Randy Shy

Bsa Aml Control Specialist Iii @Stearns Bank N.A.

St Cloud, MN, US

Leveraged Marijuana industry experience into improving existing cannabis compliance program for effective monitoring of banking relationshipsUtilized the same knowledge to help develop an audit program for the cannabis customers that were onboardedWork with the applications team to develop monitoring system for the cannabis customersServe as subject-matter expert on all cannabis related itemsDeveloped process for the electronic filing of cannabis related suspicious activity reports through the existing AML softwareAdministrator for AML software, LexisNexis and Community Reinvestment Act (CRA) Data collection softwareCollected, processed, maintained integrity, and submitted CRA Data throughout the reporting yearLed the bank to pass their CRA data integrity exam for the first time since before 2018Data integrity results assisted the bank in increasing its CRA rating from Satisfactory to OutstandingServed as subject-matter expert in audits of AML softwareUtilize knowledge of various systems to assist in multiple projects to improve systems for compliance purposesDevelop, tested and implement new configurations including SQL within AML softwareConduct quarterly issue validation to ensure MRA on alert definition is remediatedRelied on Excel experience to assist the Audit team in improving the FDICIA audit worksheet including programming macrosConducted internal Fair Lending audit for the bankParticipate in regulatory and external AML audits, subject matter expert for CRA and AML software auditsDeveloped process for the comparison of denied and opened accounts for fair lending reviewor fair lending review