Lois Bennett
Loganville,GA
Summary
Highly- motivated AML Analyst with exceptional skills in mitigating and evaluating risk. Excellent interpersonal skills and collaborates well with others.
Overview
13
13
years of professional experience
Work History
AML Analyst
PRMG
03.2022 - 09.2023
- Identified, assessed, and reported any suspicious or unusual activity related to anti-money laundering.
- Conducted investigations into potential violations of AML laws and regulations.
- Assisted in the development of AML policies, procedures, and controls.
- Responsible for managing BSA/AML alert reviews and case investigations of unusual and potentially suspicious activity.
- Compose detailed, well written and comprehensively researched reports, including Suspicious Activity Report (SAR) filings.
- Perform Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) on both individual and business account
- Identify, analyze, monitor, and asses high risk accounts and member behavior profiles, crafting risk mitigation strategies as needed.
- Monitor OFAC Sanctions, Politically Exposed Persons (PEPs), and other Watchlist alerts.
AML Analyst
Better Mortgage
02.2020 - 03.2022
- Identified, assessed, and reported any suspicious or unusual activity related to anti-money laundering and prepared detailed reports for management .
- Analyzed financial statements and transaction histories to detect potential money laundering activities.
- Identified potential threats, vulnerabilities and suspicious behavior patterns and recommended mitigation measures.·
- Conducted investigations into potential violations of AML laws and regulations.
- Maintained up-to-date knowledge of current AML trends, regulations, and best practices.
- Collaborated with other departments to ensure accuracy of customer data across systems.
- Monitored customer accounts for any changes that may require further investigation or review.
- Created automated tools to track customer activity more efficiently.
AML Analyst/Jumbo Underwriter
SunTrust Mortgage
11.2015 - 02.2020
- Performed due diligence reviews by assessing the risk on new customers prior to onboarding them onto the system.
- Investigated alerts generated by the bank's internal systems related to money laundering activities.
- Communicated effectively with various teams within the organization about AML compliance matters.
- Researched international sanctions lists in order to identify individuals or entities subject to restrictions.
- Implemented control measures designed to prevent future violations of applicable laws and regulations
- Transition from Jumbo Underwriter to AML Analyst in 11/2017
- Underwrote mortgages for high net private wealth clients to ensure compliance with bank and investor by analyzing credit, income, assets, collateral, title and purchase contracts
- Experience in complicated self-employed business returns (1120, 1120’s, 1065, Schedule C)
- Communicate well with clients, sales teams, and operations teams etc.. to resolve outstanding issues as they arise
- Analyzed risk and adhered to underwriting standards to drive risk selection and profitability
Underwriter Standards Specialist II
Fannie Mae
02.2012 - 06.2015
- Examined loan files for completeness and accuracy, analyzing credit documents, including, but not limited to, mortgage applications, credit history, assets strength, income, collateral, employment profile, title documents to ensure loans met Fannie Mae delivery requirements
- Reduce deficiency rates when delivering loan files to Fannie Mae by thoroughly auditing files and sending feedback to lenders as well as providing timely updates on loan status.
- Thorough knowledge of self-employed borrower’s (Schedule C, 1120, 1120’s , 1065)
- Selected for various special project teams due to excellent quality
- Achieved and maintained above standard quality control ratings while meeting daily metric requirements in compliance with corporate underwriting protocols.
Frontline Underwriter/ Team Lead
ACE Risk Evaluations
05.2010 - 01.2012
- Determined loan approval eligibility by reviewing credit, income, assets, ratios and collateral based on FNMA/FMLMC guidelines
- Signing authority 1.5 million and underwrote 3 to 4 loans per day
- Experience in underwriting various loan products for various investors
- Improved loan production and decreased turnaround times by developing, implementing, and managing training for a team of 12 underwriters, ensuring consistency in underwriting methods across the team
- Increased lending efficiencies and productivity by meticulously compiling reports, identifying trends, and providing recommendations to senior management regarding opportunities
Education
Bachelor of Science - Computer Science
Troy State University
FHA Underwriting Training -
Capstone Institute
Skills
- Team Leadership and Training
- Relationship Building
- Strong Verbal/Written Communication Skills
- Financial History Analysis
- Risk Mitigation and Management
- Loan Quality and Production
- Problem-Solving/ Analytical/Good Decision Maker
- Organized/Proficient at Multitasking
- Time Management
- Income Analysis
- Versed in various underwriting platforms ( AML, Manual, Jumbo, Agency, Forensic, Due Diligence and Compliance)
Software Knowledge
- Microsoft Office Suite Products, SAS, actimze, Norkom , Various Underwriting System Platforms- i.e. , Encompass, Empower, LP & DU
- Risk Mitigation Tools- Fraudguard, Autotrack, Accurint, Lexis-Nexis, LoanSafe HistoryPro ,Corelogic, RealQuest, AVM
Timeline
AML Analyst
PRMG
03.2022 - 09.2023
AML Analyst
Better Mortgage
02.2020 - 03.2022
AML Analyst/Jumbo Underwriter
SunTrust Mortgage
11.2015 - 02.2020
Underwriter Standards Specialist II
Fannie Mae
02.2012 - 06.2015
Frontline Underwriter/ Team Lead
ACE Risk Evaluations
05.2010 - 01.2012
Bachelor of Science - Computer Science
Troy State University
FHA Underwriting Training -
Capstone Institute
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