Fiona (Yezi) Chen
New York,NY
Summary
Diligent professional in regulatory compliance field known for high productivity and efficient task completion. Possess specialized skills in risk management, policy development, and audit procedures. Excel in critical thinking, problem-solving, and communication, ensuring adherence to legal standards and organizational policies.
Overview
11
11
years of professional experience
Work History
COMPLIANCE OFFICER
CICC US SECURITIES
New York, NY
11.2021 - Current
- Conducted daily client equity trading activity monitoring through the NASDAQ Trade Surveillance & Market Abuse Software (SMARTS) system, and reported suspicious activities by BSA case and SAR filing.
- Managed regulatory inquiries and exams from the SEC and FINRA, including meeting with the examiners and drafting responses for requests.
- Ensured full compliance with equity trading-related SEC Rule 613 and FINRA CAT/CAIS reporting requirements by monitoring data integrity and submission accuracy through daily reconciliations.
- Identified and investigated errors, omissions, and discrepancies in CAT and CAIS submissions in a timely manner.
- Reviewed or filed multiple regulatory reports, including SEC 606 reports, FINRA Compliance Report Cards, and Suppression of Terrorism and Canadian Sanctions Reporting, in a timely manner.
- Assisted with internal and external audits and testing, including the FINRA Rule 3120 audit, internal audits, the annual AML independent test, and the Annual BSA/AML and Sanctions Risk Assessment.
- Conducted regulatory filings of the firm and personnel (Form BD, U4, and U5) with FINRA, and maintained the records.
- Reviewed and monitored employees' personal account-dealing activities, including new account approval, pre-trading approval, and outside business approval, through the My Compliance Officer (MCO) system.
- Assisted the Chief Compliance Officer in updating compliance-related policies and procedures as requirements change or as a result of other trigger events.
- Assisted the Chief Compliance Officer in analyzing the compliance training needs for each business unit, and provided related training.
- Performed onboarding due diligence review on new clients and periodic review on existing clients, including AML and OFAC sanctions screening, beneficial ownership research, risk assessment, and document verification.
- Provided guidance concerning AML/KYC or brokerage firm compliance regulations, processes, and procedures, and collaborated with relevant in-market teams and team members to ensure regulation understanding and compliance.
SENIOR ASSOCIATE
K2 INTEGRITY
New York, NY
06.2020 - 11.2021
- Practiced financial crimes risk management in correspondent banking look-back projects.
- Supported financial institution clients with conducting AML investigations on potentially suspicious transactional activity identified using transaction-monitoring software.
- Conducted client and counterparty research and due diligence, drafted case report narratives, and summarized the findings and assessment of each case investigation.
- Reviewed the alerted and non-alerted activity in conjunction with findings from research conducted using open-source and subscription databases, and documentation received via the request for information (RFI) process.
SENIOR COMPLIANCE ANALYST
CHINA MERCHANTS BANK NEW YORK BRANCH
NEW YORK, NY
03.2017 - 06.2020
- Conducted effective and timely OFAC initial screening and review analysis on daily transactions, including the Bank's U.S. dollar clearing and ACH-related transactions.
- Performed an initial review analysis of the Bank's unusual or suspicious activity through the alerts generated by the Branch's AML system.
- Initiated further investigations and research in an effort to address any account irregularities and determine whether escalation (BSA case or SAR) is warranted.
- Documented all findings in the branch's AML system to ensure complete documentation is secured and maintained, as required by law.
- Assisted the Chief Compliance Officer in conducting the BSA/AML risk assessment of the Branch.
- Assisted and prepared the branch's annual regulation examinations from 2017 to 2019.
- Coordinated and communicated with the Legal and Compliance Department from the Branch's Head Office for the management of the Branch, including preparing quarterly SAR reports and BSA/AML annual reports.
- Appointed as the key contact liaison between the Internal Audit Department from the Branch's Head Office and the Branch's internal audit firm, including preparing quarterly internal audit reports and meetings, and communicating with the Branch's personnel and management on internal audit and external examination-related issues.
BUSINESS ANALYST
CHINA MERCHANTS BANK NEW YORK BRANCH
NEW YORK, NY
05.2014 - 02.2017
- Conducted a financial report analysis on the branch's new trade finance customers.
- Performed the initial onboarding process for new customers, including KYC review through the Branch's AML system.
- Assisted the relationship manager in executing deals and maintained the relationship with customers.
- Prepared the branch's monthly deal transaction balance reports for the head office.
Education
MASTER OF SCIENCE - FINANCE
SIMON BUSINESS SCHOOL, UNIVERSITY OF ROCHESTER
ROCHESTER, NY01-2013
BACHELOR - INTERNATIONAL TRADE AND FINANCE
CENTRAL UNIVERSITY OF FINANCE AND ECONOMICS
BEIJING, CHINA01-2011
Skills
- Certified ACAMS membership
- FINRA SIE and Series 7 certified
- Microsoft Office Suite: Word, Excel, PowerPoint
- Regulatory reporting system: FINRA Gateway, CAT/CAITS Portal, and FinCEN BSA filing
- Transaction monitoring system: NASDAQ SMARTS
- Brokerage-related system: NetX360
- Banking transaction and AML-related systems: Prime, eGift, T-24, and WorldCheck
- Language: Mandarin (native speaker), English (fluent in speaking and writing)
Timeline
COMPLIANCE OFFICER
CICC US SECURITIES
11.2021 - Current
SENIOR ASSOCIATE
K2 INTEGRITY
06.2020 - 11.2021
SENIOR COMPLIANCE ANALYST
CHINA MERCHANTS BANK NEW YORK BRANCH
03.2017 - 06.2020
BUSINESS ANALYST
CHINA MERCHANTS BANK NEW YORK BRANCH
05.2014 - 02.2017
MASTER OF SCIENCE - FINANCE
SIMON BUSINESS SCHOOL, UNIVERSITY OF ROCHESTER
BACHELOR - INTERNATIONAL TRADE AND FINANCE
CENTRAL UNIVERSITY OF FINANCE AND ECONOMICS
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