Jacob Bragin
St. Simons,GA
Summary
PROFESSIONAL SYNOPSIS 15 + years of developing and administrating Governance, Risk, & Compliance programs from Start-ups to Top Tier Banks. Team builder who facilitates maximum growth while still achieving efficiencies & minimizing exam findings. Savvy at translating new laws, rules, and regulations into operational requirements.
Overview
15
15
years of professional experience
Work History
Chief Compliance and BSA/AML Officer
BitRail LLC
01.2021 - Current
- Partnered with the executive team in relaunching BitRail as Stable Token FinCEN registered Money Services Business (MSB) Payment Processor
- Successfully led redesign and execution of compliance and risk management framework, processes, and systems (e.g., new business/product launches, Compliance product prioritization, issue management, risk assessments, and licensing)
- Secured and managing regulatory requirements of Money Transmitter Licenses in 47 States
- Effectively developed relationships and represent the company's posture in critical regulatory exams and negotiations (e.g., State Examiners) and reviews with external partners to showcase the Risk and Compliance program covering all aspects of FinTech regulations (e.g., Consumer Protection, BSA/AML, Privacy, Licensing)
- Federal compliance violations dropped to 0 while State findings continue to decline by 15% year over year
- Managing a three-person compliance team, a 4-person CISO team, multiple compliance operations service providers, and outside legal counsel
- Onboarded two clients while leading the team in integrating three more prospects
- Managing EDD and Third-Party Vendor KYC/KYB
- Executed fraud risk strategies resulting in exposure of multi-party ACH frauds
- Over $1.2 million saved to date.
Strategy Consultant
Wells Fargo & Company
01.2020 - 01.2021
- Formed and supervised a project team of 10 that developed what was deemed Best-in-Class Regulatory Examination Management Policy Exception Vetting and Corrective Action Remediation platforms
- Facilitated implementation of platforms among 3+ divisions within Technology business lines, including Risk, Operations, and Information Security
- After project completion, the division experienced a net decrease of over 45% in missed deadlines for Regulatory Actions (e.g., Wells Notices).
Compliance Consultant / Co-Founder
Blue Star Consulting
07.2018 - 01.2020
- Designed and implemented an end-to-end risk assessment framework to identify and assess regulatory compliance and business risks and implement effective controls
- Implemented global ERM and Compliance program structure, standards, processes, and systems across all functions (e.g., risk assessment, regulation change management, controls implementation, business advisory, issue management and reporting)
- Led numerous compliance and risk management engagements for financial services companies, including global investment managers, hedge funds, and banks.
Deputy Chief Compliance Officer MONEX
01.2017 - 07.2018
- Diagnosed and remediated irregularities; yielded estimated savings of over $50 million
- Initiated customer dispute escalation program reducing complaints and litigation costs by over 60%
- Effected compliance strategy helping lead to favorable judgment on $225 million CFTC action.
Chief Compliance Officer / Co-Founder
InfoBridge
01.2016 - 01.2017
- Created methodology to assess regulatory compliance and operational risks
- Led evaluation and remediation of the current control environment, including regulatory, operational, and financial)
Senior Compliance Officer
JP Morgan Chase & CO
06.2013 - 01.2016
- Allied with Investment Bank's CCOs and Associate General Counsel to develop and implement policies and tools to ensure global compliance with corporate and regulatory mandates
- Assisted in coordinating 3 exams in U.S (e.g., OCC and FinCEN) and abroad (e.g., England's FCA and Singapore's MAS).
Compliance & Risk Manager
State Street Corporation
11.2008 - 01.2013
- Envisioned and instituted cross-functional (risk, compliance, audit, and IS) department within Investment Management Services division, leading to 20% increase in productivity
- Department head of 5 compliance managers with 15-20 Mumbai and Pune, India team members each.
Education
MASTER OF BUSINESS -
Rutgers University
Camden, New JerseyBACHELOR OF SCIENCE - FINANCE & ACCOUNTING
Drexel University
Philadelphia, PennsylvaniaSkills
- KEY PROFICIENCIES
- Regulatory & Corporate Compliance
- Bank Secrecy Act (BSA) & Anti-Money Laundering (AML)
- Corporate Governance
- Board Reporting
- Strategic Planning
Timeline
Chief Compliance and BSA/AML Officer
BitRail LLC
01.2021 - Current
Strategy Consultant
Wells Fargo & Company
01.2020 - 01.2021
Compliance Consultant / Co-Founder
Blue Star Consulting
07.2018 - 01.2020
Deputy Chief Compliance Officer MONEX
01.2017 - 07.2018
Chief Compliance Officer / Co-Founder
InfoBridge
01.2016 - 01.2017
Senior Compliance Officer
JP Morgan Chase & CO
06.2013 - 01.2016
Compliance & Risk Manager
State Street Corporation
11.2008 - 01.2013
MASTER OF BUSINESS -
Rutgers University
BACHELOR OF SCIENCE - FINANCE & ACCOUNTING
Drexel University
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