Anti-Money Laundering Financial Services

RESUME

Adetola Sam ADEKOYE

Brooklyn, NY *****

Email: ******@*****.*** Tel: 347-***-****

Personal Profile

I am a Certified Anti-money Laundering Specialist (CAMS) of the Association of Certified Anti-money Laundering Specialists (ACAMS), Fellow Chartered Accountant (FCA) of the Institute of Chartered Accountant of Nigeria (ICAN), Certified in Risk and Information Systems Control (CRISC), and Certified Fraud Examiner (CFE) with almost 20 years’ experience to offer. My experience spans Internal Audit, Compliance and Internal Control in banks, Statutory Audit, Financial Analysis, and Management Consulting.

I am a detailed-oriented professional in the financial service Industry with extensive years of experience in Internal Control, Compliance, CDD/ EDD, KYC, KYC Remediation, Risk Management, Financial Crime Investigation, Sanction Screening, Transaction Monitoring, and Suspicious Activity Reporting.

Possess strong interpersonal, communication and reporting skills, as well as team collaboration.

I currently work as a Financial Services Examiner (FSE) in the Life Bureau of New Yourk State’s Department of Financial Services(DFS).

I am skilled in data analysis through the use of Microsoft Excel and Power BI.

Work Experience

New York State Department of Financial Services (DFS) April 2024 – Present

Performs risk-focused financial analysis of assigned companies, with the objective of identifying significant risks inherent in their operations, analyzing those risks, documenting the results of the analysis.

Conducts continuous off-site monitoring of assigned companies’ financial conditions and solvency, and internal/external changes relating to all aspects of their operations.

Proactive identification of associated risks on the companies and addressing them before they crystallize. This could be through the use of media and other sources.

Conducts quarterly and annual desk audits on assigned companies with focus on assessing and evaluating their credit risk, legal risk, liquidity risk, market risk, operational risk, pricing/underwriting risk, reputational risk, reserving risk, and strategic risk.

Reviews the quarterly and annual financial statements, audited financial statements and business strategy filings, corporate governance disclosures, Own Risk and Solvency Assessments (ORSA) reports, and enterprise risk management (ERM) reports of assigned companies for errors and intentional misstatements

Samuel O. Akingboju Esq April 2022 - 2024

(Attorney At Law)

New York

Anti-Money laundering Consultant

Identify possible Compliance Risks in Clients’ onboarding

Investigate clients’ source of funds for real estates’ investments.

Validating both documentary and non-documentary evidence provided during onboarding.

Ensuring compliance with extant laws and regulations relating to Money Laundering and Terrorist Financing

Develop and oversee Control Systems to prevent and deal with legal issues/violations.

Keep the firm abreast of new regulations relating to the business.

Advise on new procedures occasionally as risks become apparent.

First City Monument Bank Ltd January 2017 – April 2019

Team Lead – Control & Compliance Team

Delivered and developed a targeted compliance Universe for the Bank. Led the team that monitored the Bank’s adherence to AML policies and procedures and the remediation of Audit findings and AML / CFT regulatory examination.

Performed required KYC regulatory reviews for new and existing customers according to procedure and FCA policy.

Handled Customers screening and related parties using KYC screening tools to identify PEPs, and adverse media news.

Managed regulatory agencies request and mandatory returns to Financial Intelligence Units (FIU), and other regulatory agencies.

Reviewed and implemented effective check for new products and processes to avert regulatory breaches, while playing advisory role to business units.

Worked with the MLRO on the compliance annual training program for the Bank.

Consistently drive the KYC program enhancements to meet new legal requirements, evolving regulatory expectations, industry best practices and self-identified program needs

Worked with stakeholders in the development of policy for the prevention of financial crime according to the provision of the AML / CFT and conducting risk assessment, PEP screening matches and the CDD/ EDD requirement for specific customers.

First City Monument Bank Ltd May 2015- December 2016

Financial Crime Investigation Officer

Conducted high level financial crime investigations on complex account activity which requires multiple channels of information and engagements.

Reviewed and analysed customers’ transactions to detect / prevent financial crimes, policy violations and suspicious transaction.

Performed reviews on new to bank and periodic reviews / event driven reviews on existing customer’s accounts from alerts received

Document all investigation findings and provide second tier approval for escalation for further review.

