Summary
Overview
Work History
Education
Skills
Timeline
OperationsManager
ESTHER ALABI

ESTHER ALABI

Los Angeles,CA

Summary

Organized AML/KYC/EDD/Fraud Analyst with about 5
years of experience in Anti-Money Laundering, High Risk
review, Fraud investigation, Regulatory compliance, OFAC stripping, Account
review, KYC, Enhanced due diligence, Negative news
screening, and Ongoing transaction monitoring. Versed in
MS Office Suite, SAR drafting, and Investigation.
Meticulous compliance professional successful at
managing multiple priorities with a positive result, who
has a proven record of success at detecting and
preventing fraud, Investigation, and Risk mitigation. Promoting exemplary skills in Project management, Analytics and Fraud pattern detections.

Overview

5
5
years of professional experience

Work History

AML/FRAUD Analyst

FIRST REPUBLIC BANK
03.2021 - Current
  • Analyze potentially suspicious financial activity and file SAR (Suspicious Activity Report) for submission to FINCEN and other appropriate law enforcement agencies when risk cannot be mitigated.
  • Conduct at least 5 thorough customer due diligence (CDD) and enhanced due diligence (EDD) research using company's resources and other resources to determine whether potential AML risks exist weekly.
  • Recommend new software tools and enhancements to improve fraud detections, preventions, and reporting efforts by 30%.
  • Collaborate with team members to discuss fraud trends and brainstorm methods to combat this type of crimes and analyze results of complex investigations to deliver concise written reports to management.
  • Establish strong partnerships with peers and leaders in Process Management and Support, Compliance, Legal, Financial Controls and Business Risk Management.
  • Observe customer transactions to identify fraudulent activity, such as Account take over, Friendly fraud, theft and similar other risks.
  • Liaise with management to ensure compliance with internal policies and external regulations.
  • Worked with third-party vendors to access and analyze large amounts of data and systems to find patterns of fraud and anomalies.
  • Reviewed reports and individual transactions which appeared suspicious to uncover possible fraudulent activity.
  • Responsible for final determination of retaining and closing customer relationships, and manage closure processes and closure verification follow-ups.

AML/KYC/EDD Analyst

COMERICA
10.2018 - 02.2021
  • Documented research findings to support risk-based decision making and resolution to escalated fraud incidents.
  • Conducted Negative news screening, investigated fraud referrals and performed research to minimize risk and resolve inquires.
  • Prepared high-risk reviews with results and recommendations for customer onboarding, closure and retention.
  • Used customer risk scoring models in accordance with departmental processes and procedures and reviewed customer accounts for instances of suspicious financial transactions.
  • Conducted due diligence in various third party and internal database reviews and detected suspicious activities.
  • Performed background checks, customer research, transactional analysis using software and database then interpreted evidence from multiple systems to determine legitimacy of customer behavior.
  • Identified potential threats, vulnerabilities and suspicious behavioral patterns and recommended mitigation measures.
  • Assisted in risk assessment, identification, and on-going monitoring of higher risk accounts to detect suspicious activity.
  • Reviewed new prospect KYC documents to meet determine business model risk and consulted with compliance department to create regulatory reports.
  • Analyzed and monitored portfolio credit performance against expectations and recommended improvement strategies.

Education

MBA - Business Administration And Management

California State University
Los Angeles, CA
12.2020

Bachelor of Science - Architecture

Covenant University
Otta, Ogun
05.2018

Skills

  • Anti-Money Laundering(AML)
  • SAR Drafting
  • Fraud Investigation
  • Bank Secrecy Acts (BSA)
  • Risk Management
  • Compliance Risk
  • Enhanced Due diligence
  • Regulatory Research
  • Case Analyzation
  • Team Player
  • Reporting & Documentation
  • Detail Oriented
  • Effective Communication
  • Data Analysis
  • MS Office Suite

Timeline

AML/FRAUD Analyst

FIRST REPUBLIC BANK
03.2021 - Current

AML/KYC/EDD Analyst

COMERICA
10.2018 - 02.2021

MBA - Business Administration And Management

California State University

Bachelor of Science - Architecture

Covenant University

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ESTHER ALABI