Due Diligence Anti-Money Laundering
Resume:
- GLORIA DAVIS
*******@*****.***
SUMMARY
Over Six years of diversified AML compliance experienced Analyst with a demonstrated understanding of Risk mitigation, KYC remediation, Suspicion activity Reporting, BSA/AML/OFAC regulations and guidelines. Strong emphasis on investigating, researching, account analysis, and evaluating varying degrees of complex cases of suspicious financial activity for possible Anti-Money laundering violations involving all bank lines of business. Proven ability to analyze complex business processes, identify areas for improvement, and implement solutions, driven by the ability to enhance processes and mitigate potential risks.
SKILLS
Bank Secrecy Act - BSA
Due Diligence (CIP)
EFE Filing ( Elder Financial Exploitation)
US Patriot Act
Know your customer KYC
Customer due diligence and Enhanced due diligence
Suspicious Activity Reports – SAR
Currency Transaction Reports - CTR
SAR/CTR Filings
FINCEN/OFAC /FCC Regulatory
Case Management Tools Actimize/ECAMS/ SAFIRE/Patriot Officer/Risk Manager
SharePoint / Lexis LexisNexis
Risk Assessment & Analysis
MS Word/Excel/ Google spreadsheet
Hummingbird, Clear, Minerva AI, Salesforce, Gondor
Blockchain Analysis /Crypto destinations
Open-Source Intelligence tool(OSINT)
Quality Assurance/ second level reviewer
MBO PARTNERS (CONTRACT)
BSA AML ANALYST November 2023 – May 2024
DUTIES
Conduct a retroactive (lookback) review of activity., the transaction data for patterns and anomalies using general reasoning and logic; conduct detailed research, fact-finding, and analysis; develop a narrative from research findings and identification of transaction patterns and anomalies.
Conducting investigative research of individuals, entities, and events related to current or prospective customers through public records, open-source media, vendor systems, or other research tools and reviewing customer’s onboarding documentation according to current procedures to identify, assess, and mitigate BSA/AML risk.
Investigate suspicious activity cases generated by the internal automated AML/BSA monitoring system or Unusual Activity Referrals reported by Branch personnel and other lines of business. Compiles supporting documents; prepares SAR narrative, based upon independent investigation and analysis, then files it through the FinCEN E-filing system within 30 days of determining that the activity is suspicious to comply with Federal regulations. When necessary, determine and recommend restrictions or closure of account(s).
Prepares detailed investigative reports for senior management which provide a recommendation as to whether a member’s transactional activity is suspicious and thereby requires a SAR filing or if a “No-SAR” determination is more appropriate. The recommendation will be based on an assessment of internal and external data sources. The recommendation will involve an analytical assessment of all available information and the exercise of judgment that includes a description of their reason(s) or rationale for recommended courses of action.
Review individuals’ and entities’ accounts reported in a Subpoena utilizing different management systems to determine if money laundering or other suspicious activity noted in the accounts should be reported. Prepares SARs if necessary.
Performs 90-day reviews on account activity for submitted SARs and determines if the previously reported suspicious activity has continued or ceased. Files supplemental SAR if additional suspicious activity is identified CAR.
Analyzing transaction data for patterns and anomalies using general reasoning and logic; conducting detailed research, fact-finding, and analysis; developing a narrative from research findings and identification of transaction patterns and anomalies; and assisting with research and data gathering activities.
Conduct detailed intelligence analysis related to cryptocurrency transactions and blockchain data to identify illicit activities and uncover hidden patterns.
Utilize advanced investigative tools and techniques to trace digital currency transactions across various blockchain platforms.
USAA (CONTRACT- REMOTE)
AML COMPLIANCE ANALYST August 2022 to September 2023
DUTIES
Conduct comprehensive AML investigations which include pulling transactional data and KYC records from the bank systems, analyzing transaction information, and data, researching open source and media checks, and based on this research, recommending either Suspicious Activity Reports (SAR) or no SAR.
Reviewed brokerage account SARs to determine that the FI followed the SAR brokerage guidelines or procedures provided by FINCEN
Performing AML investigations in a brokerage account (with a broker account and retail banks).
Reviewed brokerage account SARs to determine that the FI followed the SAR brokerage guidelines or procedures provided by FINCEN.
ACAT Transfers/ Rejections/ Special handling.
