Aml Analyst Compliance

Location:

Beltsville, MD

Posted:

February 11, 2023

Contact this candidate

Resume:

Suzi I Oriaifo

Nottingham, Maryland Tel: 845-***-**** adu9xg@r.postjobfree.com

PROFILE

CAMS Certified and experienced Compliance Analyst with all AML laws, regulations, guidelines, written procedures; OFAC, CIP, CDD, KYC, QA & QC. Proficient in preparing required reports such as Suspicious Activity reports (SARs) and continuous Activity Reports (CAR). Monitored transactions as well as AML/BSA trends for related industry practices. Reviewed transactions to detect possible structuring or illegal activities along reviewing OFAC and PEP alerts generated by automated systems.

SOFT SKILLS:

Actimize

Lexis Nexis (People finder Negative news)

Xerox

World base

World check

MS Office 365 (Word, PowerPoint, Excel)

OFAC search list

LogMeIn

AWS

BVD (Bureau Van Dijk)

RDC

Pacer

Excel

PROFESSIONAL EXPERIENCE:

Protiviti Global Business Consulting October 2022 - Dec 2022

Supported Mastercard International team with professional service for sanction screening for all the clients as they moved from the compliance Catalyst 1.0 with accounts general options, own entities, generic comments work flow and file connections, ensuring corporate customers profiles where still in line with Compliance Catalyst 2.0 that was recently launched by Master Card International.

All alerts generated in 2.0 was cross matched to ensure there was accurate screening for various categories such as sanctions; beneficial owners of the business; directors and controlling shareholders with standard practice for PEPs, positive match with sanction grid was further escalated to the fraud team, after comparing from 1.0 and 2.0 systems.

EXL SERVICES March 2022 – Sept 2022 (With client Barclays BANK, UK)

Knowledgeable of the laws applicable to money laundering including the Bank Secrecy Act (BSA), USA Patriot Act, OFAC requirements and Suspicious Activity Reporting requirements.

Assisted in reporting/escalating results of analysis for clients during their periodic due diligence reviews and new client reviews.

Draft written Enhanced Due Diligence investigation reports for all assigned high risk customers to determine if potential legal, regulatory or reputation risks were posed to the bank by administering all aspects of the bank’s Enhanced Due Diligence policies and make recommendations on overall customer risk based on data analysis.

Ensured financials validated the volume and amounts of transactional activity for the client.

Dispositions were then communicated in well-in summations that may have resulted in a down grade of risk level, account closure, or SAR recommendation.

Effectively conducted AML /KYC formality reports on questionable accounts and transactions.

Used the OFAC Search list platform to screen for Banks and Countries that have been OFAC sanctioned.

Improved and implemented customer risk rating criteria with KYC management and procedure for both consumer and corporate customer.

Avid-Xchange Financials January 2022 - February 2022

Conduct quality check review and filed Suspicious Activity Reports (SARs) originating from various investigation units including correspondent banking, retail banking, Sanctions, Fraud and compliance to FinCEN.

Utilized proprietary and online software/ databases such as KYC, Lexis-Nexis, Norkom, World-Check, Regulatory Data Corp (RDC).

Investigated the accounting documents of each department and the organization to ensure where in line with the set legal and ethical standards

Conduct quality check review and file Suspicious Activity Reports (SARs) originating from various investigation units including correspondent banking, retail banking, Sanctions, Fraud and compliance to FinCEN.

2nd Team Lead/ Analyst

Review using sampling methodology to check activities

under view by Analyst.

Review and understand relationship with counterparties, KYC profiling and establish if its usual or unusual during supervisory roles.

Investigating all USAA accounts number /account types affected by the alerted activities LE request, Subpoena or 314b request

Identify all red flag and close cases if not related to current alert been flagged

Ensure all passed and reviewed alerts are upload on share point. Any unassigned are reassigned to Quality control/ Quality Assurance team to revalidate.

Recap and meetings are held and revisited weekly for update on continuous change based on management new and ever-changing ways to deliverables

GUIDE HOUSE -Remote November 2021- Jan 2023

In a Project with Oriental Bank

Puerto Rico

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

Assist the Wealth Management AML Risk team in projects and initiatives related to assessing and mitigating money laundering and reputational risk-relevant activities in Latin America Countries.

Actively collaborate with the Wealth Management AML Risk Team in translating documents to Spanish or Portuguese during the Enhanced Due Diligence process.

Verification of Source of wealth documents for clients who want to invest in Morgan Stanley

Review client documents to ensure all onboarding documents are properly received

A part of the Know Your Customer/Enhanced Due Diligence (KYC/EDD) Team with specific responsibilities of assessing and managing client BSA/AML risks.

Conduct an Enhanced Due Diligence review of low and Medium risk clients that includes composing a comprehensive written narrative explaining the business structure and risks the client presents.

KPMG- Remote October 2020 - August 2021

Quality Control/ Quality Assurance

Review and investigate 2nd and 3rd level review.

Experience in support with FLOD issues escalation monitoring, mentoring and rendering daily report, monthly and quarterly reports as a team lead during meetings

Create, manage, and monitor daily Fraud SAR aging reports to ensure timely submission of SARs Analyzes sensitive information concerning customer and account activity to confirm SAR filings are complete and accurate.

Complete close alert and write recommendation on QC generated alert to Fraud detection Analyst and AML Analyst.

USAA Sept 2019 – Sept 2020

AML Investigator/SAR writing

Investigated international and domestic wire transfers for suspicious activity terrorist financing and money laundering for high risk alerted transactions for correspondent banking and US dollar clearing.

Prepared regulatory reports, Requests for Information (RFI), Patriot Act 314(b) requests, and SARs (Suspicious Activity Reports).

Maintain a current understanding and knowledge of AML, KYC, Due Diligence, and financing issues, policies, and procedures.

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

Utilized proprietary and online software/ databases such as KYC, Lexis-Nexis, Norkom, World-Check, Regulatory Data Corp (RDC).

Investigated the accounting documents of each department and the organization to ensure where in line with the set legal and ethical standards

Create, manage and monitor daily Fraud SAR aging reports to ensure timely submission of SARs Analyzes sensitive information concerning customer and account activity to confirm SAR filings are complete and accurate

Provide risk control and technical solution knowledge to ensure due diligences, documentations, audit trails, decisions, and corrective actions are met with bank's procedure and regulatory standards

Identifies significant cases that require notification to management and assists in cross-training personnel

Utilized the U.S. Patriot Act, Bank Secrecy Act, AML and OFAC laws as a guideline for carrying out investigations on individual and company accounts.

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

Verified the accuracy of inputs from bank customers and collateral information in the Main Processing Queues

Ensured that decisions not to file a SAR were properly documented.

Conducted investigations into questionable account activities in individual and company accounts.

Prepared and filed Suspicious Activity Reports ("SAR") for accounts which must have been identified to have carried out possible structuring.

Conducted suspicious activity investigations, currency transaction reporting, global sanctions screening, enhanced due diligence or other AML processes.

Reviewed system alerts, assessing impact to AML processes, conducting research as required, and documenting results. Wrote suspicious activity reports, addressing Currency Transaction Report (CTR) alerts, sanctions alerts, and other applicable AML processes in accordance with regulations and time limitations.

AML Analyst

SSI People July 2017 – Aug 2018