Kyc Fraud Analyst
Resume:
AFOLAKE
A. GEORGE
AML/KYC Analyst
Contact
Address
MCKINNEY, TEXAS, 75070
Phone
**************@*****.***
Skills
Regulatory Data Corp
Escalated complex
problems to level [10]
analysts.
AML Compliance,
Leadership, Process
Improvement, KYC, Team
building, Lexis Nexis,
communication skills, duns
and Bradstreet, Microsoft
suites, Google search and
power point.
Department communication
streamlining
Organization and Time
Management
Written Communication
Good Telephone Etiquette
Problem-Solving
Cultural Awareness
Leadership
Meticulous KYC/AML Analyst with experience gained from working with reputable financial institutions. Proficient, expert, and extensive knowledge of AML, KYC, CDD, EDD and WATCHLISTS with In-depth understanding of anti-money laundering. Initiative-taking and highly organized with an exceptional work ethic. Meticulous and proactive with thorough analytic and investigative skills. Practical and competent AML/KYC Analyst with 15 years of experience providing risk assessment with firm's regulatory and statutory obligations. Thorough knowledge of Customer Identification Procedure (CIP) requirements. To seek and maintain a full-time position that offers professional challenges utilizing people skills, excellent time management and problem-solving skills.
Work History
2021-04 -
Current
AML /KYC Analyst
Frost bank, Addison, TX
Monitor transactions of assigned accounts to assess potential suspicious activity on account, such as
money laundering E.g., have been able to do about
quite numbers of alerts in one day.
Monitor, investigate, review, and escalate KYC/ AML alerts for further investigation
Prepare well-written Suspicious Activity Reports
(SARs) on suspected transactions
Work and contribute to collaborative environment to improve analytical and reporting processes
Ensure compliance with Bank Secrecy Act
Regulations, Anti-Money Laundering related
regulations, Office of Foreign Assets Control
Regulations and USA PATRIOT Act
Regulations Review system generated alerts, assess impact to AML processes, conduct research as
required, and document results in written format
Write suspicious activity reports, address sanctions alerts, and other applicable AML processes in
accordance with regulatory expectations and
departmental procedures
Maintain current knowledge of laws, regulations, policies, and procedures applicable to job
assignment
Assist AML Officer with onboarding new
counterparties as well as managing external
onboarding requests
Industry analyst relations
Provide day-to-day support and oversight to
business on OFAC/sanctions issues
Perform EDD activities at direction of AML officer
Monitored data inputs to manage and maintain
accuracy
Improved operations by collaborating with team
members and customers to find workable solutions.
Adjusted end-to-end KYC process needs to align
with workforce capabilities
Conducted KYC formality reports on questionable
accounts and transactions
Interpreted evidence from multiple tools and
systems to determine legitimacy of customer
behavior
Reviewed new prospect KYC documents to meet
requirements and determine business model risk
Consulted with compliance department to create
regulatory reports
Conducted thorough reviews for high-risk clients based on stratified risk level guidelines
Determined customer risk ratings based on analysis and research findings
Prepared high-risk reviews with results and
recommendations for customer onboarding, closure,
and retention
Analyzed and investigated clients to conduct
detailed customer due diligence and enhanced
due diligence review.
2016-08 -
2019-05
KYC Analyst
RCB Bank, Oklahoma City, OK
Identifies customers who may be eligible for CTR exemptions and refers customer to KYC Director for evaluation. e.g., Have been able to save bank over 100 customers relationship.
Assist manager(s) in providing status updates to management on regular basis to create
transparency and to reduce risks
Collaborated with AML officials to analyze
transaction data and identify patterns and trends
potentially indicative of unethical activity
Kept comprehensive logs tracking compliance
documents and tasks to contribute to achieve
conformity with company policies and client
expectations
Participated in new client onboarding and contract renewal processes, conducting due diligence on
contract performance, and recommending
adjustments to better meet client needs
Maintained records detailing current, prospective, and declined client profiles for further analysis and future reference in negotiation of new contracts and new client intake
Developed comprehensive understanding of
financial statements, enhancing opportunities to
assess risk
Monitored media reports to evaluate customer's
Negative news, publicity quality and check if pose any reputational risk to organization
Conduct appropriate levels of due diligence on
accounts based on customer's risk score.
