Chinedu Iroanya
Hamilton,ON
Summary
Experienced with financial compliance and regulatory procedures, focusing on AML and KYC processes. Utilizes analytical skills to uncover suspicious activities and ensure compliance with regulations. Knowledge of risk assessment and mitigation, with history of effective teamwork and adaptability in dynamic environments.
Overview
10
10
years of professional experience
Work History
Compliance Analyst
Access Bank Plc
05.2018 - 01.2024
- Collaborated with cross-functional teams for the successful implementation of new compliance initiatives.
- Monitored adherence to industry regulations, ensuring timely reporting of any discrepancies or violations.
- Served as a subject matter expert on compliance matters, providing guidance and support to colleagues across various departments.
- Prepared documentation and records for upcoming audits and inspections.
- Conducted comprehensive risk assessments on customer profiles, transaction histories, and payment behaviors to identify potential money laundering risks and proffer requisite mitigation actions.
- Prepared detailed Suspicious Activity Reports (SARs) and regulatory submissions, contributing to robust documentation and adherence to statutory requirements.
- Acted as a liaison with regulatory authorities, building strong relationships to ensure compliance and adherence to anti-money laundering (AML) and anti-terrorism financing regulations.
- Leveraged tools such as Actimize and SAS AML for real-time transaction monitoring and risk assessment, enhancing the bank's fraud detection capabilities.
- Implements anti-terrorism financing policies in line with regulatory standards, ensuring the bank’s compliance and adherence to anti-money laundering (AML) and anti-terrorism financing regulations.
- Established and maintained strong relationships with regulatory authorities, ensuring effective communication and alignment with industry standards.
- Ensured consistency with standards and procedures to prevent regulatory breaches.
Due Diligence Analyst
Diamond Bank Plc
01.2016 - 04.2017
- Identified and researched patterns, trends and anomalies in transactional and customer data to detect and prevent suspicious activity related to money laundering and terrorist financing.
- Performed risk-based analysis and remediation for business and consumer accounts per banking guidelines.
- Evaluated investment opportunities, utilizing extensive knowledge of industry-specific guidelines and best practices.
- Utilized [Software] to complete detailed, multi-paged narratives of investigation findings.
- Researched and verified parties involved in suspicious activities and transactions against various databases such as LexisNexis and World-Check.
- Enhanced due diligence processes by implementing risk assessment methodologies and procedures.
- Demonstrated strong attention to detail by identifying discrepancies in client documentation, minimizing potential risks for the company.
- Reviewed customer and transactional data to assess compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations.
AML/KYC Analyst
Diamond Bank Plc
01.2014 - 12.2015
- Served as a subject matter expert for colleagues, providing training and support on AML/KYC-related issues, fostering an environment of knowledge sharing and collaboration.
- Supported management in the preparation of regulatory reports, demonstrating compliance with applicable laws and regulations.
- Provided guidance to junior team members, helping them grow their expertise in AML/KYC analysis techniques.
- Assisted in the development of training materials for staff members, fostering a culture of compliance throughout the organization.
- Identified potential suspicious activity by performing transaction monitoring and escalating cases for further investigation.
- Proactively identified potential suspicious activities by leveraging transaction monitoring tools such as SAS, Actimize, and World-Check, analyzing patterns, and escalating high-risk cases for in-depth investigation, ensuring compliance with regulatory standards.
- Maintained updated knowledge of relevant regulations and industry best practices to continuously improve AML/KYC processes.
- Performed periodic reviews of existing client files, ensuring continued adherence to AML/KYC requirements.
- Reviewed new prospect KYC documents to meet requirements and determine business model risk.
Education
Bachelor of Science - Cyber Security Analytics
Mohawk College of Applied Arts And Technology
Hamilton, None12-2024
MBA - Business Administration
University of Calabar
Nigeria11-2013
Master of Science - Biochemistry
University Of Nigeria
Nigeria11-2011
Skills
- Compliance Testing
- Sanctions screening
- Bank secrecy act
- AML investigations
- Suspicious activity reports
- Excel proficiency
- Enhanced due diligence
- Financial crime prevention
- Transaction monitoring
- Know your customer procedures
- Microsoft office
- Risk assessments
Languages
English
Timeline
Compliance Analyst
Access Bank Plc
05.2018 - 01.2024
Due Diligence Analyst
Diamond Bank Plc
01.2016 - 04.2017
AML/KYC Analyst
Diamond Bank Plc
01.2014 - 12.2015
Bachelor of Science - Cyber Security Analytics
Mohawk College of Applied Arts And Technology
MBA - Business Administration
University of Calabar
Master of Science - Biochemistry
University Of Nigeria
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