Omoyemi Masaku
Dallas,USA
Summary
Proven AML Analyst with extensive experience at Coinbase Inc, adept in EDD, CDD, and transaction monitoring. Excelled in utilizing Lexis Nexis and Dow Jones for in-depth investigations, demonstrating strong independent thinking and team collaboration. Achieved significant improvements in compliance processes, ensuring rigorous regulatory adherence and enhancing fraud detection capabilities.
Overview
7
7
years of professional experience
Work History
AML/Transaction Monitoring Tier 2
Coinbase Inc
Richardson, TX
03.2024 - 12.2024
- Conduct investigative review and analysis in support of the company’s BSA/AML regulatory compliance policies and program including investigating automated alerts from our transaction monitoring systems, and referrals sourced from law enforcement requests and other company lines of business
- Analyse transaction activity and KYC information and conduct due diligence research in support of investigations as well as interpret evidence from external tools and systems to determine the legitimacy of customer behavior across multiple products
- Document investigations in written narratives
- Decide whether activity warrants escalation for additional review and subsequently recommend whether activity appears suspicious and warrants filing of a suspicious activity report
- Incorporate feedback from the Quality Assurance Team
- Maintain detailed documentation to demonstrate compliance with regulations and internal policies and procedures
- Remain current with industry standards and developments in the areas of KYC, BSA/AML, and OFAC, and apply regulatory requirements and internal policies and procedures to case investigation
- Review data from systems and follow Coinbase procedures to investigate, decide, and document transaction monitoring alerts
AML/Fraud Investigation Analyst
Wex Inc
Portland, Maine
02.2023 - 03.2024
- Analyze sensitive customer and account activity information to confirm that SAR filings are complete and accurate
- Conduct Financial crime investigations and Sanctions reviews
- Limit potential loss exposure by placing holds on accounts and or card status to limit funds availability
- Maintained awareness of AML/KYC and Sanctions Regulatory requirements and developments considering operational risks
- Produce a well-written report detailing and analyzing the potentially suspicious activity for review and, when appropriate, prepare a filing with FinCEN
- Identify possible improvements to the AML/Sanctions framework and communicate findings to the Head of Compliance
- Reviewed and dispositioned transactions flagged for suspicious activity, researching internal & external sources to identify parties involved
- Performed independent research for KYC information when necessary, using findings to help decision work items
- Conduct suspicious activity investigations, currency
- Assisted on alerts escalated for missing information by thoroughly reviewing account documents and transaction feeds, writing RFIs (Requests for Information) to business units when necessary
- Monitor and review the implementation of internal sanctions policy requirements from a quality assurance perspective (e.g
- Name and transaction screening, alert handling, list management, investigations)
- Evaluate transactions and customer relationships for Money laundering activities, identifying red flag issues and escalating within the AML framework for further review and analyze
Quality Control (QC) KYC
Santander Bank
Richardson, TX
06.2022 - 02.2023
- Perform quality control checks on completed KYC cases to ensure compliance with regulatory and internal standards
- Identify and address any deficiencies or errors in documentation or due diligence processes
- Evaluate the risks associated with customer profiles, including high risk jurisdictions or industries
- Ensure escalations are documented and managed appropriately
- Collaborate with internal teams, such as Compliance and Relationship Managers, to resolve discrepancies
- Provide feedback and training to enhance KYC practices across teams
- Create detailed reports on QC findings and share insights with senior management to improve processes
- Monitor and track performance metrics for adherence to SLA standards
- Stay updated on regulatory changes (e.g., AML, FATF standards) and incorporate them into QC frameworks
AML / Financial Crimes & Risk Mgmt. Analyst
Coinbase Inc
Richardson, TX
01.2022 - 06.2022
- Conducting and assisting in project work in BSA/AML or OFAC compliance areas
- Coordinate preparation, review, and timely submission of required reports
- Investigate, evaluate, and report suspicious activity; Analyst alerts and investigate Transactional activities to detect suspicion of money laundering and or Terrorist financing activity; Experience using AML monitoring tools such as Actimize and Mantas
- Provide assistance and guidance to staff on BSA/AML and OFAC compliance matters
- Perform ongoing validations of monitoring strategies to ensure appropriate AML and sanctions governance and assurance
- Support releases, maintenance, and quality assurance for BSA Manager, including testing and troubleshooting
- Serve as a liaison between end users, OSD/IT, and software vendor
- Guide and advise other staff members in the use of all systems
- Assist management to establish and implement RM&C priorities, project deliverables, and road map for effective and efficient utilization of BSA Management
- Conduct a time-sensitive, meticulous investigation and analysis of each instance of potential Anti-Money Laundering activity and suspicious financial activity across multiple jurisdictions and countries, utilizing a wide variety of research and analytical tools
- Build strong relationships with strategic partners across the unit to ensure effective coordination of investigations
AML Analyst
First Guaranty Bank
