Jacqueline Wayne
Mansfield,TX
Summary
Banking Professional with over 25 years of successful experience in large bank setting and management professional, with regulatory and oversight experience. Abundantly versed with federal regulatory, audit, and compliance examination review that applies my solid understanding of compliance standards, policies, and regulations to safeguard compliance BSA/AML laws and regulations. Actimize, SharePoint, OFAC, Experian, World-Check, LexisNexis.
Overview
8
8
years of professional experience
Work History
AML Investigator/QA Analyst (Flex Role) (Contract)
MBO Partners (Bank of America)
Dallas, TX
07.2024 - 08.2024
- Conducting comprehensive AML investigations which includes pulling transactional data and KYC records from the bank systems, analyzing transaction information, data, researching open source and media checks, and based on this research, making a recommendation for either Suspicious Activity Reports (SAR) or no SAR.
- Drafting comprehensive and clear investigative summaries detailing findings and recommendations.
- When applicable, drafting Suspicious Activity Reports (SAR)
- Providing feedback to Investigators on case errors or inaccurate analysis.
- Verifying case investigation documentation is consistent with procedures and accurate e.g., case narratives are detailed and decisions/recommendations are well supported.
- Reviewing SAR form and narratives for completeness and accuracy and making necessary edits as needed.
- Ensuring daily production of case investigations and quality reviews goals are met and reported to Team Leads.
Senior AML/QC Regulatory Compliance Officer (contract)
Newbold Advisors
01.2023 - 01.2024
- Provide feedback as appropriate to analysts and ensure corrective actions required are completed timely
- Investigated historical activity to determine if the client transacts in a consistent manner
- Conduct quality assurance reviews on transaction monitoring
- Conduct research utilizing available systems, databases, and the internet, consistent with the resolution of investigations
- Analyze data and develop effective reporting for various levels of management
- Perform QC on all aspects of the Bank's regulatory reporting functions including Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) processes as well as BSA/Fraud alerts and new account reviews
- Analyzed corresponding banks wires to investigate transactions that are suspicious in nature
- Conducted daily and monthly transaction monitoring to ensure compliance with BSA/AML/OFAC
- Performed transactional analysis to detect patterns, trends, schemes and documenting alert decision
- Reviewed alerts and other trigger reports for customers with questionable transaction activity
- Review Corresponding Banking transactions for red flags, AML typologies, and suspicious activity
- Responsible for reviewing historical transactional activity in the correspondent banking client's account
- Currently the 4th highest producer in the group of 108 Analysts for quality and quantity reviews
- Perform QC testing of files, documenting any deficiencies and working with the reviewer to correct
- Monitor, analyze, and process trading transactions in internal proprietary and vendor systems.
Senior AML/ QC
Sprout Mortgage
09.2021 - 07.2022
- Conducted quality control reviews of AML investigations and compliance processes to ensure accuracy and effectiveness
- Analyze completed cases to ensure that analysis is completed and all required and relevant documentation supporting each review is provided
- Provide feedback as appropriate and ensure corrective actions required are completed timely
- Perform QC activity and make recommendations based on QC findings
- Review, prepare and submit Quality Control test results to the Financial Crimes Department
- Proficient in conducting quality control reviews and audits in AML operations
- Develop the Quality Assurance reviews for all audits
- Conduct regular assessments to ensure organizational compliance with laws such as the Bank Secrecy Act (BSA), USA PATRIOT Act, and other global AML/KYC regulations
- Responsible for performing, documenting, and managing, all quality assurance processes related to the Bank Secrecy Act, Anti-Money Laundering, Office of Foreign Asset Control, and USA Patriot Act requirements
- Perform and document assigned audit control reviews, and conduct testing based on detailed operating procedures and processes
- Collaborate with legal teams to interpret and integrate changes in legislation into existing AML/KYC policies and procedures
- Oversee the preparation and submission of regulatory reports, including Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs), in accordance with regulatory deadlines
- Provide guidance to cross-functional teams on emerging regulatory issues and their impact on AML/KYC processes
- Conducted customer due diligence and enhanced due diligence reviews on new and existing clients, ensuring compliance with regulatory requirements
- Analyzed complex customer profiles, identifying, and assessing potential risks and anomalies
- Led the execution of enhanced due diligence on high-risk clients, incorporating advanced investigative techniques and tools
- Conducted thorough analysis of complex business structures and ownership hierarchies
- Analyzed transactional data and conducted suspicious activity monitoring to identify potential risks and vulnerabilities
- Prepared detailed reports of findings, including recommendations for remediation and process improvements
- Reviewed Swift messages, Letters of Credit, and pricing models to ensure commodity prices were aligned with independent sources
- Successful and timely processing of accounts within timeframes set to meet bank targets
- Spearheaded trade finance area including Letters of Credit (Standby, Import and Export) and documentary collections
- Responsible for collecting client data, running background checks and negative news strings to rule out anti money laundering.
