Thomas Macaluso

Experience

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  Citi

  Jul 2008 - Jul 2012

  • Conducted extensive due diligence by reviewing customer’s legal documentation and financial information to assure accounts opened and account activity were in accordance with bank and government regulations including customer identification verification.• Conduct enhanced due diligence investigations related to OFAC monitoring alerts. • Escalate account requests for investigations based upon research results and write a report to assess the risk of the client and recommended course of action.• Collaborate with team members regarding trends in designated high-risk countries related to trade based money laundering, black market peso exchange and nested/pay-through accounts.• Knowledge of Money Laundering regulations, methods, schemes and trending/tracking, as well as an in-depth understanding of investigation techniques. • Tasked with training new Compliance Officers in the review and investigation of high-risk accounts• Review background and history of clients to determine if they fall under the criteria for Senior Public Figure (SPF) or Politically Exposed Persons and escalate to necessary management.• Stay abreast of AML regulations and trends by attending conferences, training offered through ACAMS and Federal Government Agencies.• Correspond with Relationship Managers and Salespersons to obtain additional information from potential account holders directly.• Drastically reduced the average time spent reviewing requests while maintaining a high quality of output• Completed two internal reviews/audits for 2011 with no issues being identified, avoiding hefty fines for the institution Show less • Participated in testing of enhancements for case management systems being utilized on a daily basis by the business.• Maintained and managed a high volume workload while meeting demands of important deadlines. • Appointed as subject matter expert for the review of unusual wire activity and designated to provide support to all levels. • Reviewed and assessed the transactional activity of various persons, business entities, banks, and money service businesses across the globe to determine if activity is commensurate with customer’s account profile. • Convened with Country Compliance Officers to review and provide a professional assessment on the activity of clients’ and determine if an investigation was necessary. Show less

  • Compliance Officer

    Dec 2010 - Jul 2012

  • AML Analyst

    Jul 2008 - Dec 2010
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  CIT

  Jul 2012 - Jul 2014

  Compliance Analyst

  • Lead and conduct investigations on CIT’s customers that were involved in unusual activity or that were indicated by another bank via 314(b) to be involved in unusual activity. • Conduct enhanced due diligence across all customer accounts to compile the necessary information to provide to law enforcement when a subpoena has been received.• Reach out to CIT’s different business segments to compile customer data to perform enhanced monthly monitoring. • Complete and file Suspicious Activity Reports (SAR) with the Financial Crimes Enforcement Network (FinCEN) as well as conduct secondary reviews of other analysts’ SAR filings. • Screening third party payments on the Specially Designated Nationals list (SDN) provided by the Office of Foreign Asset Control (OFAC)• Review reports sent from different business segments (Trade and Vendor Finance, Student Lending, Transportation, International, and Corporate Finance) Show less

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  The Bancorp

  Jul 2014 - Oct 2016

  FIU Investigations and SAR Team Lead
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  Promontory Risk Review

  Oct 2016 - Sept 2019

  • Oversee and manage an FIU conducting transaction monitoring reviews for a large, multinational investment bank and financial servicescompany, covering the US, APAC, EMEA, and LATAM regions.• Coordinate processes globally across multiple regions to increase effectiveness of the program.• Work with auditors and federal regulators to complete internal and regulatory exams.• Simultaneously maintain multiple engagements with various financial institutions covering CDD, EDD, KYC refresh, and transactionmonitoring. Show less

  • Quality Assurance Manager

    Apr 2019 - Sept 2019

  • AML Operations Manager

    Oct 2016 - Apr 2019
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  Deutsche Bank

  Sept 2019 - now

  • VP Financial Crimes Lead

    Sept 2022 - now

  • VP Controls Testing Lead

    Sept 2019 - Sept 2022