Summary
Overview
Work History
Education
Skills
Certification
Timeline
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Ammar Ayub - CAMS, CFE, CISCO

North Bergen,NJ

Summary

Results-driven senior risk and control manager bringing proven skills in administering Financial Crimes risk management programs. Effective in training team members to proactively identify and highlight potential risks. Dedicated to long-term risk management by building strong internal protocols and instilling culture of responsibility and attentiveness.

Overview

13
13
years of professional experience
1
1
Certification

Work History

VP - Global Financial Crimes Business Risk Officer

Citigroup
New York, NY
07.2021 - Current
  • Lead a group of junior analysts to provide expert advice on AML and Sanctions Compliance polices to the Banking, Capital Markets and Advisory (BCMA) line of business.
  • Prepare the annual BSA/AML and Sanctions Risk Assessments by gathering relevant qualitative and quantitative data to determine the Inherent Risk, Control Environment, and Residual Risk ratings.
  • Develop and maintain First Line financial crimes related policies and standards such as the Payment Intermediaries Standard which sets forth the risk-mitigation requirements for customers who are involved in payment intermediation.
  • Serve on the New Product Approval Committee to evaluate Financial Crimes risk for new and existing products.
  • Assist with the implementation of key AML and Sanctions initiatives across BCMA globally such as Client Lifecycle Simplification (e.g., streamlining of onboarding process) and Sanctions Screening.
  • Partner with Control Groups (Compliance, Sanctions, KYC and Legal) to enhance processes and controls including development of business requirements for technology enhancements.
  • Address controls gaps by drafting and implementing appropriate corrective action plans to mitigate FinCrime risk.
  • Address complex regulatory and audit issues in a timely manner
  • Provide training to Bankers related to FinCEN Beneficial Ownership and Counterparty Clearance requirements.

VP - Global Financial Crimes Auditor

Société Générale
New York, NY
07.2019 - 06.2021
  • Performed MRIA and MRA issue validation testing and prepared clear and concise reports for regulators (FRBNY and NYDFS).
  • Independently led the integrated Know Your Customer (KYC) audit consisting of a team of 8 auditors overseeing all aspects of the audit process.
  • Ensured the design and operating effectiveness of the first and second line of defense controls related to the customer life cycle (e.g., Customer Identification Program (CIP), Customer Due Diligence (CDD) and Enhanced Due Diligence).
  • Prepared high quality and impactful audit reports with executive summaries that effectively address the key issues to be raised to management's attention.
  • Served as the AML subject matter expert (SME) and provided guidance on any AML related queries and issues from the business.
  • Participated in the department's continuous monitoring program highlighting ongoing changes in internal and external environment and evaluated the impact of changes on the business and company.
  • Ensured cohesive audit workpapers are prepared and provided final supervisory review of all key documents and audit checklists.

AVP - Senior Financial Crimes Auditor

MUFG Union Bank
New York, NY
04.2016 - 06.2019
  • Evaluated the Bank's BSA/AML Compliance Program through testing of the following processes and controls: Governance, Risk Assessment, Know Your Customer (KYC), Quality Assurance and Training.
  • Acted in an Auditor-in-Charge role leading a team of six (6) auditors on the Transaction Monitoring and SAR Reporting audit.
  • Assessed the Bank's compliance with OFAC requirements through a review of processes related to sanctions escalation, sanctions investigations, reject and blocked accounts.
  • Executed alert disposition testing to ensure AML related alerts were appropriately closed and in a timely manner.
  • Performed MRIA and MRA issue validation testing.
  • Performed a gap analysis of Bank of Tokyo's Anti-Money Laundering Program to ensure compliance with Federal Financial Institutions Examination Council (FFIEC) Manual and USA PATRIOT Act.
  • Third-Party Risk Champion for the BSA/AML audit team.

AVP - Senior Auditor

Bank of America
New York, NY
07.2011 - 04.2016
  • Conducted Anti-Money Laundering reviews of Merrill Lynch, Pierce, Fenner and Smith, Inc.
  • Project leader for the 2015 Global Commercial Banking Sarbanes Oxley Act (SOX) testing managing over 160 controls while communicating findings to upper management and PwC.
  • Executed KYC and CIP requirement testing on new brokerage accounts for individuals and entities.
  • Performed audits for Business Banking, Middle Markets, Asset Based lending and Commercial Real Estate businesses covering processes such as Client Management, Credit Underwriting, Credit Monitoring, Portfolio Management and Criticized Assets.

Education

Bachelor of Business Administration - Accounting

Baruch College (CUNY), Zicklin School of Business
01.2011

Skills

  • Leadership
  • Audit / Quality Assurance
  • Risk and Controls
  • Project Management
  • Compliance Testing
  • Regulatory matters
  • Risk Assessments
  • Issues Management
  • Data Analysis
  • Staff Development / Mentoring

Certification

  • Certified Anti-Money Laundering Specialist (CAMS), 2015
  • Certified Fraud Examiner (CFE), 2017
  • Certified International Sanctions Compliance Officer (CISCO), 2018

Timeline

VP - Global Financial Crimes Business Risk Officer

Citigroup
07.2021 - Current

VP - Global Financial Crimes Auditor

Société Générale
07.2019 - 06.2021

AVP - Senior Financial Crimes Auditor

MUFG Union Bank
04.2016 - 06.2019

AVP - Senior Auditor

Bank of America
07.2011 - 04.2016

Bachelor of Business Administration - Accounting

Baruch College (CUNY), Zicklin School of Business

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Ammar Ayub - CAMS, CFE, CISCO