Sr. AML Analyst/ Lead
Consolidated Analytics
11.2016 - 09.2021
- Managed day-to-day AML operations, including transaction monitoring, customer due diligence, and investigations
- Identify potential and emerging BSA/Fraud risks through QC reviews and engage with analyst and/or QC Supervisor to discuss discrepancies and assess sufficiency of remediation plans to address issues
- Assist QC Supervisor with periodic reports summarizing findings of the QC reviews and compile metrics to identify new trends, patterns, or observations to management
- Responsible for performing, documenting, and managing, all quality assurance processes related to the Bank Secrecy Act, Anti-Money Laundering, Office of Foreign Asset Control, and USA Patriot Act requirements
- Provide feedback as appropriate and ensure corrective actions required are completed timely
- Led a cross-functional team of AML professionals, providing guidance, mentorship, and training to enhance expertise and performance
- Ensure the timely filing of Suspicious Activity Reports (SARs) and other regulatory reports
- Oversee a team of AML specialists and analysts, ensuring effective collaboration and adherence to regulatory requirements
- Trend data to identify potential gaps and pinpoint discrepancies or inefficiencies
- Conduct regular risk assessments and develop risk-based AML strategies to address emerging financial crime threats
- Collaborate with senior executives to provide insights into AML risk exposure and recommend mitigation strategies
- Conducted regular AML risk assessments and implemented risk-based strategies to address identified vulnerabilities
- Led the response to regulatory inquiries and examinations, ensuring comprehensive and accurate documentation
- Prepared comprehensive reports summarizing testing results and findings and presented findings to senior management and regulatory authorities
- Collaborated with cross-functional teams including compliance, legal, and operations to address identified issues and implement remedial actions.
Sr. AML/Testing analyst - Contract
Beal Bank
Plano, TX
06.2016 - 10.2016
- Acting as an KYC/AML Subject Matter Expert (SME) around onboarding and existing product enhancement investigations ensuring all global requirements are met
- Investigated potential Pep and sanctions hits on clients generated from online searches and news
- Handle multiple priorities and deadlines concerning the review of low, medium, and high-risk clients
- Manage and facilitate client due diligence of KYC records for all institutional clients, mainly high risk
- Support special bank projects including conducting target reviews of AML high risk products
- Verify all aspects of Client Identification Program (CIP) and necessary account opening documents are provided and in accordance with Know Your Customer (KYC), USA Patriot Act and Bank Secrecy Act (BSA)
- Perform QC testing of AML files, documenting any deficiencies and working with the reviewer to correct
- Coordinate and maintain client relations across various regions to maintain KYC according to Bank Secrecy Act (BSA), Anti Money Laundering (AML) and Office of Foreign Assets Control (OFAC)
- Responsible for gathering documents utilizing sales and both internal and external 3rd party sources
- Provide support and guidance to the Fixed Income and Equities trading desk with the implementation of new global KYC procedures and the remediation of current bank clients
- Monitor, analyze, and process trading transactions in internal proprietary and vendor systems
- Work with brokers and custodian banks to resolve trade settlement problems in a timely manner.
Skills
- Microsoft Windows
- Desktop
- LP
- Word
- Access
- Excel
- Power Point
- Outlook
- Accounting
- Quick Books
- Tax preparation
- Bank Secrecy Act for Lenders
- Encompass
- Risk Management
- Regulatory compliance
- Mortgage Industry Compliance
- Consumer Lending
- Policy Improvement
- Gap Analysis
- Business Objects
- Power BI
- Power Query
- PowerPivot
- SQL
- In-depth knowledge of AML and KYC regulations
- Regulatory Compliance Policy Development and Implementation
- Legislative Interpretation
- Risk Assessment and Management
- Training and Education
- Internal and External Audits
- Strong Analytical and Problem-Solving Skills
- Cross-functional Collaboration
Timeline
AML Investigator/QA Analyst (Flex Role) (Contract)
MBO Partners (Bank of America)
07.2024 - 08.2024
Senior AML/QC Regulatory Compliance Officer (contract)
Newbold Advisors
01.2023 - 01.2024
Senior AML/ QC
Sprout Mortgage
09.2021 - 07.2022
Sr. AML Analyst/ Lead
Consolidated Analytics
11.2016 - 09.2021
Sr. AML/Testing analyst - Contract
Beal Bank
06.2016 - 10.2016