NYIF
CFPInstructor
Vincent Primerano
Practical Experience:
Vincent N. Primerano (Vince) is a New York Institute of Finance faculty member with over 30 year experience at the JPMorgan Chase Bank, N.A. in Auditing, Bank Operations and International Banking.
Vince began his career with JPMorgan Chase Bank as the Senior International Operations Auditor. In that capacity, he formulated and supervised all international operations audits and investigated all fraud and defalcations. The areas for which he had auditing responsibility included: Letters of Credit, International Loans, International Private Banking, Domestic and International Funds Transfers, Foreign Exchange Trading and Payments, Domestic and International Check Collections, Foreign Documentary Collections, Incoming and Outgoing International Cash Letters, International Account and DDA Services, Vostro and Nostro Reconciliations, and Nassau Branch and Edge Act Operations. This position required a thorough knowledge of the products, the risks, and the operations of those departments, along with the applicable accounting and banking regulations. He was responsible to review and approve new and existing procedures and controls, and submit Audit Reports to management.
Vince moved on to be an Assistant Vice President and Operations Manager and was in charge of several different International Operations Departments. His experience and expertise covers actually managing the following products: International Cash Letter and Deposit Processing, Domestic and International Check Collections, Documentary and Trade Collections, Foreign Check Purchases and Outgoing Cash Letters, U.S. and Foreign Currency Check Return Items, Reimbursement Letters of Credit, International Account Services, and DDA Bookkeeping and Check Review Services. In his various positions, Vince gave regular detailed training classes to internal and external business partners and customers of JPMorgan Chase on these products in New York and in several countries around the world. He also gave regular seminars on International Cash Letter Processing, Domestic and International Check Collections, and Documentary and Trade Collections for The Bank Administration Institute (BAI), The International Financial Services Association (IFSA) formerly The Council on International Banking (CIB), and The New York Clearinghouse, both at locally given seminars and annual national conferences.. Vince has since returned to SUNY/WCC and received Paralegal Certification.
Areas of Expertise:
Auditing, Risk and Control Reviews International Cash Letter and Deposit Processing, the U.S. Check Processing system International and Domestic Check Collections, Documentary and Trade Collections. International Chamber of Commerce, Uniform Rules for Collections, Publication 522 Uniform Commercial Code, Articles 3 and 4 (Bank/Customer Relationship and Negotiability) OFAC, SDN and Anti-Money Laundering Regulations including The USA PATRIOT Act of 2001 Know Your Customer and Money Laundering Awareness PoliciesEducation:
SUNY/WCC, Paralegal Certification, 2006 Association for Financial Professionals, Certified Treasury Professional Certified Cash Manager, Treasury Management Association American Institute of Banking, International Banking Bank Administration Institute, Bank Operations; Iona College, Business Administration, AccountingPublication(s):
“Checks and Other Financial Instruments” (JPMC Internal) “House Account Procedures” (JPMC Internal) “Know Your Customer and Money Laundering Awareness” workshopCourses:
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