JOHN S. ALAO
Little Elm
Summary
Skilled banking professional with an understanding of BSA/AML monitoring and reporting and KYC Enhanced Due Diligence. Impassioned about verifying the accuracy of all transactions with full compliance with management policies and procedures in the financial institutions. Clear on unmasking every anomaly that shows signs of suspicious activities, or potential fraud and elevating the verified cases via the relevant regulatory avenues.
Overview
6
6
years of professional experience
1
1
Certification
Work History
Anti-Money Laundering Analyst
Deutsche Bank
08.2023 - Current
- Company Overview: Company Overview: Deutsche Bank (via Capital Staffing), Dallas, Texas.
- Well informed of all current BSA/AML and OFAC regulations.
- Examine daily alerts, trends and potential unusual or suspicious activity.
- Developed and suggested reactions to questionable discoveries and notified the relevant regulatory bodies of such actions.
- Decide whether to make a report on suspected conduct, escalate findings, or close instances.
- Create spreadsheets, presentations, KYC Logbooks, narrative reports, and other graphic and narrative products to support analysis of complex fact patterns under review during AML investigations.
- Help with AML Compliance Training, particularly concerning recognizing and disclosing questionable transactions.
- Based on case investigations, decide if complaints of suspicious activity reports (SARs) need to be filed.
- Keep track of fraud prevention reports and make sure the right actions are done to minimize potential losses.
- Preparing Requests for Information (RFIs) to send to the Financial Advisor (FA) Teams where necessary.
- Conduct screening on clients and the people connected to them.
- Completing a transaction review of the client's activity.
AML Analyst
TD BANK
08.2022 - 08.2023
- Company Overview: Company Overview: TD BANK (via PWC), Dallas, Texas
- Present alert-clearing findings/exceptions in a concise and well-written manner that fully supports the core competency that was marked.
- Substantiate the accuracy and completeness of related cases by conducting independent research, examining the supporting documentation, and making sure the narratives fully address all risk factors and that the case's ultimate disposition is consistent within the Financial Institution rules and guiding policies and is understandable to a third party (such as regulators, internal/external auditors, etc).
- Establish consistent case stories and adhere strictly to QA guidelines and processes.
- Provide a clear and concise judgment when assessing the case narrative and supporting documentation in relation to the QA Core Competencies in place while also analyzing the transactional activity and any probable red flags.
- Ensure all QA SLAs (Service Level Agreements) are fulfilled in compliance with established protocols.
- Meet case and QA Production goals in addition to fulfilling the requirements for evaluating Investigator cases.
- Work together with the different stakeholders to ensure that all internal procedures are properly communicated.
- Determine if the case review and final resolution were suitable based on the investigative findings, taking into account the client's profile, past activity, business line, and relationships, among other considerations.
KYC Analyst
Commenity Bank
01.2019 - 08.2022
- Company Overview: Company Overview: Commenity Bank, Dallas, Texas
- Performed periodic reviews and reports on merchants to comply with rules, regulations and KYC requirements.
- Identify potential high-risk customers.
- Ensure CDD is collected at account inception by the account's officer and is periodically updated during the customer relationship.
- Ensure accurate data collection to comply with the bank's Customer Identification Program (CIP).
- Thoroughly and professionally document a narrative describing the customer with information obtained during the review.
- All information in case management systems should be updated appropriately and all documents should be attached to the system for retention.
- Communicate effectively and efficiently with account officers, relationship managers, and business lines to obtain needed customer due diligence or enhanced due diligence information.
- Work at high levels of both quantity and quality and help with projects as instructed by the due diligence manager.
Education
Bachelor of Arts (B.A.) -
University of Benin
Skills
- Detailed data collection and analysis
- Quality Assurance
- Familiar with EDD
- Proficient with MS Office Word
- Proficient with Excel
- Proficient with SQL
- AML/BSA trends and industry knowledge
- Suspicious Activity Reports (SARs)
- Customer Due Diligence
Certification
CAMS - Certified Anti Money Laundering Specialist (In View)
LANGUAGE
English
Fluent
Timeline
Anti-Money Laundering Analyst
Deutsche Bank
08.2023 - Current
AML Analyst
TD BANK
08.2022 - 08.2023
KYC Analyst
Commenity Bank
01.2019 - 08.2022
Bachelor of Arts (B.A.) -
University of Benin
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