Elizabeth Kay, a Director with Treliant, is an experienced executive with experience in banking, anti-money laundering, sanctions, securities, derivative, and fiduciary compliance and conduct risk. She has over 30 years of industry experience and has held senior compliance, audit, finance, and project management positions at prominent financial services organizations, including Citigroup, American Express, Commerzbank AG, Royal Bank of Scotland, the Depository Trust & Clearing Corporation, and Lehman Brothers.

Elizabeth’s assignments have included remediating and testing controls in second and third line of defense roles at financial institutions operating under public and non-public enforcement actions. She has designed and implemented second-line-of-defense testing programs, including developing and implementing policies and procedures, establishing and executing against an annual testing plan, and reporting and escalating plan progress and issue status to senior management and various governance forums. She has executed anti-money laundering; sanctions; anti-bribery and corruption; conduct; and fraud risk assessments associated with banking, securities, and derivative regulations. At a global bank holding company, Elizabeth was responsible for Audit Committee reporting and the financial reporting operations of specialized industry groups within the Corporate Bank.

As a 2nd line and 3rd line of defense tester/auditor, Elizabeth has designed and tested BSA/AML and sanctions programs, code of conduct programs, insider trading Programs, control room operations, outside business activities, email surveillance, fiduciary requirements under Regulation 9, sales practice oversight, investment suitability, client complaints, corporate governance, vendor management, legal department operations, regulatory and financial reporting, and financial statements.

Elizabeth has experience working with federal, state, and European government agencies, including FRB, OCC, SEC, FINRA, NFA, NYDFS, Connecticut Department of Banking, European Central Bank, and Deutsche Bundesbank.

Elizabeth earned her BS in accounting with distinction from Marywood University. She has obtained the following certifications/licenses: Certified Anti-Money Laundering Specialist (CAMS), Certified Fiduciary and Investment Risk Specialist (CFIRS), Certified Public Accountant (CPA), Registered Representative (Series 7), and Registered Investment Advisor (Series 68).

Areas of Specialization

  • Anti-Bribery and Corruption
  • Anti-Money Laundering / Bank Secrecy Act
  • Compliance Audits
  • Compliance Programs
  • Conduct Risk
  • Corporate Governance
  • Credit Risk (Business)
  • Due Diligence
  • Email Review / Surveillance
  • Ethics Programs
  • Financial Investigations
  • Forensic Compliance
  • OFAC / Economic Sanctions
  • Operational Risk
  • Project Management
  • Regulatory Exam / Management
  • Regulatory Relations
  • Remediation Plans / Implementation and Effectiveness Testing
  • Retail Sales Incentive Practices
  • Risk Assessments
  • Third-Party Risk Mitigation
  • Trading Room Conduct & Compliance