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Serge
serge.masters@sdmgroupinc.com
617-699-8585
Bonita Springs, FL 34135
BSA/AML Director
30 years experience W2
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Summary

Leveraging on 20+ years of corporate executive leadership, I provide strategic, operational, technology, and thought expertise in all aspects of Sanctions, BSA/AML, KYC, FCPA, and Fraud. I help financial institutions to enhance regulatory compliance programs in areas of Corporate, Retail, and Corresponding banking, in both functional and technical capacities, focusing on:

  • Leading Sanctions and AML organizations
  • Performing Sanctions and AML programs audits
  • Conducting and validating risk assessments
  • Implementing and optimizing sanctions screening and transaction monitoring systems
  • Performing model validations
  • Conducting financial crimes investigations

I have thorough experience in global organizations in international environments, holding several executive positions with major global companies where I led different functions, both domestically and internationally. I have managed cross-functional teams that established Sanctions and FCPA/Anti-Bribery compliance programs to mitigate regulatory and image risks. In my early years, I have also worked in IT, leading, managing, and implementing multiple projects and programs.

Over the course of my career, I naturally gravitated towards Compliance, where I have found my professional passion: to impact things far beyond a business bottom line, providing strategic advice to companies to achieve success by doing business the right way.

Skills:

  • Certifications: CAMS (Certified Anti-Money Laundering Specialist)
  • Compliance Software: Fircosoft, SafeWatch, Prime, Actimize, NetReveal, PayGate Inspector
  • Languages: English, Russian, Ukrainian, and Czech

