Luis Salcedo
Newburgh,USA
Summary
AML compliance professional with 13+ years of experience in financial crimes risk, advisory, and regulatory oversight — including direct experience identifying and escalating suspicious activity in support of SAR processes. Proven ability to independently manage complex escalations, drive process improvements, and support regulatory examinations. Recognized AI power user. Bilingual English/Spanish with extensive LATAM market experience.
Overview
9
9
years of professional experience
1
1
Certification
Work History
Associate Director, Business AML Advisory Analyst
UBS
Weehawken, USA
03.2022 - Current
- Served as primary AML advisory point of contact for the 1LoD, advising Supervisory teams, Financial Advisors, New Account Opening, and KYC Operations across all AML/KYC and financial crime compliance matters.
- Independently reviewed and dispositioned a high volume of escalations involving adverse media, sanctions exposure, beneficial ownership concerns, and prohibited client classifications — applying regulatory judgment to determine appropriate disposition or escalation path.
- Served as sole reviewer for Foreign Financial Institution (FFI) onboarding approvals, conducting end-to-end assessments including review of Wolfsberg questionnaire responses, audit confirmation, and AML program adequacy evaluation; the BAMLO head signs off following my assessment.
- Conducted transaction analysis on high-risk client relationships, comparing expected versus actual activity to identify patterns inconsistent with client profiles and escalating cases warranting further review or SAR consideration.
- Selected to support a FINMA regulatory audit based on KYC and AML expertise, independently reviewing client files for CDD compliance and determining whether documentation met regulatory standards — contributing to a high-stakes, regulator-facing examination.
- Led high-risk entity assessments including complex beneficial ownership structures, Non-Traditional Business Relationships (NTBRs), State-Owned Entities, and sensitive charities — including contributing to internal assessment tools and approaches now used by the team.
- Managed Periodic KYC Review escalations for documentation deficiencies and beneficial ownership policy exceptions, serving as SME on FinCEN requirements and resolving related reputational concerns and restriction triggers.
- Coordinated client exits resulting from adverse media or prohibited classifications, working with the restriction team to ensure accounts were properly restricted.
- Mentored junior analysts and contributed to internal training initiatives, enhancing AML governance and front-line execution quality.
- Recognized as an AI power user within the compliance function, leveraging AI tools to enhance research efficiency and advisory output quality; currently exploring the development of an AI-assisted workflow to support routine AML escalation handling.
Quality Assurance Testing Analyst
UBS
Weehawken, USA
03.2020 - 03.2022
- Conducted 1LoD Quality Assurance reviews on onboarding and periodic KYC files, assessing AML/CDD compliance, beneficial ownership accuracy, and documentation completeness against regulatory and internal standards.
- Reviewed complex entity structures, legal documentation, and ownership details to verify regulatory alignment and appropriate risk classification.
- Supported remediation of legacy client files by aligning documentation and due diligence with current BSA/AML standards, contributing to ongoing program enhancement initiatives.
- Escalated high-risk or non-compliant cases involving reputational concerns, unclear ownership structures, or policy exceptions to 2LoD Compliance for review and resolution.
- Identified systemic QA error trends and partnered with AML Training to develop targeted coaching solutions that addressed execution gaps across front-line teams, improving overall compliance consistency.
AML/KYC Associate
JPMORGAN CHASE & CO.
Brooklyn, USA
10.2017 - 03.2020
- Conducted KYC onboarding and periodic reviews for high-risk individual and institutional clients across the Latin America (LATAM) region, assessing complex ownership structures, legal documentation, and entity risk classification against global AML requirements.
- Performed Enhanced Due Diligence (EDD) on high-risk accounts, evaluating source of wealth, business activities, and transactional patterns to determine appropriate risk ratings and escalation needs.
- Identified and escalated non-compliant or high-risk cases involving adverse findings, reputational concerns, or documentation deficiencies to compliance teams for further review.
- Contributed to process improvement initiatives for client onboarding and remediation cycles, providing peer guidance and recommendations that enhanced team-level execution quality.
AML/KYC Consultant for JPMORGAN
JPMORGAN
Brooklyn, USA
07.2017 - 10.2017
- Executed KYC onboarding and periodic reviews for high-risk individual and institutional clients, verifying documentation to ensure compliance with global and firm-specific AML standards.
- Facilitated client onboarding and remediation cycles, providing process improvement suggestions that improved documentation quality and streamlined review processes.
Skills
- AML Advisory & Escalation Management
- KYC / CDD / EDD Compliance
- Beneficial Ownership Compliance
- Negative News & Adverse Media Assessment
- Reputational Risk Escalations
- High-Risk Entity Assessments
- Foreign Financial Institution (FFI) Reviews
- Audit & Exam Support
- Cross-Functional Stakeholder Engagement
- AML Policy & Procedure Guidance
Certification
- Certified Anti-Money Laundering Specialist (CAMS)
- Certified Transaction Monitoring Associate (CTMA)
- Certified Global Sanctions Specialist (CGSS) - In Progress
Languages
- English, Bilingual
- Spanish, Native
Tools And Technology
- Negative News & Risk Screening: LexisNexis, PACER, Factiva, Equifax Screening
- KYC & Compliance Platforms: Proprietary KYC Platforms, Internal Risk Scoring Platform
- AI & Productivity: Microsoft Copilot, AI-assisted research and workflow automation, MS Office Suite
Timeline
Associate Director, Business AML Advisory Analyst
UBS
03.2022 - Current
Quality Assurance Testing Analyst
UBS
03.2020 - 03.2022
AML/KYC Associate
JPMORGAN CHASE & CO.
10.2017 - 03.2020
AML/KYC Consultant for JPMORGAN
JPMORGAN
07.2017 - 10.2017