1-3 Due Diligence
Resume:
Feranmi Ayegba
Spofford Dr
Forney, Texas *****
ad75by@r.postjobfree.com
PROFESSIONAL EXPERIENCE & SKILLS
Experienced AML Analyst
Possess versatile experience in preparing required reports: Suspicious Activity Reports (SARs)
Evaluate transactions for Money laundering activities within the AML framework along with reviewing negative feeds of OFAC/Watch List/PEP alerts generated by automated systems.
Skilled in monitoring AML/BSA trends for related industry practices
Proficient with MS Office Word, PowerPoint, Excel, PeopleSoft, and SQL
Preparing Suspicious Activity Reports (SARs) and other written investigative/intelligence reports to support investigations under strict quality standards
1-3+ years of business writing experience
1-3+ years previous Fraud and/or AML investigation experience or equivalent knowledge experience Excel proficiency
EXL/ Barclays AML/KYC Compliance Analyst
September 2019 Till Date
Maintained a current understanding and knowledge of AML, KYC, Due Diligence, and financing issues, policies, and procedures.
Utilized the U.S. Patriot Act, Bank Secrecy Act, AML, OFAC, and other AML regulatory policies.
Writing suspicious activity reports, addressing Currency Transaction Report (CTR) alerts, sanctions alerts, and other applicable AML processes under regulations and time limitations
Identity 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.
Analyzed functional requirements, procedures, and problems to automate processing or to improve systems.
Investigates assigned cases by reviewing banking relationships, transactions, and products to detect possible suspicious activity by conducting enhanced due diligence, documenting research, maintaining records of analysis performed, and filing SARs as needed.
Conduct screening via the Bridger Insight application for new investors (including retail and Institutional). Resolve potential matches and escalate matches on time.
Verify the accuracy of input from the customer and collateral information in the Main Processing Queues
Ensured decisions not to file a SAR were well supported and recorded.
Conducted investigations into questionable account activity identified during review.
Prepared and filed Suspicious Activity Reports ("SAR") for escalated activity.
Comfortable completing repetitive tasks for long periods and Ability to work in a fast-paced, highly structured, deadline-driven culture.
Building and maintaining awareness of the broader context and implications of the various types of risk affecting the business including financial, legal, and reputation
Reviewing system alerts, assessing impact on AML processes, conducting research as required, and documenting results.
Provide feedback on alert rule effectiveness and partner with management and analysts to design new rules.
Reviewed and detected transactional alerts from transactional activity (including wire transfers, checks, security transactions, trade finance letters of credit, loans, and cash letters).
Request additional information by contacting various compliance or business personnel in the organization to determine if the unusual transactions warrant closure of the investigation or if further reporting is warranted.
Review of KYC documentation
Continuous activity reporting writing (CAR)
Request for more information (RFI)
Working closely with AML Process Managers to perform other critical functions.
Compilation of suspicious transaction reports every month for reporting with the global compliance team.
Capable of utilizing the internet for research and problem solving and experience working with global sanction lists used for Anti-Money Laundering.
Monitoring suspicious money laundering activities, short-term trading, late market timing, red flag activities, detecting fraudulent transactions, etc.,
Regular review of all known Politically Exposed Persons and their trading history
Regular review of higher-risk trades
Assist the global AML & Compliance teams in updating department policies and procedures when necessary.
Assist in creating department-specific policies and procedures.
PNC Bank February 2019 – August 2019
Compliance Consultant AML Analyst
Conducting hands-on data analysis, data validation, predictive model development, and forecasting
Reviewed monthly and daily transaction alerts, client trading activity, and client file review, conducted due diligence searches and metrics.
Tracked work internally for individual and team operational performance.
As needed, prepared required reports including Suspicious Activity Reports (SARs), under regulations and time limitations
Reviewed negative news and OFAC/Watch List/PEP alerts generated by automated systems.
Actively participates in the annual AML risk assessment by testing adherence to the AML policy and procedures.
Collected and examined financial statements and documents to assist in identifying unusual transaction patterns.
Wrote and prepared Suspicious Activity Reports (SARs) and recommended relationship retention or termination.
Documented all research and analysis conducted in the Case Management System
Provide quantitative and qualitative analysis, including benchmarking and industry best practices studies.
Rationalize and document business rules, thresholds, parameters, and scoring methodology of the monitoring system.
Support the ongoing tuning process.
United Texas Bank March 2016 – January 2019
Investigator/SAR Writing
Prepared monthly account reconciliations for cash, accounts receivable, fixed assets, accounts payable, and prepaid, resulting in reasonable stated balances. Analyzed general ledger activity, including suspense accounts.
Performed GAP analysis and assisted clients in developing and enhancing the internal controls in accounting policies and standard operating procedures in accordance with best practice.
Assisted Supervisors and Managers with accounting issues and analyzing general ledger accounts. Increased cash flow by monitoring accounts receivable that reduced aging past 30 days.
Determined appropriate corrective procedures to improve the efficiency of the accounting department; researched accounting issues and records to solve problems; prepared and reviewed journal entries. Prepare monthly financial reports and analyze variances.
Reviewed requisitions in the accounting system, ensuring requests are under Cost Accounting Standards and accounting policies before approving/dis-approving requests.
Performed account reconciliation and analysis on cash, accounts receivable, and accounts payable, ensuring account balances are investigated in various transactions and accounts to identify inefficiencies and fraudulent activities.
Prepared journal entries to record expenses, revenues, accounts receivables, and interest income in the General Ledger by best practice.
Reviewed, prepared, and analyzed reconciliations, and financial status reports, prepared final invoices and final reporting.
Investigating complex, sensitive, and/or significant AML risks and filing SARs as the result of the investigative work
Providing constructive feedback to AML Analysts & Investigators for the quality of case escalations, trends, issues, or best practices to assist in the continued development of the alert analysis process
Preparing Suspicious Activity Reports (SARs) and other written investigative/intelligence reports to support investigations by strict quality standards
Analyzing collected information and using sound judgment to execute decisions related to risk
Actively participating in internal and external training opportunities, team and departmental meetings, and industry peer groups to maintain advanced awareness of AML risk, industry standards, policy & procedure changes, etc.
Responding in writing and verbally to urgent requests from Management with the utmost expediency
EDUCATION & CERTIFICATION
Bachelor’s in computer science and engineering Ladoke Akintola University of Technology, Oyo, Nigeria (Graduated top 25%)
AML Certification
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