Transaction Monitoring Compliance Officer

Eddie Hua, CAMS

AML/KYC/EDD/OFAC Transaction Monitoring OFAC Investigation

New Hyde Park, NY 646-***-**** ***********@*****.*** linkedin.com/in/eddie-hua-63054a8

Professional Summary:

Driven AML/KYC professional with many years of experience in BSA on transaction monitoring, KYC, EDD, OFAC Investigation, data interpretation, and risk assessment. Successfully reduced error rates and unresolved suspicious activity reports, ensuring compliance with regulatory standards. Passionate about maintaining high standards in financial compliance and data accuracy.

Experienced in the Brokerage Operations Industry. Handled daily cash management activities, Margin calls, including liquidity reporting, cash projections, IPO purchases, wire transfers, Prime Broker Margining, IRA accounts and journal entries to ensure compliance with NYSE, NASD, SEC, Patriot Act requirements. (Series 7 licensed)

Fluent in Chinese/Mandarin (Proficiency in reading/translating AML documents in Chinese)

Broad financial services knowledge and industry best practices for continuously improving a proactive BSA/AML program via AML software (Prime, Actimize, MANTAS, SAS, Dow Jones, Yellow Hammer and LexisNexis.

Work Experience:

Bank Hapoalim USA New York, N.Y October 2023 – Feb 2024

Senior Compliance Officer

Conducted Investigations of system-generated profile exceptions, flags and real time FircoSoft blocked items. Conducted investigations of departmental and legal referrals relating to fraud, subpoenas, and other Financial Crime matters.

Updated and tested on OFAC SDN list for any entities or individuals to ensure names are captured by the bank alert system.

Performed independent reviews and analysis to ensure compliance with the Bank Secrecy Act and USA PATRIOT ACT.

Reviewed and manage USA Patriot ACT 314(a) and 314(b) inquiries.

Thoroughly document the review and analysis in detailed and structured matters, including the subsequent course of action such as reporting the activity or closing the account.

Prepared and drafted Suspicious Activity Reports (SARs).

Assisted in training and other Compliance related assignments.

Support and respond to audit and regulators examinations

ACG Resources / Guidepost Solutions New York, N.Y January 2023 – April 2023

Team Leader- Sr. Compliance Investigator

Responsible for investigating and reporting using internal systems, databases, and other resources to support the AML Compliance Department, and high-risk customer surveillance program to minimize the Bank’s exposure to entities and people suspected of or affiliated with terrorism, money laundering or other financial crimes.

Performed quality control reviews daily.

Proactively assist in identifying financial risk and helping senior management respond in a proactive manner.

Monitored wire activity for suspicious transactions relating to Money Laundering & Terrorist Financing on the bank system.

Trained and supervised new AML investigators.

Report on management on potential SAR filing.

Inform management of any deficiencies, problems, or concerns that may be of possible risks.

AML Right Source / Sumitomo Mitsui Banking Corp New York, N.Y Sept 2021 – January 2023 FIU Compliance Investigator -Consultant

Analyzed alerted transactions related to Correspondent Bank client activity to ascertain whether the activity is suspicious.

Monitored wire activity for suspicious transactions relating to Money Laundering & Terrorist Financing on the Internal bank, submit RFI request when needed.

Researched firm and account records, performing background checks on customers and preparing investigation summaries.

Performed detailed research on suspicious activity and drafted Suspicious Activity Reports (SAR) when deemed necessary.

Participated in Remediation Project

InterAudi Bank New York, N.Y Sept 2020 – March 2021

AML Investigator-Consultant

Responsible for monthly FIU Alert clearing by using the bank’s internal AML system and open-source resources.

Monitored wire activity for suspicious transactions relating to Money Laundering & Terrorist Financing on the Internal bank, submit RFI request when needed.

Performed detailed research on suspicious activity and drafted Suspicious Activity Reports (SAR) when deemed necessary.

Identified, analyzed, and reported suspicious transactions in a timely fashion.

Whitecap Resources / K2 Intelligence/Deutsche Bank New York, N.Y Sept 2019 - Sep 2020

Lookback project Investigator

Responsible for investigating and reporting using internal CMT system, databases, and other resources to support the AML Compliance Department, and high-risk customer surveillance program to minimize the Bank’s exposure to entities and persons suspected of or affiliated with terrorism, money laundering or other financial crimes.

