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AML Professional with over 30 years of banking experience

Westchester, IL
October 15, 2019

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Karen S Shor

***** ******* ******

Westchester IL 60154



Over 30 years of banking, operational and management experience including compliance such as Anti-Money Laundering Compliance, “Know Your Customer”, “Enhanced Due Diligence”, “Risk Assessment” and OFAC Sanctions in relation to Bank Secrecy Act

Over 10 years of project management experience including mapping and documented processes, creating test plans and coordinating test cycling

Designed, developed, delivered procedures, job aids and training to 300 Private Banking employees while employed with Bank One.

Partnered with business units to define and develop ways to streamline existing processes while employed with First American Bank

Evaluated merchant information to ensure compliance with AML, BSA, USA PATRIOT Act, and OFAC guidelines while employed with Discover Inc.

Reviewed and cleared suspected PEP’s, sanctioned watch lists parties via Lexis/Nexus Bridger software while employed with G.E. Capitol

Performed KYC due diligence high net worth individuals and businesses, while employed with Chase .

Proficient in Microsoft Office; including Microsoft Word, Microsoft PowerPoint, Microsoft Outlook and Microsoft Excel

Managed a group of 50 FTE in an operations environment, for 10 years .


Chase (Contract)

KYC Onboarding Officer

April 2017 – December 2018

Performed KYC due diligence of high net worth individuals and businesses

Conducted AML research and sanction screenings to offset hits

Onboarded new accounts, conducted AML checks, and requested additional documentation from additional financial, governmental, and online resources

Hit key metrics by account files monthly

Built networks and relationships with local bank contacts and individuals

Designed and implemented programs, policies, and practices to ensure that all business units follow federal, state, and local regulatory requirements

Tracked laws and regulations that might affect the organization's policies

Prepared compliance reports to present to management

Relied on experience and judgment to plan and accomplish goals

Performed a variety of tasks

Discover Inc. (Contractor)

KYC/CDD Analyst

May 2016 – April 2017

Performed thorough KYC/CDD analysis of each Partner, including Evidence of Existence, Adverse Media, completed KYC research using multiple systems, including Orbis (BvD), RDC (Regulatory Data Corp), open source searches, and internal systems

Identified the Partner’s Beneficial Owners and Board of Directors

Evaluated Partner information to ensure compliance with AML, BSA, USA PATRIOT Act, and OFAC guidelines

Performed PEP/OFAC screening of partners via Compliance Link(Accuity), identified and documented PEP false positives and escalated true hits to Enterprise Sanctions team for further processing

Updated the CIS system E-Credit, with identified, Beneficial Owners and Board of Directors and Management staff

Created narrative of research and collected relevant documentation to comply with CDD and DFS guidelines

Created Procedures for KYC/CDD analysis for the Discover Financial Service Payments group

G.E. Capitol (Contractor)

AML Compliance Analyst

May 2015 – May 2016

Cleared or resolved all Actimize created alerts, for large Commercial clientele

Reviewed large scale cross broader transactions from GE affiliates companies in Mexico and China including wire transfers and ACH transactions

Escalated all potential issues or suspicious behavior activity to the next appropriate next level

Performed KYC/ AML due diligence checks on prospective customer, related parties and suppliers using research tools and external data sources

Reviewed and cleared suspected PEP’s, sanctioned watch lists parties via Lexis/Nexus Bridger software

On-going monitoring of and overview of existing data bases

Crowe Horwath (Contract)

Compliance Analyst

September 2014 – March 2015

Worked as BSA/AML investigator on the Lone-Star National Bank Project

Duties included: review of selected cases from monitoring system Yellow Hammer for identification of “red flags”, transaction monitoring, Release of wire transfers, and other unusual or suspicious activity

Documented and made recommendations on SAR filing

Communicated with bank personal on follow up for customer questions and activities

Created SAR narratives for filing

First American Bank

BSA Compliance Specialist

September 2003 – December 2013

Researched, recommended, tested and installed Prime Compliance Suite monitoring software for organization

Monitored and identified potential BSA/AML regulation violations across all lines of business

Collaborated with LOB and Audit to create Risk Assessment and enterprise wide KYC procedures

Created desk procedures for BSA monitoring review

Reviewed marketing material and new product material to ensure BSA compliance

Subject Manner Expert for Bank

Created and presented suspicious activity reports to the BSA committee

Identified and performed enhanced due diligence (EDD) on Money Service Business and higher risk clients

Monitor OFAC and Sanctioned Parties (PEP’s)

Performs 90 day required follow up on filed suspicious activity reports

Frist American Bank

Project Manager

July 2003 – September 2003

Partnered with business units to define and develop ways to streamline existing processes

Collaborated with Loan Operations to review all loan documents to ensure compliance with CRA, TILPA, FCR

UDAAP Creating check lists and updating models

Completed testing plans and created testing schedules coordinating with internal and external departments

Identified testing exceptions and re-test as necessary

Documented and distributed appropriate materials to departments

Bank One

Project Manager II

January 2001 – June 2003

Analyzed data and created wire transfer authority levels by job title

Instituted National Wire Transfer policy and procedures for the Private Banking Group

Designed, developed, delivered procedures, job aids and training to 300 Private Banking employees

Selected by management to assist the System Readiness Group on the Bank One Best system conversions

Gathered business requirements, analyzed customer data

Executed, reviewed and communicated expected results from testing cycles

First Chicago

Deposit Service Manager

December 1992 – January 2001

Managed a team of 50 diverse full-time employees within a production environment, correctly posted 1200 retail clients debit and credits and balanced 5000 overdrafts returns through Federal Reserve Bank

Identified and prioritized daily tasks to streamline process

Developed staffing model that incorporated improvements and created a measurement tool

Re-engineered the Retail Bank wire transfer process, combining the front end and back end process into one group

Designed and implemented the consolidation of these functions, eliminating redundancies reducing cost of equipment and space

Evaluated all consumer accounts for IRS regulations regarding Social Security number validation

Coordinated the cleanup of Hogan core system consumer base, which saved the Corporation $5MM in potential IRS fines for invalid or missing Tins

Revamped the selection criteria for Abandoned Property owners which eliminated redundant customer records and accounts selected, which reduced the overall cost of the project by 50%

Managed annual Retail Interest Reporting project

Selected print vendor, coordinating system file runs, created project plans, test scripts and test data

Evaluated testing data, provided the go/no decision

Resulting in all required IRS forms created on time and on budget

Coached and advised team members, identified and resolved monthly budget variances


Bachelor’s Degree in Organizational Management

Concordia University

Associate Degree Associate of Liberal Arts

Morton College

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