BSA Compliance Analyst/ CDD Analyst

ADEOLA FOLARANMI

Mobile: 469-***-****)

Email: ad1r1j@r.postjobfree.com

PROFESSIONAL SUMMARY

Experienced AML Analyst remaining observant while investigating suspected money laundering incidents. Collecting information on new clients to identify potential risks and determine an appropriate level of due diligence for each account. Forward-thinking and aware of current trends within this specialized field.

PROFESSIONAL EXPERIENCE

Sterling Bank & Trust March 2022 - Present

Job Title: BSA Compliance Analyst/CDD Analyst

Reviewing alerts generated by Yellow Hammer, Unusual Activity Reports (UARs), information-sharing, law enforcement requests, and other manual reports and recommending alerts for further investigation, as needed.

Generating quality reviews whilst ensuring it conforms with the basic guidelines for their submission.

Reviewing banking records and KYC documents and conducting due diligence reviews.

Conducting periodic reviews for low-risk and medium-risk rated customers.

Ensuring the customer’s level of risk rating is accurate as is or needs to be adjusted based on documentation provided in the alert review.

Monitoring the customers’ transactions to determine if such transactions are consistent with normal and expected transactions for that customer.

Initiating a Request for Information (RFI) via Resolver, if there is any transaction that requires customer contact to understand the nature and purpose of the activity or the relationship between the 3rd party and the customer.

Utilizing transaction monitoring and case management systems (as available), vendor solutions, and open-source tools to conduct investigations.

Determine whether an activity should be escalated for further review based on alert review and made the appropriate referral.

Providing feedback to the BSA Compliance Manager involving ongoing alert reviews, escalated alerts, and issues that require management action and case investigation.

Conducting thorough reviews and analysis of individuals, entities, and countries against OFAC’s Specially Designated Nationals (SDN) and Blocked Persons List to identify potential matches and ensure that Sterling Bank & Trust does not engage in prohibited transactions with sanctioned entities.

USAA (Treliant Resources LLC) November 2021 - March 2022

Job Title: FIU Analyst

Reviewed and independently assessed Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) cases derived from customer profile monitoring to ensure complete and accurate Know Your Customer (KYC) profiles and Customer Identification Program (CIP) requirements.

Assessed if the customer’s level of risk rating is accurate as is or needs to be adjusted based on documentation provided in the alert review.

Performed Negative News and PEP Screenings on customers using Lexis Nexis and Open source.

Determined risks associated with customer types when engaged in Customer Due Diligence (CDD) and determined the mitigating measures for various risk customers.

Reviewed and independently assessed cases derived from Anti-Money Laundering/Bank Secrecy Act suspicious activity monitoring and Economic Sanctions/Office of Foreign Assets Control screening.

Conducted transaction monitoring of assigned accounts to assess potential suspicious activity on the account and red flags for money laundering, terrorist financing, fraud, and any other type of financial crime activity.

Compared observed activity with customer’s KYC and expected activity profiles for potentially suspicious transactions or behaviors.

Prepared observations from review and analysis by compiling review notes, documentation, and resolution.

Disposition of alerts within the Case Management Systems.

Woodforest National Bank

Job Title: FIU Analyst January 2021 - August 2021

Reviewed banking records and KYC documents and conducted due diligence reviews for customer onboarding.

Interacted with various client compliance and operational staff, customer service areas, and management in conducting reviews.

Determined whether an activity should be escalated for further review based on alert review and advised accordingly.

Reviewed and independently assess Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) alerts derived from customer profile monitoring to ensure complete and accurate Know Your Customer (KYC) profiles and Customer Identification Program (CIP) requirements.

Used transaction monitoring and case management systems (as available), vendor solutions, and open-source tools to conduct investigations.

Completed analysis of transactional information to identify risk, trends, and potential wary activity.

Prepared observations from review and analysis by compiling review notes, documentation, and resolution.

Reviewed customer’s KYC documentation to determine if the customer is whom they say they are, and properly documented the KYC records.

Reviewed prior SARs to check for transaction errors and filled in a correctional SAR where necessary.

Go Credit Union

Job Title: AML/SAR Writer January 2018 - December 2020

Reviewed prior SARs for patterns of continuous suspicious activities, to determine what type of SARs to be filed.

Drafted SAR templates for Follow-up SARs and New SARs.

Reviewed SARs and escalated errors found in SARs to the SAR committee.

Identified fraudulent transactions and canceled them from further processing as well as identified system improvement to prevent fraudulent activities.

Prepare observations from review and analysis by compiling review notes, documentation and

Conducted ad hoc escalations, KYC remediation, complex analysis, and Enhanced Due Diligence (EDD) to determine the classification of clients in line with the bank’s risk methodology.

Observed customer transactions to identify fraudulent activity such as credit card fraud, account takeover, friendly fraud, ACH transactions, wires, and credit card fraud.

Conducted investigations on customer activity generated by the Bank's AML program as well as bank personnel referrals for manually generated alerts, cases, and Unusual Activity Reports.

Reviewed system-generated transaction reports and investigated account activity for potentially suspicious activity, including structuring and high-risk wire activity from inception to completion and eventually draft SARs.

Conducted enhanced due diligence (EDD) research/continuing due diligence and completed related reports.

Assisted with Bank's compliance risk assessment program, as well as enhanced due diligence (EDD) reviews.

Ennis State Bank

Job Title: KYC Analyst August 2015 - January 2018

Gathered and assessed AML documents in accordance with current KYC Policies and provided rationales when client risks were identified.

Ensured that sufficient information is collected by lines of business to develop an understanding of normal and expected activity based on customer’s employment and location or business operations for high-risk customers.

Participated in the formulation of key policies and procedures to ensure the team and analyst were working in compliance with the bank and external requirements.

Escalated critical issues to the quality control supervisor/manager.

Provided timely and complete resolution of ad-hoc internal and external data queries.

Conducted audit reviews of new Customer Information File (CIF)/KYC documentation for BSA Risked rating validation at customer onboarding and during periodic due diligence reviews.

Collected and reviewed AML documents in accordance with current KYC Policies and provided rationales when client risks were identified.

Provided subject matter expertise where needed, during my Due Diligence, and Enhanced Due Diligence (EDD) process, and escalated suspicious findings to the Compliance team for Specialized Due Diligence.

Conducted and created EDD profiles for each new/onboarding and client review using a templated format provided by the bank.

EDUCATION

CAMS Certification in View

Project Management Professional (PMP) 2021

Ladoke Akintola University of Technology, Nigeria 2009

Masters of Business Administration in Marketing

Ladoke Akintola University of Technology, Nigeria 2006

Bachelor of Technology in Accounting

SKILLS

• Project Management and Monitoring

• Internal Control Compliance

• Outstanding Attention to Detail

• Excellent Time Management Skills

• Regulatory Compliance Understanding

• Strong Team Player

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