BABATUNDE AKANDE

Bordentown, NJ *****

+1-640-***-****

ad09r3@r.postjobfree.com

SUMMARY

Seasoned KYC/AML/FRAUD Analyst with vast experience gained from working with reputable financial institutions. Extensive knowledge of government sanctions, regulations and compliance polices. An Expert at CDD, negative news screening, EDD and PEP screening.

SKILLS

· Account review

. Risk Assessment & Mitigation

· Investigation Expert

· Regulatory Audit

· Risk Management

· Negative news screening

.SAR writing

· Fraud Detection

· Alert Identification

· TOOLS

· Lexis Nexis

· Actimize

· Norkom

· World check

· Pacer

· Clear

. Duns and Bradstreet

. Google/ ACI RED

EXPERIENCE

EASTERN BANK

MA.

AML/KYC ANALYST 09/2021 TO CURRENT

Assist Front Office in providing customer information updates on a regular basis to create transparency and to reduce risks.

Ensure KYC Standard/ Policy is consistently applied in the front office.

Assist with the Onboarding of new customers and periodic review of existing customers.

Kept comprehensive logs tracking compliance documents and tasks to contribute to achieve conformity with company policies and client expectations.

Participated in new client onboarding and contract renewal processes, conducting due diligence on contract performance and recommending adjustments to better meet client needs.

Identifies business customers who may be eligible for CTR reporting exemptions and refers the customer to the KYC Director for evaluation.

Conduct appropriate levels of due diligence on accounts based on the customer's risk score.

Maintained records detailing current, prospective and declined client profiles for further analysis and future reference in negotiation of new contracts and new client intake.

Developed comprehensive understanding of financial statements, enhancing opportunities to assess risk.

Monitored and maintained compliance with internal controls and government regulations.

Prepare well written Suspicious Activity Reports (SAR) on suspicious transactions and filling of suspicious activity reports, that are submitted to FINCEN.

CATHAY BANK

Los Angeles, California.

KYC/ AML/ FRAUD Analyst 07/2020 to 08/2021

Insurance Verification

Performs KYC alert reviews derived from alert and non-alert-based sources, such as Manual reports submitted by employees.

Researches, analyzes and manipulates transactional data using system-generated spreadsheets to identify suspicious activity.

Utilize the U.S. Patriot Act, Bank Secrecy Act, AML and OFAC laws as a guideline for carrying out investigations on individual and company accounts.

Identifies business customers who may be eligible for CTR reporting.

Provide day-to-day support and oversight to the business on OFAC/sanctions issues.

Ensure KYC standard/policy is consistently applied in the Front Office.

Determine the appropriate course of action for adjudication, including but not limited to, closing the alert, creating a case for further investigation, flagging the customer for EDD Review, and/or, filing a Suspicious Activity Report with FinCEN.

Identified potential risk exposure to develop corrective action plans.

Analyzed risk management and incident reporting strategies and data to create educational programs.

Conduct appropriate levels of KYC / due diligence screening on accounts based on the customer's risk score.

SKYE BANK PLC

NG

Senior KYC/FRAUD Analyst 09/2016 to 05/2018

Monitored media reports to evaluate customer's Negative news, publicity quality and check if they pose any reputational risk to the organization.

Conduct appropriate levels of due diligence on accounts based on the customers risk score.

Collaborated with KYC officials to analyze transaction data and identify patterns and trends potentially indicative of unethical activity.

Kept comprehensive logs tracking compliance documents and tasks to contribute to achieve conformity with company policies and client expectations.

Participated in new client onboarding and contract renewal processes, conducting due diligence on contract performance and recommending adjustments to better meet client needs.

Maintained records detailing current, prospective and declined client profiles for further analysis and future reference in negotiation of new contracts and new client intake.

Developed comprehensive understanding of financial statements, enhancing opportunities to assess risk.

EDUCATION AND TRAINING

Ambrose Alli University, Nigeria – BSc Business Administration 2000 – 2005

Certificate - Basics of Compliance Management.

Certificate - The Fundamental Principles to Anti Money Laundering.

Certificate - Know Your Customer & Customer Due Diligence.

Certificate - Fraud Detection and Prevention.

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