Richard Kosich Email & Phone Number

New York, Ny, Us

London, Gb

Drafted closure materials for 5 OCC Matters Requiring Attention (MRAs). Sustainably embedded bank initiatives and target operating models into the end-to-end operation of the US Sanctions Program pursuant to the Operational Risk Management Framework. Lead contact on OFAC-related external examinations conducted by the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board (FRB) and on internal examinations conducted by the Internal Audit and Assurance functions. Challenge scope of exam and findings and draft Management Action Plans on behalf of the US Sanctions Team.Undertake functional reviews of suite of controls mitigating 13 unique sanctions risks, monitoring the effectiveness and execution of the controls. Recommend improvements to control operation and monitoring and challenge control ratings.Quantify and articulate unique sanctions risk faced each Line of Business during yearly Enterprise-Wide Risk Assessment informed by 250 data points based on transactional activity and customer profile risk.Responsible for governance of sanctions risks, issues, and trigger events, including the production of Management Information and reporting. Developer and owner of Sanctions Risk Events and Escalations SharePoint, used to conduct outreach on potential breaches, transaction, and name screening true matches, and blocked or rejected payments.

London, Gb

Responsible for monthly and quarterly reporting to senior management, internal departments, and regulatory and governmental agencies. Built and maintained central legal opinion repository for the FCC legal team. Analyzed materials and organized by business line, topic and product, and OFAC Sanctions Program. Prepared department for internal audit by reviewing all global and local policies, procedures, and best practices under which the department had obligations or responsibilities. Performed gap analysis of policies for possible deficiencies in controls. Collaborate with business leaders to strengthen and develop workflow procedures to ensure compliance with federal and state regulations and internal standards and policies.Co-created discovery framework for responding to FINRA arbitrations and subpoenas for the purpose of minimizing risk by protecting personally identifiable information and other sensitive data. Created policies and procedures to ensure efficiency, cost reduction, and risk reduction, including a procedure that saved the company over 25% in costs.Recipient of 2016 HSBC Culture Hero Award.

• Draft pleadings, appeals, motions, legal briefs, and status reports. Complete requests for discovery disclosure and prepare discovery responses.• Perfected a successful appeal in the Appellate Division, Second Department on a $107,000 case. A favorable decision led to optimal settlement conditions for client.• Initiated action in Supreme Court seeking declaratory judgment. Judgment in client's favor resulted in savings of over $450,000 and the dismissal of over 70 individual suits pending in five (5) different counties.• Prepared and delivered a presentation for clients in Syracuse, New York discussing new Appellate Division case law and its possible implications on future defense strategies.• Absorbed an increased caseload of 150 files in addition to existing caseload of 350 files during a period of understaffing.• Named to the National Employee Recognition Council and National Agency Liaison Program and earned the Associate in Claims (AIC) and Associate in General Insurance (AINS). • Research and examine law sources such as statues, judicial decisions, and legal codes• Review and analyze newly assigned suits to determine appropriate litigation strategy • Direct and coordinate new employees and monitor work product for compliance with company best practices and state law

• Handle lawsuits from inception to conclusion and determine appropriate strategy• Responsible for unit member training on office procedure and insurance law • Assign tasks and projects to other team members based upon necessity and time constraints• Assume supervisor duties in department head’s absence

Paralegal Certification

Bachelor Of Arts (B.A.), Political Science And Government