David B. Consigli, CAMS

Experience

• 

  Boston Financial Data Services / IXIS Services Company

  Apr 2000 - Jul 2006

  Anti-Money Laundering Specialist/Investor Services Manager

  • Provided ongoing Anti-Money Laundering training to the Investor Service Representatives and other departments in order to comply with the U.S.A Patriot Act of 2001. • Successfully reviewed and conducted Anti-Money Laundering investigations to ensure monthly departmental reports were completed and distributed to the ISC Compliance officer. • Administered and monitored BFDS’s Customer Identification Program (“CIP”), FINCEN, OFAC, Suspicious Activity Report (“SAR”), IRS Form 8300 and X17 report filings.• Reviewed daily or monthly reports from various systems (Monarch, Infomaker, RPMS) for all IXIS Services Company (“ISC”) clients in order to identify and solve issues related to the rules and regulations set forth by the U.S.A. Patriot Act of 2001.• Keep abreast of industry practices, and a thorough knowledge of the U.S.A. Patriot Act, Customer Identification Program (“CIP”) and ISC clients. Show less

• 

  Citi/BISYS Hedge Fund Services, Inc.

  Jul 2006 - Jan 2008

  Account Manager - Shareholder Services

  Successfully managed a team of 6-8 Hedge Fund Administrators, reviewed the subscription/withdrawal, confirmation/statement, filing/registration workflows and coordinated the new fund, new issue certification, IRS Schedule K-1, ERISA and cash flow processes. Provided ongoing development, training, career coaching, and mentoring techniques to the fund administrators and keep abreast of Alternative Investment industry practices.Keep abreast of Alternative Investment industry practices as well as ensured compliance with anti-money laundering regulations and the USA Patriot Act of 2001. Show less

• 

  Broadridge Financial Solutions, Inc.

  Jan 2008 - Mar 2010

  Senior Project Manager - Client Services

  Senior project manager specializing in proxy campaigns for mutual fund and variable annuity companies, specializing in data analysis, defining and execution of strategy for proposal passage for complex wide Proxy Campaigns.

• 

  ICS Risk Advisors, Inc.

  Sept 2011 - Apr 2012

  Senior IT Audit Consultant - Regulatory Compliance (Contract)

  Successfully audited annual regulatory requirements for RBS Citizen’s bank internal and external third-party vendors in order to comply with the provisions and regulations set forth by the Federal Gramm-Leach-Bliley Act of 1999.

• 

  Blue Hills Bank

  Apr 2012 - Sept 2013

  Senior Compliance/BSA Analyst

  Blue Hills Bank (formerly Hyde Park Savings Bank) is a mutual community bank with $1 billion in assets. The Bank currently operates 6 branches in the communities of Brookline, Boston, Dedham and Norwood. The Bank provides retail and commercial deposit and loan products to Eastern Massachusetts through a combination of its branch network and eCommerce channels. •Conduct fraud and suspicious activity monitoring on a daily, monthly, and quarterly basis. •Oversee day to day operations, product and services development to ensure compliance with state and federal regulations, laws and company policies.•Develop, implement and monitor company-wide comprehensive AML/BSA compliance program.•Review all advertising, promotional and marketing materials to ensure compliance with applicable laws and regulations.•Liaison for internal and external reviews. •Develop and update regulations, rules, practices and guidelines for all business lines. •Carry out ad hoc projects and prepare periodic reports to senior management.•Conduct ongoing review of all Bank forms and disclosures to ensure compliance with Bank policies and regulatory requirements.• Conduct bank wide internal Compliance, BSA, ACH and Identity Theft/Red Flag annual risk assessments. Show less

• 

  The Alacer Group

  Sept 2013 - Nov 2014

  AML Consultant

  • Reviewing triggering activity in SAS and other transaction monitoring systems/reports.• Verifying customer risk rating in Bank systems and performing transactional review and analysis.• Determining whether SAR should be filed and drafting narrative for each case substantiating decision/recommendation.• Managing complex cases involving matters such as multiple relationship accounts, tiered and multi-faceted transactions; international wires involving Bank designated high-risk jurisdictions, and complex cash structuring schemes. Show less

• 

  Consigli Consulting, LLC

  Feb 2014 - Jul 2019

  AML/BSA Compliance Consultant

  Domestic Single Member Managed Limited Liability Company (“LLC”) domiciled in Newton, Massachusetts and scope of consulting services includes the following areas:AML/BSA Operational, Investigative, Lookback, High Risk Reviews, Remedial and Independent AML/BSA/OFAC Audit Services.Previous engagements/clients:The Alacer Group – Bank of Utah/Santander Bank. Perficient – Santander Bank. Randstad USA - State Street Global Advisors/Global Operations.McGladrey LLP - Banco De Bogota, S.A. - Miami Agency/Mercantil Commercebank N.A.AML Audit Services, LLC - Boston Financial Data Services/Merchants Bank of California N.A.Atlantic Data Services, Inc. - Boeing Employees Credit Union.Global RADAR Solutions, LLC/BSA Strategies - Gibraltar Private Bank & Trust. The Community Bank – CDD/EDD/Risk Assessments/Investigations. Show less

• 

  Kroll

  Jul 2019 - Nov 2021

  Vice President, Compliance Risk & Diligence

  Kroll is the market leading provider of solutions that help clients comply with the myriad of Anti-Money Laundering (AML) and Anti-Bribery and Corruption (AB&C) regulations worldwide. Through a combination of in-depth subject matter expertise, global research capabilities, and flexible technology tools Kroll can help clients:- Design, set-up, and implement compliance programs and policies, taking into consideration the complex and unique laws across the world- Establish an overarching compliance strategy and culture, including firm-wide training programs- Manage third party risks leveraging Kroll’s Third Party Compliance portal, a web-based due diligence, governance and compliance platform - Take a risk-based approach to compliance through a broad range of Screening and Monitoring Services and Enhanced Due Diligence capabilities- Respond to potential risks through Kroll’s investigative, remediation, and look-back solutions Show less

• 

  Santander Bank, N.A.

  Nov 2021 - Jun 2023

  Director, AML Compliance

  Manage day to day operations for AML Compliance Quality Assurance team to ensure timely completion of AML Quality Assurance and Risk and Control Self-Assessment (RCSA) cycles. Monthly and quarterly processes include: AML QA Cycle covered SAR compliance, Non-SAR investigatory alerts, OFAC and Customer/Entity screening, Enhanced Due Diligence, Currency Transaction Reports and Monetary Instrument Log filings.

• 

  Wakefield Co-operative Bank

  Nov 2023 - now

  Vice President, Bank Secrecy Act and OFAC Officer

  Responsible for overseeing all aspects of the Bank Secrecy Act/Anti-Money Laundering/OFAC Compliance Program which will be designed to ensure a high level of compliance with the BSA/AML/OFAC related laws and regulations, internal policies and procedures and Federal regulatory expectations. Ensures the Board of Directors, senior management, and employees are following the rules and regulations of regulatory agencies, that company policies and procedures are being followed, and that behavior in the organization meets the company’s Standards of Conduct. Show less