Compliance Officer Regulatory

ISREAL (Izzy) OLATUNJI, BSc, ACAMS, CA

Tel : +1-416-***-**** E-mail : *********@*****.***

Ontario, Canada.

Profile

An experienced Compliance Officer with progressive exposure to Compliance in AML/ATF, KYC/CDD reviews, AML risk rating, AML audit, Name/ sanctions screening, regulatory Compliance (FINTRAC, FSRA, OFAC, FINCEN, Canada’s payment Act, PIPEDA, CASL Law etc.

Experienced in forensic audit, internal audit, fraud deterrence and control and banking operations.

Experienced in Data Analysis, Report generation, Investigations, Research Proficiency, and a team Player.

Excellent critical thinking, analytical skills with ability to identify creative and effective solutions to complex corporate challenges across various projects simultaneously.

Experienced in Cryptocurrency client onboarding and Investigations.

I possess a bachelor’s degree in accounting, a Chartered Accountant, and a Certified Anti Money Laundering Specialist.

Fluent in English with excellent organizational verbal communication and report writing skills, proficient in Microsoft Word, Excel (V and H Lookup, Concatenate, Pivot Table), SharePoint, PowerPoint, World check, FACTIVA, OSINT (open search Intelligence), SAS anti-fraud module, Actimize, Content Manager, SQL, Mantas.

Professional Experience

Financial Crimes / AML Investigation Consultant

Deloitte, Toronto, ON November 2024 – July 2025

- The clientele being CIBC.

Performing end to end AML Investigation and reviews leading to STR filing.

Preparing and submitting Suspicious Transaction Reports (STRs) on the FINTRAC (F2R) Portal and recommending risk mitigation actions for identified money laundering and terrorist financing risks.

Analyzing both corporate and individual clients using risk factors such as country rating, product rating, client rating, ownership, PEP identification and adverse media information to determine the current risk rating of the client.

Acting as a final reviewer of STR documentation to be submitted to FINTRAC.

Periodic review of processes and procedures in line with FINTRAC guidelines as it relates to adjudication of alerts as NFA (No further action) or STR (Suspicious Transaction Reporting).

Utilized Excel - Pivot tables to manipulate for report writing and manipulating complex data and using Excel Macros to handle repetitive assignment Reviewing Swift codes and EFT (Electronic Funds Transfers) messages in relation to funds within banks in Canada, specifically noting sources of funds, relationship between remitters of funds and the client as well as the possibility of the availability of negative media reports on the remitters of funds.

Reviewing details of interac platform for incoming and outgoing wires (SWIFT Messages) to and from other countries of the world, noting whether the sources of funds are from sanctioned or high-risk jurisdiction.

Acting as a subject matter expert (SME) on all AML matters.

Financial Crimes / AML Investigation Consultant

Citi Bank, Canada October 2021 – October 2024

Investigating special alerts relating to FINTRAC Operational Alerts (Guardian, #Athon, #Shadow, #Protect, #Legion, #Chameleon) and meticulously documenting associated red flags.

Conducting review and adjudicating alerts generated by the internal transaction monitoring systems.

Completing risk-based investigations for alerts identified from adverse media, name screening against PEPs, sanctions, terrorism financing, UTRs.

Identifying critical issues, carrying out the relevant analysis, interpreting results, and promptly reporting essential pertinent findings to AML/ATF Compliance.

Performing thorough research, including client records, customer activities, and account information, to pinpoint unusual activity related to money laundering or terrorist activities, in strict adherence to client's investigative policies and procedures.

Maintaining a deep knowledge base and up-to-date skill sets relevant for AML, ATF, sanctions, and other regulatory matters to conduct investigations.

Identifies areas of improvement and makes recommendations to close gaps to the Senior Manager and communicates and works with business units to resolve identified gaps.

Maintaining accurate records of all investigative actions and decisions taken and ensuring that they are stored in the bank’s approved repository platform.

Rapport Credit Union, Canada

Senior AML Analyst November 2019 to September 2021

Creating and reviewing regulatory compliance documentation

Accomplishing the financial reporting compliance objectives by leading compliance staff and communicating and enforcing values, policies and procedures to direct reports, colleagues, and other stakeholders

Coordinating the creation, review and implementation of policies and procedures resulting from new laws and regulations (FINTRAC, FINCEN, FSRA, CENTRAL1, Payment Canadian Laws etc.).

Designing and coordinating the preparation and ongoing review of policies, procedures, training materials and other communication tools to ensure departments meet compliance requirements.

Coordinating rollout and training of new or updated policies and directives when required

Oversee the AML program including KYC risk rating controls and transaction monitoring.

Ensure accurate and timely delivery of independent compliance reporting of findings and recommendations to Senior Management, the Board of Directors, and relevant regulatory bodies like FINTRAC.

Develop and provide mandatory AML/ATF compliance training and awareness for the board of directors, management, and other staff members.

Act as the subject matter expert and provide guidance on all compliance matters, customer’s onboarding, EDD/CDD, new product enrolment and other issues relating to fraud, forensics, internal audit and control corporate governance and other operational banking issues pertaining to risk.

Ensuring that the policies and procedures of the union are up to date with FINTRAC guidelines,

Ensuring that AML training and awareness program for all staff member in the organization is conducted yearly and this is well documented.

