Michael J Preston

732-***-**** ad0hvf@r.postjobfree.com

Summary of Qualifications

A senior-level, team lead in compliance with more than 20 years of comprehensive expertise and extensive knowledge of Client Onboarding, Enhanced Due Diligence, and advanced skills and training in various AML activities. This also includes team lead positions for various tax groups and projects by developing procedures, processes, technology and tools that service clients in a timely matter. Proven leader with a demonstrated ability to partner effectively with cross-functional teams across the organization to ensure objectives and company goals are met.

PROFESSIONAL EXPERIENCE

Senior Onboarding KYC/AML Specialist Northern Trust, Jersey City NJ (11/2014 – Present)

Onboard clients for Global Markets and Private Wealth Management including but not limited to: KYC check performance focusing on trading products such as Derivatives, Swaps, Futures, Commodities, etc.;

Team Lead for all tax services such as validations and key tax reporting projects including: 1099 withholding, IRS reporting, 1042 filings and other country filings, exempt or non- exempt income.

Familiarity with FATCA, CRS and other relevant laws and regulations, such as Dodd Frank, US Patriot Act, Bank Secrecy Act procedures, processes, technology and tools;

Team leader for group of 12 or more and significant hands on experience with know your customer, Enhanced Due Diligence, client documentation, client reference data, and any negative news for financial institutions operating in many jurisdictions

Leads and directs the workforce in problem solving, motivational skills and all miscellaneous requests within the group.

Core role in the department with the ability to take lead in weekly meetings, delegating accounts to team members and developing daily trackers to evaluate departmental progress;

Develop, maintain, trend and report Key Performance Indicators.

Global Banking Enhanced Due Diligence HSBC BANK USA, New York, NY (09/2012 – 09/2014)

Senior level Client Onboarding for Regional Managers and their clients across all products for KYC Renewal Remediation process.

Team leader for all enhanced due diligence clients; Managed and distributed these clients to the group evenly and monitored all progress of team

Utilized knowledge of AML laws, including BSA, Patriot Act, and US treasury guidelines.

Extensive liaison with business area and provision of advice on the requirement for supporting documentation and information as necessary.

Conducted research, assisted and provided information to support suspicious activity reports (SAR) and made recommendations

Team lead for tax group; responsible for collection of tax documentation from the firm’s institutional trading clients in order to reduce the withholdable tax exposure and conform to IRS regulations

Lead bi-monthly meetings to ensure all FATCA resolutions and maintained progress of all client issues relating to tax.

Develop, maintain, trend and report Key Performance Indicators.

Trade Support ING Financial Markets, New York, NY (02/08 – 09/2012)

Team leader for a group of 10 or more in the kyc and account opening operational group; Represent team and ensure all key metrics of performance and client expectations are met

Oversee team performance and responsible for overall development of the team

Performed Client CIP/KYC; Utilized Bankers Almanac; validated regulatory status via FINRA, SEC and other websites.

Opened and modified Broker Dealer and Hedge Fund Accts in multiple operational systems such as ADP, ARTS, Quantum, Sophis, Fidessa, Gloss, Geneva, Citrix, Socrates, Genesis, etc.

Conducted all Onboarding procedural methods for medium and high risk clients; including the utilization of KYC procedures, AML Laws including BSA and US Patriot Act.

Specific knowledge of SwapsWire and SDR Reporting.

Worked with DTC and various broker dealer custodians on monthly reconciliation deadlines to ensure proper support for many of our clients and custodians.

Settled trades and worked as trade capture administrator to ensure accurate set up and maintenance of all trades with fixed income, equities, stock loan, commercial paper, fx, etc.

Accounts & KYC Specialist NOMURA SEC INTERNATIONAL, New York, NY (12/04-06/07)

Utilized knowledge of AML laws, including BSA, Patriot Act, and US treasury guidelines;

Reviewed daily exception reports and respond to alerts from regulatory service provider;

Performed Client CIP/KYC; Utilized Bankers Almanac; validated regulatory status via FINRA, SEC and other websites;

Specific knowledge of SwapsWire and SDR Reporting’

Performed SEC Edgar searches; collected and reviewed formation documents;

Heavy communication with Sales Assistants and Traders so that accounts can be established, and trades can settle on time.

Accounts & KYC Specialist DEUTSCHE BANK SECURITIES New York, NY (2/01-12/04)

Opened and maintained international and domestic accounts for all products such as fixed income, equities, and derivatives by using ADP and Gloss systems;

Established dexterous communication skills with broker dealers, sales assistants and clients to facilitate and carryout procedures for prime broker accounts;

Performed Client CIP/KYC; Utilized Bankers Almanac; validated regulatory status via FINRA, SEC and other websites;

Retrieved accounts of the Sid and Alert systems for institutional clients;

Proficient knowledge of the USA Patriot Act.

Other Experience:

Senior Investigator/Case Manager, Kevin P Carey and Associates, Morristown, NJ (1996-2000)

Claims Rep/Case Manager, GAB Robins, Lawrenceville NJ (1994-1997)

EDUCATION

A/S Criminal Justice Degree Ocean County College, Toms River, New Jersey 08754 1995

B/S Liberal Arts Degree Stockton State College 1997

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