Financial Services/Product Management Professional
Greater New York City Area
- Current
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- Senior Engagement Manager / Product Technical Manager at Accuity
- Past
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- Technical Specialist at Swiss Bank
- Consultant at Digital Equipment Corp.
- Project Manager at Marine Midland Bank
- Senior Programmer Analyst at RCA Global Communications
- Recommended
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7 people have recommended Eric - Connections
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356
connections
- Industry
- Banking
Eric A. Sohn, CAMS’s Summary
Progressive career leading the integration of technology and product design/development projects for major financial service companies. Proven ability to automate complex manual processes and refine innovative products/services to drive value, efficiency, and market share in highly competitive industries. Fluent in technical, operations, and marketing roles. Published thought leader on regulatory compliance, process innovation and efficiency.
Certified Anti-Money Laundering Specialist (CAMS)
Eric A. Sohn, CAMS’s Specialties:
Key Strengths
● OFAC/Anti-Money Laundering/USA Patriot Act Compliance ● Sales Support
● Risk Analysis/Management ● Product Innovation ● Client Services
● Relationship Management ● Business Development ● Process Improvement ● Vendor Relations ● Money Transfer Networks
Eric A. Sohn, CAMS’s Experience
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Senior Engagement Manager / Product Technical Manager
Accuity
(Privately Held; Banking industry)
2005 — Present (4 years )
Lead consultant. Sales support: sales calls, proposal prep, training. Engagement mgmt: Proj. mgmt, co. liaison, business process/data analysis, prod./industry training, tech review, troubleshoot installs
• Prevented $250K acct loss
• Billed 1/2 of dept billing for 1st 2 yrs of dept
• Follow-on billing:
• $67.5K invest. bk
• $20K ins. co
• $180K Tier 1 bk
• $10K cdt union
• Designed business/tech client training
• Developed webinars: false positive reduction, best practices
• Money Laundering Bulletin articles: false positive reduction (11/07), PEP screening (3/08)
• ACAMS Today article: compliance initiatives in lean times (3/09)
• Designed prospect qual. sales training
• Named to product ergonomics committee
• Proposals:
• SWIFTnet watch list screening svc, triage & research svc bureau
• BSA/AML bank exam. response pkg
• Data product: HIDTA/HIFCA cross-ref w/city, state, zip
• Include UN NGO DB in data products
• Designed error correction for watch list matching -
Independent Consultant
Accuity
(Privately Held; 51-200 employees; Computer Software industry)
2005 — 2005 (less than a year)
Engaged for one-month contract to review regulatory compliance (governmental sanctions list compliance) product line. Reviewed product functionality and documentation, surveyed customers, interviewed sales and product management staff, performed competitive survey, and reviewed trends in RFP/RFIs.
• Offered 34 significant recommendations, including creation of out-of-the box strategic partnerships with major industry software applications and increased development to support industry middleware and transport standards/significant products. -
Project Manager
UBS
(Public Company; 10,001 or more employees; UBS; Banking industry)
1999 — August 2004 (5 years )
Managed wholesale funds transfer development initiatives. Primary IT representative for problem management, requirements gathering, project scoping, resourcing. Liaison with Funds Transfer Operations, Correspondent Banking, Electronic Banking, Legal & Compliance representatives. Selected, trained, mentored 4 staff. Developed business continuity planning automation
• Served on industry task force for major functional redesign of CHIPS, which transfers in excess of $1 trillion daily
• Championed implementation of client/server watch list compliance solution, reducing risks, increasing service quality. Built business case for replacing legacy solution, selected vendor, secured buy-in from stakeholders
• Design partnership with vendor reduced specific manual operations 60% (app. 1/3 FTE, $25K/yr)
• Worked with compliance vendor to specify, refine rules-based reduction of false matches to regulatory watch lists
• Reduced cdt risk via analysis, redesign of future advising product -
IT Liaison / Operations Manager
UBS
(Public Company; 10,001 or more employees; Banking industry)
1997 — 1999 (2 years )
Supervised and coordinated daily workflow of 11 funds transfer operations staff. Managed bank’s intraday and end of day liquidity at Federal Reserve Bank and CHIPS. Served as liaison to Information Technology, Correspondent Banking, Electronic Banking, Legal & Compliance groups. Provided functional specification of system enhancements. Reported and tracked software defects.
• Redesigned work processes of foreign exchange retail back office, reducing document and data control risks.
• Analyzed data and specified system enhancements, which reduced specific manual operations by 50% (equivalent to 1.5 FTE or $60,000/year). -
Technical Specialist
Swiss Bank
(Public Company; 10,001 or more employees; Banking industry)
November 1989 — 1997 (8 years )
): Provided primary funds transfer application support. Supervised up to five staff. Developed infrastructure and standards for coding, code management, release management, and business continuity management.
• Improved functionality that reduced dependence on specific manual operations by 75% (equivalent to 0.1 FTE or $10,000/yr).
• Designed value-added services for funds transfer product, allowing customers on-demand confirmations of debits to their accounts.
• Partnered with industry colleagues on CHIPS Settlement Finality functional specifications for software vendor.
• Automated end-of-day processing.
• Earned Excellence in Action Award for implementation of OFAC compliance product. -
Consultant
Digital Equipment Corp.
(Public Company; Banking industry)
1987 — 1989 (2 years )
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Project Manager
Marine Midland Bank
(Banking industry)
1985 — 1987 (2 years )
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Senior Programmer Analyst
RCA Global Communications
(Public Company; Banking industry)
1984 — 1985 (1 year )
Additional Information
Eric A. Sohn, CAMS’s Groups:
Association of Certified Anti-Money Laundering Specialists (ACAMS)
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The Innovators Network -
DEC Alumni -
Global Corporate Fraud and Compliance Professionals -
WorldWide SWIFT Group -
SWIFT Connectivity Network -
Payment Systems Network -
Treasury Services Network -
Twitter -
UBS Investment Bank / UBS -
Communicator's Conference -
Swiss Bank Corporation Alumni -
Tweeple -
International Compliance Association -
AMLAC - Anti-Money Laundering, Audit, Compliance and Fraud Forum -
Compliance - Banking and Finance
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West Coast Anti-Money Laundering Forum -
CompliancEX -
Financial Intelligence -
Regulatory Compliance Association -
Customer Due Diligence -
Financial Services Regulation -
Best Use of Your (BUOY) Network
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ProductCamp NYC
Eric A. Sohn, CAMS’s Honors:
Published article in ACAMS Today
Published 2 articles in Money Laundering Bulletin
Published 2-part series on innovation in Inventor's Digest.
Certified Anti-Money Laundering Specialist (CAMS)
Certified Professional Behavioral Analyst (CPBA)
Certified Professional Values Analyst (CPVA).
