Jin Kim is a financial services professional with extensive experience in Anti-Money Laundering (AML), financial crimes, and Sanctions-related compliance. He has consulted for a wide range of clients on compliance with AML and Sanctions-related regulations and best practices for various compliance program components.
While working with a boutique regulatory consulting firm, Mr. Kim has participated in reviews of Bank Secrecy Act (BSA)/AML and Office of Foreign Assets Control (OFAC) compliance for major international financial institutions pursuant to supervisory mandates as well as in an audit capacity, evaluating the adequacy and effectiveness of internal controls with respect to BSA/AML and Sanctions risks. The work led to work papers with detailed descriptions of testing, methodologies, and findings that were submitted to the Federal Reserve Board. The reviews evaluated the adequacy and effectiveness of the institutions’ internal controls (e.g., governance framework, second line testing, internal audit, risk assessment, Know Your Customer [KYC], transaction monitoring) with respect to managing AML and Sanctions risks. He has also acted in an advisory capacity for financial institutions in identifying and addressing gaps within the compliance programs, including writing policies and procedures, and managed the internal audit function for Asian financial institutions as part of outsourced audit engagements.
Mr. Kim has also served as an AML and compliance consultant for several other organizations. He has experience utilizing publicly available and third-party vendor research tools to investigate foreign correspondent banking prospects and other high-risk entity accounts. Furthermore, Mr. Kim has assisted in the development and execution of action plans in response to regulatory examinations, acted as project manager for remediation efforts and manager for various business-as-usual processes, and drafted policies and procedures for various compliance functions.
Jin holds a BA in Economics from Vanderbilt University, and an MA in Economics/Finance from New York University, where he received the Excellence in Macroeconomics award. He is fluent in Korean and maintains close ties to the expatriate Korean banking community in the United States.