Review and analyze underlying data gathered to assess reasonable cause to escalate an alert to a case for further investigation or to clear the alert.
Reviewed and dispositioned transactions flagged for suspicious activity, researching internal & external sources to identify parties involved.
Reviews, based on a sampling approach, and jurisdictional-based requirements.
Conducting trend analysis on investigations, SAR reporting, suspicious activity, account type, and geographic trends identified.
Assisted with QA reviews of cases in progress or completed by AML Investigators via SharePoint, and reviewed SARs filed to ensure they consistently meet Bank Secrecy Act requirements and regulatory expectations.
Perform detailed reviews of investigation documentation including draft SARs, supporting documentation, and underlying transactional data, as required.
Review diverse potentially suspicious activity across USAA business entities including the broker and Money Services Businesses
Provide detailed feedback to AML Investigators to improve casework and see feedback through the completion.
Performed Oversight/Quality Assurance/second-level reviewer role, verifying that case investigation documentation is consistent with procedures and accurate e.g., detailed case narrative, and decisions/recommendations are well supported.
Review SAR form and narratives for completeness and accuracy and make necessary edits as needed
Reviews, based on a sampling approach, high-risk and complex client reports to ensure all information in the policy is accurately reflected in the profile.
PFS
AML ANALYST August 2020 to June 2022
DUTIES
Ensure identified risks are properly accounted for escalated to management and tracked until resolved within issues logs.
Review and analyze leads for potential suspicious activity, including those generated from detection scenario processes, the service of subpoenas and warrants, negative media reports, as well as other sources to include:
Identifying, researching, and reporting suspicious activity.
Managing the investigative process from initial detection to disposition.
Thorough and timely reviewing of reports and other investigative leads that potentially identify suspicious activity.
Formulating and recommending responses to potentially suspicious findings, reporting such activity to the appropriate regulatory authorities, and FCC in developing the Bank’s forward-looking risk-mitigation process/ response.
Support Managers and Team Leaders in conducting AML investigations.
Coordinating responses and requests under Section 314 of the USA PATRIOT Act.
Work with team members to determine whether to close cases, escalate findings, and/or file a Suspicious Activity Report (“SAR”) with the U.S. Treasury’s Financial Crimes Enforcement Network.
Drafting and reviewing SARs.
Prepare clear and organized testing work papers to document and support work performed and conclusions reached.
AMICABLE INVESTMENTS GROUP
AML/KYC ANALYST April 2016 to May 2020
DUTIES
•Conducting enhanced due diligence investigations in support of policies and procedures. Reporting unusual client activities related to sanctioned individuals and money laundering patterns.
•Analyze customer and transactional data to identify and report potential suspicious activity
•Perform in-depth research and detailed account analysis on alerted activity
•Prepare supporting documentation to support a decision to file or not file a Suspicious Activity Report (SAR)
•Maintain proficient knowledge of regulations, including but not limited to, the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and Office of Foreign Assets Control (OFAC)
•Correspond with business units and banking centers for clarification of the activities conducted by customers
•Identify and report trends to management
•Perform searches utilizing Internet sources and/or third-party vendors (i.e., Google, Lexis Nexis, and/or CLEAR to determine negative news and obtain due diligence information for prospects and new/existing members).
•Responds to inquiries from business lines on customer identification and due diligence requirements.
•Coordinates with business lines on due diligence information collected on members and contacts members, as necessary.
•Escalates matters requiring further investigations analyzing and mitigating the customer's risk factors to the Supervisor and/or BSA Manager.
•Assists management with requests from internal auditors or examiners as needed.
• Utilized investigative technical tools in analyzing products, services, members, entities, and geographic locations to conduct investigations of client accounts for potential suspicious behavior.
• Ensuring complete compliance with the Bank Secrecy Act, OFAC, and AML-related regulations.
•Remains updated on all regulatory changes as they relate to BSA, OFAC, AML, KYC, and consumer compliance regulations.
Additional Experience:
KYC BANKING SPECIALIST May 2012 to August 2015
DIAMOND BANK LAGOS, NG
EDUCATION
•B.SC POLITICAL SCIENCE/PUBLIC ADMINISTRATION, UNIVERSITY OF BENIN, NG
•CAMS (IN VIEW)
•CFE (IN VIEW)
Contact this candidate