Compliance Analyst
Resume:
BUSAYO OLALOYE
AML COMPLIANCE ANALYST
P
E
**********@*****.***
L
Atlanta (U.S.A)
SUMMARY
EDUCATION/CERTIFICATIONS
An AML Analyst with experience in reviewing and analyzing members and business account activities and identifies possible money laundering, terrorist financing, and other fraud and suspicious activity. Experience in AML laws and regulations such as the US Patriot, OFAC, BSA, CDD, and KYC. Advanced in the preparation of Suspicious Activity Reports (SARs) and Continuous Activity Reports (CAR). Expert at CDD, EDD and OFAC/Watch List/PEP.
B.Sc Linguistics.
KEY SKILLS
ATTENTION TO DETAILS
RISK MANGEMENT FRAMEWORK(RMF)
COMPLIANCE
KYC
LEXIS NEXIS
ECRR, RDC
DDIQ
MS OFFICE (EXCEL, WORD POWERPOINT)
PIVOT TABLES
ABILITY TO LEARN AND ADAPT QUICKLY
EXECLLENT COMMUNICATION SKILLS
MULTITASKING, RESEARCH COMPETENCY
EXPERIENCE
Bank of America – AML QC Analyst
August 2018 – Present
Apply diligence in reviewing files to identify deficiencies, discrepancies, and omissions.
Improved and implemented customer risk rating criteria with KYC management and procedure for both consumer and corporate customer.
Support Managers and Supervisors in conducting AML/Fraud investigations in accordance with all legal and regulatory requirements and standards
Engaging in continuous development of critical thinking skills, necessary to mitigate actual and potential security threats, by identifying, evaluating, and applying appropriate situational options and approaches. This may include application of risk-based security screening protocols that vary based on program requirements.
Use SharePoint, Lexis-Nexis, and other tools along with FINRA and Secretary of State website to assist in research on investigation analysis
Conduct sanction and/or Politically Exposed Persons (PEP) screening and identify and investigate any risk.
Compiled and analyzed data of alerts; investigated SAR (suspicious activity reports) history, KYC information, account transactions and other items relevant to investigations.
Perform Collateral duties to several units.
Prepare regulatory reports, Requests for Information (RFI), Patriot Act 314(b) requests, and SARs (Suspicious Activity Reports).
File Suspicious Activity Reports (SARs) originating from various investigation units including correspondent banking, retail banking, Sanctions, Fraud and compliance to FinCEN
Mentor peers on procedures and system.
Perform QA reviews of alert/case processes for BSA Surveillance and BSA Due Diligence to evaluate the work product for quality, accuracy, and sound decision making.
Perform QA reviews of OFAC monitoring processes and CTR filings.
Deutches Bank – AML QC Analyst
January 2016 – June 2018
Performed the required KYC screenings on customers documenting the information obtained on the clients as required by global KYC procedures.
Verified all aspect of CIP/CDD before account opening
Compiled and analyzed data of alerts; investigated SAR (suspicious activity reports) history, KYC information, account transactions and other items relevant to investigations.
Developed analytical summaries/abstracts of suspicious accounts with accurate, verifiable data and supporting documentation, along with reasonable cause to advance investigations.
Ensure compliance with all AML laws, regulations, guidelines, written procedures; OFAC, CIP, KYC, customer/transaction monitoring.
Effectively conducted AML /KYC formality reports on questionable accounts and transactions
Identify excessive risk, fraud, and reviews of misrepresentation in a transaction.
Determine if alerts can be closed or warrant further investigation and elevation to an active investigation in the case management system
Used available research tools (public internet sources as well as third party sites) to identify information concerning transactions identified for further investigation.
Research past alerts and cases to see if previous investigations have taken place and what conclusions were made.
Perform QA reviews of alert/case processes for BSA Surveillance and BSA Due Diligence to evaluate the work product for quality, accuracy, and sound decision making.
Perform QA reviews of OFAC monitoring processes and CTR filings.
AML QC ANALYST
Jan 2011 – Dec 2015
Shore United Bank MD
• Implemented AML monitoring and transferring system initial threshold setting and tuning and deploying the system.
• Developed and maintained partnerships with federal and state law enforcement agencies to facilitate investigations.
• Performed periodic file reviews ensuring activities are reviewed in a holistic manner across the spectrum of products and services used by the customer.
• Ensured CDD is properly performed by the LOBs and EDD is applied in cases were warranted to mitigate AML/TF.
• Complied evidence and documentation in compliance with BSA/AML regulatory requirements.
• Analyzed large quantities of information, identifying trending including establishing appropriate metrics to determine changing risk elements.
• Perform QA reviews of alert/case processes for BSA Surveillance and BSA Due Diligence to evaluate the work product for quality, accuracy, and sound decision making.
• Perform QA reviews of OFAC monitoring processes and CTR filings.
• Reacted to rising risk exposure by recommending appropriate controls and creating a culture of continuous process improvement
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REFERENCES
[Available upon request.]
EDUCATION
UNIVERSITY OF LAGOS BSC LINGUISTICS
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