical Knowledge

AML Case Management Systems (Actimize, Detica, Mantas, ECM, Navigant Star), LexisNexis, Citrix, HOST, Patriot Officer, JPMorgan Systems (MLMS, Mainframe, FTMon, Halo, FSD and Portfolio Analyzer), MS Office, Electronic Trading Systems (Lightspeed, Takion, Laser), Bloomberg Terminal, and eSignal Charting Program

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