ELIZABETH ARENCIBIA
Chicago,IL
Summary
Seasoned Anti Money Laundering Specialist with over 15 years of experience in finance, compliance and financial crimes detection. Skilled in working under pressure and adapting to new situations and challenges. Excellent communication and customer focused skills. Proven track record of job achievement and success.
Overview
17
17
years of professional experience
1
1
Certification
Work History
Associate Director - AML/KYC Lifecycle Manager
UBS
06.2020 - Current
- Built external client relationships by responding to inquiries, identifying and assessing clients' needs, resolving problems, and following up with potential and existing clients.
- Organized daily workflow of UBS's AML/KYC processes in the onboarding and lifecycle of over 200 Asset Management Clients.
- Maintained sensitive client files with investment contracts, records of client interactions, client notes, and other information.
- Communicated progress of weekly, monthly and quarterly initiatives to internal teams.
- Collaborated with upper management and built internal client relationships to implement continuous improvements and exceed team goals.
- Enhanced employee performance through targeted training programs and regular feedback sessions, resulting in higher productivity levels.
- Led the successful acquisition of a smaller competitor, integrating their assets seamlessly into existing operations.
- Mentored junior staff members, providing guidance on professional development opportunities and career progression paths within the company.
- Maintained compliance with industry regulations while adapting to changes in legislation or best practices as needed.
- Prioritized tasks and allocated resources appropriately to keep teams focused and productive.
KYC Officer
JP Morgan Chase
11.2017 - 06.2020
- Managed over 300 client portfolios for Chase's Commercial Bank in the Chicago and Minnesota Market
- Managed and consulted on the client and partner expectations for both domestic and international banking needs
- Enhanced client onboarding process by streamlining KYC documentation collection and verification.
- Reduced risk exposure by diligently reviewing client information for potential red flags and escalated issues as necessary.
- Expertise in global KYC/AML processes providing seamless client on boarding and ongoing due diligence renewals
- Working through delays and/or inefficiencies with global teams to deliver first in class client service while adhering to BSA/AML laws and regulations
- Working with executive management and teams across Chase Banking to assign appropriate risk items within client portfolio
- Managing client risk effectively by supporting team of bankers in client selection process
- Independently managing the renewal cycle of due diligence for client portfolio throughout the year
- Management of timely portfolio reviews of new and current clients while maintaining quality expectations
KYC Analyst
BP
Chicago IL And Houston TX
07.2007 - 09.2017
- Identifying and reporting key financial fraud and AML risk within BP's counterparty base
- Monitoring potential trades with unauthorized counterparties, lead on resolving and reporting unauthorized transactions within BP's systems
- Created a global auditing system for BP's counterparty base, with the ability to report on needed metrics.
- Undertaking counterparty research, having direct contact with counterparties and working with the Front Office in pulling together KYB information to support their counterparty requests
- Reviewing and applying adverse media to existing counterparty files, providing counterparty specific sanctions advice where appropriate
- Extensive knowledge of Dodd-Frank regulatory transaction level requirements and implementation for financial trading.
- Accurate and timely processing of counterparty due diligence requests in accordance with BP's policies and procedures
- Effectively and accurately entering all counterparty reference data.
- Managed ongoing review project for BP North America of over 6000 counterparties.
- Developed training for commercial team on Counterparty Due Diligence procedures
Credit Analyst
BP
9 2005 - 6 2007
- Evaluated the creditworthiness of each counterparty, assigned a risk rating, and established an appropriate credit limit for each counterparty
- Monitored the exposure for each counterparty (i.e. Compared exposure to applicable credit limit)
- Measured the exposure for each counterparty and maintained and updated the systems to perform such measurements
- Produced relevant accurate reports of such exposure, and predicted potential future exposure of each counterparty
- Mitigated exposure to each counterparty where necessary through appropriate credit mitigation tools (i.e. Margining, prepayments, letters of credit, guarantees, etc.), which included maintaining files of letters of credit, guarantees, and other security documents
- Addressed the day-to-day processes of taking in collateral, hedging credit risk and responding to the business in a timely manner as opportunities arose
International Credit Analyst
Navistar
6 1998 - 9 2005
- Assessed the credit risk of Navistar's international clients and established credit limits
- Analyzed customer financial statements
- Provided financial order management support to Navistar's Supply Chain and Sales and Marketing personnel to control credit exposure
- Insured timely payments, and minimized risk of customer disputes
- Conducted collection calls and customer visits to collect Accounts Receivables
- Negotiated customer disputes in order to drive for resolution and document root causes
- Provided customer service and developed relationships with internal/external customers and suppliers
- Marketed, trained, counseled, advised, and communicated credit department policy and procedures to company personnel
- Participated in major department projects and took an active role in cross-functional teams to assist in driving quality improvements, processes, and initiatives.
Education
Bachelor of Science - Business
Elmhurst College
Elmhurst, ILBachelor of Arts - History
University of Illinois
Chicago, ILSkills
- Fluent in Spanish
- Strong Team Player
- Support Change and Innovation
- Excellent Communication and Written Skills
- Strong Customer Focus
- Strong Analytical Skills
Certification
CAMS(Certified Anti-Money Laundering Specialist)
Affiliations
Member of Association of Certified Anti Money Laundering Specialists, ACAMS
Timeline
Associate Director - AML/KYC Lifecycle Manager
UBS
06.2020 - Current
KYC Officer
JP Morgan Chase
11.2017 - 06.2020
KYC Analyst
BP
07.2007 - 09.2017
Credit Analyst
BP
9 2005 - 6 2007
International Credit Analyst
Navistar
6 1998 - 9 2005
Bachelor of Science - Business
Elmhurst College
Bachelor of Arts - History
University of Illinois