Karen Coomes is a highly experienced Certified Regulatory Compliance Manager (CRCM) with over 18 years of dedicated expertise in the financial services industry. She specializes in developing, implementing, and managing robust compliance programs that align with federal and state regulations, including BSA/AML, OFAC, consumer protection laws, and operational risk. Karen is adept at interpreting complex regulatory requirements and translating them into actionable policies and procedures. She has a proven track record of successfully leading compliance teams, managing regulatory examinations, conducting risk assessments, and fostering a strong culture of compliance within organizations. Her strategic approach focuses on mitigating risk while supporting business objectives, ensuring institutions operate with integrity and in full adherence to legal standards. Karen is also skilled in employee training and development, ensuring that staff at all levels understand their compliance responsibilities.
Karen Coomes's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:
Spearheaded the preparation for multiple critical regulatory examinations (e.g., FDIC, OCC, CFPB), resulting in satisfactory ratings and minimal findings by implementing proactive remediation plans and robust internal controls.
Designed and rolled out a comprehensive Anti-Money Laundering (AML) program for a mid-sized financial institution, significantly enhancing transaction monitoring capabilities, SAR filing accuracy, and overall BSA compliance posture.
Revamped the compliance training curriculum and delivery methods, leading to a measurable increase in employee awareness and a significant reduction in policy breaches and operational errors related to compliance.
Earned the Certified Regulatory Compliance Manager (CRCM) designation, a prestigious certification awarded by the American Bankers Association, signifying expert knowledge in regulatory compliance.
University of South Florida
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Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services. The company provides services through operations across the United States, its territories and more than 35 countries. It is a major player in global banking and is one of the 'Big Four' banks in the United States. In 2006, Bank of America acquired MBNA Corporation, then one of the largest credit card issuers, significantly expanding its credit card portfolio and market share. MBNA's operations were integrated into Bank of America's existing credit card division.
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