Louisiana, MO
01.2020 - 11.2021
- Assist in the development of sanctions testing procedures for various business lines
- Manage end-to-end the execution of periodic Quality Assurance testing on various business lines to ensure sanctions screening controls are in place
- Assist in the implementation of sanctions screening controls and oversight of frontline staff in business units
- Responsible for screening against sanctions lists and providing expert judgment regarding match validity
- Ability to apply sanctions knowledge, research, and analysis to operationalize Visa's sanctions compliance program
- Conducts transaction monitoring for fiat and cryptocurrency transactions
- Reviews daily and monthly transaction alerts
- Assists with metric and ad-hoc transaction reviews as needed
- Regularly updates transaction logs for reporting purposes
- Supports the Compliance Manager in responding to regulatory and external requests
- Assist with escalations of Adverse Media, PEPs, and Sanctions screening alerts
- Coordinated with operational risk management counterparts to share best practices methodologies to reduce risk and meet KYC regulatory requirements with High-Risk PEPs, and EDD clients, and mitigating risk with OFAC Sanction Countries
- Undertake ongoing AML monitoring EDD case review, and documentation
- Undertake investigations for B2C line of business for both fiat and crypto products
- Assist and conduct transaction testing, data validation, and ongoing customization of monitoring systems
- Review and contribute to compliance training materials for staff, as needed
- Assist Compliance Manager with ongoing projects and any ad hoc requests
AML Analyst
The Bank of Delmarva
Delaware City, DE
02.2019 - 11.2019
- Identified issues, analyzed information, and provided solutions to problems
- Enhanced regulatory, strategic, and operational performance to keep in alignment with deadlines
- Performed Enhanced Due Diligence on high-risk clients and high-risk products
- Analyze financial statements and claims for fraudulent activity
- Identify, monitor, and investigate suspicious transactions
- Conduct research into the origin and backstory of individuals' transaction history
- Understand and adhere to federal compliance regulations
- Create well-written reports detailing high-risk activity
- Interface regularly with managers and company leaders
AML Compliance Analyst
Commerce Bank Of Arizona
Arizona City, AZ
05.2018 - 11.2018
- Produced effective procedures for performing investigations and deployed monitoring processes to keep teams consistent in all areas
- Resolved problems concerning the overall financial integrity of banking institutions, including loan investment portfolios, capital, and specific or large troubled accounts
- Developed and delivered compliance training to team members and bank staff
- Determine KYC CDD/EDD requirements based on entity category and risk level
- Identify any red flags to escalate to the Compliance team
- Train with different business lines to stay up to date with current AML/KYC policies to flex during high volumes and back up other teams
- Built and retained accurate KYC profiles on the internal KYC system whilst ensuring supporting documentation was obtained in accordance with global and regulatory requirements
- Conducted registration and onboarding for third parties, also opening and onboarding new customers across a variety of structures
- Provide monthly reporting on error type and validity
- Analyzing issues via electronic mail and determining resolution on the issue presented
AML Analyst
First Dakota National Bank
SD
01.2018 - 11.2018
- Quickly learned new skills and applied them to daily tasks, improving efficiency and productivity
- Perform duties in accordance with all applicable standards, policies, and regulatory guidelines to promote a safe working environment
- Conducts transaction monitoring for fiat and cryptocurrency transactions
- Reviews daily and monthly transaction alerts
- Assists with metric and ad-hoc transaction reviews as needed
- Regularly updates transaction logs for reporting purposes
- Assist with maintenance of AML program documentation, including policies, procedures, and reporting recordkeeping
- Conduct onboarding and ongoing customer due diligence
- Conduct, and perform quality control relative to, a variety of investigation types, including suspicious activity, sanctions, and enhanced due diligence
- Prepare and submit internal and external reports and regulatory filings related to the AML program
- Manage daily escalation queues, handling complex or exception cases from business and operations teams
Education
Bachelor of Science - Industrial Relations & Personnel Management
University of Lagos
NigeriaSkills
- EDD
- CDD
- SPDD
- PEP
- Alert Clearing
- Dow Jones
- Transaction Monitoring
- Lexis Nexis
- Investigations skills
- Bank operating environment
- Microsoft Office
- Minerva
- Independent thinking
- Team collaboration
- Client database
- Transactional sanctions screening processes
- KYC analysis
- Transaction monitoring
- Regulatory compliance
- Suspicious activity reporting
- AML investigation
- Fraud detection
- Collaboration skills
- Effective communication
- Attention to detail
Timeline
AML/Transaction Monitoring Tier 2
Coinbase Inc
03.2024 - 12.2024
AML/Fraud Investigation Analyst
Wex Inc
02.2023 - 03.2024
Quality Control (QC) KYC
Santander Bank
06.2022 - 02.2023
AML / Financial Crimes & Risk Mgmt. Analyst
Coinbase Inc
01.2022 - 06.2022
AML Analyst
First Guaranty Bank
01.2020 - 11.2021
AML Analyst
The Bank of Delmarva
02.2019 - 11.2019
AML Compliance Analyst
Commerce Bank Of Arizona
05.2018 - 11.2018
AML Analyst
First Dakota National Bank
01.2018 - 11.2018
Bachelor of Science - Industrial Relations & Personnel Management
University of Lagos
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