Monitored wire activity for suspicious transactions relating to Money Laundering & Terrorist Financing on the Internal CMT system, submit RFI request when needed.

Reviewed and analyzed compliance monitoring reports and other related source documents for suspicious and unusual patterns of activity.

ACG Resources / Megabank New York, N. Y Mar 2018 - Feb 2019

BAU- Alert Investigation - Senior Compliance Officer (AVP)

Managing investigative BAU productivity, dealing with any associated performance and development issues

Provide guidance and support in the detection and reporting of suspicious activity as well as SAR decision Maintain currency in laws and regulations pertaining to anti-money laundering compliance.

Contributed to various AML training modules and communications by providing material on timely subjects, incidents and other relevant topics as necessary.

Define rollout, training, and communication strategies for new or modified processes.

Provided statistics and metrics on a monthly and quarterly basis.

Assigned monthly BAU cases generated in Prime to 20 analysts.

Oversee the team and leads 2nd-line oversight activities and monitoring of the AML/ATF/Sanctions/BAC compliance programs for covered transactions and legal entities, including managing critical program initiatives and handling complex/high-risk matters and escalations.

ACG Resources / Safe Banking Systems New York, N.Y Jul 2017 - Mar 2018

AML/ Sr. Compliance Investigator

Conducted name search through various and reliable sources to judge authenticity of potential true hits.

Help conduct analysis of customer profiles that match individual names and entities identified by government sources and reports as suspected or affiliated with terrorism, money laundering or other financial crimes.

Responsible for conducting necessary EDD research and Alert clearing by using SBS-AFE Advanced Solutions, an integrated suite of software and services to identify and manage risk; optimize filtering of large databases, improve name matching, reduce false positives, and streamline investigation; and handle an organization’s AML and compliance needs for list management, entity resolution, research, investigation, and reporting.

Report findings such as high-risk individuals, money launderers, fraudsters, terrorists, drug kingpins and PEPs

ACG Resources / Bank of China New York, N.Y Oct 2016-July 2017

FCB Case Investigator-Team Lead-consultant

Analyzed alerted transactions related to Correspondent Bank client activity to ascertain whether the activity is suspicious.

Proactively assist in identifying financial risk and helping senior management respond in a proactive manner.

Monitored wire activity for suspicious transactions relating to Money Laundering & Terrorist Financing on the Prime system,

Trained and supervised new AML investigators.

Reviewed and analyzed compliance monitoring reports and other related source documents for suspicious and unusual patterns of activity.

Performed detailed research on suspicious activity and drafted Suspicious Activity Reports when deemed necessary.

Identified, analyzed, and reported suspicious transactions in a timely fashion.

ACG Resources / China Construction Bank New York, N.Y Dec 2015-Aug 2016

Alert Investigator-consultant

Alert investigations-Request of RFI through head office

Researched firm and account records, performing background checks on customers and preparing investigation summaries.

Surveillance designed to identify potential terrorist financing, money laundering or other suspicious asset movements.

Assisted with Chinese Commercial Code and KYC document translations.

ACG Resources / Bank of Tokyo-Mitsubishi UFJ New York, N.Y Jun 2015 - Dec 2015

Sanction & OFAC Payment Investigator-consultant

Reviewed transactions to ensure compliance with Sanctions and Internal Risk Assessment guidelines.

Analyzed trade finance documentation, invoices, and related shipping data.

Tracked and monitored goods shipped by land, air, and sea to verify OFAC compliance throughout the international shipping process.

Assessed stopped payments in accordance with SSI guidance.

Screened individual and entity names and dispositioned payments for processing, block or return.

Request for RFI and/or supporting documentations through head office

ACG Resources / China Construction Bank New York, N.Y Mar 2014 - May 2015

Case Investigator/QA -consultant

Evaluated transactions and customer relationships for money laundering activities and identified red flag issues and escalated within the AML Group

Trained and supervised new AML investigators.

Reviewed and analyzed compliance monitoring reports and other related source documents for suspicious and unusual patterns of activity.

Performed detailed research on suspicious activity and drafted Suspicious Activity Reports when deemed necessary.

ICS Compliance / KBC Bank New York, N.Y Mar 2014 - May 2015

Wholesale banking Alert Investigator-consultant

Analyzed alerted transactions related to Correspondent Bank client activity to ascertain whether the activity is suspicious.

