Joseph Wathen
Vice President, Senior Global Financial Crimes Investigator @Bank of America Merrill Lynch
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WORK HISTORY
Vice President, Senior Global Financial Crimes Investigator @Bank of America Merrill Lynch
Help run the day-to-day operations, as well as review and approve AML cases submitted by investigators-Utilize analytical and critical thinking skills to conduct and execute investigations on institutional clients, such as broker dealers, hedge funds, trading firms, money service businesses, casinos, and international financial institutions-Work with wealth management clients to address and mitigate money laundering concerns, such as market manipulation, insider trading, and wash trading-Cross-check identity and address AML concerns related to access checks by conducting investigations-Examine suspected money laundering and violations of accounting and internal controls. Prepare and deliver effective presentations to other lines of business within the risk organization on multiple AML risks to improve organization posture-Contribute efforts towards improving firm’s AML initiatives and processes by analyzing and testing new alerts-Demonstrate rules and regulations related to FINRA and SEC to the junior team members to enhance their understanding and knowledge-Partner with management team in developing and implementing workflow improvement initiatives based on reporting metrics-Help train and mentor new investigators to the team to make sure they understand risk concerns.
EDUCATION
Saint Xavier University
MBA, Financial Fraud & Forensic Accounting, 3.80 GPA
Moraine Valley Community College
Associate's degree, Finance, General
Trinity Christian College
Bachelor's of Art, Business Management, 3.90
ABOUT JOSEPH WATHEN
The mere existence of sanctions is not sufficient to ensure compliance. If no attention is paid to supervision, there is a risk that sectors that resist the requirements will not comply with them or will comply less thoroughly than they should. Regular and thorough supervision enhances compliance.” ― International Monetary Fund Hello, my name is Joseph J. Wathen and I am a compliance-driven and solutions-oriented professional with extensive experience and demonstrated success in development of innovative solutions to address complex financial crime risks and issues and helping high-profile clients in meeting global regulatory expectations. My expertise lies in assessing internal systems and controls against regulatory expectations and industry practices for identifying gaps to introduce process improvement initiatives. I am a transformational leader who is driven by challenges, undeterred by obstacles, and committed to furthering the standards of excellence. I am an engaging strategist with extensive experience in integrating and synthesizing information from cross-functional teams and sources to analyze complex issues, mitigate risks, and creatively solve critical problems. Specialties: Financial Fraud & AML Analysis, Emerging Technology Solutions, Legal & Regulatory Compliance, Risk Assessment & Mitigation, Internal Controls & Compliance, Business Intelligence & Analytics, AML & BSA Laws, Auditing & Investigations, Banking Operations & Services Career Highlights: • Spearheaded the management of a recidivism project to redevelop the training manual for new investigators, • Played a key role in assisting the firm with a large remediation project that lasted several months. • Uncovered a $35 million trade-based money laundering scheme (TBML). • Uncovered a significantly large Ponzi scheme in excess of $3 million; the investigations are under progress. • Orchestrated and implemented new initiatives for the department to achieve strategic objectives. • Worked and researched several large cases involving various parties which include broker dealers, politicians, celebrities, international and domestic financial institutions, and other high-profile individuals and corporations. Want to know more about my experience, passion, areas of expertise, or the improvements I can make to your organization? Connect with me at w••••••••@gmail.com.
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