Summary
Overview
Work History
Education
Skills
Certification
Timeline
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Osamuyimwen Obasogie

Plano,USA

Summary

Experienced Anti-Money Laundering Specialist with a proven track record in enhancing fraud detection processes at Prosperity Bank. Successfully improved team efficiency by 30% through the development and implementation of robust strategies, including drafting and reviewing Suspicious Activity Reports (SARs). A strong collaborator with deep expertise in BSA and global AML regulations, dedicated to fostering secure banking environments.

Overview

11
11
years of professional experience
1
1
Certification

Work History

BSA AM QA/QC

Prosperity Bank
Plano, TX
12.2022 - Current
  • Analyzed data to identify fraud and anti-money laundering concerns.
  • Specialized in various AML and fraud scenarios, such as ATO, ACH Fraud, Wire Fraud, Elder Abuse, structuring
  • Conduct timely investigations into fraud alerts according to SLAs.
  • Perform quality checks for accuracy, compliance, and consistency.
  • Actively support managers, supervisors, and senior analysts with moderately complex fraud investigations, while coordinating with team members and other departments to determine the proper course of action in handling potentially suspicious activity, as required by applicable global regulatory, law enforcement, or Financial Intelligence Units.
  • Write and file Suspicious Activity Reports (SARs), and apply appropriate risk mitigation measures, while ensuring that appropriate documentation of all research and analysis is conducted in accordance with applicable recordkeeping guidelines.
  • Collaborated effectively to enhance analytical processes.
  • Utilize system tools to close cases and prevent fraud loss
  • Manage multiple systems and fraud queues simultaneously
  • Manage high-volume workload to effectively mitigate fraud
  • Conduct customer outreach as needed to determine evidence of fraud
  • Assist with fraud audits and exams and the corrective action plans as directed by the examiner
  • Makes well defined analytical decisions to determine appropriate BSA/Fraud related decisions (e.g., identification of suspicious activity)
  • Consistently manage a queue of cases, perform investigations, and ensure timely follow-up of requests and adherence to escalation procedures, in addition to advising management on current issues related to corresponding banking.
  • Oversee complete investigative process from initial detection to final disposition.
  • Documented research findings for risk-based decision-making.
  • Review and analyze transactional data for potential suspicious activity, including those generated from alert detection processes, subpoenas and warrants, country/corridor reviews, foreign and domestic agent matters, consumer network cases, negative media reports, as well as other sources as applicable.
  • Recommended new software tools and enhancements to improve fraud detection, prevention, and reporting efforts.
  • Developed case plans and conducted comprehensive investigation tactics to obtain necessary evidence

Fraud Analyst

USAA
San Antonio, TX
09.2022 - 12.2022
  • Examined ID theft and fraud claims across different product lines, including line of credit.
  • Analyzed cases to determine if a Suspicious Activity Report (SAR) should be filed.
  • Drafted an overall account activity summary for each case worked on.
  • Conducted and documented evidence from internal systems, the Internet, commercial databases, and other third-party tools, such as Actimize, Lexis Nexis, and negative media screening, to support dispositions on alerts.
  • Analyzed and investigated suspected fraud trends, and reported events to my supervisor.
  • Analyzed daily, weekly, and monthly reporting generated through various systems for money laundering, terrorist financing, and potentially fraudulent activity.
  • Reviewed and handled all assigned cases or fraud alerts generated by the bank's monitoring systems.
  • Collaborated closely with the internal team, including disputes, recoveries, customer service, and compliance.
  • Communicated effectively with the bank's loss prevention officer to resolve fraud cases efficiently.

