Financial Crime Anti-Money Laundering

Abdulfatai Sanni-Oba

Telephone: +447********* (Mobile); E-mail: **********@*****.***

Personal Profile

I am a Qualified Accountant with specialist compliance experience in financial crime risk / Fraud Investigation, Regulatory Reporting, Anti-Money Laundering (AML) Analysis, Know Your Customer (KYC), Customer Due Diligence, Transaction Monitoring, Sanctions / PEP screenings, Anti-Bribery & Corruption (ABC), CFT/CTF and Regulatory Compliance having worked in varied capacities in the financial services sector. I have strong technical understanding of the UK, EMEA, APAC and other International financial crime countries’ standards, regulations, and compliance requirements in KYC/AML, including MiFID classification. My cognate experience extends to 2LOD in Compliance and 1LOD in Onboarding, remediation and event driven review of highly complex-structured corporate clients, which ranges from Limited Liability Companies, publicly listed companies, Hedge Funds, SPV, Correspondent Relationship / Banking, Trade Finance, Trusts, Charities, NGO, Partnership etc.

Other Key Skills/Qualities

Good knowledge of global financial crime requirements - including US Patriot Act, Joint Money Laundering Steering Group Guidance Notes, the Money Laundering Regulations, Bank Secrecy Act, SoCA, PoCA and global sanctions (including OFAC), Third to Sixth EU Money Laundering Directive.

Strong managerial skills on projects e.g., colleague/people management, budgeting, and project management together with experience of drafting reports and other deliverables suitable for presentation to a client.

Skilled Trainer on KYC/AML and Financial Crime Matters with good communication skill, pays extraordinary attention to detail, and always willing to give the little extra.

A good team player and a strong communicator with the ability to use different styles and techniques of management, in sharing best practice experiences.

Strong relationship management skills, including proven ability to interact with individuals at various levels and departments of the organization both in person and through other channels.

Proven organizational and time management skills resulting in ability to manage numerous projects simultaneously. Ability to influence and build constructive relationships within a team, make positive contributions and champion constructive ideas for result-oriented team performance.

Ability to digest and synthesize large and complex amounts of information, financial and otherwise, from numerous sources; ability to handle stressful situations while maintaining a professional approach to problem solving.

Professional, self-motivated, deadline-driven team player able to work in an ever-changing environment.

Software Skills

Exceptional computer skills including advanced ability in Excel, Word, PowerPoint, outlook & other Microsoft Office tools.

Experience with research / sanction / PEP screening tools such as Fircosoft, World Compliance, World Check, DN Equifax, CIP, Complinet, Lexis Nexus, AML Manager, DBCLM, “Passport” KYC application tool, RDC, PCR, DBCar.

Public records; internet research sites skills; acute capability to quickly learn new systems and software applications.

Education & Professional Qualifications

Chartered Accountant, Institute of Chartered Accountants of Nigeria (ACA) (UK Part-Qualified ACCA)

Master’s in Business administration & Finance (MBA)

B.Sc. (Hons) Business Administration & Accounting

ACAMS (In-view)

Varied Bank of America, RBS / Santander Bank / Deutsche Bank AML/KYC/Sanction Courses / e-Trainings certifications.

Career History

Bank of America, Bromley, UK - Pontoon Solutions Agency (Contracting) Aug 2023 – To Date

Global Financial Crimes Risk, Compliance and Operational Risk Specialist - 2LOD

Engage in activities to provide support to the Compliance and Operational Risk team in order to provide independent compliance and operational risk oversight of Front-Line Unit (FLU) / LOB

Provide support in regulations’ change monitoring as applicable to Global Financial Crimes, with further advice to business units with respect to implementation of amended policies, standards, procedures and/or processes tailored towards addressing regulatory requirements.

Assist in assessing risks, associated controls and their effectiveness, while driving compliance with applicable laws, rules, and regulations, adhering to policies, and developing reporting and documentation.

