Michael G. Finamore, Cams Email & Phone Number

Manhasset, Ny, Us

Greater New York City Area

Hired as SME to replace 2 managers and ensure compliance with all legal and regulatory requirements related to anti money laundering and sanctions for financial markets products including Equities, Fixed Income, Derivatives, and Foreign Exchange. Examine transactions across regions, track suspicious activity, and provide investigative research support.►Risk Assessment: Led anti money laundering risk assessment, monitoring trillions of dollars of transactions; addressed compliance failures and built regulatory strategy including risk scoring framework and control recommendations.►Productivity: Dramatically reduced alert review generation time during period of significant increase (300%) in alert volume and reduced resources. Transformed manual processes into scalable reporting tool; gathered business requirements and worked with IT to streamline testing and create efficiencies.►Operational Improvements: Created operating procedures for 15 steps in disposition process used to train QA team.►Efficiency Improvement: Eliminated hundreds of duplicate alerts, saving substantial processing time by identifying a system workaround for batching alerts.

Greater Chicago Area

Chicago headquarters of a North American bank. Recruited for assignment managing risk across multiple financial products including RDC, Trade Finance, ACH, IAT, Wires, and US Dollar Drafts. Utilized SpotFire for risk model development, statistical data analysis, and data visualization. Correlate and finalize presentation of findings.

New York, Ny

Recruited to the corporate and investment bank to lead team of 10 KYC / QA analysts in review and improvement of KYC profile development processes by multiple internal teams. Immediate program influence:►Efficiency Improvements: Reduced errors on retail banking side from 40% to 20% in just 12 weeks and cut time spent on institutional clients 50% by implementing weekly strategy and education sessions to build KYC competency on team, simultaneously improving turnaround time, expanding case capacity, and reducing re-reviews. ►Audit Preparations: Targeted sample set of 40 records of institutional clients for internal audit to forecast upcoming external audit findings by OCC and internal examiners; studied each file closely, requiring identifying inadequate and outdated KYC procedures to start expected remediation of bank records. ►Systems Testing / Validations: Led testing on legacy database and database in development, ensuring incorporation of constant procedural updates and revisions, with deep focus on entitlements.

New Your, Ny

Joined firm to develop, launch, and direct the Private Bank KYC remediation program and entrusted with the responsibility to streamline and manage the on-boarding process for new client accounts. Challenged with intercepting potential money laundering, fraud, and compliance-related issues in this client-facing position. ►KYC Initiative: Planned and led 3-year / 4,000-account KYC remediation project focused on reviewing and updating bank’s 20,000 customer profiles. Directed team and mapped out protocols, rules, and exceptions for all profiles. Created team of remediation analysts and QA specialists, and ran QA testing unit.►Training & Professional Development: Led training on best practices and compliance procedures; helped reps strengthen client relationships and decrease default risk, reducing delinquency rate to just 1%. ►Impact: Reduced monthly account opening reject rate from 40% down to 13%, increasing bank efficiencies. ►Policy & Procedure: Established on-boarding rules and controls, including suitable alternate controls and proxy documentation lists. Maintained direct relationships with clients, auditors, and HSBC advisors to address account needs and establish best practices to ensure appropriate risk avoidance.

New York, Ny

Primary leader in maintaining the integrity of bank’s risk programs as well as dealing with both domestic and off-shore based customers through extensive KYC methods; personally reviewed customers' LLC, trust agreements, corporate bylaws, financial statements, and operating agreements to determine validity of wealth acquisition methods; worked with teams to develop policy. Promoted twice during tenure. ►Policies & Procedures: Worked on teams to craft policies and created extensive data sheets to document compliance research steps by every reviewer for each transaction.►Training & Support: Served as lead trainer and product specialist to support trust officers, credit officers, junior reviewers, newly-hired team members, and investment advisors; led educational sessions on AML risks, client relationship management, and screening customer activities for fraud. ►Track Record: Maintained record of zero failed audits while handling highest number of cases on team (250 in a single month); quickly identified high risk-bearing customers and never brought on a client that required subsequent “exiting” from bank. Validated and defended decisions during examinations and audits.