Ensuring that the customer identification program is regularly reviewed to accommodate recent changes by FINTRAC.

Ensuring the periodic reviews of OFAC sanctions list.

Accomplishments

Successfully completed the biennial AML effectiveness Audit with minimal exception, without fines or administrative penalties imposed.

Successfully managed the AML regime in a Credit Union environment, thereby creating the right AML culture and practices.

Revamped the member’s onboarding process, identifying critical exception and timely correction of same

Successfully managed the AML/OFAC/Sanctions program in Rapport Credit Union.

Robert Half/Protiviti, Canada (TD Bank, Canada)

AML Investigator / KYC Analyst High Risk Client July 2018 to June 2019

Performing End to end AML Investigation and reviews, and disposition of cases generated by the Automated Monitoring System as well as other external and internal referral systems.

Preparing and submitting Suspicious Transaction Reports (STRs) on the FINTRAC (F2R) Portal and recommending risk mitigation actions for identified money laundering and terrorist financing risks.

Conducting case/alerts adjudications with the view of closing as non-suspicious (NFA or DNR) or recommending filing suspicious transaction report (STR)

Analyzing both Corporate and individual clients using risk factors such as country rating, product rating, client rating, ownership, PEP identification and adverse media information to determine the current risk rating of the client.

Coaching and training newly employed AML Investigators

Working closely with other business units and corporate stakeholder groups to implement appropriate due diligence and customer remediation steps to minimize regulatory and reputational risk.

Keeping abreast of new and emerging trends, typologies, and changes to legislation and guidelines.

Promontory Financial Group, Canada (Scotia Bank)

AML Analyst - Client Onboarding and Name Screening Review Project December 2017 to May 2018

Ensuring that alerts with perfect matches hits/alerts are handled in accordance with defined procedures and meet standards for both quality and deadlines.

Complete analysis of name screening and unusual transactional information to identify risks, trends, and potential suspicious activity related to money laundering, terrorist financing, sanctions, politically exposed persons (PEP) and other criminal activities.

Escalating True matches to Scotia Bank in accordance with guidance from the Team lead

Monitoring of suspicious transactions based on the vendors AML risk profiling.

Disposing one hundred alerts on FircoSoft and Content Manager daily by utilizing both primary and secondary disposing codes, such as Gender, Name and Age Variances, ITL (Implausible Timeline) and other secondary factors like Mismatched Country of Residence, Mismatched employment etc.

Part of the process-change analyst that gathered business requirements for the merger of old system (Content Manager and FircoSoft application) and gathered requirements for the new solution (Oracle). The new system integrated the contents of both Content Manager and FircoSoft application.

HSBC Bank Canada, Toronto (www.hsbc.ca)

AML Investigator / Quality Control Reviewer November 2016 – June 2017

Investigation of cases spooled from Level 2 officers to ensure that proper and extensive investigation has been done on the subject matter and making timely recommendations as to DNR- do not report or STR (filing a suspicious transactions report with FINTRAC) or demarketing of the client is the activities of such a customer has a far-reaching negative consequences on the image and Bottomline of the bank.

Experienced in the implementation of the Chinese money Circumvention Policy for the purpose of investigating suspicious transactions.

Reviewed customer documentation including KYC information to cross-reference with account activity to ensure accurate risk levels have been assigned to the specific accounts held in the customer's name.

Strong analytical skills in reviewing customers’ transaction dynamics as it relates to AML processes of Placement, Layering and Integration of fraudulent/crime proceeds.

Performs quality control review and validation of the investigations report submitted by Level 3 investigator.

Prioritizing validation of alerts/cases based on the sensitivity, risk associated and aging of the investigative report and alerts. Cases of high priorities include UARs alerts, TM alerts, FIU and Fraud referrals, Correspondent Banking and SWIFT alerts, Legal orders, Investigations exchange from group affiliates

Zenith Bank Plc (www.zenithbank.com)

AML Officer (Onboarding of High-Risk Client/Due Diligence) February 2012 – June 2016

End to end AML Investigation leading to filing of suspicious transactions with FIU of EFCC

Co-ordinated the AML/KYC remedial project aimed at updating a selected 2000 customer’s record across the bank within 6 weeks.

Conducting EDD (Enhanced Due diligence) reviews on both individual and corporate high-risk clients that forms an input towards their AML ratings.

Conducting AML reviews for clients in high-risk jurisdictions

Conducting due diligence when on-boarding new accounts through the NIBSS Portal (Banker’s almanac)

Supported and contributed to review of high-risk clients e.g. PEPs, working with team members to ensure timely, efficient review of suspicious transactions, documenting and follow up of outstanding items.

Prepared Suspicious/Unusual forms, identifying clients/transactions apparently related to money laundering/terrorist financing and escalating such for further investigation by law enforcement and/or

EDUCATION

Chartered Accountant – CA (ICAEW)

Institute of Chartered Accountant in England and Wales

ACAMS Certification

Associate Member, Association of Certified Anti-Money Laundering Specialists

Seneca College, Canada

Postgraduate Certificate: Fraud Examination and Forensic Accounting

Bachelor of Science, Accounting

Ogun State University, Ago Iwoye, Ogun State, Nigeria

Bachelor’s Degree – Accounting with Second Class Upper Hons

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