Arnold Scher

Manage Anti-Money laundering engagements

Managed the AML Practice of this market-leading vendor of compliance systems. Responsibilities include P&L for product installations, client satisfaction, client customizations, resource allocation and utilization.

Created a global anti-money laundering system covering all lines of business including: Treasury; Private Bank; Investment Management; Retail Bank; and the Commercial Bank. Developed a data warehouse containing account and customer information along with wire transfer and DDA activity. Monitored ove

Responsible for the design and development of new SWIFT based products to further drive the growth of this internet startup business

Software Development and Consulting business, selling and delivering a wide range of software and service products, to clients in the financial services industries.

Responsible for all software development, installations and sales of the companies’ product line. Directed a team of 25 programmers and system designers; 5 sales professionals and 1 market analyst. Accountable for all system installations at client locations (international sites) including; hardware

Opened New York Office of this UK based company. Had Full P&L responsibility for the specification, development, support, and marketing of company’s communications, money transfer software, and consulting service product lines.

Member of IBM Task Forces on Banking Systems and IBM Task Force on Communications Systems These Task Forces resulted in IBM’s entry into the SWIFT market with the DSL/ MERVA and the S/7 Products. Sold to Public Utility companies and Banks. Sold Central office automation to the phone company, th