Summary
Overview
Work History
Education
Skills
Timeline
Generic

Oladayo Okunola

Mableton,GA

Summary

An accomplished Compliance officer with an eight years track record in fraud detection/prevention, regulatory risk assessment, reporting and auditing, loan, and Document Review. Skillfully dive efforts of cross-functional teams applying best practices of the European Union regulations with the primary focus on Compliance. A senior Compliance analyst excellent in handling client’s requests and delivering quality work. An analytical thinker and passionate problem solver with the ability to read and interpret complex regulations whilst making accurate operational decisions. Has a long track record of evaluating compliance issues within an organization and then taking appropriate action to improve operational performance in accordance with FCA, FINCEN, OFAC regulations, anti-money laundering and counter terrorist financing.

Overview

15
15
years of professional experience

Work History

SENIOR AML/KYC QC CONSULTANT

Bank Of the West
09.2021 - Current
  • Examined internal reports, compile full accurate disclosure reports and forward to MLRO for onward disclosure
  • Advised on account opening, amendments, ABC registrations and KYC matters
  • Performed Enhanced Due Diligence on high-risk clients and high-risk entities
  • Responded to a wide range of customer enquiries, resolving issues satisfactorily
  • Acted as a point of reference for technical and procedural issues
  • AML/KYC to ensure customer requirements are satisfied
  • Compiled and submitted regular reports to update senior management on operation Analyzed areas of potential risk to assets, earning capacity and organizational success
  • May conduct research, analyze, and evaluate additional verification via non-documentary methods and notify CoSA to take reasonable measures to restrict the Customer's ability to use, liquidate and/or close the Account/Covered Product
  • (CIP) Manage Negative News and PEP screening functions, as appropriate
  • (CDD, EDD, SDD) performing quality control (QC) review of KYC files submitted by the Onboarding Unit to ensure compliance with the BSA/AML policy Identify key issues and gaps in processes that impact quality, accuracy, and compliance and make recommendations for enhancement
  • (QC) Ensure timely and accurate completion of all quality control reviews of SARs for timely filing (QC) Provide input of monthly reports to keep management informed of department activities, such as: Quality Control score analysis, Quality Control volume tracking, as well as other reports as assigned.

SENIOR AML/KYC CONSULTANT

Goldman Sachs Bank
03.2021 - 08.2021
  • Performed the required KYC screenings on customers documenting the information obtained on the clients as required by global KYC procedures
  • Performed Enhanced Due Diligence on high-risk clients and high-risk entities
  • Responded to a wide range of customer enquiries, resolving issues satisfactorily
  • Acted as a point of reference for technical and procedural issues
  • AML/KYC to ensure customer requirements are satisfied
  • Built and retained accurate KYC profiles on internal KYC systems whilst ensuring supporting documentation are obtained in accordance with global and regulatory requirements
  • Investigated politically exposed persons (PEP)
  • Conducted registration and on-boarding for third parties, also opening and on-boarding new customers across a variety of structures
  • Examined internal reports, compile full accurate disclosure reports and forward to MLRO for onward disclosure
  • Advised on account opening, amendments, ABC registrations and KYC matters.

SENIOR AML/KYC QC CONSULTANT

USAA
03.2020 - 02.2021
  • Compiled and submitted regular reports to update senior management on operation Analyzed areas of potential risk to assets, earning capacity and organizational success
  • Created, implemented and optimized rules to reduce bank's exposure to fraud
  • Demonstrated self-reliance by meeting and exceeding workflow needs
  • Conduct AML investigations that involve clients with accounts performing cash deposits, wire transfers or involve complex transactional and client account patterns
  • Review and analyze transactions to identify any suspicious or suspect activity
  • Provide due diligence for potential and existing customers and parties involved in various transactions to identify suspicious activity
  • Perform independent check of KYC information provided by front office
  • Very proactive approach to process improvement, actively seeks opportunities for change that benefit the wider team
  • Contributing ideas and participating in efforts to further improve and streamline the process Perform Periodic KYC reviews on risk-based schedule
  • Liaison with Compliance Department and the senior management within Business units supported
  • End to end management of client KYC process including liaison across the business, compliance and operations
  • Provide input of monthly reports to keep management informed of department activities, such as: Quality Control score analysis, Quality Control volume tracking, as well as other reports as assigned
  • Performing quality control (QC) review of KYC files submitted by the Onboarding Unit to ensure compliance with the BSA/AML policy Identify key issues and gaps in processes that impact quality, accuracy, and compliance and make recommendations for enhancement
  • (QC)

