BSA AML Analyst
Resume:
James Edward Pak
* ********* ****** * #****, Atlanta, GA 30346
*******@*****.***
http://www.linkedin.com/in/jamespak1
Experience specializing in BSA/KYC/AML compliance reviews, KYC, OFAC updates, FinCEN requirements, due diligence audits, Federal Regulation Laws/Sanctions, OFAC, Patriot Act, Transactional Analysis Expert, Currency Transaction Reports (CTR) filings, preparation/completion of Suspicious Activity Reports (SAR), MSB, NBFI, Import/Export, Casino/Charity Organizations, Cash Intensive Businesses and Foreign business entities and Foreign Individuals.
Professional Experience
CTBC Bank USA 7/2015 – Present
Sr. BSA/AML EDD Analyst Los Angeles, CA
Responsible for monitoring, investigating, and reporting suspicious activity on high risk customers both domestic and international businesses and foreign individual clients utilizing government sanctions and industry governed compliance laws and regulations.
File and review currency transaction reports (CTR). Analyze and investigate client depository accounts to determine possible structuring, money laundering, terrorist financing, suspicious activity and other red flags that may require further investigation. Ensure complete compliance review and due diligence is completed.
Perform initial and period EDD/CDD reviews. Research KYC and onboarding documentation.
Research, record all findings and documentation into Patriot Officer/BAM/Navigator/FiServ.
Work Check and Data Verify to investigate corporations, businesses and individuals.
Prepare and submit SAR reports where necessary and to ensure reports are completed in it’s entirety and all associated parties are researched accurately through verified first suspicious activity date with required supporting documentation. Research and review prior SAR reports.
Conduct transactional analysis of all depository accounts and customer relationship accounts to determine if evidence of suspicious activity such as kiting, structuring of deposits and unusual patterns are present and responsible to investigate whenever necessary to determine final outcome using sound judgement and knowledge based on documentation and research conducted.
Research and review all transaction deposits, withdrawals, counterparties, customers, wire activity, ACH activity and cash transactions, check transactions and images to ensure operation is in line with business profile.
Utilize various internet research tools and data sources including but not limited to LexisNexis. Utilization of LexisNexis to perform in depth investigations to obtain and verify data during the review. Public records, employment/residence history, prior criminal activity, recording of assets/property, and associated parties were samples of data obtained to complete investigations and conclude sound risk decisions.
Regions Bank 1/2015 – 5/2015
BSA/AML EDD Compliance Analyst Birmingham, AL
Responsible for monitoring, investigating, and reporting suspicious activity on high risk customers both domestic and international clients utilizing government sanctions and industry governed compliance laws and regulations.
File and review currency transaction reports (CTR). Analyze and investigate client depository accounts to determine possible structuring, money laundering, terrorist financing, suspicious activity and other red flags that may require further investigation
Verify and research all information obtained during account opening and recorded on the KYC is accurate and complete.
Perform and review bank clients that are considered high risk and flag as accordingly based on client profile.
Record all findings and documentation into Norkom system.
Ensure compliance has been met for all high-risk clients based on risk type. Verify that documentation required for each high risk clients are met and remains compliant.
Perform enhanced review of Correspondent banks that may potentially pose risk involving the handling of transactions on behalf of other banks globally. Ensure that proper due diligence is completed and/or to review correspondent due diligence practices/procedures meet the Bank’s minimum guidelines, documentation requirements and compliance practices.
Work Check and Data Verify to investigate corporations, businesses and individuals.
Prepare and refer SAR reports where necessary and to ensure reports are completed in it’s entirety with required supporting documentation.
Conduct transactional analysis of all depository accounts to determine if suspicious activity is present and responsible to investigate whenever necessary.
Review tax returns, ATM agreements, Business formation documents, counterparty research, wire transfer activities, transactional analysis.
Ensure up to date Knowledge of the laws applicable to money laundering, to include the BSA, USA PATRIOT Act, OFAC requirements and Suspicious Activity Reporting requirements.
Review and analyze wire and depository activity on all high-risk clients and perform required investigative tasks.
Responsible for report writing to detail all findings and methods used to complete compliance review.
Conclude each report with an approval or escalate to 2nd level investigations where necessary.
Utilize various internet research tools and data sources including but not limited to LexisNexis. Utilization of LexisNexis to perform in depth investigations to obtain and verify data during the review. Public records, employment/residence history, prior criminal activity, recording of assets/property, and associated parties were samples of data obtained to complete investigations and conclude sound risk decisions.
Wells Fargo Bank 4/2013 –12/2014
BSA/AML/EDD/CDD Analyst Atlanta, GA
Reviewed case files and notes of cases referred to BSA Investigators for suspicious activity involving money laundering or structured transactions to avoid CTR reporting, which are identified by SAR Research analysts through use of cash structuring and know your customer reports or Suspicious Activity Information Form.
Review and verify KYC information obtained from the branches at the time of the account opening.
