Noel Nesbit, MBA,CAMS,CFCS

Head of Remediation at Mega Bank
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Contact Information
us****@****om
(386) 825-5501
Location
New York City Metropolitan Area
Languages
  • English -
  • French -

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Credentials

  • CAMS
    ACAMS
    Mar, 2017
    - Nov, 2024
  • Certified Financial Crime Specialist
    Association of Certified Financial Crime Specialists - ACFCS

Experience

  • Mega Bank
    • United States
    • Banking
    • 1 - 100 Employee
    • Head of Remediation
      • Jun 2019 - Present

      Supervises all Remediation daily investigations, managers,deputies, team leads, , and investigators, including correspondent and retail banking, as well as Special Investigations,, ensuring timely and well documented investigations of all financial crime concerns. • Oversees the progress and completion of internal and third part projects including transaction monitoring scenario tuning and testing and other various remediation projects. • Regularly meets with internal audit and the regulator appointed onsite monitor to discuss their findings and recommendations to ensure the bank engages in best practices, and for ensuring resulting objectives and goals in action plans are met. • Responsible for all aspects of investigations, including structure of the unit, head count planning, personnel decisions, ensuring training goals are met, and coordination with regulators and law enforcement. Show less

    • Team Lead
      • Mar 2019 - Jun 2019

      • Performed Quality Assurance reviews on investigations created from detection scenario cases which resulted in the writing of SAR’s for cases that required escalation.• Reviewed Suspicious Activity Reports “SARs” daily while ensuring compliance within FINCEN regulations.• Performed Quality Assurance reviews on Conducted BAU correspondent banking customers by monitoring transactions, clearing detection scenarios as well as manual cases on high risk customers.• Reviewed cases created from investigations on Trade-Based Money Laundering for trade finance instruments such as L/Cs, and syndicated loan transactions. Show less

    • Investigator
      • Sep 2018 - Mar 2019

      • Utilized Prime transaction monitoring systems to perform investigations on detection scenario created cases which resulted in the writing of SAR’s for cases that required escalation.• Wrote Suspicious Activity Reports “SARs” daily while ensuring compliance within FINCEN regulations.• Conducted BAU as well as back log investigations on correspondent banking customers by monitoring transactions, clearing detection scenarios as well as manual cases on high risk customers.• Conducted investigation on Trade-Based Money Laundering for trade finance instruments such as L/Cs, and syndicated loan transactions. Show less

  • Rabobank
    • Netherlands
    • Banking
    • 700 & Above Employee
    • Team Lead
      • Sep 2017 - Sep 2018

      • Lead team of 8 AML analyst in transaction monitoring, OFAC, trade finance, wholesale, and agrifinance banking compliance. • Developed and implemented OFAC Sanction Program including prescreening and reporting • Developed, tested and implemented institution wide OFAC and Trade-Based Money Laundering detection scenarios. • Conducted model validation of OFAC and Trade-Based Money Laundering systems for the bank staff at all levels • Conducted investigation on Trade-Based Money Laundering for trade finance instruments such as L/Cs, Account Finance and Documentary Collections and FX and money market transactions. Show less

  • Bates Group
    • United States
    • Business Consulting and Services
    • 1 - 100 Employee
    • Transaction Monitoring Analyst
      • Apr 2017 - Sep 2017

      • Performed AML transaction monitoring, AML compliance, SARs reporting, and all AML related compliance issues using subject matter expertise, and metric management. • Wrote Suspicious Activity Reports “SARs” daily while ensuring compliance within FINCEN regulations. • Conducted BAU as well as back log investigations on banking customers by monitoring transactions, clearing detection scenarios as well as manual cases on high risk customers. • Utilized Mantas transaction monitoring systems to perform investigations on detection scenario created cases which resulted in the writing of SAR’s for cases that required escalation. Show less

  • PwC
    • Professional Services
    • 700 & Above Employee
    • Aml Analyst
      • Jan 2017 - Apr 2017

      • Monitored account activity, detection, and documentation of suspicious activity in customers’ accounts and the subsequent filing of suspicious activity reports. • Conducted internal reviews of possible violations of the Bank Secrecy Act, US PATRIOT Act or securities regulations and all matters related to potential money laundering, terrorist financing, fraud and inappropriate securities activity. • Supported senior staff in performing various global AML surveillance and monitoring and reporting of suspicious activity. • Recommended for filing suspicious activity reports (SARs) as needed and ensuring complete documentation is secured and maintained as required by law. Show less

  • Allsec Technologies Limited
    • United States
    • IT Services and IT Consulting
    • 700 & Above Employee
    • AML Investigator
      • Jul 2016 - Jan 2017