KYC COMPLIANCE ANALYST

Old National Bank
07.2017 - 12.2019
  • Assists with the implementation of unit objectives and policies and procedures to meet organizational goals and objectives focused on AML/KYC in support of USAA and its membership
  • Produce risk-based written analyses of customers who require periodic review and escalate to the appropriate CoSA's for file remediation, as needed
  • (CDD, EDD, SDD) Works within aggressive timelines to ensure goals are accomplished for KYC Customer Profile reviews
  • Identify, review and monitor higher risk customers to minimize risk for the Enterprise (CDD, EDD, SDD)
  • May conduct research, analyze and evaluate additional verification via non-documentary methods and notify CoSA to take reasonable measures to restrict the Customer's ability to use, liquidate and/or close the Account/Covered Product
  • (CIP) Manage Negative News and PEP screening functions, as appropriate
  • (CDD, EDD, SDD) Conduct periodic reviews of customers as needed to ensure accuracy of profile
  • (CDD, EDD, SDD) Utilize documentary and non-documentary requirements, as appropriate, to be applied to verify the identity of the Customer
  • (CIP)
  • Participates in AML/KYC key initiatives, work streams, working groups and projects.

CLIENT ONBOARDING/QC ANALYST

Fidelity Bank
05.2015 - 07.2017
  • Performed the required KYC screenings on customers documenting the information obtained on the clients as required by global KYC procedures
  • Performed Enhanced Due Diligence on high-risk clients and high-risk entities
  • Responded to a wide range of customer enquiries, resolving issues satisfactorily
  • Acted as a point of reference for technical and procedural issues
  • AML/KYC to ensure customer requirements are satisfied
  • Built and retained accurate KYC profiles on internal KYC systems whilst ensuring supporting documentation are obtained in accordance with global and regulatory requirements
  • Investigated politically exposed persons (PEP)
  • Conducted registration and on-boarding for third parties, also opening and on-boarding new customers across a variety of structures
  • Examined internal reports, compile full accurate disclosure reports and forward to MLRO for onward disclosure
  • Advised on account opening, amendments, ABC registrations and KYC matters
  • Responsible for new client data validation and documentary evidence to fulfill client identification and classification requirements to meet banks AML policy within FCA regulated environment
  • Responsible for collating documentation for on-boarding new bank corporate customers and ensuring compliance with the Financial Services and Markets Act, and specifically with the Money Laundering Regulations
  • Reported discrepancies identified in documentation and providing appropriate feedback
  • Provide input of monthly reports to keep management informed of department activities, such as: Quality Control score analysis, Quality Control volume tracking, as well as other reports as assigned
  • Performing quality control (QC) review of KYC files submitted by the Onboarding Unit to ensure compliance with the BSA/AML policy Identify key issues and gaps in processes that impact quality, accuracy, and compliance and make recommendations for enhancement
  • (QC)

