Jamal Akinlabi
Toronto,ON
Summary
Experienced Compliance Analyst with over 8 years in regulatory compliance, due diligence, and AML/KYC processes. Proven ability to develop and implement effective policies, conduct comprehensive audits, and enhance compliance frameworks. Skilled in risk assessments, vendor evaluations, and establishing strong regulatory relationships. Adept at improving AML/KYC systems through advanced analytics and training junior team members. Known for proactive compliance management and successful resolution of complex investigations.
Overview
9
9
years of professional experience
1
1
Certification
Work History
Compliance Analyst
XPATHEDGE
Texas, United State Of America
05.2022 - Current
- Enhanced regulatory compliance by developing and implementing comprehensive policies and procedures
- Develop and implement anti-terrorism financing policies and procedures in compliance with local and international regulations.
- Collected and documented data including SAR history, KYC information and Transaction data
- Reviewed information and documentation provided by clients during onboarding, ongoing reviews and via basic amendments
- Tasked with implementing a compliance testing framework collaborating with stakeholders to define testing criteria and develop testing protocols
- Assist with statutory reporting requirements, within requisite timelines
- Prepared high-risk reviews with results and recommendations for customer onboarding, closure, and retention
- Conduct in-depth analysis of customer profiles, payment patterns, and transaction histories to identify red flags.
- Evaluated third-party vendors for adherence to established ethical guidelines, reducing exposure to reputational risk or legal liability arising from non-compliance incidents involving external partners
- Established strong working relationships with regulators, fostering a positive image for the company within industry
- Ensured consistency with standards and procedures to prevent regulatory breaches.
AML Due Diligence Analyst
Rakbank
United Arab Emirates
01.2018 - 12.2021
- Conduct Enhanced due diligence (EDD) processes by implementing risk assessment methodologies and procedures
- Maintained up-to-date knowledge of relevant regulations, contributing to proactive approach to compliance management
- Increased accuracy in risk assessments through diligent verification of client-provided information against third-party sources
- Assisted in development of training materials to educate staff on due diligence procedures and requirements
- Supported senior analysts in high-level decision-making by providing detailed reports on client background checks and assessments
- Identified potential risks and red flags through meticulous analysis of financial statements, business activities, and market trends
- Communicated with various business units to obtain necessary information for investigations
- Conducted thorough research on clients for improved compliance with anti-money laundering regulations
- Prevented potential losses by identifying inconsistencies in client information during the due diligence process
- Used transactional and customer records, external data and publicly available information to identify suspicious or unusual activity.
- Improved overall efficiency by automating routine tasks and incorporating technology into daily operations.
- Evaluated investment opportunities, utilizing extensive knowledge of industry-specific guidelines and best practices.
- 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.
- Identified potential risks and red flags through meticulous analysis of financial statements, business activities, and market trends.
AML/KYC Analyst
Airtel Networks
Nigeria
02.2016 - 12.2018
- Conducted a thorough analysis of transaction patterns, implemented advanced analytics, and updated monitoring rules thereby improving detection rate of suspicious transactions and reducing false positives
- Prepare and file Suspicious Activity Reports (SARs), Currency Transaction Reports (CTRs), and other necessary documentation to regulatory bodies
- Contributed to continuous improvement of AML/KYC systems by providing feedback on system enhancements and upgrades
- Maintained updated knowledge of relevant regulations and industry best practices to continuously improve AML/KYC processes
- Communicate with compliance fraud investigation to thwart potential money laundering or terrorist financing Identified threats, vulnerabilities, and suspicious behavior patterns to recommend mitigation measures
- Reduced false positive alerts by refining transaction monitoring rules based on historical data patterns
- Served as subject matter expert for colleagues, providing training and support on AML/KYC-related issues, fostering environment of knowledge sharing and collaboration
- Enhanced AML/KYC compliance by conducting thorough customer due diligence and risk assessments.
- Actively participated in industry forums to stay current on emerging trends related to financial crime prevention efforts.
- Supported management in the preparation of regulatory reports, demonstrating compliance with applicable laws and regulations.
- Streamlined onboarding processes for new clients, reducing turnaround time and improving client satisfaction.
- Collaborated with global teams to ensure consistent application of AML/KYC standards across all business units.
Education
Mohawk College of Applied Arts And Technology
Hamilton, ONBachelor of Science - Accounting And Finance
Bowen University
11.2010
Skills
- Compliance Testing
- Compliance Monitoring
- AML/ATF Investigation
- Internal Controls
- Third-Party Risk Assessment
- Regulatory Reporting
- Regulatory understanding
- Due diligence
- MS Office Proficient
- Risk Assessment
- Fraud Detection
- Financial Data Protection
- Policy Enforcement
- Access Control Management
Languages
English
Full Professional
Arabic
Elementary
Hindi
Elementary
Certification
Microsoft Azure Fundamentals - AZ900
Advance Maltegos
Timeline
Compliance Analyst
XPATHEDGE
05.2022 - Current
AML Due Diligence Analyst
Rakbank
01.2018 - 12.2021
AML/KYC Analyst
Airtel Networks
02.2016 - 12.2018
Mohawk College of Applied Arts And Technology
Bachelor of Science - Accounting And Finance
Bowen University