Assess and provide GFCC EMEA, UK / Ireland Off-Tool approval for all cases with Elevated / High Risk escalating factors.

Review and provide GFCC On-Tool approval on the Bank’s AWARE system for all Elevated and High Risk (Enhanced Due Diligence) cases.

Conduct monitoring and testing for Luxembourg Business region on-boarding / remediation cases and provide independent review and challenge to the Front-Line Unit.

Actively participate in the review of Beneficial Owners Registers for Ireland on-boarded cases in line with regulatory requirements.

Members of team involved in the review and provision of GFCC UK/EMEA/Ireland approval for Material Negative News (MNN) cases.

Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintains a comprehensive regulatory inventory.

Works with Enterprise Independent Testing team in the execution of independent testing of FLU/CF responsibilities.

Assist in assessing risks, associated controls and their effectiveness, while driving compliance with applicable laws, rules, and regulations, adhering to policies, and developing reporting and documentation

Coordination / Preparation of monthly, quarterly, and yearly Non-Financial Regulatory Report (NFRR) covering Sanctions [asset freeze]; SAR Investigation Reporting; Section 19 (s19) Reporting & AML Reporting for Ireland / EMEA region of the Bank.

Professional development / Career Change Apr 2023 - Jul 2023

Santander Bank Project Morgan – Ernst & Young, UK (Contracting) Sep 2022 – March 2023

KYC Quality Checker

Perform risk-based client due diligence quality control on new and existing clients in accordance with regulatory requirements as well as in line with the policy and procedures of the Bank.

Assist in developing, implementing, maintaining, and updating policies and procedures related to Customer Due Diligence and Enhanced Due Diligence.

Perform Quality control-file checker on all KYC files prior to Initial Outreach and to SAN FC L1 (Compliance) for sign-off at post outreach stage.

Support Analyst in navigating public data bases and internal systems to identify and verify due diligence data points.

Check that Analyst follow established parameters for carrying out PEP, Sanction and Negative News screenings as well as ensure correct discounting factors were relied on in arriving at screening outcomes of actual or false hits.

Assist with periodic risk assessment process as well as carry out review of risk rating methodology of clients.

Manage personal workloads to ensure queues of work are dealt with in a timely manner.

Conduct adverse screening checks on clients while also undertaking follow-up research as required.

Provide assistance to other areas within the AML team as necessary.

Participate in several special / adhoc requests necessary for the advancement of the “Project Morgan”.

Review all high risk / compliance related issues prior to escalation to 2 LOD.

FIS Worldpay, Inc. – Protiviti, UK (Contracting) Aug 2021 – Jun 2022

Financial Crime Senior CDD QC Manager / Deputy QC Team Lead

Conduct 4-eye, Quality control-file check on all KYC files prepared by senior Analyst prior to case sign-off.

Managed daily allocation of case work to Quality Checkers and ensuring that every QC meet their production and quality KPIs.

Collate and send all QC cases completed to QA for 2nd line of defence / 6-eye review, coordinate QC challenge of QA failed cases contested while also coordination rework of cases that did not pass QA check.

Performed risk-based customer due diligence on actual and potential clients in accordance with FIS policy & procedure.

Conduct KYC / AML investigations and resolve queries, including complex company structures in relation to KYC.

Regularly take steps to ensure that clients’ KYC / Customer Due Diligence meets FIS policy and AML regulations.

Assessed applications in accordance with FIS policy and procedures, as well as ensuring regular revisiting of existing client base through periodic reviews.

Navigate public databases and internal systems to identify & verify due diligence information for data validation.

Conduct Sanction, Adverse Media, and Politically Exposed Persons (PEP) screening checks on clients and undertake follow-up research as required.

Managed personal workloads to ensure queues of work are dealt with in a timely manner.

Ensured detailed understanding of operating procedures, while demonstrating passion to continually improve customer service and efficiency, using toolkits available.