Ensured that referred cases meet the criteria required for referring cases and that case documentation provided is complete and matches the checklist that accompanies the referral. Assists the Investigators in researching and documenting less complex cases.
Researched and analyzes less complex cases for potential AML-related suspicious activity and make recommendations for SAR or non-SAR to Investigations Manager, Team Lead, or Senior Investigator. Assist Investigators with preliminary research and analysis for complex cases, as assigned.
Provide support for the documentation of case investigation results on the case management system and other information required to substantiate SAR and non-SAR decisions
Organize case files and provides daily reports to Investigations Manager on the number of cases to be investigated and the due dates required under BSA, to assist in workflow management.
Utilization of online data sources and tools such as LexisNexis to clear alerts and/or perform deep dive investigation when data involving data such as employment/residence history, record of assets, associated parties/relatives require a more in depth review.
Maintain a good understanding of the BSA regulations and FINCEN guidelines relative to BSA Suspicious Activity Reporting. Maintain thorough knowledge of the Bank's systems used to conduct research of customer transaction activity
Bank of America 1/2012 – 3/2013
Representation and Warranties/Review Analyst Jacksonville, FL
Perform periodic file reviews (including review of complex relationships) ensuring activities are reviewed in a holistic manner across the spectrum of products and services used by the customer.
Ensure CDD is properly performed by the LE/LOB and EDD is applied in cases where warranted to mitigate AML/TF exposure
In Perform periodic file reviews (including review of complex relationships) ensuring activities are reviewed in a holistic manner across the spectrum of products and services used by the customer.
Ensure CDD is properly performed by the LE/LOB and EDD is applied in cases where warranted to mitigate AML/TF.
Investigate potentially suspicious activity, make risk-based SAR recommendations, and prepare SARs.
Investigate potentially suspicious activity escalated by the Alert Adjudication Unit, make risk-based SAR recommendations, and prepare SARs.
Verify KYC information and responsible to assist the enhancement of the KYC documentation for future enhancements.
Detect potential suspicious activity when complex manual processes are needed.
Manage customer account escalations to relationship managers (including requests for closures.
Serve as a subject matter expert on suspicious activity monitoring to Lines of Business by providing advice and counsel to ensure they understand AML compliance and risk management requirements and implications to their operations.
Make recommendations to the AML Financial Intelligence Function Manager regarding suspicious activity monitoring and investigations to ensure ongoing improvement and evolution of governance programs and practices in response to identified risks and/or gaps in the system.
Maintain a current thorough understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal activities and developing trends.
JP Morgan Chase 2/2011 – 1/2012
BSA/AML Analyst Jacksonville, FL
Conduct investigations of potentially suspicious BSA and Fraud activity related to alerts or assigned cases from the system or reported by Bank employees, Bank customers or law enforcement authorities.
File Currency Transaction Reports and prepare Suspicious Activity Reports and advises management as appropriate.
Research, investigate, clear alerts
Perform initial/periodic due diligence reviews for high risk domestic businesses (MSB, Import/Export, Casino, NBFI, Cash Intensive). Verify information on KYC and onboarding documentation.
Assist in the development of KYC documentation and process implementation initiatives.
Research and compile documentation obtained from bank systems and public data sources to complete due diligence reviews to identify unusual activity and to ensure compliance of Patriot Act.
Responsible for the preparation and submission of SAR. Ensure accuracy and review scope is appropriate for the activity being investigated and to ensure timely submission to keep the bank compliant at all times.
Remain current of regulations pertaining to Bank Secrecy Act and Anti-Money Laundering to help ensure Bank’s compliance and advises staff as appropriate. Act as a technical resource for the various business lines and staff on matters pertaining to BSA/AML.
Education
2014 CAMS (In progress) ACAMS Audit/CAMS FCI Certifications Atlanta, Georgia
2001 Capstone Mortgage Institute Georgia Mortgage Broker Certificate Atlanta, Georgia
1999 TRIO Technical Training Microsoft Certified Systems Engineer Toronto, Ontario
1997 Sheridan College Bachelor Degree – Computer Science Oakville, Ontario
1993 Father Michael Goetz OSSD (GED obtained) Mississauga, Ontario
Technology
DataVerify, LexisNexis, World Check, Norkom, IVR/CTI, 3270 Emulators, Banker’s Tool Box, Accurint, Actimize NICE, SAP, Patriot Act Officer, Navigator, Mac OSX, Windows client/server OS, Oracle/SQL administration/programming, FTP, UAT, MS Visual Basic, Lotus Notes, TCP/IP, JavaScript, Adobe Photoshop, Active Server Pages (ASP), Cold Fusion, Crystal Reports, Microsoft Project, Viso, Access, One Note, Unix/Linux, HTML, Calyx Point, Fannie Mae DO/DU, Freddie Mac LP, E-magic, eMits, Zippy, CLUES, Encompass, AllRegs, Microsoft PowerPoint, Microsoft Excel Expert (Macros, Pivot Tables, Reports, VB programming, Forms, Advanced Formula programming), FiServ.
Solid Work References Available Upon Request
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