KYC/AML ONBOARDING SENIOR ANALYST

Td Bank
10.2014 - 04.2015
  • Managed vetting of all global markets and global banking on-boarding AML escalations covering a range of different clients including large private/public companies as well as more complex structures such as Co-operatives, Foundations, Funds and Government agencies
  • Worked as a client on boarding and account opening analyst to perform enhanced due diligence activities on prospective client relationships and ensure the implementation of the bank's group on boarding procedures
  • Performed the required KYC screenings on customers documenting the information obtained on the Headquarters: Melville, NY Clients as required by global KYC procedures
  • Performed Enhanced Due Diligence on high-risk clients and high-risk Products
  • Responded to a wide range of customer enquiries, resolving issues satisfactorily
  • Acted as a point of reference for technical and procedural issues re: AML/KYC to ensure customer requirements are satisfied
  • Built and retained accurate KYC profiles on internal KYC systems whilst ensuring supporting documentation are obtained in accordance with global and regulatory requirements
  • Investigated politically exposed persons (PEP)
  • Conducted registration and on-boarding for third parties, also opening, and on-boarding new customers across a variety of structures
  • Examined internal reports, compile full accurate disclosure reports and forward to MLRO for onward disclosure
  • Advised on account opening, amendments, ABC registrations and KYC matters
  • Responsible for new client data validation and documentary evidence to fulfil client identification and classification requirements to meet banks AML policy within FCA regulated environment
  • Responsible for collating documentation for on-boarding new bank corporate customers and ensuring compliance with the Financial Services and Markets Act, and specifically with the Money Laundering Regulations
  • Reported discrepancies identified in documentation and providing appropriate feedback
  • Liaised with the Relationship Managers, Customer Account Managers and Senior Business Officers to obtain any information missing from client applications or account reviews
  • Supported Client Management team as subject matter expert in respect of AML/KYC, to on-board new customers in an efficient and effective manner

KYC/CDD ANALYST

First Bank
03.2009 - 08.2014
  • Worked closely with the business to assist in the identification and submission of any PEP memorandums to internal compliance and AML team for approval
  • Liaised with other areas within the bank to ensure that new client accounts are opened efficiently whilst ensuring appropriate controls are in place
  • Performed appropriate and confidential handling of sensitive information, including all application and subscription passwords
  • Performed sanctions searches, and determined supporting evidence needed by the Negative News Team
  • Contributed effectively to the capture of productivity and status data both Onshore and Offshore
  • Intense knowledge of data websites and applications
  • Manage workload to meet stretching targets and strict deadlines
  • Provided high value, business critical KYC technical support to the corporate bank relationship team
  • Analyzed data, identifying trends, and providing remedial suggestions to policy and service matters
  • Worked with front office stakeholders of the firm as well as external clients to address their KYC/on-boarding needs
  • Worked in partnership with other corporate teams (the relationship team, the client servicing, and the investment bank both in the UK and internationally) - to deliver excellent client experience.

Education

Bsc Accounting -

Lagos City Polytechnic
01.2008

Professional Diploma in Information Technology
01.2005

Skills

  • AML/KYC
  • FCA, BSA, OFAC Regulations
  • Report Writing
  • Excellent communication
  • Managing Business Administration
  • Data Management Analysis Skills
  • Attention to Detail
  • Inspection
  • Quality Case Monitoring
  • Transaction Monitoring
  • Trust Management
  • Risk Management
  • Compliance Enhanced Due Diligence
  • Quality Checker
  • Quality Assurance
  • Microsoft Office -Excel, Visio, Power Point, Word, Access, VBA's Macro's, Pivot Table
  • Motivated, high-performing individual with proven experience of working with other colleagues, to achieve and often beat their objectives
  • Banking, Leadership, Quality Assurance Loan Underwriting
  • Due Diligence, MSC, Ecommerce, Next Senior management, Organizational skills
  • Finance, PEPS, Personal, Front office, Pivot Table Methodologies

Timeline

SENIOR AML/KYC QC CONSULTANT

Bank Of the West
09.2021 - Current

SENIOR AML/KYC CONSULTANT

Goldman Sachs Bank
03.2021 - 08.2021

SENIOR AML/KYC QC CONSULTANT

USAA
03.2020 - 02.2021

KYC COMPLIANCE ANALYST

Old National Bank
07.2017 - 12.2019

CLIENT ONBOARDING/QC ANALYST

Fidelity Bank
05.2015 - 07.2017

KYC/AML ONBOARDING SENIOR ANALYST

Td Bank
10.2014 - 04.2015

KYC/CDD ANALYST

First Bank
03.2009 - 08.2014

Bsc Accounting -

Lagos City Polytechnic

Professional Diploma in Information Technology

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Oladayo Okunola