Provides timely feedback to relevant Global BD / RM commercial teams, including the VP’s, Global Sales Area, or Relationship Manager to improve customer experience / impacts across all Channels.

Involved in the communication of complex ownership structure and other information in a simple manner both in writing and verbally to Analyst.

Deutsche Bank AG UK / Accenture Aug 2016 – Jul 2021

Senior KYC /AML QC Manager - Low / Medium / High Risk Complex Structured Corporate Clients, Trade Finance & Correspondent Banking

Remediation of high risk classified correspondence banks and their associated Trade Finance businesses.

Reviewing the information gathered and populating the Client KYC Profile with updated information.

Identify data and documentation gaps and researching accordingly.

Validating clients’ KYC risk profile and raising points of concern, such as negative news.

Produce a detailed client review write up in the KYC system.

Ensure all required AML / KYC Regulatory requirements for existing clients are in place.

Liaise with other teams as necessary part of the KYC renewal process, including the Quality Control (QC) team.

Four-eye checker of other KYC Analyst work to ensure accuracy, completeness of key information.

Provides subject matter expert (SME) advice on Correspondent Banking / Trade Finance remediation tasks to colleagues and subordinate staff.

Help in training programmes for team members to develop KYC knowledge relevant to each client and jurisdiction.

Provides QA adjudication service for cases whose fail decisions by Snr Reviewers are challenged by Analyst.

Data and supporting documents gathering regarding clients from a range of independent data sources.

Escalate to the KYC Team Lead issues that may require Compliance and other relevant parties.

Monitor and track outstanding cases to make sure cases are completed within set target dates, escalating where appropriate.

Royal Bank of Scotland –RBS, UK (Contracting through Alexander Mann Solution) Aug 2015 - Aug 2016

Risk Control Manager / Senior Analyst (AML, Sanctions and Terrorist Financing – High Risk Clients Remediation & Complex Entities /Specialized On-boarding team.

Subject Matter Expert training / up-skilling of members of the team and other KYC units

Transaction review, monitoring and reporting of suspicious transactions with respect to review of corporate and commercial clients.

Maintenance of KYC and KYB (Know Your Business) records for Corporate and Commercial Clients.

End-to-End On-boarding of low, medium, and high-risk complex-structured Corporate and Commercial entities (registered in UK and other jurisdictions) including Trust, Funds, Money Service Businesses (MSB), SPVs and Real Estate Finance (REF) entities.

Regular Liaising with relationship managers (RM), Portfolio Directors and support staff to resolve KYC / KYB documentation gaps or anomalies.

Taking a risk-based approach in documenting a concise assessment of the risk(s) associated with determining whether to establish / continue banking relationship with financial clients and establishing justification for approving a relationship.

Where risks are unacceptable, document the basis on which relationships are refused/ exited.

Involved in Periodic Review (PR) and Event Driven Review (EDR) of the Bank’s Low – High Risk client’s portfolio, carrying out transactional review of existing customers’ banking activities and generating a CDD Risk Assessment report on the appropriateness of retaining relationships with existing clients.

Regular recommendations / suggestions to management on best practice approach to effective / seamless conduct on On-boarding and remediation tasks with focus on giving effective and timely service to customers within regulatory compliance frameworks.

Quality check / 4-eye check of works of peers and junior KYC / AML Analyst

Support the development of new / less experienced staff through the provision of coaching / training / mentoring and shadowing in relation to the above.

Plus500 Forex Trading Company / Hays Financial, UK May 2015 – June 2015

KYC / Remediation SME Analyst

Monitored, checked, and verified customer ID for AML and KYC completeness purposes.

Identification of suspicious activity using monitoring tools and other systems.

Reviewed new and existing client files – including registration details, financial transactions, and account activity in accordance with internal KYC and AML policies.

Conducted initial investigations into unusual activity and escalating concerns to the MLRO where applicable.

Liaised with other departments (including overseas offices) to resolve AML issues.

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