Quality Assurance Due Diligence

Location:

Hyattsville, MD

Posted:

October 02, 2024

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Resume:

• ****************@*****.*** 240-***-****)

• Glenarden, MD 20706

• OMOWUMI ODUSOTE

PROFESSIONAL SUMMARY A highly motivated individual with a track record of achieving results in the financial Sector specifically in Compliance. I possess a good understanding and knowledge of the dynamics of Compliance practice across the legal and financial sector. I have extensive experience in Quality Assurance of Anti Money Laundering (AML), Know Your Customer (KYC), PEP's and high-risk customers, Due Diligence (CDD & Enhanced Due Diligence) and Global Sanctions and Regulations.

I have an eye for detail and can work under pressure and meet deadlines whilst maintaining professionalism. I have a strong relationship with people and work well independently and in a team. With my years of experience within Compliance, I have continuous understanding through in-house CPDs and external qualifications. I have solid communication skills and always maintain an elevated level of customer service for clients and employers. EDUCATION University of Ibadan, Nigeria

Bachelor of Law

AFFILIATIONS LLB/BL Law and Practice University of Ibadan, 2002 Member International Association of Privacy Professionals (IAPP) Member Association of Certified Fraud Examiners (ACFE).

SKILLS

● Analytical skills

● Risk Assessments

● Anti Money Laundering

● Regulatory Compliance

● Due Diligence

● KYC

● Client Outreach

• Document Review

• Quality Assurance

• Microsoft Office

• Policies and Procedures

• Lexis Nexis

• Orbis

• Audit

• Risk Management

WORK HISTORY

AML ANALYST, REFRESH AND REMEDIATION 01/2023 -PRESENT BANK OF AMERICA, RICHMOND, VIRGINIA.

● Refresh data and documentation for existing clients on an ongoing basis including periodic reviews.

● Conducting client Due Diligence and Enhanced Due Diligence in accordance with the internal policies, procedures and regulatory guidelines aligned to complex jurisdictions and client structure.

● Review of refresh requirements for assigned jurisdiction in line with related client Identification Profile procedures to ensure accuracy before requirements are sent to the client.

● Liaise with the FLUs to obtain and validate documentation to fulfill refresh requirements.

● Responsible for promoting positive experience by communicating professionally with the Bank’s AML partners such as the Client and Sales Owners to ensure timely delivery of CDD requirements.

● Perform Client Refresh through the review of client documentation, vendor databases and data entered proprietary systems to ensure all refresh requirements are met.

● Ensure all jurisdiction regulatory requirements related to KYC are adhered to support business with KYC related queries and requests.

● Apply risk-based approach to assess AML/KYC, account movement to verify and validate source of wealth and funds.

QUALITY ASSURANCE, QA 11/2020 to 11/2022

Anne Arundel Federal Savings Bank, Glen Burnie, MD

● Performing quality assurance testing on various compliance functions within the bank

● Performing quality control reviews on multiple Legal, Risk, and Compliance workflows, including but not limited to:

● Transaction Monitoring

● Watchlist Screening (Sanctions, PEP, SIP, etc.)

● Fraud

● Anti-Bribery and Corruption

● KYC/CDD/EDD

● Verify all aspects of CIP and CDD before account opening

● Identifying gaps and advise on potential workflow enhancements based on quality assurance testing results

● Sample checking the work of the KYC team responsible for on-boarding new clients into the company, and conducting periodic due diligence on all existing clients, using a risk-based approach.

TRANSACTION MONITORING AND SANCTION SCREENING ANALYST 09/2018 to 10/2020 North Shore Bank of Commerce, Duluth, GA

● Worked on a remediation project where I review sanction/PEP alerts escalated for Investigations.

● Gather, review and record KYC documentation and ensure paperwork is retained in line with company policy for client onboarding

● Recommend relationship retention or termination based on SARs prepared and ensure that decisions not to file SAR are adequately documented

● Assessed whether payments are permissible by considering sanctions regulations in place or require further action

● Escalating where necessary, issues to the Global Financial Crime Prevention Manager.

● Prepare case review summaries analyzing transaction activity which occur in high and medium-risk accounts.

COMPLIANCE OFFICER 02/2016 to 05/2018

Skye Bank PLC, Lagos, Lagos, Nigeria

● Provided legal advice and guidance by ensuring that all corporate processes and procedures comply with scope of law

● Conducted high level analysis of supporting evidence from external searches to ensure their accuracy

● Ensure regulatory compliance with Central Bank of Nigeria (CBN) and Corporate Affairs Commission (CAC) Act

● Provided Sanctions advisory services where relevant.

● Conduct and attend case review forums for complex cases along with reporting findings to the Legal Department

● Investigating Financial Crime Risk events, identifying trends and typologies, conducting root

● cause analysis and producing appropriate MI.

● Supervised large number of Audits

HOBBIES AND INTEREST I enjoy learning new cultures, food and a travelling.