Lucretia V. Reed Resume of Qualifications

**** ********* ***** **** *****, FL 33637

Cell PH: 813-***-****

Email: adm692@r.postjobfree.com

Summary

An experienced Senior Financial Compliance professional (CAMS certified) with over 10 years of working experience in the financial and banking compliance industry; with extensive knowledge of laws and regulations applicable to Anti-money Laundering, BSA, USA PATRIOT Act, FinCEN, and OFAC, with emphasis of risk assessment, enhanced due diligence, quality assurance/control of transaction monitoring, investigations, and Sanction/OFAC programs. An individual with experience assisting with developing and drafting policies and procedures as well as training BSA/Compliance procedures and policies. Additionally, effective with critical thinking, problem solving, organizational and time management skills, along with, strong research and analytical skills. A very detailed oriented professional with the ability to multi-task in various job functions, and a contributor within a team environment and/or an individually self-starter with limited supervision with the capability of sharing knowledge, mentoring, and training team members; with the ability to present, communicate, and facilitate research findings and documents to Senior Management, colleagues, and industry professionals such as Bank Examiners, Consultants, and Internal Auditors to develop guidelines related to BSA/AML/OFAC compliance programs.

Education

Florida State University Tallahassee, FL

Juris Master Law Degree in Financial Regulation and Compliance

May 2021

University of Central Florida Orlando, FL

B.S. in Criminal Justice

August 1999

Employment History

FIU Quality Control Compliance Consultant-Contractor (Financial Intelligence Unit)

Ettain Group/Sumitomo Mitsui Banking Corporation (SMBC), Jersey City, NJ (Remote) February 2021-June 2021

•Performed quality control and audit reviews of the Bank’s AML-FIU correspondent banking activities/products.

•Prepared and submitted internal and external reports and regulatory filings related to the AML program and manage daily escalation queues.

•Identified, escalated, and participated in addressing, policy and program exceptions.

•Actively identified, measured, controlled, and remediated AML Risk issues with partners in AML Compliance and the Business Unit.

•Ensured quality standards are in accordance with internal controls, as well as compliance policies and procedures, and regulatory requirements.

•Escalated and articulated relevant risks to the appropriate management and stakeholders.

•Review materials to ensure compliance with various regulatory and legal requirements and ensure compliance risks are appropriately identified and addressed.

•Appropriately assessed risk associated to the Bank’s FIU correspondent banking activities and products.

•Applied sound decisions regarding conduct and business practices, as well as, escalating, managing, and reporting control issues.

Senior Analyst, AML/FIU Quality Control (Financial Intelligence Unit and & Enterprise Fraud Management)

Raymond James Financial Services, March 2020-October 2020 St. Petersburg, FL

•Conducted continuing audit and quality control reviews of AML and Fraud case investigations worked by FIU/EFM analysts to ensure reviews were appropriately analyzed and investigated in accordance with internal controls.

•Verified the AML FIU and EFM Analysts performed the appropriate levels of review for each case, which included client/subject and transactional analysis.

•Confirmed the disposition of investigations relating to transaction monitoring scenarios, internal/external referrals, adverse media escalations, and 90-day SAR re-monitor reviews.

•Ensured that all cases were closed or filed in accordance with internal SLA's and the securities and/or banking industry’s regulatory requirements.

•Provided written and verbal feedback/training to the FIU and EFM Analysts.

•Prepared reports for the AML Quality Control Manager and Senior Management.

•Assisted with AML and procedures special projects.

•Maintained and updated written procedures for assigned job responsibilities.

•Functioned as a subject matter expert on AML-related issues and provided mentoring as needed.

•Escalated and articulated relevant risks to the appropriate stakeholders.

•Identified opportunities for increased effectiveness, efficiency, and risk mitigation.

•Assisted with special projects related to BSA/AML compliance and regulation functions

Senior BSA/Compliance Analyst

American National Bank, September 2014-October 2019 Fort Lauderdale/Oakland Park, FL

Performed ongoing risk reviews/assessments, as well as conducted case investigations on clients/accounts to evaluate clients’ risk levels and requested updates to KYC profiles, as accordingly.

Reviewed financial and client documentations (KYC, CIP, Loans) to ensure BSA/AML compliance with various regulatory and legal requirements.

Performed ongoing audit and quality assurance assessments on monitoring system activity to ensure alerted activities were cleared within standard of compliance and internal controls established by the Bank.

Ensured the Bank’s BSA/AML compliance risks were appropriately identified and updated accordingly to regulatory and legal requirements.

Assisted BSA Compliance Officer with OFAC, SAR, and CTR tracking logs as well as compliance testing, and internal and external reporting as required by the Bank’s compliance program.

Coordinated, supervised, and assisted with BSA/AML/OFAC training across bank personnel as well as implementation of policies and procedures related to BSA/AML compliance program.

Served as the point of contact for OFAC/SDN inquiries and BSA/AML compliance concerns from bank personnel.

Reviewed and documented potential matches related to OFAC hits and tested the core system to verify OFAC updates and contacted OFAC to obtain information on transactions/entities/individuals related to sanctioned provisions.

Interacted/Communicated with Bank Examiners, Internal Auditors, consulting firms, Senior Management, etc., regarding the Bank’s BSA/AML compliance, as well as, pulled and gathered files as needed for Bank examinations.

