Bolaji Solomon Morakinyo
Atlanta,GA
Summary
An accomplished Compliance officer with a 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 clients 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
7
7
years of professional experience
Work History
KYC Compliance Analyst
USAA
Atlanta, GA
03.2020 - 12.2020
- 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).
- 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 Analyst
Sun Trust
Atlanta, GA
03.2019 - 11.2019
- 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 re: AML/KYC in order 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.
AML /Enterprise Risk Testing (ERT)
Barclays Bank
London
08.2016 - 12.2018
- Ensured all required AML/KYC/OFAC/BSA regulatory compliance requirements are met.
- And evidence recorded and filed as required by the regulatory procedures and standards.
- Identified accounts for high risk or negative information using World-Check and OFAC.
- Ensuring that the business is compliant with all Bank policies and local legal.
- Requirements in the EMEA region by quality checking conducted simplified.
- And enhanced Due Diligence on personal and corporate entities including.
- Funds, Trusts Partnerships, PEPS,SPV, etc.
- Determined whether the activity seemed legitimate or not by applying various AML regulations including the USA PATRIOT ACT, the Bank Secrecy Act and OFAC.
- Reviewing completed documentation when received back from the client and if appropriate sign off documentation in compliance with local AML regulations.
- Liaised with clients, front office, credit, legal, technology and operations as part of the KYC process providing guidance, advice and training to other teams with the business on an ad-hoc basis.
- Making sure that regulatory guidance is provided for financial service firms that offer securities products.
- Drive Enterprise Risk Testing activities related to Consumer and Wholesale Banking by evaluating completed AML/OFAC and KYC profiles to ensure they meet regulatory requirements, policies and procedures, and general controls.
- Reviews Risk Assessment Forms, Enterprise Document Search (SEDs), Channel Link Platform (CLP), Actimize, Wealth cape, SEI and Sales force to confirm the proper client documentation exists and work with the Line of Business (LOB) to support remediation efforts.
- Conduct Quality Control assessments of risk and control documentation on a quarterly, semi- annually or annual basis to ensure LOB meets corporate standards that specifically relate to internal operating controls.
- Works with the Wholesale AML Compliance Officer to recommend updates to the LOB policies and procedures as part of regulatory control improvement opportunities.
- Lead compliance testing projects, including but not limited to, Fair Credit Reporting Act (FCRA) and Regulation U by developing project plans and scope of work, as well as verifying deliverables with stakeholders.
- Conduct Quality Control tests of CIP, KYC, CDD, and EDD of the bank’s clients and interpret results to present findings to Lines of Business (LOB) for remediation.
KYC/AML On-Boarding Senior Analyst
ROYAL BANK OF SCOTLAND
London
09.2014 - 07.2016
- 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 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 in order 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.
- 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
04/2014 - 06/2014 Lloyds Bank
London
04.2014 - 06.2014
- 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
Certificate -
Anti Money Laundering And Financial Crime
2019
Master of Science in Professional Leadership (MSC -
University of Plymouth
United Kingdom 05.2017
Certified Human Resources Management -
Chartered Institute of Personnel Development
United Kingdom 01.2015
Bachelor of Science in Human Resource& Information -
University of Plymouth
United Kingdom 05.2013
Skills
- AML/KYC
- (EDD,CDD,SPDD)
- Analysis Skills
- Investigation and Detection
- Correspondent Banking
- Quality Assurance
- SAR Writhing
- Sanction
- Negative News
- Documentation Review
- Negative News
- Alert Review
- FCA, BSA, OFAC Regulations
- Transaction Monitoring,
- Enhanced Due Diligence
- Quality Assurance
- Due Diligence
- PEPS Detection
- Pivot Table
Timeline
KYC Compliance Analyst
USAA
03.2020 - 12.2020
Client Onboarding Analyst
Sun Trust
03.2019 - 11.2019
AML /Enterprise Risk Testing (ERT)
Barclays Bank
08.2016 - 12.2018
KYC/AML On-Boarding Senior Analyst
ROYAL BANK OF SCOTLAND
09.2014 - 07.2016
KYC/CDD Analyst
04/2014 - 06/2014 Lloyds Bank
04.2014 - 06.2014
Certificate -
Anti Money Laundering And Financial Crime
Master of Science in Professional Leadership (MSC -
University of Plymouth
Certified Human Resources Management -
Chartered Institute of Personnel Development
Bachelor of Science in Human Resource& Information -
University of Plymouth
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