SENIOR BSA ANALYST

Capital One Bank (Contract)
Plano, TX
05.2019 - 08.2022
  • Responsible for filing and reviewing suspicious activity reports (SARs) for accuracy, timeliness, and quality SAR narratives according to the Financial Crimes Enforcement Network (FinCEN) filing guidelines
  • Conducted investigations, remediation, complex analysis, and classification of transaction surveillance, in line with the bank’s risk methodology
  • Critically analysed flagged scenarios as potential suspicious transactions according to guidelines provided by the Global Financial Crimes
  • Reviewed transaction alerts and assessed potential money laundering activities
  • Conducted investigations of suspicious transactions and performed periodic reviews for compliance
  • Provided consultation on Sanctions compliance and managed related databases
  • Acted as the subject matter resource on assigned Sanctions related laws and regulations
  • Drafted overall account activity summaries for each case worked on and documented evidence from various sources
  • Responsible for identifying and researching the patterns, trends and anomalies in complex transactions and customer data to detect, prevent, mitigate, and report suspicious activity related to money laundering, terrorist financing and structuring of funds

Senior AML Analyst

PNC (Contract)
Dallas, TX
06.2017 - 04.2019
  • Reviewed transaction alerts, assessed for potential money laundering activities, and conducted investigations of suspicious transactions.
  • Performed periodic reviews to ensure compliance with money laundering, due diligence, know-your-client (KYC) processes, sanctions, and transaction monitoring regulations.
  • Provided consultation on sanctions compliance to appropriate line managers, business compliance officers, and other business partners responsible for the bank’s compliance with sanctions rules and regulations.
  • Examined staff training needs for sanctions compliance.
  • Facilitated specialized compliance sessions across multiple teams.
  • Produced forms and related operational procedures to ensure compliance with the BSA/AML sanctions program, for approval by the appropriate senior compliance officer.
  • Managed and updated sanctions-related databases from external and internal sources to meet regulatory expectations and requirements.
  • Served as the primary expert on assigned sanctions-related laws and regulations.

KYC Senior Officer

SunTrust Bank (Contract)
Atlanta, GA
02.2014 - 05.2017
  • Performed end-to-end management of the client KYC process, including liaison across the business, compliance with industry regulations, and operations.
  • Collected and reviewed AML documents in accordance with current KYC policies, and provided rationales when client risks were identified.
  • Built KYC templates for onboarding entities with similar NAIC codes to facilitate effective and timely onboards for new clients.
  • Demonstrated an effective communication channel with RMs (Relationship Managers) in requesting additional information for clients with incomplete documentation and identification.
  • Provided subject matter expertise where needed during my Due Diligence and Enhanced Due Diligence (EDD) process, and escalated alerts where necessary.
  • Demonstrated an excellent working relationship with my teammates, line manager, and other teams.
  • Other reporting requirements (e.g., sanctions breaches, collaboration with ICSO on sanctions violations that warrant potential SAR filing).
  • Promoted high customer satisfaction by resolving problems with knowledgeable and friendly service.
  • Contributed innovative ideas and solutions to enhance team performance and outcomes.
  • Exceeded customer satisfaction by finding creative solutions to problems.

Education

Master’s - Urban Planning And Administration

University of Seoul
Seoul, South Korea

Bachelor of Science - Business Administration

Ambrose Alli University
Nigeria

Skills

  • Knowledge of laws applicable to money laundering
  • BSA
  • Understanding of USA Patriot Act Implications
  • Understanding of Anti-Money Laundering Guidelines
  • Suspicious Activity Reporting (SAR) requirements
  • Global AML/CFT/Fraud laws and regulations
  • Data analysis
  • Research proficiency
  • Transaction Activity Analysis
  • Critical thinking
  • Expertise in OFAC Website Navigation
  • Project Management
  • Worldcheck/Lexisi Nexis/clear
  • SAR Writing and filling
  • Salesforce/Onenote/bridger
  • Proficient in Actimise and Verafin
  • KYC Remediation
  • EDD Research Management
  • FINCEN Guideline
  • Bank Secrecy ACT-BSA
  • Proven Teamwork Abilities
  • Information Verification
  • Quality control &Insurance

Certification

Certified Anti Money Specialist (CAMS)

Timeline

BSA AM QA/QC

Prosperity Bank
12.2022 - Current

Fraud Analyst

USAA
09.2022 - 12.2022

SENIOR BSA ANALYST

Capital One Bank (Contract)
05.2019 - 08.2022

Senior AML Analyst

PNC (Contract)
06.2017 - 04.2019

KYC Senior Officer

SunTrust Bank (Contract)
02.2014 - 05.2017

Master’s - Urban Planning And Administration

University of Seoul

Bachelor of Science - Business Administration

Ambrose Alli University

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Osamuyimwen Obasogie