Utilized bank systems, subscription and public databases, and other tools to research clients, counterparties, and related entities to the transactions.

Thoroughly and succinctly documented the research and analysis related to financial activity.

Consulted with senior team members and drafted SAR narratives detailing the suspicious activity and transactions of client accounts.

Made SAR/no SAR decisions after investigating possible suspicious financial activity.

ICS Compliance / Bank of East Asia New York, N.Y Jul 2011 - Aug 2011

Retail Banking Investigator-consultant Researched account records, performing background checks on customers and preparing investigation summaries.

Surveillance designed to identify potential terrorist financing, money laundering or other suspicious asset movements.

Assisted with Chinese document translations.

Deloitte Touche / Ernst Young New York, N.Y Aug 2010 - Mar 2011

Correspondent Banking Investigator-consultant

Responsible for investigating and reporting using internal systems, databases and other resources to support the AML Compliance Department, and high-risk customer surveillance program to minimize the Bank’s exposure to entities and people suspected of or affiliated with terrorism, money laundering or other financial crimes.

Mark Shaw Associates Inc. / American Express New York, N.Y Sep 2008 - Nov 2008

Credit card Fraud Investigator-consultant

Reviewed and analysis of Look-back and current Credit Cards transaction status to identify potentially suspicious identity fraud activity.

Surveillance designed to identify potential terrorist financing, money laundering or other suspicious asset movements.

Mark Shaw Associates Inc. / HSBC New York, N.Y Sep 2008 - Nov 2008

Private Banking- KYC/EDD-consultant

Remediate complex corporate structures and related documentation to ensure U.S. Patriot Act, KYC & BSA requirements.

Conducted enhanced due diligence reviews on higher risk clients including analyzing sources of wealth, beneficial ownership, and other risk relevant information.

Performed (EDD) enhanced due diligence KYC screening on new and existing US & Non-US clients.

Performed a refresh on the information held on existing clients to ensure that the KYC information continues to meet current CIP regulatory obligations and standards.

Worked closely with internal Surveillance Department, Credit Officers, and Business Unit to identify and interpret the relationship of the Hedge Funds through approved external information sources.

AXA Equitable New York, N.Y June 1999 - July 2004

Sr. Brokerage Credit Specialist: Team Leader

Assisted AML Officer and Unit in the monitoring of unusual and suspicious trading activities.

Referred suspicious activity with a detailed summary analysis and supporting documentation to the AML department.

Proficient, timely handling of investigations involving suspected Master/Visa card related fraud.

Worked with various law enforcement agencies, internal and external legal counsel, and business management to track outcomes from identified fraudulent activities.

Responded to all inquiries and requests received from Sales Force, including balances, check requests, wired funds requests.

Liaison between Sales Force and clearing firm regarding margin calls, Reg. T extensions, and balances.

Weiss, Peck & Greer Investments New York, N. Y. April 1996 - June 1999

Sr. Brokerage Operations Specialist (AVP)

Demonstrated strong working knowledge of Federal Reserve Board Regulation T, NYSE Rule 431, Rule 15c3-3 and Investment Advisors Act Of 1940

Ensured compliance with NYSE, NASD, SEC, Patriot Act requirements, through DK Management, extension filing and liquidation when appropriate.

Prepared & monitored all inbound ACAT and Non-ACAT transfers.

Interfaced extensively with Operations Groups, including Clearance, Margin, Mutual Funds, Treasury, Dividends, Re-Org, and Options teams.

Fidelity Investments / National Financial Services Corporation New York, N. Y. March 1993 – April 1996

IRA Retirement/Prime Broker Specialist

Prepared and analyzed potential risk report for all DVP & RVP Accounts & comply with NYSE guidelines.

Handled daily cash management activities, including liquidity reporting, cash projections, IPO purchases, wire transfers, Prime Broker Margining, and journal entries.

Ensured compliance with NYSE regulations pertaining to the Letter of Free Credit and Prime Broker agreements.

Maintained books & records of processed letters of authority, journal requests, wired funds, and third-party check requests.

Education:

State University of New York at Buffalo June 1992 -Buffalo N. Y

B.A. Geography & Certificate Concentration in International Business World Trade & Commerce

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