Alan Cherry
Mamaroneck,NY
Summary
Detail-oriented Compliance Specialist dedicated to improving policies and procedures in all business areas. Hardworking and driven with quality-focused and proactive approach. Bringing 30 years of experience in Financial Industry. Fantastic critical thinker with great memory and efficiently organized. Able to handle multiple projects simultaneously with a high degree of accuracy. A true professional who is team-oriented, eager and willing to lead and work collaboratively with colleagues to achieve goal expectations successfully.
Overview
28
28
years of professional experience
Work History
Quality Control Analyst
International Private Banking
2014.09 - Current
- Performs end to end quality review of KYC profiles for accuracy, completeness and validity, ensuring that the KYC records adhere to stringent JP Morgan standards for KYC and global regulatory requirements
- Manages personal workload and priority items, and ensures timely escalation of key risks/issues to management
- Keeps informed of and applies any changes to processes, procedures and regulatory change
- Provides responses on areas identified by Audit and Regulator reviews in line with requirements stipulated by the Controls Team
- Partners with management to ensure SOP's are in line with business requirements, monitors metrics reporting, highlights concerns, proposes resolution, tracks progress and supports management with additional tasks such as prioritization, escalations, workflow management, team oversight and group initiatives
- Develops strong partnerships with key LOB's, proactively builds and maintains relationships across the firm
- Identifies and executes process improvements and provides Subject Matter Expert support on key process and technology initiatives
Quality Control Analyst Consultant
McGladrey Consulting - WaMu Client SARs Project
2008.08 - 2008.11
- Quality review of assigned cases where a SARs report has not been issued to confirm the accuracy of reporting
- Analyzed suspicious activity referrals from all business lines and conducted suspicious activity investigations
- In addition, ensure existing SARs have been accurately completed and corresponding support documentation included
- Guidance provided to newly bank Investigative Analysts on various aspects of Anti-Money Laundering, Bank Secrecy Act and Suspicious Activity Reporting issues, as well as, compiling data utilizing the bank’s Quickbase system, SearchSpace, GIFTs EDD, conducting internet searches and general business writing skills.
KYC/AML Analyst Consultant
Deloitte Consulting - SMBC Client Remediation Project
2007.04 - 2007.08
- Compile KYC/AML documentation held internally utilizing SMBC’s internal DMS file image system
- Identify acceptable documentation based Remediation Guidance
- Adhere to detailed timeline to collect KYC/AML documents from Relationship Manager
- Escalate clients to Client Contact unit based on timeline and RM’s response to request
- Perform Quality Review on cases prior to uploading to bank’s CIF System
- Train newly on-board analysts regarding various aspects of project systems
- Third party sources such as World Check, LexisNexis, GIFTs EDD, Google and other approved sources used to collect any available negative information.
Branch Compliance Officer
State Bank of India
2005.10 - 2007.04
- Independently evaluate compliance issues/concerns within the organization are being properly evaluated, investigated and resolved
- Ensure compliance with BSA/AML/EDD policy and procedures, OFAC Regulations and applicable regulations pertaining to Lending and Depository
- Ensure compliance of observations pertaining to Regulatory and Internal Audit examinations along with Inspection and Audit exams
- Monitor the performance of the Compliance Program and relates activities on a continuing basis, taking appropriate steps to improve its effectiveness
- Conduct monthly Branch Compliance Monitoring Committee Meetings, minute proceedings and preparation of action taken report
- Provide relevant compliance developments to CEO and Departmental Heads of New York Branch
- Perform independent testing of compliance areas i.e
- OFAC, KYC-EDD/CIP, FinCEN314a searches, Travel Rule, Risk Rating, Certification from Correspondent Banks Certificates under USA PATRIOT Act [Section 313(a) & 319(b)], Letters of Credit (EAR/AML), New User Registration and Outgoing Remittances, Record Keeping requirements, Testing/Transaction Monitoring (GIFTs EDD), Testing of Policies and Reporting requirements
- Conduct mandatory employee compliance training and maintained records of attendance.
