Due Diligence Aml Compliance
Resume:
ADAM ECONOMOS
Elkton, MD *****
****.**********@*****.***
PROFESSIONAL SUMMARY
Accomplished BSA/AML Compliance professional with 8 years of experience in the financial sector, specializing in developing and implementing compliance programs that meet regulatory standards. Expert in utilizing compliance software and tools, with a track record of reducing legal risks and enhancing operational efficiency. Holds advanced knowledge in BSA/AML laws and regulations, complemented by a Master's in Homeland Security.
ACCOMPLISHMENTS
Managing Morgan Stanley’s new Enhanced Due Diligence Team by leading Analysts and Associates
Launched new AAR program at BNY Mellon by developing enhanced QC procedures
Achieved department-wide improved QC rates by effectively streamlining QC feedback to AAR Lead Managers
Coached AAR analysts on global teams via 1 on 1 high quality investigation walk throughs
Completed Winners Circle Training Program to strengthen professional performance
SKILLS
AML/Fraud Prevention
Enhancing Operational Effectiveness
Leading and Overseeing Team Members
Time Management and Organization
Coaching and Feedback
CRM Software Proficiency
Quality Control
Proficient Communication and Interpersonal Skills
Proficient in Microsoft Office (Word, Excel, PowerPoint)
Reporting and Analysis
Risk Assessment
WORK HISTORY
Senior Health Advisor • The Health Institute
Remote • August 2024 to Current
Securing high ticket sales by closing Cellular Regeneration Program leads
Managing and optimizing multiple CRM platforms efficiently
Anticipating and addressing client needs through proactive communication and engagement
Enhanced Due Diligence Operations Director • Morgan Stanley
Baltimore, MD • October 2023 to August 2024
Managed and led the Domestic Wealth Management EDD team
Prepared and reviewed EDD reports complicit with U.S. consumer financial laws and regulations
Facilitated efficient queue management and branch correspondence between Financial Advisors and EDD Associates
Interviewed and referred qualified candidates
Produced daily assignment reporting for Executive Directors
Led daily Pod queue assignment meetings
Led branch calls with Associates and Financial Advisors regarding client retention
Improved system efficiencies by identifying and remediating manual processes
Maintained strong communication between management, Associates, and Financial Advisors.
Lead Analyst-AML/Prevention/KYC-Quality Control • BNY Mellon
Wilmington, DE • May 2022 to October 2023
Implemented a comprehensive compliance framework ensuring adherence to U.S. consumer financial laws and regulations, which reduced legal risks by 40% and enhanced operational efficiency
Implemented the first-ever blockchain digital cash asset program via Ethereum Layer 1 protocol
Introduced new macro process and QC checklist to Senior Management and respective team members Coached newly onboarded analysts across global teams by emphasizing high-quality investigations and thorough transaction analysis
Regularly protected the bank from international high-risk clients and high-risk industries involving appropriate risk assessments
Validated banking ownership, PEPs, and nested downstream correspondent banking activity Completed Account Activity Reviews via case management system and other client research tools
Lead Analyst-AML/Prevention/KYC • BNY Mellon
Wilmington, DE • November 2021 to May 2022
Regularly protected the bank from international high-risk clients and high-risk industries involving appropriate risk assessments
Remediated escalated transactions to Account Owners via RFIs
Validated banking ownership, PEPs, and nested downstream correspondent banking activity Completed Account Activity Reviews via case management system and other client research tools
AML Compliance Associate • J.P. Morgan Chase
Newark, DE • February 2017 to November 2021
Regularly utilized Actimize while managing large caseloads
Executed risk assessments involving different patterns of account activity and typologies Interacted with law enforcement agencies, regulators, and financial institutions to coordinate investigations related to fraudulent activities
Remediated account activity via RFI inquiries and 314 (b) requests
Closed and escalated alerts based on risk mitigation, red flags, and thorough analysis
AML Compliance Analyst • J.P. Morgan Chase
Newark, DE • December 2016 to February 2017
Regularly utilized Actimize while analyzing branch and systemic alerts
Executed risk assessments involving different patterns of account activity and typologies Interacted with law enforcement agencies, regulators, and financial institutions to coordinate investigations related to fraudulent activities
Remediated account activity via RFI inquiries and 314 (b) requests
Closed and escalated alerts based on risk mitigation, red flags, and thorough analysis
EDUCATION
Master of Science - Homeland Security • Wilmington University
Wilmington, DE • August 2023
3.88
Bachelor of Arts - Criminal Justice & Minor Sociology • University of Delaware
Newark, DE • December 2016
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