Sal Fragapane

Background

About Sal Fragapane

I am BSA/AML and Compliance Bank Examiner and Technical Team Lead in the Large Bank Division of the OCC. I spend a majority of my time conducting and assisting in the supervision of compliance activities in large national and international banks. I have been an active member of the OCC's Compliance and BSA Advisory Groups, the BSA Subgroup, and the Compliance Subgroup. I frequently interact with colleagues in Washington, DC and regularly work alongside our Policy, Legal, Lead Expert, and Enforcement teams. My current focus is owning, leading, and managing BSA/AML/OFAC exams and exam strategy planning within our International Banking portfolio in Manhattan. I’ve also served in prior roles over the past 12 years as a Team Lead for BSA/AML/OFAC and Consumer Compliance, a Team Lead for Operational Risk, Governance, Enterprise Risk Management, and Internal Audit, and led the oversight and workout of a $1 billion Compliance Consent Order within our mega bank portfolio. I plan, coordinate, and monitor compliance supervisory activities, including identifying and communicating risk issues, developing supervisory strategies, determine the scope of exams, and manage teams of examiners. In addition, I lead discussions with bank management on findings and recommendations, prepare communications to foster positive changes within banks, and maintain effective communications within the OCC and ensure that appropriate coordination and follow-up activities take place. I have participated as a speaker at an FFIEC conference. I also provide compliance leadership and training to other examiners and serve as a compliance consultant to employees and managers. In addition, I participate in various assignments at other large bank and international institutions across the country and other Washington, DC office assignments as requested. I have been a part of the OCC's cadre of recruiters and served as a former Functional Examiner in Charge (FEIC) of all things compliance at 2 credit card banks. I completed a rotation at HQ in Washington, DC in the Comptroller's front office working each day alongside the Comptroller, Chief of Staff, and the Executive Team. I also completed a rotation within our BSA/AML Lead Expert Team in Washington, DC. During my tenure with the OCC I have worked on and/or led a variety of BSA/AML bank exams at 12 different institutions including 2 BSA/AML exams in London for 2 different mega bank institutions within our portfolio. I also maintain a focus and an OCC Specialty Skills designation in BSA/AML.