Cheng Yu, CAMS

Sanctions AVP Compliance Officer/Deputy Sanctions Compliance Officer at Industrial and Commercial Bank of China, New York
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Contact Information
us****@****om
(386) 825-5501
Location
New York, New York, United States, US
Languages
  • English Native or bilingual proficiency
  • Chinese Native or bilingual proficiency
Skills

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Credentials

  • CAMS
    ACAMS
    Dec, 2016
    - Nov, 2024

Experience

  • Industrial and Commercial Bank of China, New York
    • United States
    • Banking
    • 100 - 200 Employee
    • Sanctions AVP Compliance Officer/Deputy Sanctions Compliance Officer
      • Oct 2022 - Present

      • Manage BAU function within the sanctions team.• Third-level reviewer/advisor conducting enhanced, in-depth investigations of escalated transactions using Fircosoft.• Handle transaction reviews and look-backs for Block/Reject payments, AML referrals, and transactions with potential stripping activities.• File OFAC reports to the Department of Treasury.

    • Sanctions AVP Compliance Officer
      • Apr 2019 - Oct 2022

      • Second level review/analysis of transactions, SWIFT messages, Trade Finance deals, KYC requests using FircoSoft/Actimize/World-check. • In-depth investigations of complex/escalated Sanctions transactions. • Second level review of RFIs sent and received using ICSWeb. • Aiding in reconciliations, look-backs, and remedial efforts related to daily screening activities. • Transaction reviews for potential stripping activities and AML escalations.

    • Senior Compliance Analyst
      • Nov 2015 - Apr 2019

      Conducted preliminary screenings for daily transactions and SWIFT messages. Sent out RFIs, and file timely OFAC Reject/Block reports, SARs as necessary. Created EDD parameter monitoring procedure for the branch. Drafted SARs

    • Associate Investigator
      • Jun 2013 - Nov 2015

      Investigate inquiries regarding payments using ICSWEB/eGIFTS and other communication tools while follow-up on pending issues. Prepare for any payment vouchers (debit authority, defer/cancel payment, charges, etc) after investigation if necessary to be posted in payment system.

  • Animus-Rhythm Illustration
    • Co-founder, Art/Graphic Designer
      • Jan 2010 - Sep 2015

      Help direct group's financial activities to fund operations. Organize meetings, set goals, and strategize ways to achieve objectives. Forecast and track marketing and sales trends, analyzing collected data. Communicate with customers to assess their needs and handle sales. Create designs, concepts using computer software such as Photoshop and Illustrator for production. Help direct group's financial activities to fund operations. Organize meetings, set goals, and strategize ways to achieve objectives. Forecast and track marketing and sales trends, analyzing collected data. Communicate with customers to assess their needs and handle sales. Create designs, concepts using computer software such as Photoshop and Illustrator for production.

  • The Bank of East Asia
    • Treasury Operations Assistant
      • Feb 2011 - Jan 2012

      Screen transactions against customized program in compliance with BSA/AML and OFAC. Reconcile daily account, update foreign currency exchange rates, and translate Chinese correspondence. Screen transactions against customized program in compliance with BSA/AML and OFAC. Reconcile daily account, update foreign currency exchange rates, and translate Chinese correspondence.

Education

  • New York University
    Bachelor's degree, Economics
    2008 - 2012
  • New York University
    Bachelor of Arts and Science, Economics, East Asian Study
    2008 - 2012

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