Risk and Compliance Advisory

Risk Assessments & Governance

• Conducted Risk Assessments across the lines of defense and business functions:
  • Credit Portfolio Risk Assessment (CPRA)
  • Office of Foreign Asset Control (OFAC) Risk Assessments
  • Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Risk Assessments
  • New Product Risk Assessment process

• Enhanced governance function and incorporated the evaluation and enhancement of risk control tests, processes, and testing parameters to ensure governance standards were being achieved
• Established the risk management framework to evaluate business units and the enterprise for Inherent Risk, Control Effectiveness, and Residual Risk
• Ensured First Line of Defense (FLOD) activities align with risk appetite and risk tolerance, including review of the policies and procedures
• Created dashboards and reporting mechanisms for key metrics, analysis criteria, and additional influence factors
• Determined gaps, recommendations, and enhancement opportunities
• Produced comprehensive, readable report used to inform the Board, management, and regulators

Sanctions/OFAC, Bank Secrecy Act, Anti-Money Laundering

• Determined regulatory compliance requirements; assessed current infrastructure; developed and implemented risk-based programs in alignment with the organization’s risk tolerance.
• Developed prioritized roadmap for OFAC program management and built a comprehensive sanctions program. 
  • Managed RFP process selection of research and screening tool(s), and list provider(s)
  • Identified technology gaps; developed remediation plans, interim processes, and sponsored IT initiatives to implement long-term solutions
  • Partnered with enterprise business units to update policies, procedures, and new technology tools 
  • Evolved sanctions program beyond name screening to proactively recognize sanction risks from products and customers
  • Developed assessment programs for new product development
  • Optimized screening systems with third-party tools to balance true and false-positive alerts
• Implemented multi-channel training programs to facilitate bank-wide cultural engagement of BSA/AML/OFAC 
• Delivered corporate client training on sanction risk exposure to supply chain and customer base
• Conducted M&A due diligence of financial institutions and developed integration plan