Francis Carrelli
Kannapolis,NC
Summary
Quality-driven Compliance Analyst familiar with tracking, documentation and reporting requirements. Assesses work, materials and procedures and recommends adjustments to maintain compliance. Over 7 years of experience and motivated, energetic mindset.
Overview
8
8
years of professional experience
Work History
KYC Compliance Analyst
USAA
12.2021 - Current
- Assist Enterprise AML Compliance and KYC Operations Teams by performing periodic review and high- risk trigger investigations for current customer base within USAA
- KYC Reviews are conducted based on red flag alerts created by a customer’s transaction history and activity within USAA accounts
- Reviews are then conducted on an annual basis to properly monitor on a Know Your Customer model
- Main objective of a high-risk KYC Review is to understand the risk presented by USAA’s Customers activity
- By looking at the risk created by the customers activity we can perform a holistic review of the
- Customer relationship and decide whether the customer is a liability to the bank
- Performs a variety of duties to assist the Enterprise with compliance of the Bank Secrecy Act (BSA),
- Office of Foreign Assets Control (OFAC), USA PATRIOT Act, and other anti-money laundering program requirements
- Work with supporting business units to track and communicate regulatory changes to properly assist with day-to-day issues affecting internal and external business partners.
RCA (Risk Compliance Audit)
US Bank
05.2018 - 11.2021
- Responsibilities include conducting enhanced due diligence reviews, performing account evaluations, conducting complex investigations, and processing escalations stemming from adverse media
- Partnered with U.S
- Bank AML Intelligence Department and other business lines, Risk/Compliance/Audit professionals, and RCA Managers to oversee ongoing enhancement of the AML systems, to identify and report suspicious money laundering and terrorist financing activity
- Exercise critical thinking skills by making decisions in all aspects and phases of AML/BSA engagements, including: dynamic problem solving, risk assessment, quality control, and data and information evaluation
- Mitigated exposure by escalating activity to leadership where appropriate
- Identified policy and procedural enhancements based on business challenges and AML/BSA, Government
- Sanctions, including OFAC requirements
- Ensured proper process controls were continually identified and implemented to mitigate operational risk
- Detail oriented and self-directed along with having Strong process facilitation, project/process management, and analytical skills
- Proficient Broker dealer experience, along with, assessing a variety of special requirement high risk customers.
CTA/AML Consultant
US Bank, Confidential
05.2017 - 05.2018
- Assist in the implementation of an effective risk management framework for US Bank AML operations team
- Performs work on AML/CTR projects and initiatives and assists in the assessment and implementation of internal policies and procedures to ensure compliance with laws and regulations
- Provides guidance, support and recommendations to Lines of Business and assist in the utilization of
- Risk/Audit compliance initiatives
- Responsible for the reporting of currency transactions and suspicious activity in accordance to the Bank
- Secrecy Act
- Partnered with our Client Outreach team in occurrence to any high-risk customers who propose great risk to US Bank
- Worked in creating new procedure for US Bank Enterprise Financial Crimes Compliance Know Your
- Customer Procedure Implementation Policy (PIP)
- USAA
Capital Markets Middle Office Analyst
Wells Fargo Securities, LLC
08.2016 - 05.2017
- Perform daily reconciliation of cash balances, collateral balances, margin calls, positions, allocations, FX conversions, and interest rates for Wells Fargo’s Listed Derivatives, OTC, TBA and REPO clients
- Primary point of contact for daily ad hoc queries from Institutional & Investment Banking clients (Hedge
- Funds, Investment Firms, Pension Funds, Endowments and Sovereign Wealth Funds); single point of contact for all Listed Derivatives, OTC, TBA and REPO inquiries and requests into Wells Fargo
- Responsible for training on-shore and off-shore team members on the guiding principles of Collateral
- Management
- Reviewed various global Collateral Management processes with a focus on enhancing the client experience, reduce operational risk and ensuring consistency throughout the global Collateral Management platform
- Partnered with Quality Assurance team to regression test software development, Lombard Risk COLLINE release, and other code changes to ensure flawless delivery of technology enhancements.
AML Compliance Analyst
Wells Fargo Retirement & Trust
01.2016 - 08.2016
- Support and tracking and updating IRT’s Due Diligence files to ensure compliance with the corporate
- CIP/CDD standards Wells Fargo seeks for the Institutional Retirement and Trust (AML) (BSA) remediation of IRT customer Data Collection project
- Completed remediation for relationship accounts to identify additional customers within the relationship
- Dealt with 13,400 accounts along with 10,000 relationship accounts
- Excellent problem-solving skills with the ability to make decisions and make forward with actions
- Ability to work and manage multiple and competing priorities
- Proficient with Microsoft, Excel, Lexus Nexus, World Map and SAR reports.
Education
Criminal Justice, Financial Crime & Business Administration
Western Carolina University
Skills
- Anti-Money Laundering (AML)
- Know Your Customer (KYC)
- Enhanced Due Diligence (EDD)
- Customer Due Diligence (CDD)
- Bank Secrecy Act (BSA)
- USA PATRIOT Act
- Economic Sanctions (OFAC)
- Suspicious Activity Report (SAR)
- High Risk Client Review
- Training & Development
- Clear
- Lexis Nexis & Actimize
- Risk Assessments
- Regulatory Operations
- Regulatory Compliance
- Quality Control (QC/QA)
- Project Management
- Audit Planning & Testing
- Control Evaluation
- USAA Classification: Confidential
- Issue Remediation
- NICE
- FUSION / HOGAN KYC
- Casper / Eclipse KYC
- Microsoft Office
- Bloomberg Collateral
- Intermediate macro skills
Timeline
KYC Compliance Analyst
USAA
12.2021 - Current
RCA (Risk Compliance Audit)
US Bank
05.2018 - 11.2021
CTA/AML Consultant
US Bank, Confidential
05.2017 - 05.2018
Capital Markets Middle Office Analyst
Wells Fargo Securities, LLC
08.2016 - 05.2017
AML Compliance Analyst
Wells Fargo Retirement & Trust
01.2016 - 08.2016
Criminal Justice, Financial Crime & Business Administration
Western Carolina University
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