JUMOKE FAMUDEHIN
Joppa Town,MD
Summary
Results-driven AML/Fraud Analyst with over 5 years of experience in enhancing financial security through effective EDD practices. Expertise in BSA compliance, transaction monitoring, and fraud analysis, including PEP and adverse news screening. Demonstrated ability to prepare SARs and conduct investigations that yield actionable insights. Committed to maintaining regulatory compliance and mitigating risks to uphold financial integrity.
Overview
1
1
Certification
9
9
years of professional experience
Work History
AML/Transaction Monitoring Analyst/Investigator
Barclays Bank
01.2024 - Current
- Reviewing and analyzing financial transactions to identify potential suspicious activity related to money laundering, terrorist financing, or other illicit activities, by looking for unusual patterns or red flags within customer accounts, and then reporting these findings to relevant authorities for further investigation.
- Driving platform enhancements, performance optimizations, and modernization initiatives.
- Acted as primary escalation point for production incidents, conducting root cause analysis to identify and mitigate underlying issues.
- Investigating flagged transactions by reviewing customer profiles, transaction history, and other relevant data to determine if the activity is suspicious or requires further scrutiny.
- Prepared and submitted suspicious activity reports to ensure compliance with regulatory requirements.
- Providing deep technical guidance on Oracle SQL performance, partitioning, and tuning.
- Designing and overseeing data quality controls and reconciliations across AML systems.
- Designing scalable technical infrastructure for transaction data pipelines, scheduling, and processing.
- Using specialized software to monitor customer transactions across various channels (like deposits, withdrawals, wire transfers) and identify potential anomalies based on pre-defined rules and parameters.
- Staying updated on relevant AML regulations and ensuring adherence to internal compliance policies and procedures.
- Reviewing alerts to minimize the number of false positives generated by the transaction monitoring system.
- Identifying patterns and trends in suspicious activity to proactively detect potential money laundering schemes.
- Capability to gather information, conduct research, and build a case for suspicious activity.
- Collected necessary information and documentation for new and existing clients to support the firm's Know Your Customer (KYC) program.
- Demonstrate a strong understanding of the compliance and regulatory frameworks that apply to financial institutions.
- Build relationships within the team and partner with the Business Units, including Private Bankers, Lending Advisors and Branch Risk Officers, to ensure appropriate client onboarding processes and required due diligence is completed.
AML/Fraud Analyst/SAR Writer
Wells Fargo Bank
10.2021 - 01.2023
- Spearheaded annual policy reviews, achieving an exceptional 98% compliance rating with regulatory standards, ensuring robust Enhanced Due Diligence (EDD) practices.
- Implemented measures resulting in a 20% reduction in regulatory penalties through streamlined Suspicious Activity Report (SAR) filing, consistently meeting the 90-day deadline.
- Drafted multiple SARs for high-risk transactions, enhancing compliance with regulatory standards.
- Prepared and submitted over 50 comprehensive SAR narratives with precise timelines and detailed activity descriptions, contributing to successful legal actions against fraudulent actors.
- Composed SARs detailing complex transaction patterns, reinforcing regulatory compliance efforts.
- Leveraged BSA expertise to meticulously analyze transaction data, proactively preventing 15% more instances of fraudulent activity, safeguarding client investments and minimizing financial risks.
- Meticulously analyzed transaction data, leading to the detection of 15% more instances of fraudulent activity, effectively safeguarding the organization against potential financial losses.
Compliance Officer/Analyst
Wells Fargo Bank
09.2020 - 09.2021
- Implemented comprehensive compliance monitoring processes and conducted regular audits, leading to a 30% reduction in compliance-related incidents and penalties over a 12-month period.
- Maintained a consistent track record of ensuring regulatory compliance by proactively identifying and rectifying compliance gaps, resulting in a 98% compliance rating for the organization.
- Implemented a risk assessment framework that identified and assessed compliance risks, enabling proactive mitigation of potential issues and ensuring adherence to regulatory requirements.
- Optimized compliance reporting procedures by introducing automation tools, reducing manual effort by 40% and improving accuracy in compliance reporting to regulatory authorities.
- Developed and delivered tailored compliance training sessions, increasing staff awareness and understanding of compliance regulations by 25%.
AML/KYC Analyst
PNC Bank
Baltimore, MD
09.2017 - 09.2020
- Reviewed and analyzed over 1,000 alerts per month, achieving a 95% accuracy rate in identifying true matches to suspected money launderers, drug dealers, and terrorist activity.
- Conducted EDD on 50+ high-risk customers, resulting in a 20% reduction in potential threats and vulnerabilities within the monitored accounts.
- Led a process improvement initiative that resulted in the establishment of standardized procedures and escalation policies, increasing team efficiency by 25% and reducing response times for unusual activity detection.
- Provided EDD guidance to the team of 5 analysts, resulting in 15% improvement in productivity and enhanced commitment to exceptional customer service and problem resolution.
- Developed and maintained relationships with 20+ key clients, resulting in a 10% increase in client satisfaction and trust, driving repeat business and referrals.
Education
BSc - Agronomy
Ladoke Akintola University of Technology
Oyo01-2011
Skills
- Fraud Detection
- Fraud Identification
- Fraud trend analysis
- Fraud analysis
- Transaction Review
- Activity Monitoring
- KYC (Know Your Customer)
- Due diligence
- SAR Writing
- Process Improvement
- Compliance Analyst
- Investigation Skills
- Data Analysis
- Trend Analysis
- Information Verification
- Software and Database Proficiency
- Case Management
Certification
Certified Anti-Money Laundering Specialist (ACAMS)
Timeline
AML/Transaction Monitoring Analyst/Investigator
Barclays Bank
01.2024 - Current
AML/Fraud Analyst/SAR Writer
Wells Fargo Bank
10.2021 - 01.2023
Compliance Officer/Analyst
Wells Fargo Bank
09.2020 - 09.2021
AML/KYC Analyst
PNC Bank
09.2017 - 09.2020
BSc - Agronomy
Ladoke Akintola University of Technology