Provided input and recommendations to Senior Management related to BSA/AML regulations and laws with assisting with the workflow process to improve efficiencies, policies, and procedures, and mitigate compliance risk.

Provided mentorship and training to the Junior BSA Analyst related to due diligence process, transaction monitoring activity, high-risk reviews, case investigations, as well as research with identifying suspicious transactions, trends, risk, etc.

Worked with Third Party Risk Management on renewing vendor relationships and conducted research on third party vendors to verify and/or address adverse media detected.

Senior BSA Analyst

Gibraltar Private Bank and Trust, January 2013-September 2014 Coral Gables, FL

Independently conducted investigations on clients related to subpoenas, full relationships, wealth management, branch referral, and escalated monitoring reviews, as well as high risk clients’ and 314b requests.

Prepared, wrote, and documented case reviews which included compiling supportive documentations and data such as internet research, transactions, KYC information, internal databases, and amongst others.

Wrote, reviewed, and submitted Suspicious Activity Reports (SAR’S) and recommended initial account retentions or closures and tracked account closures and SAR filings.

Independently analyzed and assessed complex cases and/or activity to assist with identifying unusual activity and/or trends of concern.

Provided SME guidance and support, in addition to coaching Junior Analysts to help identify red flags and suspicious transactions.

Ensured any potential risk were properly identified, reported, managed, and appropriate controls were in place to address any risk issues.

Contacted bank personnel as needed to obtain additional information to support case reviews/investigations.

Communicated with Senior Management and BSA Officer on investigations, compliance, legal, and business sectors concerning AML.

BSA/AML/OFAC Consultant

Robert Half Management Consulting Resources/BankUnited, April 2012-January 2013 Miami, FL

Reviewed reports related to OFAC and 314(a) and escalated entities and/or individuals of concern for further review.

Conducted investigations on inquiries as well as look-back reviews on closed accounts for potential hits related to OFAC.

Researched, verified, and monitored international wire transactions related to OFAC regulations and procedures prior to clearance.

Supported and consulted with the dissemination of OFAC/SDN updates with Bank BSA Officers.

Assisted with developing and enhancing OFAC automation and due diligence, such as reviewing specifications and making recommendations.

Prepared correspondence; including self-disclosures, responding to OFAC queries and other OFAC related matters.

Conducted follow up communications between Management, Banking Personnel and Account Officers to obtain information on new clients and existing account holders.

Senior AML SAR Quality Assurance Specialist (AVP) - Global Anti Money Laundering (AML) Operations

Citigroup/Citibank, December 2010-February 2012 Tampa, FL

Performed audit and quality assurance assessments of case investigations submitted to the SAR Department for SAR Filings to evaluate cases were within compliance with regulations and policies to ensure adherence with internal business requirements.

Submitted, updated, approved and/or rejected SAR’s and case investigations that were submitted for SAR filings as well as served as a SME for AML Compliance Analysts.

Ensured analysts utilize the proper recommended dispositions and corrections/revisions as well as documentations for SAR’s filings and case investigations.

Conducted follow-up reviews and communicated with Global Compliance officers to obtain information on account holders and transactions that were deemed of concerned.

Complied and obtained information and documented from a variety of sources, as well as communicated extensively with the Bank Attorneys, Senior Management, Compliance, other business personnel, and Law enforcement, for drafting Suspicious Activity Reports which included fact-checking and editing SAR’s.

Notified and communicated all potential risks to AML management for additional training of Analysts as well as provided quality assurance reports to AML Analysts and AML Managers.

Assisted with the development and maintenance of SAR filings and workflow process.

Participated in weekly QA meetings with QA manager, SAR Committee Board, and Citibank Legal department to discuss SAR filings and investigations.

Provided best practices methods within the AML operations department to improve analysis and research of investigations that were submitted for SAR filings.

Ensured the unit's overall SAR filings deadlines as well as submissions of SARs to FinCEN.

AML Quality Assurance Specialist, Global Anti Money Laundering (AML) Operations

Citigroup/Citibank, July 2006-December 2010 Tampa, FL

Performed monthly quality assurance assessments of Global Transactions Services monitoring reviews to ensure alerted transactions were cleared within standard of compliance and internal controls established by the Bank.

Supported the Quality Assurance Manager in the completion of the QA departmental duties and functions.

Proactively identified and responded to issues related to QA reviews that were of concerned to potential risk of quality performance of reviewed activity conducted by AML Compliance Analyst.

Tracked and provided guidance as well as trained on AML/BSA requirements for transaction monitoring set by the AML department policy and procedure.

Provided AML Management and Analysts with monthly review and assessment reports concerning work performance for transaction monitoring reviews.

Communicated between AML Operations, Training, and Senior Management to coordinate transaction monitoring goals and objectives, as well as mentored and provided analysts with continuous process for quality improvement of activity analysis.

Skills & Certifications

CAMS certified, Advanced Windows based applications Skills (Word, Excel, etc.). Well develop database query skills (Lexis-Nexis, Jack Henry/Silverlake, Yellow Hammer, Actimize, Mantas, Thomas Reuters, Westlaw, and Global Patriot Officer). Extensive knowledge with investigation research, problem-solving while working in a timeframe and fast paced environment. Excellent communication and writing skills, as well as, extensive internet research, quality assurance, SAR and case report writing skills.

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