Experience
Director
Banking/Financial
Jan 2013 - present
  • Responsible for designing and executing programs aimed at lessening regulatory exposure while achieving the company’s goals. Clients - mostly international financial services firms such as BNP Paribas, Société Générale, Santander, Swedbank, Bank of China, Işbank, Mashreq Bank, Westpac Bank, Habib Bank, AXA Equitable, and regulatory entities such as NY DFS and FRB.
  • Sanctions program audit and remediation: As a part of the NY DFS monitorship team, led a complete assessment and evaluation of centralized customer and payment screening programs, processes, policies and procedures, and systems that included Fircosoft and SafeWatch. The audit also involved assessment and evaluation of the bank’s list management processes and extensive evaluation of data quality, lineage, and governance.
  • Measured results: Comprehensive report detailing observed gaps and improvement recommendations (Client: BNP Paribas, Paris while on the NY DFS monitorship team).
  • Actimize SAM / SAM-C and ERCM implementation for Corporate & Correspondent Banking: As a part of the NY DFS monitorship team, kick-started a project that couldn’t get off the ground for over a year. Established PMO, identified and engaged stakeholders, and delivered the project on budget and within allotted timeframes.
  • Measured results: Closure of major findings from a regulatory audit. 75% improvement in risk coverage (Client: BNP Paribas, NY while on the NY DFS monitorship team).
  • AML program improvement: As a part of the NY DFS monitorship team, responsible for evaluation and remediation of AML program including processes, policies and procedures, and systems at affiliate bank in a high-risk jurisdiction.
  • Measured Result: 60%+ reduction of SAR’s coming out of that affiliate (Client: BNP Paribas, NY while on the NY DFS monitorship team).
  • Multi-phased Sanctions program risk assessment and implementation of recommendations: Spearheaded an independent Sanctions program audit that encompassed evaluation of policies and procedures, filter’s capabilities review, evaluation of alerts handling and escalation procedures, and underlying data quality. Led multiple teams responsible for customer, payments, and trade finance screening programs deployment, filter tuning and performance improvement, data quality remediation efforts, and data governance program rollout.
  • Measured Result: Comprehensive report detailing observed gaps and improvement recommendations as well as recommendations implementation (Client: IsBank, Istanbul).
  • AML / Sanctions readiness assessment: Led an assessment program to identify deficiencies that could result in major regulatory findings and fines, conforming to NY DFS Rule §504. Scope included risk assessment evaluation, risk coverage and detection scenarios validation, data governance processes verification, certification and sub certification process review.
  • Measured results: Comprehensive lists of required improvements (Client: Habib Bank, NY).
  • AML Compliance Program audit: Led assessment program for international and domestic retail lines of business. Scope included risk assessment and coverage evaluation, detection scenarios validation, examination of transaction monitoring processes and systems, investigative policies and procedures review.
  • Measured results: Comprehensive lists of required improvements (Client: Société Générale, Paris).
  • NetReveal AML Transaction Monitoring implementation: Devised AML risk coverage for Life, Annuities, and Brokerage business lines. Developed a framework allowing our client to correlate risk coverage to the risk assessment and to quantify the improvements. Analysis of legacy detection scenarios, alerts, cases, and SAR’s. Review and validation of the existing investigative procedures. Designed a customer segmentation model.
  • Measured results: Closure of major regulatory findings. A new methodology to be used during regulatory audits to rationalize the thresholds, reducing false-positive alerting by over 35% (Client: AXA Equitable, NY).
Risk Assessment Project Management Data Governance Correspondent Banking Compliance Auditing AML Actimize
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Chief Executive Officer, Technology & Consulting Business Unit
Utilities/Energy
Jan 2011 - Jan 2013
  • Full P&L responsibility for $230 million technology and consulting services subsidiary within BP’s portfolio, directed 1,300 resources in nine locations across three continents, serving all technology/automation requirements of the parent company.
  • Developed and implemented a three-year strategic transformation program. Shifted business focus to grow strategic value-add services, established a strong market presence for the company.
  • Led a continuous improvement plan. Centralized back-office functions and implemented Lean business processes.
  • Implemented Sanctions, FCPA, Bribery Act compliance program. Mitigated regulatory exposure and image risks for the corporation.
  • Measured results: $27 million NPV; reduced headcount 40%+ by outsourcing non-strategic services. Decreased operational costs by 25%. Avoided fines and image risks associated with sanctions violations.
Compliance Mitigation Sanctions FCPA Bribery Act Risk Management
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CEO
Utilities/Energy
Jan 2005 - Jan 2011
  • From 2009 to 2011, was CEO of the AES Power Generation division, a $200 million subsidiary while also overseeing operational and financial performance improvement efforts at other AES’ companies across Europe, LatAm, and Africa.
  • As COO of AES Utilities Division from 2007 to 2009, led all operational aspects for two utility companies with combined revenue of $300 million and 4,500+ employees serving 1.2 million customers.
  • From 2005 to 2007 as CIO of the Utilities Division, directed IT and telecommunication resources in multiple locations; managed all IT and telecommunications operations, planned, prepared, and executed CAPEX/OPEX budgets; developed, implemented, and ensured compliance with policies and procedures.
  • Business turnaround: Revitalized Power Generation underperforming business by developing and implementing new commercial strategy. Implemented enterprise-wide Lean/Continuous Improvement program. Led M&A initiatives adding to and optimizing existing assets portfolio.
  • Measured results: increase revenue (+25%) and EBITDA (+15%).
  • Business improvement: Significant performance enhancement in AES Utilities Division by replacing outdated operational processes with world-class best practice processes/systems; optimized CAPEX program for infrastructure reconstruction and maintenance by reallocating $25 million.
  • Measured results: increase revenue (+10%), productivity (+15%), customer satisfaction (+20%).
  • Business Legal & Compliance enhancements: Ensured business’ compliance with OFAC, FCPA, and SOX 404 standards and regulations. Established collaborative relationships with EU legislative and regulatory bodies.
  • Measured results: minimized regulatory exposure and image risks; adoption of legislative initiative.
  • IT transformation: Spearheaded a $7 million IT development initiative. Led SAP ERP/CCS implementation in two businesses. Consolidated 45 data centers to 2 facilities.
  • Measured results: Reduced technology infrastructure costs 70%+.
SOX Project Management OFAC M&A Compliance
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Managing Consultant, Integration Services
Information Technology
Jan 2000 - Jan 2005
  • Managed design, development, and implementation of multiple simultaneous medium/large consulting engagements with annual value of up to $20 million.
  • Directed multiple teams at diverse client sites (US Department of Navy, US Naval Supply Command, State of California Auto Insurance Compliance Agency) and delivered comprehensive service offerings.
Project Management Compliance Information Technology
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Project Manager
Healthcare
Jan 1991 - Jan 2000
  • Healthcare & Retail industries
Project Management Healthcare Retail
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Edit Skills
Non-cloudteam Skill
Education
Attended in Management Financials
London Business School 2009
Attended in Financial Leadership
University of Virginia Darden School of Business 2008
Attended in Executive Leadership
University of Virginia Darden School of Business 2006
Bachelor's in Mechanical Engineer
Southern Federal University (former Rostov State University) 1989
Certifications
CAMS (Certified Anti-Money Laundering Specialist)
ACAMS
Skills
Project Management
2021
28
Compliance
2021
21
Healthcare
2000
9
Retail
2000
9
Actimize
2021
8
AML
2021
8
Auditing
2021
8
Correspondent Banking
2021
8
Data Governance
2021
8
Risk Assessment
2021
8
M&A
2011
6
OFAC
2011
6
SOX
2011
6
Information Technology
2005
5
Bribery Act
2013
2
FCPA
2013
2
Mitigation
2013
2
Risk Management
2013
2
Sanctions
2013
2
Anti-Bribery
0
1
Banking
0
1
BSA
0
1
CAMS
0
1
Change Management
0
1
ERM
0
1
Financial Crimes
0
1
Global Sanctions
0
1
KYC
0
1
Mergers & Acquisitions
0
1
Patriot Act
0
1
Process Improvement
0
1
Program Management
0
1