Proven timely resolution of fraud prevention cases creating excellent customer experience

Monitored and analysed transaction reports including payments and trade alerts for money laundering and terrorist financing risks.

Conducted internal fraud investigation on different products and services for suspicious activity.

Worked with the team to identify red flags and ML patterns for Trade Based Transactions.

Evaluated, assessed, and classified entities risk levels based on client procedure

First City Monument bank Ltd January 2013 – April 2015

Compliance Officer

Control and Compliance Division

Coordinate the activities of Zonal Compliance officers.

Monitor and measure compliance performance indicators to highlight areas of weakness, training needs or requirements for corrective actions.

Maintain effective liaison with Regulatory and Law Enforcement Agencies.

Ensure favorable feedback from regulators following inspections and regulatory visits/reviews.

Ensure timely rendition of regulatory reports such as Currency Transaction Reports (CTRs), Suspicious Transaction Report (STRs), Foreign Transaction Reports (FTRs) etc.

Ensure timely update of the list of Politically Exposed Persons (PEPs) and customers including management approval.

Liaising with branches in respect of RFIs for onward consultation with customers.

Transaction Monitoring and review of Suspicious Transaction Reports from branches and other units.

Review of control reports and continuous monitoring of compliance to Regulatory circulars and laws from time to time.

To ensure that the bank avoid actions that could lead to loss of its operating license pr consent orders

Screening of customers’ identity against sanction list for freezing of funds and notification of regulators and enforcement agencies as specified by regulations.

Provision of timely responses to regulatory and law enforcement agencies request to customers identity and transactions information for investigation and other permissible purposes.

Maintenance of timely update of beneficial ownership register with identity information of natural persons with ownership and control interests of corporate entities.

Provision of compliance training and sensitization to new hires, frontline staff in sales, services and other support functions.

Collation of inputs for preparation of compliance reports to members of management and board of directors.

Follow up with various units and departments of the bank to ensure strict implementation of regulators’ directives, circulars and regulations

First City Monument Bank Ltd July 2010 – December 2012

Team Lead Inspection

Group Internal Audit

Plan the execution of audit activities of the team, as well as ensure implementation in line with approved audit plan.

Supervise the activities of the audit team on all assignments in line with audit plan.

Review of previous recommendations and assess implementation status of the recommendations.

Review of processes and identify, assess, evaluate and mitigate risks embedded in the audit processes.

Supervise the process of assessing the s-ecurity consciousness of auditees by carrying out security sweep of operational documents.

Evaluate the auditee’s level of compliance to the Operations policy in transaction processing.

Ensure proper and adequate documentation of all audit findings in the team and report directly to Head, inspection

To assess the group performance in terms of profitability and budget attainment

Lead Audit Team with respect to assigned audit.

Coordinate and finalize audit report in respect of the unit/subsidiary audited.

Supervise and effectively execute planned audit of Head Office Units, Branches, subsidiaries of the bank and any special audit required, in order to ascertain the level of compliance with the bank’s operations policies and procedural manuals of the subsidiaries

reporting exceptions to policies and procedures with its risks and making recommendations to management that will avert reoccurrence.

First City Monument Bank Ltd September 2008 – June 2010

Team Lead, Central Control

Control and Compliance Group

Ensure the adequacy of all control procedure in use by all central control officers

Ensure that control functions are planned and properly conducted across all Head Office Units

Ensure maximum human resource utilization within the risk-based audit framework of the Bank

Preparation, periodic review and submission of Control checklist required by the Control Reps

Ensure that observed control lapses in Head office units are identified, corrective/preventive actions recommended, and implementation of recommendations monitored.

Ensure that control officers monitor compliance with Regulatory circulars and guidelines and escalate cases of noncompliance accordingly

Organize and ensure consistent training of staff on Control issues.

Advising Head Office units on process improvement suggestions aimed at enhancing the bank’s first level control and mitigating emerging risk.

Monitoring GL Review activities of Central Control Officers.

Timely investigation and resolution of exceptions resulting from GL Review

General ledger review as it relates to appropriate and accuracy of income.

Review of accounts below minimum requirement to detect unauthorized override.

