KYC Analyst

BISOLA ELEHINAFE

Tel: 940-***-**** Email: **********@*****.***

A dynamic, dedicated and result oriented AML/KYC expert with over 4 years’ experience in regulatory compliance, investigating AML alerts, KYC Analysis and conducting Enhance Due diligence (EDD) in Oil &Gas Industry & Banking and Financial Industry.

PROFESSIONAL EXPERIENCE

LEKOIL, New Jersey (May 2018 – May 2021)

KYC Analyst (Consultant)

•Communicated effectively with the business units regarding KYC documentation required and clarification of structure and content of the request.

• Performed the required KYC screenings on clients documenting the information obtained on the client's as required by global KYC procedures.

•Ensuring compliance with all AML laws, regulations, guidelines, written procedures; OFAC, CIP, KYC, customer/transaction monitoring.

•Effectively conducted AML /KYC formality reports on questionable clients

•Improved and implemented customer risk rating criteria with KYC management and procedure for clients.

•Analysing and dispositioning alerted activity flagged by the transaction monitoring systems.

•Completing special projects involving high risk clients and clients on internal watch lists

•Investigating clients who match with SDN, PEPS and Negative Media list during the account opening and maintenance processes.

•Conducting searches, gathering data, documenting evidence from internal systems, the internet, commercial databases to support dispositions on alerts.

•Addressed elements of risks identified during research and screenings, such as, high risk products, high risk jurisdictions, complex ownership structures, negative media issues, PEPs, internal restrictions and sanctions hits.

•Worked closely with the Compliance team by escalating any potential risk identified during the KYC remediation or review.

•Conducted in-house effective training for new joiners and third-party vendor.

Mega Bank, New York (January 2017 – April 2018)

AML Analyst - FIU (Consultant)

•Analyzed software generated alerts and conducted enhanced due diligence when appropriate.

•Performed enhanced due diligence on high-risk customers in search of suspicious/unusual activity.

•Documented investigations and ensured that facts substantiated the disposition, closed cases or escalated findings.

•Filed Currency Transaction Reports (CTRs) in accordance with FinCEN requirements.

•Conducted periodic reviews on existing business accounts to determine risk level and estimated activity.

•Ensured new customer accounts were in accordance with CIP/KYC guidelines and performed customer due diligence (CDD)

•Determined which customers may be harmful to the bank and wrote recommendations to the FCU/Compliance team for review.

•Checked new and existing customers against PEP, OFAC, and other various sanctions lists.

•Made closing recommendations on customers based on account activity.

•Effectively communicated with project leads and stakeholders on a timely basis on status of existing projects.

PlusWorld West Africa, Nigeria (March 2013 - November 2016)

Business Analyst

•Analyzed existing business processes and proposed improvements based on global best practices. Elicited requirements from users and produced use case scenarios and functional requirement documentation to ensure that requirements were accurately specified, communicated, and understood by the technical implementation team.

•Jumpstarted customer service delivery by 40%, with new customer support application.

•Attained the highest customer service ratings (as determined by external auditors) in all categories including communication skills, listening skills and issue resolution.

•Successfully implemented an automated financial reporting system to present result to line managers within 2 hours instead of 3 days after book close.

•Officially commended for initiative, enthusiasm, tenacity, persuasiveness, intense customer focus and dependability in performance evaluations.

•Reduced operational costs up to 40% through efficient cost-benefit analysis for various ongoing and upcoming projects.

•Enhanced team performance and attendance through daily mentoring, one-on-one discussions and motivational strategies.

KeyStone Bank, Nigeria (June 2010 - February 2013)

Compliance Officer

•Provided daily reconciliation reports, with an emphasis on any issues relating to Bank Secrecy Act/ OFAC

•Identified excessive risk, fraud, and reviews of misrepresentation in a transaction.

•Investigated the accounting documents of each department and the organization to ensure compliance of each transaction with the set accuracy, legal, and ethical standards.

•Created and tailored summaries to confirm excellent transaction review evaluations.

•Analyzed functional requirements, procedures, and problems to automate processing or to improve systems.

•Verified accuracy of input from the customer and collateral information in the main Processing Queues.

•Ensured decisions not to file a SAR are well supported and recorded.

Core Competencies

• Customer Due Diligence (CDD), Enhanced Due Diligence (EDD) Research and Documentation

• AML Compliance Investigation

• Transaction Monitoring, Periodic and Alert Reviews and Alert investigation

• Detecting and analyzing potential red flags

• Reviewing and interpreting alerted manual and automated scenarios

• Proficient with Prime, SunGard, Actimize, AML Testing, Accuity, LexisNexis, Norkom, OFAC lists, SAS, Swift Registry, World Check and a variety of proprietary software. MS Office (Outlook, Word, Excel and PowerPoint).

EDUCATION

University of Sheffield - Sheffield, United Kingdom M.Sc. Economics (January 2010)

Igbinedion University – Nigeria B.Sc. Economics (November 2007)

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