Performed periodic reviews and reports on
merchants to comply with rules, regulations, and
KYC requirements
Determined customer risk ratings based on analysis and research findings
Partnered with client-facing teams to collect legal documents and associated information for
regulatory and internal policies
Facilitated communication with onboarding team to gather information and onboarding documentation
Analyzed and investigated clients to conduct
detailed customer due diligence and enhanced
due diligence review
Researched and interpreted corporate
documentation to determine business and
ownership structure
Educated staff on anti-money laundering and
financial crimes to escalate concerns to senior
members of PSR team
Adjusted end-to-end KYC process needs to align
with workforce capabilities
Refined tools and practices to optimize manual
reviews
Offered internal support for audit, compliance, and reporting activities
Advised Team Manager and QC Managers of
thematic issues to incorporate best practices for
future processes
Reviewed new prospect KYC documents to meet
requirements and determine business model risk
Consulted with compliance department to create
regulatory reports.
2014-02 -
2016-09
KYC Analyst
Eagle Bank MARYLAND, Silver Spring, MD
8Collaborate with other KYC staff, front officers, compliance officers and staff in back office to
ensure timely approvals
Refresh data and documentation for existing clients on ongoing basis including periodic reviews
Assist Front Office in providing customer's information updates on regular basis to create transparency
and to reduce risks
Ensure KYC Standard/ Policy is consistently applied in front office
Assist with Onboarding of new customers and
periodic review of existing customers
Monitored and maintained compliance with internal controls and government regulations
Facilitated communication with onboarding team to gather information and onboarding documentation
Monitored testing results on related controls from business unit compliance officers
Supported KYC processes for prospective and
existing customers
Prepared reports, metrics, and research to support fraud initiatives and projects.
Investigated fraud referrals and performed research to minimize risk and resolve inquiries.
Communicated with compliance manager to thwart
potential money laundering or terrorist financing.
Identified threats, vulnerabilities, and suspicious behavior patterns to recommend mitigation
measures.
Maintained fraud analysis models to improve
company systems.
Partnered with fraud manager to research and
investigate cases.
Interacted with law enforcement agencies,
regulators, and financial institutions to coordinate investigations related to fraudulent activities.
Documented research findings to support risk-based decision-making and resolution to escalated fraud
incidents.
Recommended new software tools and
enhancements to improve fraud detection,
prevention, and reporting efforts.
Developed and delivered compliance training to
team members and bank staff.
Performed yearly reviews of bank policies and
procedures to evaluate compliance with regulatory
requirements and standards.
Investigated activities of institutions to enforce laws and regulations, assessing legality of transactions and operations or financial solvency Produced
effective procedures for performing [50]
investigations and deployed monitoring processes to keep teams consistent in all areas.
2012-03 -
2013-02
Anti-fraud Analyst
Intercontinental Bank, Lagos, Nigeria
Proactively monitoring and reviewing any activities or transactions. Were able to establish steps to
monitor transactions to avoid making data error.
Manage non- complex alerts and cases.
Makes SAR decision and prepares suspicious activity reports (SARs) as required
Specialize in specific product (with multiple fraud scenarios) or single line of business
Identify and escalate any detected control
deficiencies
Possess basic knowledge of regulatory guidance
and requirements for investigations and SAR
completion.
Encounter extremely sensitive and confidential
information
Tracking and monitoring bank transactions and
activity that comes through individual accounts and cooperate accounts saving my company huge loss
to fraudulent activities.
Reviewing customers' accounts for unusual activities to warn against fraud.
Analyzed substantial amounts of data to find
patterns of fraud and anomalies
Contacted customers directly to notify of fraudulent activity and minimize impacts
Summarized all key information regarding
investigation into detailed report for delivery to client
Investigated cases of insurance and credit card
fraud, which involved upwards of $ 100 million Naira] per case.
Reviewed reports and individual transactions which appeared suspicious to uncover possible fraudulent activity
Collaborated with team members to discuss fraud
trends and brainstorm methods to combat this type
of crime
Gathered evidence, which included recorded and
written statements, financial documentation, and
audio materials for examination
Drove operational improvements which resulted in savings and improved profit margins
Used critical thinking to break down problems,
evaluate solutions and make decisions
Actively listened to customers, managed concerns quickly and escalated major issues to supervisor
Received and processed stock into inventory
management system
Provided exemplary level of customer service to
clients and company personnel
Education
1997-05 -
2003-01
Bachelor of Science: Business
Administration
Lagos State University - Lagos State University, Ojo
(Main Campus), Lagos
.
Contact this candidate