Gbubemi obioru
Financial Crime Compliance
Dartford,England
Summary
Performance-driven financial crime compliance professional with 10 years of experience aligning systems with business requirements, policies and regulatory requirements. A proven track in delivering maximum results in financial crime transaction monitoring risk assessment, residual risk treatment, compliance monitoring, sanctions, control risk, financial crime investigation, AML/CDD and transaction monitoring design project. Culturally-sensitive and ethical professional with demonstrated success in developing and implementing optimized solutions. Passionate about applying excellent organization and communication skills to manage and lead teams. Results-oriented individual well-versed in interfacing and consulting on business processes to drive results based on sound overall business judgment.
Overview
10
10
years of professional experience
1
1
Certification
Work History
AVP Global Surveillance Transaction Monitoring
Barclays PLC
London
09.2022 - 03.2023
- Performing Global Financial Crime Transaction Monitoring risk assessment by identifying risk scenarios from internal and external sources relevant to business area
- Supporting the mapping of Financial Crime Transaction Monitoring risk scenarios against applicable product families
- Assessing the inherent risk rating for each risk scenario based on impact and likelihood of the risk crystalising
- Planning, preparation and undertaking Financial Crime Risk Assessment Residual risk management/treatment, remediation or acceptance of identified risks
- Engaging with the global business unit heads/stakeholders to understand and determine the identified risk scenarios and how to mitigate, accept or uplift them
- Supporting and collaborating with the Global Surveillance team in promoting effective risk, governance and control coverage across all business units.
- Communicated regularly with executive team members to deliver pertinent details related to progress status and direction for projects.
- Identified problems and implemented solutions to better streamline operations.
- Delivered strategic input into business decisions and deals.
AML Transaction Monitoring Oversight Manager
Close Brothers Asset Management
London
04.2022 - 08.2022
- Working alongside the senior project managers, Business Analysts and DMLRO to lead and advice on the implementation of a completely new transaction monitoring process
- Acting as the business lead and oversight of the implementation process from the definition of AML typologies to the refinement of thresholds and management of false positives
- Design and maintenance of a comprehensive written transaction monitoring framework (standards and policies)
- Reviewing and advising on PEP, Special Interest and sanctions screening alert escalations
- Managing and providing the business with guidance in the completion of complex sanctions investigation
- Leveraged leadership skills to identify deficiencies and opportunities to improve policies, procedures and controls.
Senior Associate and PEP/Sanctions
Fidelity Investment
Kent
10.2018 - 04.2022
- SME: Financial Crime)
- Ownership and management of the PEP, Sanctions, Special Interest client and Transaction Monitoring screening team resources, SLA delivery, and prioritise and delegate tasks, accordingly, ensure the KPI is achieved in accordance with AML PEP Dashboard
- Performing an oversight function and Subject Matter Expect on, Sanctions, Fraud, PEP CDD and policies to ensure compliance with Financial Crime regulatory and policy requirements
- Investigate and analyze transaction monitoring alerts to determine whether grounds for suspicion of money laundering or terrorist financing exist
- Providing training and advice on PEP due diligence and sanctions screening to ensure compliance with Financial Crime regulatory and policy requirements
- Providing advice and guidance on PEPs and Sanctions queries referred by the various business lines
- Investigating and resolving referrals of sanctions, PEPs and Law enforcement screening alerts, reviewing and assessing the risk and proposing remediation actions
- Screening and reviewing of new clients against the OFAC's designated nationals and blocked persons list and HMT consolidated list
- Undertaking Sanction due diligence and sanction risk assessment on potential name match for consent by the MLRO
- Carrying out compliance monitoring in compliance with the compliance monitoring framework on all alert cases reviewed by the offshore team
- Conducting compliance monitoring on enhance due diligence reviews of Politically Exposed Person
- Managing the UK PEP register and producing daily/weekly/monthly management information to senior management/stakeholders
- Reviewing and writing of processes and procedures in line with regulatory and internal policy changes
- Undertaking high quality assurance and compliance monitoring on policies, procedures and systems in relation to Financial Crime Controls for consistency with regulatory requirements
- Reviewing internal reporting procedures with 2nd line for the reporting of Suspected Money Laundering and all other red flags.
- Supporting the business in carrying out Internal Compliance Audit
- Working with the FCC team to collate, reconcile monthly MLRO and annual FCA REP-CRIM reports.
- Researched issues and made quick decisions to achieve efficient and effective resolutions.
