OBUKEOWHO AKARAH
Irvington,NJ
Summary
Experienced AML Analyst remaining observant while investigating suspected money laundering incidents, collecting information on new clients to identify potential risks and determine an appropriate level of due diligence for each account. Forward thinking and aware of current trends within this specialized field.
Overview
6
6
years of professional experience
Work History
KYC/AML ANALYST
WELLS FARGO
02.2021 - 06.2023
- Perform enhanced due diligence using both internal (searches on previous investigation on CMT
- Mantas) and external sources (LexisNexis, Google and World Check) to obtain a thorough understanding of client’s transactional purpose and source of funds, line of business to determine whether transactional purpose and source of fund, line of business to determine whether transaction appears unusual and suspicious
- Responsible for communicating with internal and external entities, members of the sales team and other AML monitoring units
- Red flags and suspicious activities are escalated, and trends to compliance management in a timely manner
- Actively participates in the annual AML risk assessment by testing adherence to the AML policy and procedures
- Collected and examined financial statements and documents to assist in identifying unusual transaction patterns
- Wrote and prepared Suspicious Activity Reports (SARs) and recommend relationship retention or termination
- Documented all research and analysis conducted in the Case Management System
- Communicate necessary documentation changes to branches and follow through to ensure requested documents/changes have been submitted
KYC ANALYST
CITIZEN BANK
08.2019 - 01.2021
- Reviewed customer documentation including KYC information to cross-reference with account activity to ensure accurate risk levels have been assigned to the specific accounts held in the customer's name
- Review account documentation submitted for multiple types of newly established business and consumer accounts in a timely fashion
- Communicate with KYC Team Lead regarding requests for extensions and keep Team Lead apprised of all outstanding issues
- Made recommendation for approval and discountenance based on investigation and risk rating review prior to customers onboarding
- Identified patterns and trends consistent with activity such as money laundering, terrorist financing and fraud and flagged any suspicious activities detected
- Monitored and analyze specific customer transactions and information in a timely manner to determine if unusual account
- Performed in-depth investigations, retain case documentation, and provide analysis of findings
- Maintained accurate notes, developed initial and ongoing reports of investigations, and completed accurate and timely Suspicious Activities Reports (SAR)
- Conducted limited investigation on new accounts and risk rate them based on the risk they pose to the bank and perform Enhanced Due Diligence on the customer
- Analyzed alerted transactions related to Correspondent Bank client activity to ascertain whether the activity is suspicious
KYC ANALYST
VALLEY BANK
02.2017 - 07.2019
- Prepare detailed financial intelligence reports which includes identification and verification of customer identity, CIP information, transactional analysis summaries and negative news finding utilizing internal and third-party research tools for high and very- high risk clients
- Initiate communication with onboarding entities via email to gather missing information to complete business, association, and personal/representative scores
- Ensure that daily work is completed in accordance with defined procedures, while using judgment to ask questions on areas the procedures do not cover
- Review monthly and daily transaction alerts, sanctions alerts, client file review, conducts due diligence searches and metrics
- Writing suspicious activity reports (SARs)
- Reviewing PEP and sanction alerts for potential matches and conduct research as required
- Accurately risk assess new and existing clients, resolving issues where appropriate
- Conduct enhanced due diligence research of individual, institutions, and trust through
- LexisNexis
Education
MBA - Business Administration
UNIVERSITY OF BENIN
BENIN CITY, EDO STATE. NIGERIA11.2014
Bachelor of Science - Computer Science
UNIVERSITY OF BENIN
BENIN CITY, EDO STATE. NIGERIA01.2004
Skills
- Detailed Analysis
- SQL
- Wire Transfer
- System Monitoring
Timeline
KYC/AML ANALYST
WELLS FARGO
02.2021 - 06.2023
KYC ANALYST
CITIZEN BANK
08.2019 - 01.2021
KYC ANALYST
VALLEY BANK
02.2017 - 07.2019
MBA - Business Administration
UNIVERSITY OF BENIN
Bachelor of Science - Computer Science
UNIVERSITY OF BENIN
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