Gbemisola Keri Aragbaye-Ajayi

• Support end-to-end reviews of FinCEN 314(a) and other regulatory screening processes, coordinating with business unit personnel to ensure compliance.
• Assist in managing customer screening processes to detect high-risk activities, ensuring enhanced due diligence procedures are followed.
• Contribute to the development and review of Client Risk Scoring, Client Identification, and KYC documentation requirements, including oversight of documentation submitted by business units with a solid understanding of Corporate Formation Documents.
• Collect and analyze account-opening documents to identify control persons and beneficial owners, ensuring compliance with regulatory standards.
• Prepare and submit SARs (Suspicious Activity Reports) and UARs (Unusual Activity Reports), ensuring accurate and timely reporting as needed.
• Recommend account closures or alternative actions to reduce exposure where appropriate.
• Develop and manage a proactive risk identification strategy to address emerging business risks and integrate insights from regulatory actions.
• Monitor, review, and escalate unusual client or policy activity to lead investigators, supporting BSA/AML investigations with targeted analysis as needed.
• Conduct research and provide timely guidance to employee and management inquiries, as well as to internal and external auditors.
• Perform additional tasks as assigned to support effective BSA/AML and KYC policy administration.

Responsibilities:

• Conduct thorough alert analysis to accurately identify red flags, including fraud indicators and KYC inconsistencies.
• Examine transactional data and perform in-depth research using internal and external tools to verify customer identities and detect potential risks.
• Complete investigation processes for suspicious activity alerts, fraud referrals, and manual reviews, ensuring analysis is thorough, negative news is accurately assessed, and documentation is complete.
• Analyze transactional and KYC information to uncover trends, risks, and signs of fraud or suspicious activity.
• Collaborate with staff to gather information on client transaction behavior, verifying KYC details and identifying any unusual patterns.
• Finalize Suspicious Activity Referrals and fraud cases by compiling and reviewing all relevant documentation.
• Ensure timely review of Financial Intelligence Unit (FIU) cases by documenting results in the case management system.
• Make recommendations based on investigation outcomes and escalate alerts that require further scrutiny for fraud or AML concerns.
• Identified and oversaw transactions involving High-Risk Countries, ensuring strict adherence to financial regulations.
• Analyzed transactional data to detect anomalies by leveraging industry standards, historical customer behavior, and regulatory criteria for suspicious activities.
• Prepare detailed SAR narratives highlighting potentially suspicious activity, fraud patterns, and KYC red flags.
• Build effective working relationships with internal teams, fraud analysts, and client stakeholders to strengthen fraud and KYC processes.
• Carried out comprehensive investigations utilizing the bank's proprietary resources such as system software, databases, reports, and applications to determined if suspect account activity warranted investigation in accordance with BSA and Anti-money Laundering protocols.
• Demonstrate strong knowledge of AML, fraud prevention, KYC regulations, and industry best practices.

Responsibilities:

• Identified areas of risk exposure and implemented controls to minimize losses due to fraud.
• Apply risk mitigation strategies to reduce the likelihood of future fraud incidents.
• Pinpointed high-risk areas and set up controls to reduce fraud losses, making processes safer and more efficient.
• Rolled out risk management strategies to proactively prevent future fraud incidents.
• Conducted thorough background checks on new customers to flag any potential risks from the start.
• Interviewed suspects and witnesses during investigations, uncovering details that helped build stronger cases.
• Reviewed financial records for any red flags, providing hands-on support for fraud investigations.
• Partnered with law enforcement to bring complex fraud cases to resolution.
• Analyzed potentially fraudulent transactions closely, working with compliance to submit Suspicious Activity Reports (SARs) when needed.
• Led investigations into cases involving repeat offenders and reviewed ACH referrals from partner banks.
• Streamlined communication with the Fraud Detection Security Service, making chargeback scheduling and authorization processes smoother and faster.