AML/EDD
Resume:
DAVID W MORRIS, CAMS
ad5pyz@r.postjobfree.com
linkedin.com/in/david-w-morris-cams-a79a98104
SUMMARY
Former FINRA Examiner and certified financial services compliance professional with over twenty years’ experience. Expertise in Compliance, Anti-Money Laundering, Due Diligence, Risk Assessment and Examinations/Audits. Knowledge of offshore fund methodologies. Met or exceeded production goals and quotas while maintaining an exceptional Quality Assurance error rate. Experience includes:
Securities
Fintech
Retail/Correspondent Banking
Sanctions
Retail/Institutional Accounts
Enhanced Due Diligence
SARS Filings
Fixed Income Products
EXPERIENCE
Piermont Bank
BSA Analyst (Consultant), New York, NY September 2023 – January 2024
Reviewed and cleared suspicious activity alerts. Referred suspicious transactions and accounts to the BSA officer. Escalated alerts for further investigation, converted cases to Suspicious Activity Reports (SARs) when warranted. Filed SARs. Performed 90-day reviews. Reviewed and updated customer due diligence.
SHINHAN BANK
AVP/Transaction Monitoring Analyst, New York, NY March 2022 – June 2023
Reviewed and analyzed transactional data for potential suspicious activity, including those generated from alert detection processes, subpoenas and warrants, country/corridor reviews, foreign and domestic agent matters, sanctions, consumer network cases, negative media reports, as well as other sources as applicable. Filed SARs.
SPENCER SAVINGS BANK
AML Specialist (Consultant), Elmwood Park, NJ October 2021 – February 2022
Performed enhanced due diligence on high-risk customers and transaction monitoring to determine if there is evidence of money laundering, terrorist financing and/or fraud; maintain appropriate case management and track high-risk reviews; make recommendations to continue banking relationships or escalate for consideration of exiting banking relationship.
Serve as AML Investigator Back-up.
WELLS FARGO BANK
Financial Crimes Associate (Consultant), New York, NY April – August 2021
Reviewed transactions for possible Insider Trading violations. Investigated customers and issuers, analyzed timing of transactions and press releases, in comparison to major financial announcements, to determine if transactions were made utilizing material non-public information. Performed Low Priced Securities reviews to determine if any links existed between customer and issuers.
SUMITOMO MITSUI BANKING CORPORATION
KYC Analyst (Consultant), Jersey City, NJ July 2020 – February 2021
KYC Remediation Project. Performed full KYC review of customer accounts, ensuring information is accurate and corresponds to documentary evidence. Completed Risk Summaries of existing clients based on KYC files and Wolfsberg Correspondent Banking Due Diligence Questionnaire. Analyzed clients’ business profiles, beneficial ownership, sanctions, anti-bribery and corruption, negative news, and Politically Exposed Persons (PEPs). Applied diligence in reviewing files to identify deficiencies, discrepancies, and omissions of relevant documentation. Made recommendations to continue banking relationships or escalate for consideration of exiting banking relationship.
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MIZUHO AMERICAS
KYC Analyst (Consultant), New York, NY February – June 2020
Supported KYC Management and KYC Team Analysts to perform KYC file reviews for new and existing customers; Interfaced with account officers for all KYC related tasks and inquiries as well as contact external overseas branches and affiliate locations as needed.
Generated KYC reports, tracked timely reviews by Front Office for KYC file updates, performed in-depth reviews of KYC files and supporting documentation, assured adequate information was maintained within the files, adequate risk ratings were assigned and advised if any escalations were necessary.
Performed jurisdictional evaluation reports, reviewed negative hits on Dow Jones Factiva/World-Check, reviewed and scanned KYC reports and related documentation. Completed reviews of risks such as jurisdictional risks, sanctions, PEP detection, FCPA and negative news review.
K2 Intelligence (for MEGA BANK)
AML Analyst (Consultant), New York, New York April – August 2019
Conducted correspondent banking investigations, performed enhanced due diligence, sanctions screenings, analyzed transactions to determine if evidence of money laundering, terrorist financing and/or fraud. Identified red flags, compiled evidence, and documentation to escalated cases for risk-based suspicious activity reports (SARs) and created SAR-ready narratives in accordance with regulatory requirements.
Submitted Requests for Information (RFI), collected responsive information and documentation, conducted further analysis, and prepared applicable responses.
BANK of MONTREAL
Quality Assurance Analyst, AML (Consultant), New York, New York May – September 2018
Reviewed the accuracy of the KYC/On-Boarding files in accordance with bank policy and regulatory guidelines, including independent research and evidence of customer information and documentation, adjudication of information and alerts related to PEPs, Adverse Media and Sanctions, data entry within the Capital Markets CIP Risk Scoring system. Ensured that appropriate documentation was received, and each customer profile updated.
Provided feedback and guidance to KYC analysts for completion of client on-boarding process.
DEUTSCHE BANK
KYC/EDD Analyst (Consultant), New York, New York October 2017 – April 2018
Reviewed the completeness of the KYC files in accordance with AML/BSA regulatory guidelines and bank policy procedures, which includes identification and verification of the client, understanding the client’s business and background, the purpose and nature of the relationship with the bank and the control and ownership structure of the entity. Presented a written summary assessing the risk the client poses to the bank.
COMMERZBANK
Senior Investigator (Consultant), New York, New York October 2016 – April 2017
Examined alerts for potentially suspicious account activity for broker-dealer, correspondent banking, and trade finance clients. Performed due diligence research of focal entities and counterparties, performed sanctions screenings, sent Requests for Information (RFI’s) and drafted SAR forms for initial and supplemental reviews when applicable.
Conducted Percentage of Market Cap Analysis when warranted. Participated in lookback project, resulting in clearance of approximately 1,000 alerts.
Reviewed, assessed, and provided direction of Investigator’s case work for case completion.
CHINA MERCHANTS BANK
Transaction Monitoring/KYC Analyst (Consultant), New York, New York November 2015 – April 2016
Reviewed alerts for potentially suspicious account activity for high-net-worth international Retail and Private Banking clients. Performed sanctions screening. Acted as a liaison between business units and BSA/AML Senior Management on KYC/EDD related matters. Conducted analysis, cleared alerts, submitted RFIs and/or escalated cases when warranted. Performed OFAC checks.
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OPPENHEIMER & COMPANY
Transaction Monitoring Analyst (Consultant), New York, New York January – April 2015
Reviewed system generated alerts for potentially suspicious account activity. Cleared alerts, submitted RFIs and completed SAR narratives when needed.
JEFFERIES LLC
AML Analyst (Consultant), Jersey City, New Jersey January – August 2014
Completed file analysis for a Remediation Project. Onboarded clients onto Jefferies Bank systems. Performed enhanced due diligence including OFAC checks on individuals, entities and their principals, trusts, and trustees. Performed risk analysis for client retention purposes.
EDUCATION
BS, Business Management, Fairleigh Dickinson University, Teaneck, NJ
CERTIFICATION/ PRIOR LICENSURE
Certified Anti-Money Laundering Specialists (CAMS)
Series 7 and 63
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