JASON F. CILENTO
Dunellen,USA
Summary
Proactive professional with a Master of Public Administration and extensive experience in municipal government, banking, and non-profit sectors. Demonstrated expertise in risk management, business development, and redevelopment initiatives. Proven ability to build consensus and drive strategic projects. Prepared to contribute leadership skills to JCT Solutions.
Overview
15
15
years of professional experience
Work History
President/Founder
Muni Nexus LLC
08.2024 - Current
- Company Overview: Lead newly established consulting firm dedicated to assisting real estate developers in navigating local markets, understanding regulatory landscapes, and building relationships with governmental stakeholders to ensure projects are completed.
- Lead newly established consulting firm dedicated to assisting real estate developers in navigating local markets, understanding regulatory landscapes, and building relationships with governmental stakeholders to ensure projects are completed.
Financial Intelligence Unit Analyst
Sumitomo Mitsui Banking Corporation
06.2022 - Current
- Review alerts for suspicious activity, flag money laundering patterns, and document findings in case files and SARs according to regulations.
- Record research in the Case Management System and communicate AML updates to management.
- Manage workflow to meet deadlines, ensure complete customer records, and escalate concerns to the Manager.
- Assist with special projects and investigations as needed.
Mayor
Dunellen
Dunellen, NJ
01.2020 - Current
- Oversee daily operations of the Borough.
- Appoint, with advice and consent of the council, all subordinate officers of the municipality.
- Set agendas and goals for the Borough to meet and oversee the general direction of redevelopment.
- Meet and negotiate with various local, county, state, and federal stakeholders on behalf of the Borough.
- Class I member of the Dunellen Planning Board.
- Chair of the Dunellen Redevelopment Agency, overseeing redevelopment in Dunellen and negotiations with developers.
- Chief Executive Officer of the Office of Emergency Management.
BSA Analyst II
Unity Bank
Clinton, NJ
12.2020 - 06.2022
- Researched and analyzed activity flagged as suspicious to make a determination about its disposition and any further necessary action.
- Investigated suspected cases of activity related to money laundering, terrorist financing, tax evasion, and prepared Suspicious Activity Reports (SARs) in accordance with FinCENs guidance.
- Navigated banking systems to obtain account statements, transaction histories, wire transfer details and check images related to each investigation.
- Interfaced with Branches and departments on Bank Secrecy Act issues.
- Performed other duties as assigned.
BSA Analyst
Investors Bank
Iselin, NJ
11.2016 - 07.2020
- As a member of the SAR Team researched and analyzed activity flagged as suspicious to make a determination about its disposition and any further necessary action.
- Investigated suspected cases of activity related to money laundering, terrorist financing, tax evasion, and prepared Suspicious Activity Reports (SARs) in accordance with FinCENs guidance.
- Navigated banking systems to obtain account statements, transaction histories, wire transfer details and check images related to each investigation.
- Interfaced with Branches and departments on Bank Secrecy Act issues.
- Trained new BSA Analysts and consultants on the abovementioned responsibilities and tasks.
- Performed other duties as assigned.
Borough Councilman
Dunellen
Dunellen, NJ
01.2011 - 12.2019
- Council President, 2019.
- Liaison to the Recreation Department, duties included: enabling communication between the Borough and the Recreation Department, assisting in the writing of department policies and grants, as well as aiding in department fundraising endeavors and various recreational activities within the community.
- Initiated the Dunellen Arts & Culture Commission, as well as serving as the Liaison to the Commission.
- Served as acting Fire Commissioner, duties included: facilitating communication between the Borough and the Fire Department, facilitating the seeking and writing of grants, and assisting in department fundraising endeavors with the community.
- Member of Dunellen Downtown Management Organization (DDMO), a committee of local government officials, residents, and merchants collaboratively working together to develop ideas for revitalizing the Borough of Dunellen, while also developing and soliciting marketing material.
- Creator and Editor of The Dunellen Report, a quarterly newsletter in the Borough of Dunellen that provides information about local government, social events, and news of local organizations.
- Mayoral appointee as liaison to the Dunellen Board of Education to assist in school budget negotiations.
- Liaison to the Middlesex County Transportation Coordinating Committee.
Compliance Assistant/ISO
Millington Bank
Millington, NJ
12.2014 - 11.2016
- Assisted Chief Risk Officer (CRO) in performing internal audits.
- Conducted Information Security Officer’s (ISO) audits tri-annually.
- Developed and conducted PowerPoint training classes on compliance-related subjects and regulations with Millington Bank staff on a monthly basis.
- Assisted in gathering information for auditors both internal and external.
- Responsible for pulling OnDemand Reports for Loan Loss Reserve/Allowance and other reporting purposes as requested by the CRO.
- Acted as a backup to BSA/AML Analyst in monitoring, researching, and managing high-risk alerts within the Bank using Verafin BSA/AML monitoring system.
- Assisted in the preparation of Excel reports for the Board of Directors and Senior Management.
- Researched, documented, and responded to branch and department questions relating to Compliance and BSA matters.
Education
Master of Public Administration -
Rutgers University-Camden
10.2019
Bachelor of Arts - Political Science, Theatre Studies
Kean University
05.2012
Skills
- Public speaking and community engagement
- Leadership and business development
- Customer service and relations
- Non-profit management and fundraising
- Microsoft Office Suite proficiency
- Economic and redevelopment strategies
- Banking compliance and regulations
References
- Robert Bengivenga Jr., Business Administrator of the Township of Hazlet, (908) 966-1491
- Fran Simon, SVP Product Compliance Officer, ICRM, fransimonesq@gmail.com, (973) 296-6613
- Dr. David Listokin, Professor, Edward J. Bloustein School of Planning and Public Policy, listokin@rutgers.edu, (848) 932-2374
- Dr. Angie McGuire, Associate Director, CELG & Assistant Professor of Public Administration, angie.mcguire@rutgers.edu, (848) 932-4750
- Dr. Patricia Nolfi, Part-time faculty in the Department of Public Policy and Administration, tnolfi@rutgers.edu, (908) 720-7129
- Colleen Mahr, Mayor of Fanwood, NJ, Business Administrator of Somerset County, colleenmahr@hotmail.com, (908) 370-6187
- Paul Muir, Mayor of Bethlehem Township (Hunterdon County), gpaulscars@gmail.com, (908) 222-6158
Volunteer Experience
- New Jersey Conference of Mayors, Executive Board (President), 11/01/21, Present
- New Jersey League of Municipalities, Legislative Committee, 11/01/21, Present
- Dunellen Education Foundation, Inc., Board of Directors, 08/01/19, 12/31/22
- Dunellen Skylight Theatre Productions, NJ Non-Profit Corp., President/Founder, 01/01/13, 12/31/15
- Juggling Life Inc., Board of Directors, 03/01/10, 12/31/17
Timeline
President/Founder
Muni Nexus LLC
08.2024 - Current
Financial Intelligence Unit Analyst
Sumitomo Mitsui Banking Corporation
06.2022 - Current
BSA Analyst II
Unity Bank
12.2020 - 06.2022
Mayor
Dunellen
01.2020 - Current
BSA Analyst
Investors Bank
11.2016 - 07.2020
Compliance Assistant/ISO
Millington Bank
12.2014 - 11.2016
Borough Councilman
Dunellen
01.2011 - 12.2019
Master of Public Administration -
Rutgers University-Camden
Bachelor of Arts - Political Science, Theatre Studies
Kean University
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