Olayinka Emmanuel Okunade

ad0vu9@r.postjobfree.com

COMPLIANCE ANALYST

Analytical and goal-oriented AML analyst. My experiences and expertise span across the scope of Money Laundering I qzes12nvestigation, KYC - Know Your Customer, Enhanced Due Diligence, Risk Assessments/Ratings and Analysis

SKILLS

•MS Word/Excel

•FINCEN/OFAC/FINRA

•KYC Procedures

•LexisNexis/Actimize

•Customer Due Diligence (CDD)

•Enhance Due Diligence (EDD)

•Compliances & Legal Research

•Sanction List/PEP/SPF

•CRM

•MS Word/Excel

•MS Power Points

•SAR/CTR Filings

Citi Bank, Irving TX (Collabera) 04/2022 – 09/2023

AML compliance analyst /SAR Entry Analyst

Apply various AML regulations including the USA PATRIOT ACT, the Bank Secrecy Act and OFAC on each entity review.

Applying a working knowledge of and practical with transaction monitoring systems, such as Actimize, Goggle search, Lexis Nexis.

Conducting investigations of automated suspicious activity alerts, documenting Narratives on investigative, Findings, and Resolved escalated level 2 transactions identified during Maintenance processes to status.

Perform Customer Due Diligence & Enhanced Due Diligence on entities and Analyzing transactions data and conducting internal and external research on subjects using various search tools.

Conducted ad-hoc identify high-risk clients and entities including PEPs and individuals from high-risk jurisdictions.

Analyzed cases and investigated customers who match the Politically Exposed Persons and Negative

Responsible for ensuring and reviewing all KYC requirements for new client onboarding.

Conduct periodic and remediation alert reviews, identified multiple red flags such as unusual wires, checks, money order and cash transactions.

Draft and file Suspicious Activity Reports (SARs) consistent with FinCEN requirements, after the entire research is conducted.

Case investigations, analysis of the reports and statements, online research, further escalation if warranted.

Customer due diligence (CDD), risk assessments

Regulatory and management information reporting

Prosperity Bank, Dallas TX 06/2018 – 08/2021

KYC/AML Compliance Analyst (Consultant)

•SAR write up on account with confirmed suspicious activities using AML parameters as a yardstick.

•Detect money laundry trend and mitigate such trend from reoccurring by escalation or termination recommendation

•Enhance investigation on high-risk customers and make decision either to maintain or terminate clients with high-risk relationship.

•Using external search to corroborate finding from internal records (to further improve investigation) Utilizing LexisNexis or google search

•Utilize KYC to categorize various types of customer activity, low or high cash intensive activity

•Verify entities/customer from various screening and sanction by OFAC before onboarding entities with foreign contact, PEP, SPF or sanction individuals

•CIP (customer identification program) screening as mandatory for CDD & EDD.

•Identified inherent risks and updating internal control measures to improve the risk assessment efficiency

First National Bank, Lewisville, TX 02/2016 – 05/2018

AML Compliance Analyst

•Reviewed KYC and maintaining updated CDD parameters as part of internal control measures against inherent risk.

•Reviewed banking records and KYC documents and conducted due diligence reviews for customers also utilize LexisNexis or google search for Enhanced Due Diligence.

•Liaise and provide CDD for correspondent bank, whilst ensuring compliance in international transaction.

•Identified, documented, and filed transactional activity for evidence of Money Laundering red flags, suspicious transactions (STR), and unusual banking activities based on SEC and CBN policies.

•Ensure adoption of CIP (customer identification program) screening as mandatory for comprehensive and effective KYC onboarding or periodic reviews

•Conduct research and advise management regarding customer due diligence (CDD) and enhanced due diligence (EDD) standards and requirements.

•Resolve and provide reporting on CDD/EDD exceptions.

•Perform enhanced due diligence (EDD) reviews of all assigned high-risk customers. Understand the customer risk scoring models in accordance with departmental processes and procedures.

•Review alerts for potential Politically Exposed Persons (PEPs).

•Review high-risk customer negative news alerts.

Zenith Bank, Ogun State, NG 03/2015 – 01/2016

KYC/Compliance Officer

•Investigate alert on individuals and businesses client for potential suspicious activity

•Maintaining updated documentation for customer’s CDD for standard KYC profile

•Analyzed ownership structures, percentages of ownership, group-company relationships, risk ratings, and high-risk jurisdiction for corporate entities.

•Utilize AML findings or case disposition to categorize various types of customer’s activity ranging from low to high including cash intensive business designation (CIB)

•Verify entities/customer from various screening list such as OFAC before onboarding entities with foreign contact or PEP.

•Identified inherent risks and updating internal control measures to improve the risk assessment efficiency using the Wolfsburg principles.

Education

Bachelor of Science, Economics University of Ilorin, Kwara State, Nigeria. 2014

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