Investigating customers’ complaints as regards excess charges and making appropriate recommendations for Management approval.

Carrying out interest setting review on Banking Applications to determine the validity and appropriateness of the set-up.

Ensuring accounts are operated within the approved limit set up on them

Reviewing static data set up on Banking Applications to ensure that unauthorized modifications are not carried out.

Ensuring the bank is not losing income from improper setting of parameters.

Checking of accounts for income completeness including tracking of credit related charges for appropriateness and validity

Quarterly Fraud Analysis for Management Information System

FinBank PLC May 2007 – August 2008

Project Team Leader, Business Process Review, Analysis & Assurance

Internal Control Division

Responsibility for selection of process team members

Responsibility for assigning roles to team members.

Process analysis and documentations – Manual and IT

Responsibility for reviewing how the organization conducts its business in order to reduce overall costs, provide more efficient use of resources and improvement in service delivery.

Identification of new requirements for the organization with the aim of helping it to achieve strategic goals.

Implementation of approved processes.

Post Implementation Review of processes.

Continuous review and fine tuning of processes.

Ensuring that customers met conditions precedent to draw down on facilities before fund could be released

Supervising other Control Officers and collating their reports for Month end purpose.

Systems Control and Inspection

Resident Control Officer September 2002 – May 2007

FinBank PLC

Lagos Nigeria

Internal Control Division

Ensuring compliance with both financial and non-financial policies of the bank

Reviewing transactions for accuracy and completeness

Reviewing General Ledger for unusual movement on daily basis

Reviewing expenses and ensuring they are in line with the budget

Reviewing office accounts to ascertain long outstanding items and treating them accordingly

Ensuring compliance with accounts’ opening documentation requirement

Credit review on weekly basis to ascertain those facilities are being utilized in line with covenants.

Ensuring that the Turn Around Time [TAT] with respect to service delivery is adhered to.

Ensuring the dual control concept of Vault keys are not violated

Ensuring that vault limits are not exceeded and where they are unavoidable, ensuring that they are covered.

Reviewing control copies of deposit slips to ensure that customers’ lodgments are not suppressed

Monitoring the utilization of the bank’s assets

Conducting integrity tests on processors of transactions periodically and escalating any negative result thereon

Monitoring of system’s downtime at the branch.

Ensuring monthly/quarterly spot checks activities are carried out in Head Office units, review the reports and authorize them for circulation to the concerned units.

Preparation of monthly bank-wide call over effectiveness report.

Updating and collating monthly Key Risk Indicators’ report for Head Office Units.

Advising on Call-Over dates for Central Control and using the report as input for consolidating bank-wide call-over report.

Planning and coordinating quarterly security sweep exercises for Head Office units.

General supervision of Central Control staff.

Van Vliet Trucks Nigeria Limited August 2000 – September 2002

Head, Accounts- Accounts & Finance Division.

Authorization & Control of Payments

Management Information Systems

Management Of Foreign Office Accounts

Management of Payroll

Stock Monitoring & Control

Preparation of Management &Final Accounts

Control & Supervision of Staff

Budget Preparation, Control & Analysis

Preparation of Monthly cash Request for Expenditure

Preparation of Daily Treasury Position

Olalekan Afolabi & Co Chartered Accountant 01/1998-08/2000

Audit Senior

Statutory auditing of clients’ books & accounts

Clients’ tax administration

Review of accounting system & related controls for clients

Assisting in recruitment for client

Educational Institutions Attended:

Higher National Diploma (Accountancy)

(Evaluated as Bachelor’s Degree in Accounting)

Ondo State Polytechnic, Owo Nigeria

Ordinary National Diploma (Accountancy)

(Evaluated as Associate Degree in Accounting)

Ondo State Polytechnic, Owo Nigeria

Professional Qualifications:.

Certified in Risk and Information Systems Control – CRISC

Fellow Chartered Accountant – FCA

Certified Anti Money-laundering Specialist - CAMS

Certified Fraud Examiner - CFE

Professional Membership:

Member of The Information System Audit and Control Association (ISACA)

Member of The Institute of Chartered Accountant of Nigeria (ICAN)

Member of The Association of Certified Anti-Money Laundering Specialists – (ACAMS)

Member of the Association of fraud Certified Examiners (ACFE)

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