      Conducted Enhanced Due Diligence (EDD) of correspondent accounts maintained by the Bank. Utilized Detica transaction monitoring systems to perform investigations on detection scenario created cases which resulted in the writing of SAR’s for cases that required escalation. Wrote Suspicious Activity Reports “SARs” daily while ensuring compliance within FINCEN regulations. Conducted BAU as well as back log investigations on correspondent banking customers by monitoring transactions, clearing detection scenarios as well as manual cases on high risk customers. Utilized investigative systems such as Palantir, Lexus Nexus, Accuity, FCC Explorers, BOWB, eKYC, and public domain to aid in investigative processes. Analyzed high risk transaction activity and provided final approval of investigative case analyses utilized for SAR preparation and filing. Responsible for performing risk assessments and transaction monitoring to evaluate the effectiveness of AML/BSA/KYC policies and controls in mitigating financial crimes risks. Show less

  • FIS
    • United States
    • Information Technology & Services
    • 700 & Above Employee
    • Compliance Analyst
      • May 2016 - Jul 2016

      Financial Crimes Surveillance Unit- American Business Bank Project Performed AML transaction monitoring, AML compliance, SARs reporting, and all AML related compliance issues using subject matter expertise, and metric management. Monitored commercial, retail, and lending activity for transactions with a high level of suspicion with respect to money laundering parameters, and prepare analyses utilized for final case dispositions in the preparation and filing of Suspicious Activity Reports (SARs). Interfaced with bankers to obtain information related to their client’s transaction activity. Prepared, drafted and filed SAR’s daily on case investigations that required escalation. Conduced investigations on Cases and Alerts produced through the banks automated Anti-Money Laundering System Mantis or through internal referrals, Subpoenas or 90 Day SAR Reviews. Financial Crimes Surveillance Unit – Shinhan Bank America Project Performed the monitoring, surveillance and analysis of transactions for purpose of detecting potential financial crimes to facilitate effective investigation and appropriate disclosure to relevant government authorities. Monitored commercial, retail, and lending activity for transactions with a high level of suspicion with respect to money laundering parameters, and prepare analyses utilized for final case dispositions in the preparation and filing of Suspicious Activity Reports (SARs). Interfaced with bankers to obtain information related to their client’s transaction activity. Prepared, drafted and filed SAR’s daily on case investigations that required escalation. Conduced investigations on Cases and Alerts produced through the banks automated Anti-Money Laundering System Mantis or through internal referrals, Subpoenas or 90 Day SAR Reviews. Show less

  • Promontory, a Business Unit of IBM Consulting
    • United States
    • Financial Services
    • 400 - 500 Employee
    • AML Compliance Analyst
      • Apr 2016 - May 2016

      Conduct Enhanced Due Diligence (EDD) of high-risk commercial and individual accounts maintained by the Bank. Monitored alerts generated by the ACTIMIZE transaction monitoring system and performed second tier approval for investigative escalation of cases meriting further review. Managed a caseload of investigations, perform analysis, follow-ups and work cases to completion according to AML procedures and process Identified and investigated potential suspicious activity relating to unusual transactions of the customer funds via wire transfers Analyzed high risk transaction activity and provided final approval of investigative case analyses utilized for SAR preparation and filing. Responsible for performing risk assessments and transaction monitoring to evaluate the effectiveness of AML/BSA/KYC policies and controls in mitigating money laundering, terrorist financing and financial fraud/risks. Show less

  • CANNON RECRUITMENT LTD
    • United Kingdom
    • Staffing and Recruiting
    • Business Analyst/ KYC Analyst
      • Dec 2015 - May 2016

      BANK OF AMERICA MERRILL LYNCH, Charlotte, NC Business/KYC Analyst, OFAC Analyst  Performed required AML/KYC screenings on customers by documenting the information obtained on the client’s profile as required by global KYC procedures  Ensured compliance with the BAC AML Policy/Program requirements and jurisdictional requirements based on the booking entity for each account that is opened.  Executed OFAC verifications on over 25 newly created accounts daily  Conducted first level review of OFAC sanction alerts to ensure transaction did not include involve a blockable/rejectable person or entity  Provided guidance and escalation to the line of business (LOB) for complex account and relationships Show less

  • Hunter SF
    • United States
    • Staffing and Recruiting
    • 1 - 100 Employee
    • Compliance Lead
      • Jan 2014 - Dec 2014

      Utilized internal transaction monitoring to analyze high risk transaction activity.• Escalated suspicious activity and ensured adherence to industry specific regulatory guidelines.• Monitored daily banking activity and generated activity ledgers on findings.• Verified that internal systems of control are in place to achieve compliance with externally imposed rules.• Reported problematic issues to the CEO and COO of the organization.• Strategically identified systematic procedural weaknesses and developed action plans to resolve. Show less

    • Compliance Analyst
      • May 2012 - Dec 2013

      Utilized internal transaction monitoring to analyze high risk transaction activity.• Escalated suspicious activity and ensured adherence to industry specific regulatory guidelines.• Monitored daily banking activity and generated activity ledgers on findings.• Verified that internal systems of control are in place to achieve compliance with externally imposed rules.

Education

  • LeMoyne-Owen College
    Bachelor of Business Administration (B.B.A.), Finance, General
  • Utica College
    Master of Business Administration (MBA), Economic Crime investigation/ Fraud Management

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