Gary Ferrari

Gary Ferrari

gferrari@batesgroup.com

Gary Ferrari is a career compliance risk management leader in global financial institutions and consulting firms. He has served in several senior-level leadership positions and governance roles integral for building, executing, and remediating regulatory and financial crime/anti-money laundering (AML) compliance programs throughout the United States, Canada, Latin America/Caribbean, Japan, Asia-Pacific, and Australia. He has focused on the Pillars of Compliance, designing the framework, standards, and methodology for building and resourcing compliance programs, and overseeing core compliance functionality (risk assessment and strategy, policy governance, learning programs, monitoring and testing, and issue escalation and reporting).

Mr. Ferrari was Vice President - Auditing with American Express where he oversaw three offices for the conduct of financial, operational, and systems audits throughout North America. As VP for Compliance and Ethics at American Express, he built and executed a formal compliance program covering 100-plus federal-level business laws through direction of a team of 50 direct and dotted-line compliance professionals in the United States as well as internationally. And as Chief Financial Officer for the Company’s Wholesale Travel product line, Mr. Ferrari conducted Controllership and Planning and Analysis activities to support four General Managers and product line P&Ls, leading 75 staff in Atlanta, New York, and Honolulu.

As a Senior Director for Compliance with Standard Chartered (acquirer of American Express Bank), Mr. Ferrari completed remediation of the federal regulatory supervisory action at AEB’s Private Bank serving Latin American customers, then returned to New York to co-lead a separate remediation effort for an AML regulatory action brought by the New York State Banking Dept. (now DFS) against the global Correspondent Banking division.  As a Core Compliance Leader at GE Capital, Mr. Ferrari conducted a build-out of core compliance program components in GECC’s largest division ($100B Ending Net Investment) supporting specialty commercial finance products under newly applicable Federal Reserve Bank supervision as an S&L Holdco.

Mr. Ferrari was a Senior Managing Director of AML Consulting for IPSA International, where he led teams of consultants in advising on, evaluating and remediating deficiencies of AML programs at global banks and FIs, and smaller banks frequently lacking scale and resources to keep programs current. Engagements delivered AML investigative, advisory and technology services for program design and effectiveness, remediation of regulatory enforcement orders, and optimizing AML monitoring technologies to eradicate root causes of symptoms that manifest themselves in alert backlogs and transaction look-backs. As Practice Head, led business development, client relations, and service delivery for transaction look-back and KYC client profile remediation; alert, case, and SAR inventory clearance; quality control testing; independent program assessment; MRA/enforcement order remediation; and AML model implementation, optimization, or validation.


Credentials

EXPERIENCE

Ernst & Young LLP, Executive Director, Financial Crime Advisory, 2018 – 2019

IPSA International, Sr. Managing Director, AML Consulting, 2014 – 2017

GE Capital, Core Compliance Leader (Executive Band), 2011 – 2014

Citibank, SVP/AML, Advisory, Global Consumer Cards, 2011

Gary Ferrari & Associates, President, 2009 – 2011

Standard Chartered, Senior Director – Compliance, 2008 – 2009

American Express, Various positions, including Vice President for Audit, North America; Vice President for Finance, U.S. Travel Service; and Vice President for Compliance and Ethics, 1992 – 2008

EDUCATION

St. Peter’s University, Jersey City, NJ, Bachelor of Arts, Business Administration

Pace University, New York, NY, MBA Studies

Automat:ee