Afis P Raimi
Joliet,IL
Summary
Detail-oriented and analytical AML/BSA/KYC/QC Fraud Investigations Analyst, and blockchain tracing experience with Cryptocurrency and with over 6 years of combined experience in the financial industry, specializing in Anti-Money Laundering (AML), fraud investigation, KYC (Know Your Customer), and risk management. Exposed to many tools Leis Nexis, SAS, AML tools kit, SASVI, Actimize template, CLEAR. Seeking to contribute to a company’s success through diligence and multi-tasking abilities.
Experienced analyst prepared for this role with strong focus on data interpretation, financial modeling, and strategic planning. Known for collaboration and delivering results, adaptable to changing needs, and reliable. Skilled in data visualization, problem-solving, and stakeholder communication. Employers value analytical mindset, teamwork, and consistent performance.
Overview
6
6
years of professional experience
Work History
AML/BSA/ Investigation Analyst
CrossRiver Bank
08.2023 - 10.2024
- Conduct investigations on potentially suspicious activities and transactions to ensure compliance with AML/BSA regulations
- Analyze financial transaction data to detect any signs of money laundering or fraud
- Prepare and file Suspicious Activity Reports (SARs) in accordance with regulatory requirements
- Ability to follow the flow of transactions on a blockchain, including identifying senders, receivers, and transaction amounts
- Skill in examining blockchain data to identify patterns, anomalies, and relationships between transactions
- Experience in tracing the movement of cryptocurrencies, such as Bitcoin or Ethereum, across different wallets and exchanges
- Ability to review and analyze smart contracts to understand their functionality and identify potential vulnerabilities
- Examine customer transactions and financial activities for anomalies or patterns that may indicate suspicious behavior
- Ability to use SQL by Creating and modifying database structures, Querying data to retrieve specific information
- Utilize transaction monitoring systems to identify unusual activities
- Conduct thorough investigations based on SARs filed by internal staff or alerts generated from monitoring systems
- Gather additional documentation and evidence to support investigations
- Evaluate customer profiles to determine their risk level and validate identification information
- Perform enhanced due diligence for high-risk customers, including those in high-risk jurisdictions or industries
- Ensure that all findings, evidence, and investigative steps taken are documented in detail for compliance and auditing purposes
- Maintain records in accordance with regulatory and organizational standards
- Write comprehensive reports detailing the findings of investigations, including recommendations for further action or reporting to regulatory authorities
- Collaborate with external agencies during investigations or audits
- Provide information and respond to inquiries from law enforcement, if necessary
- Stay informed about changes in AML/BSA regulations and best practices to ensure compliance within the organization
- Present findings and recommendations to management and relevant stakeholders clearly and concisely
- Engage in discussions regarding risk management and compliance strategy
- Provide training to staff on AML and BSA compliance, red flags, and the importance of reporting suspicious activities
- Identify gaps and areas for improvement in transaction monitoring systems or investigation processes
- Work with IT and compliance teams to enhance detection methodologies and reporting processes
- Work alongside other compliance professionals to ensure an integrated approach to risk management and compliance efforts within the organization
Fraud Risk Analyst
Investors Bank
03.2022 - 05.2023
- Managed fraud detection systems and resolved alerts to minimize potential risks
- Analyzed transaction data to identify potentially fraudulent activities and implemented preventative measures
- Developed fraud detection algorithms to enhance system accuracy and efficiency
- Conducted audits to ensure compliance with fraud prevention policies
- Review and analyze transactions in real-time or near-real-time to identify patterns indicative of fraudulent activity using automated fraud detection systems
- Conduct thorough investigations of suspected fraudulent activities, including gathering and analyzing evidence, and documenting investigation processes and outcomes
- Utilize data analytics tools to assess transaction data, identify trends, and gather insights into potential fraud patterns and emerging risks
- Prepare detailed reports on findings, including recommendations for mitigating identified fraud risks and improving detection strategies
- Work closely with various departments, including compliance, legal, operations, and IT, to coordinate fraud prevention and response strategies
- Contribute to the development, implementation, and enhancement of fraud detection and prevention policies and procedures
- Assist in educating customers and clients about fraud prevention measures and how to protect themselves from fraud schemes
- Collaborate in designing and implementing effective fraud prevention programs, such as user authentication processes and transaction verification protocols
- Stay informed about the latest trends in fraud schemes and techniques, as well as regulatory changes relevant to fraud prevention
- Participate in internal audits and reviews to evaluate the effectiveness of existing fraud detection and prevention controls
- Collaborate with law enforcement or regulatory agencies during fraud investigations and provide evidence or materials as needed
- Provide training and support to employees regarding fraud awareness, risk factors, and reporting procedures to create a culture of vigilance
- Respond to fraud alerts and incidents in a timely manner, ensuring appropriate actions are taken to mitigate potential losses
AML/KYC Analyst
Barclays Bank
01.2019 - 02.2022
- Analyzed customer transactions to identify suspicious activities and compliance issues
- Reviewed and updated customer due diligence records for accuracy and completeness
- Assisted in the development and implementation of AML/KYC policies and procedures
- Provided training and guidance to team members on best practices in AML/KYC processes
- Identify and assess the risks of money laundering and terrorist financing associated with customers, products, services, and geographic areas
- Establish and maintain AML policies and procedures that comply with regulatory requirements
- Implement systems to monitor and review transactions for suspicious activity and report such activities to appropriate authorities
- Maintain appropriate records of customer transactions, documentation, and other relevant details to ensure compliance with regulations
- Develop and maintain internal controls and audit processes to ensure the effectiveness of the AML program
- Work with law enforcement agencies when required and assist in any investigations related to money laundering
- Verify the identity of clients using reliable and independent sources, such as government-issued IDs and other documentation
- Perform due diligence on customers to understand the nature of their business, financial transactions, and any potential risks they may pose
- Continuously monitor customer transactions and behavior against established criteria to identify any changes or suspicious activity
- Classify customers based on their risk profiles to determine the level of scrutiny required (e.g., high-risk customers may require enhanced due diligence)
- Keep up-to-date records of customer information and documentation to fulfill regulatory requirements
- Regularly update customer information and carry out re-verification as necessary to ensure data remains current and reliable
- Ensure that KYC processes comply with applicable laws and regulations within the jurisdiction in which the business operates
- Maintain transparency with customers regarding the information being collected for KYC purposes and how it will be used
Education
Bachelor of Science - Business Administration
Ahmadu Bello University
Skills
- Analytical Skills
- Compliance
- Multitasking
- Teamwork
- Communication
- Time Management
- Risk Management
- OFAC Compliance
- MS Office
- Excel
Accomplishments
- Successfully completed challenging projects and reached specific goals within deadlines.
Timeline
AML/BSA/ Investigation Analyst
CrossRiver Bank
08.2023 - 10.2024
Fraud Risk Analyst
Investors Bank
03.2022 - 05.2023
AML/KYC Analyst
Barclays Bank
01.2019 - 02.2022
Bachelor of Science - Business Administration
Ahmadu Bello University