Anti-Money Laundering Consultant
Deloitte Consulting - Standard Chartered Bank’s Transaction Review Project
2005.04 - 2005.08
- Assist correspondent bank in reviewing transactional activity to determine whether suspicious activity involving accounts or transactions at, by, or through the New York Branch was properly identified and reported in accordance with the bank’s BSA policy and applicable suspicious activity reporting regulations
- Collect information on main entities and counter-parties through legitimate sources
- Provide written recommendations based on findings
- Collaborate with a team of 5-7 case reviewers and reported directly to lead case review manager.
Compliance Analyst Consultant
Deloitte Consulting - UBS-IB Client Remediation Project
2004.09 - 2005.04
- Compile acceptable KYC/AML documentation based on UBS Global Remediation Standards utilizing internal sources
- Adhere to detailed timeline for collection of outstanding KYC/AML documents from clients and business units
- Escalation memo generated detailing client contact results and outstanding issues, escalating based on request
- Consolidate relevant KYC/AML documentation into digital and hardcopy file
- Train newly on-board analysts on UBS systems, Remediation Database, GRID, Compliance Register and general business writing skills
- Third-party source; Compliance Register, GRID, Lexis Nexis and other approved sources were utilized to collect available negative information.
Financial Auditor
Bank of New York
1996.07 - 2004.02
- Supervise Audits of various Bank of New York Departments, Regions and Branches
- Examine branch operational aspects with regards to Branch Security, Cash, Record keeping, BSA, Account Documentation and Central Safekeeping Sites
- Examine all aspects of Compliance to Regulations, CC Regulations, KYC guidelines, US Patriot Act, BSA, Record Keeping and Wire Transfers and reported findings
- Identify internal control weaknesses for safeguarding proper Risk Management
- Supervise audit staff, including daily work assignments, annual performance reviews and conflict resolution
- Provide planning and budgeting of various BNY Departmental, Regional and Retail Branch audits
- Generate weekly status report, follow-up and issue memorandums
- Perform administrative duties; scheduling of audit meetings, update procedures and work papers, and approve employee time-sheets.
Education
Bachelor of Arts in Business w/Specializing in Finance -
Mercy College
Dobbs Ferry, NY12.1996
Skills
- 18 years of experience in Audit, OFAC, AML Investigations, KYC, Due Diligence or equivalent, and solid working knowledge of BSA/AML case management systems and preferably at least 10 years performing quality related Compliance reviews.
- Ability to communicate effectively to management both orally and in writing
- Strong analytical skills; excellent follow through and attention to detail, consistent sound judgment, independent decision-making skills, proven leadership abilities, strong organizational skills and excellent time management.
- Excellent time management skills, self-directing and capable of dealing with high pressure, time sensitive tasks
- Quality-focused work ethic with strong controls mind-set
- Able to demonstrate flexibility and operate in changeable environment
- Working knowledge of MS Word, Excel and PowerPoint.
Timeline
Quality Control Analyst
International Private Banking
2014.09 - Current
Quality Control Analyst Consultant
McGladrey Consulting - WaMu Client SARs Project
2008.08 - 2008.11
KYC/AML Analyst Consultant
Deloitte Consulting - SMBC Client Remediation Project
2007.04 - 2007.08
Branch Compliance Officer
State Bank of India
2005.10 - 2007.04
Anti-Money Laundering Consultant
Deloitte Consulting - Standard Chartered Bank’s Transaction Review Project
2005.04 - 2005.08
Compliance Analyst Consultant
Deloitte Consulting - UBS-IB Client Remediation Project
2004.09 - 2005.04
Financial Auditor
Bank of New York
1996.07 - 2004.02
Bachelor of Arts in Business w/Specializing in Finance -
Mercy College
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