OWOLABI ABASS
Middletown,DE
Summary
Organized and dependable AML specialist successful at managing multiple priorities with a positive attitude with high degree of accuracy. Willingness to take on added responsibilities to meet team goals, a detail-oriented team player with strong organizational skills.
Overview
11
11
years of professional experience
Work History
AVP, AML Transaction Monitoring
BNP Paribas
09.2022 - Current
- Perform analysis of existing (and prospective) accounts/customers and their beneficial owners, including enhanced due diligence synthesize findings and report to management, partners, and committee members for effective assessment of viability and risk
- Reviews, analyzes, and makes risk-based decisions on disputes regarding Client and relationships and account closures and or transaction activities
- Investigate and review adverse media pertaining to financial crimes, AML/BSA issues, bribery/corruption, high risk geography activities, transaction deviations, OFAC sanctions issues
- Assists with risk assessments to ensure appropriate BSA/AML and sanctions training/up to date for the line of business
- Reviews, analyzes KPI (Key Performance Indicators) report, and update NLE (Non-Legal Entity) report to reflect the updated KYC (Know Your Customer).
- Attended weekly meetings and special sessions of Leadership and Executive Leadership Teams and contributed to major administrative initiatives, policies and decisions.
- Communicated with leadership teams to assist with administrative initiatives and decisions and attended weekly meetings to support policy changes.
- Reviewed, identified, updated and prioritized strategic initiatives to provide comprehensive support to senior leadership.
AML Associate
Barclays Bank
12.2021 - 09.2022
- Reviewed system generated alerts to determine and assess the presence of illicit activity that may require reporting based on BSA/ AML requirements
- Analyzed, determine, assessed, and mitigate potential risks, and or promote suspicious alert transactions to case, following due diligence investigation and in accordance with the AML policies and procedures.
- Worked to meet or exceed special targets for credit card transactions.
- Developed strong rapport with other business unit and QA (Quality Assurance) to effectively enhanced remediation, and created positive impression of business.
AML Associate
JP Morgan Chase
02.2017 - 12.2021
- Conducted financial forensic investigations on AML cases including complex transactions, FIU (Financial Investigation Unit), branch referrals, credit card, merchant services to determine the risk and illegal transactions activities
- Analyzed potential financial risks, and or filed Suspicious Activity Report (SARs), following due diligence investigation and in accordance with the AML policies and procedures
- Conducted Current Activity Report (CAR) on reported suspicious account(s) and customers to identify continued suspicious activity.
- Worked varied hours to meet seasonal and business needs.
- Prioritized tasks to meet tight deadlines, pitching in to assist others with project duties.
Money Market Operation Analyst
JP Morgan Chase
10.2016 - 02.2017
- Processed and settled buy and sell transaction performances of money market securities
- Reconciled transaction activities, and accruals for business clients such as hedge funds and banks
- Monitored money markets dividends and interests to reflect accurately on clients’ accounts for record-keeping
- Monitored trades status and incoming funds are applied according to the terms of the trade.
- Identified and analyzed project risks and assisted with effective operation strategies.
Procurement Associate
Vanguard Group
04.2013 - 10.2016
- Provided quality services for both internal and external clients for invoice payments via E-Financials (PeopleSoft) system according to the terms of the contract established between Vanguard and our Vendors
- Reviewed and voucher invoices/payment request form/corporate credit card charges, and verified documentation with proper authorization and approval
- Monitored Purchase Order and Exception Vouchers to determined/rectified discrepancies for payments, and PO balances.
- Built relationships with vendors to negotiate ideal terms for purchases.
- Set up and negotiated contracts to obtain favorable pricing and delivery structures.
- Input, analyzed and reported on data covering all aspects of procurement operations.
Financial Associate
Vanguard Group
01.2015 - 06.2015
- Processed and reconciled ETF trade transactions in a timely manner in support of daily valuation and financial reporting.
- Assessed and evaluated trade impacts, trade variances, and amended trade activities on a daily basis to reflect trade performance.
- Tracked trade forecasts and monitored trade performance.
- Communicated with equity advisors, brokers, and custodian banks to resolve trade settlement issues.
Education
Bachelor of Science - Economics
Strayer University
Springfield, PAAssociate of Applied Science - General Arts
Delaware County Community College
Media, PASkills
- Risk assessments and risk management
- Results-Driven
- Data Analysis
- Relationship Building and Retention
- AML (Anti-Money Laundering) compliance
- KYC (Know-your-customer)
Additional Information
- Navy and Marine Corps Achievement Medal (May 2004)
- Department of the Navy Letter of Commendation (March 2005)
Timeline
AVP, AML Transaction Monitoring
BNP Paribas
09.2022 - Current
AML Associate
Barclays Bank
12.2021 - 09.2022
AML Associate
JP Morgan Chase
02.2017 - 12.2021
Money Market Operation Analyst
JP Morgan Chase
10.2016 - 02.2017
Financial Associate
Vanguard Group
01.2015 - 06.2015
Procurement Associate
Vanguard Group
04.2013 - 10.2016
Bachelor of Science - Economics
Strayer University
Associate of Applied Science - General Arts
Delaware County Community College
Similar Profiles
Nadia SwystunNadia Swystun
Senior Private Banker at BNP Paribas - Branch of BNP ParibasSenior Private Banker at BNP Paribas - Branch of BNP Paribas
Abhijit PAbhijit P
Sr. Technical Lead at BNP Paribas ISPLSr. Technical Lead at BNP Paribas ISPL
Tejasvi WareTejasvi Ware
Sr. Business Analyst at BNP Paribas ISPLSr. Business Analyst at BNP Paribas ISPL