Regulatory Compliance Analyst
Royal Bank of Scotland
Crawley
06.2017 - 09.2018
- Responsible for managing the Transaction Monitoring process and ensuring that all AML alerts and backlog are reviewed promptly and effectively in line with agreed guidelines and procedures
- Support projects to enhance screening controls such as the implementation of any new screening products or new procedures
- Undertaking detailed investigation into financial transactions relating to sanction links, high risk and EU blacklisted countries to identify risks, trends and potential suspicious activity
- Investigate and analyse transaction monitoring alerts to determine whether grounds for suspicion of money laundering or terrorist financing exist
- Drafting of Suspicious Activity Reports (SARs) to the Money Laundering Reporting Officer and responding to request from Law enforcement
- Undertaking Transaction Monitoring Risk Assessment to identify gaps in the controls and processes and recommending areas of improvement
- Carrying out Initial and periodic Sanction's screening on third party, Beneficial owner and indirect clients
- Reviewing adverse media alerts and carrying out analysis on PEP and Sanctions hits
- Conducting in-depth investigation into client operations that pose a heightened financial crime and AML risk
- Supporting senior management in investigating financial crime and analysing the root cause of suspicious transaction
- Production of control and trend reports as well as weekly production of MI reports to senior management
- Acting as subject matter expert in transaction monitoring by providing training and weekly update to senior management
- Investigating alerts escalated from various parts of the business and providing findings and recommendation for further action.
- Verified documentation against compliance standards and communicated deficiencies to resolve issues.
AML High Risk Periodic Review Analyst
Royal Bank of Scotland, AML
Crawley
07.2015 - 06.2017
- Worked within the Financial Crime Team and undertaking AML On-boarding activities and Customer Due Diligence
- Providing guidance and support to the front office staff on KYC requirement for new client take on
- Reviewing and analysing credit application and proposals provided by the Relationship Managers
- Conducting Event Driven Review and assessing the AML risk of clients to bring the AML information up to date
- Gathering, analysing and investigating KYC and AML documents to meet both internal and external policies
- Undertaking quality review of client KYC files and completing Customer Due Diligence
- Assisting with Quality Control review and providing feedback on findings
- Carrying out transaction analysis and undertaking Customer Risk Assessment.
- Monitored and maintained compliance with internal controls and government regulations.
Client Service Officer/On boarding
HSBC Bank Plc
London
09.2013 - 06.2015
- Opening and maintenance of accounts for high-net-worth client base and undertaking due diligence on AML documentation in compliant with legal and regulatory requirements
- Performing quality control review of KYC records for new clients against a set of policies and standards to ensure regulatory compliance
- Liaising with the Fraud and sanction team to provide supporting documentation and information on High Risk and SCC for case investigation
- Reviewing customer accounts for unusual activity and filing unusual activity report
- Undertaking investigation on fraudulent account activities by interviewing parties involved and gathering of documents and liaising with CIFAS as well as the internal fraud team.
- Followed up on client leads, managed client applications and onboarded new clients.
- Streamlined account application processes to improve operational productivity and offer quality service.
- Assisted in risk assessment and mitigation activities and promptly resolved service issues.
Cashier
Small World Financial Service
London
11.2010 - 10.2011
- Contact Centre)
- Processing SWIFT and CHAPS payment using the EPS system
- Dealing with queries relating to payment transfers and reconciliation
- Dealt with calls relating to complex account queries and liaising with specialist staff where appropriate.
Operation Trainee
Fidelity Bank Plc
06.2006 - 09.2006
- Processing cheques, payment, and bulky cash from business account customers
- Providing customers with personal financial advice and lending services to take advantage of opportunities to sell deposit or lending products
- Developing and maintaining relationships with customers to maximize sales opportunities and achieve sales targets.
Education
ICA: ICT Advance AML/CFT -
01.2015
MBA - Finance
University of Gloucestershire
01.2012
International Finance
Kingston University
01.2011
BSc - Banking and Finance
Covenant University
01.2008
Skills
- Technical/Key Skills
- Excel, World Check one, SAP-Business Objects Info View, Market IQ, and LexisNexis Bridger, Dow Jones, Finscan, Microsoft Fundsphare Compliance and Equifax
- Knowledge of international trade sanctions legislation including UK, EU, UN and US sanctions, MLR 2017, MLR 2019, MAR, JMLSG, POCA 2002, Bribery Act 2010 and FATF Recommendations
- Drafting and auditing of policies and procedures
- Strong investigative instinct and analytical mind set
- Good understanding of risk and control framework
- Good eye for details with strong risk and control mindset
- Strong organisational and time management skills with ability to prioritise workload
- Problem management skills and the ability to make sound decisions
- Strategic Planning
- Proposal Writing
- Process Improvement
- Operations Oversight
- Transaction monitoring
- Compliance Monitoring
- Surveillance monitoring
- Global Regulatory Compliance
- Compliance controls
- Operations monitoring
- Data analysis and modeling
Accomplishments
- Implemented Financial Crime Transaction Monitoring Residual Risk treatment methodology for the global business.
- Planned and implemented a Risk Assessment Phasing plan.
- Designed an Automated AML Transaction Monitoring process.
- Implemented and designed PEP CDD questionnaire for the UK and offshore investment business.
- Implemented AML screening process for the UK/offshore AML operations team.
- Implemented an enhanced PEP process for the UK/offshore AML Operations team.
- Remediation of assurance reports using SAP-info View.
- Managed and mitigated a major risk identified in the transaction monitoring function.
- Successfully executed remediation project within time frame.
- Successfully executed financial crime investigation projects.
Certification
- ICA: Advance AML/CFT 2015
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
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