Olusegun Okunlola
Mississauga,Canada
Summary
Results-driven Anti-Money Laundering (AML) specialist with expertise in transactions monitoring, customer due diligence, enhanced due diligence, and investigations. CAMS certified, with a history of resolving suspicious activity cases and collaborating effectively with cross-functional teams. Skilled in applying analytical capabilities and attention to detail to strengthen compliance initiatives.
Overview
16
16
years of professional experience
1
1
Certification
Work History
Senior Analyst
AML RightSource
12.2024 - Current
- Conducted Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and Know Your Customer (KYC) reviews for new and existing clients.
- Escalated high-risk clients and complex cases for expedited review and approval, facilitating timely risk mitigation.
- Verified customer identity and ownership structures through detailed Ultimate Beneficial Owner (UBO) identification and validation.
- Reviewed corporate documentation, trust deeds, shareholder registers, and organizational structures to establish beneficial ownership.
- Assessed customer risk profiles and assigned risk ratings based on jurisdiction, industry, products, services, and transactional behavior.
- Performed Adverse Media and sanctions screening using industry-standard compliance tools to identify potential financial crime risks.
- Conducted Politically Exposed Person (PEP) and sanctions check in accordance with regulatory requirements.
- Executed KYC remediation projects by identifying documentation gaps and ensuring compliance with regulatory standards, enhancing overall client risk management.
- Monitored customer transactions to identify unusual or suspicious activity indicative of money laundering or terrorist financing.
- Investigated transaction alerts generated through automated Transaction Monitoring systems.
- Conducted detailed investigations into complex financial activities using internal systems and external data sources.
- Prepared evidence-based investigative summaries and case documentation for management review, supporting informed decision-making.
- Prepared Suspicious Activity Reports (SARs/STRs) and supported regulatory reporting requirements.
- Assisted with regulatory audits, internal audits, and quality assurance reviews by providing complete documentation and subject matter expertise.
Senior AML Administrator
Apex Funds Services (Canada) Ltd
04.2023 - 11.2024
- Conducted Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and Know Your Customer (KYC) reviews for new and existing clients.
- Escalated high-risk clients and complex cases for thorough review and approval, ensuring adherence to regulatory requirements.
- Verified customer identity and ownership structures through detailed Ultimate Beneficial Owner (UBO) identification and validation.
- Performed ongoing monitoring and enhanced due diligence activities for higher-risk clients to mitigate potential financial crime risks.
- Assessed customer risk profiles and assigned risk ratings based on jurisdiction, industry, products, services, and transactional behavior.
- Performed Adverse Media and sanctions screening using industry-standard compliance tools to identify potential financial crime risks.
- Conducted Politically Exposed Person (PEP), Head of International Organizations (HIO) and sanctions check in accordance with regulatory requirements.
- Executed KYC remediation projects by identifying documentation gaps, requesting updated information, and ensuring compliance with regulatory standards.
- Executed KYC remediation projects by identifying documentation gaps and coordinating requests for updated information to ensure compliance with regulatory standards.
- Reviewed and analyzed client files to ensure completeness, accuracy, and adherence to AML policies.
Anti-Money Laundering (AML) Analyst
Union Bank of Nigeria Plc
07.2014 - 01.2022
- Performed oversight of transaction monitoring, alert resolution, case investigation, fraud investigation, Suspicious Activity Report (SAR) preparation, Enhanced Due Diligence (EDD) reviews and other AML / BSA tasks.
- Conducted quality control reviews, providing actionable verbal and written feedback to enhance processes.
- Filed Suspicious Activity Report (SAR) based on reasonable grounds of suspicion within the approved Turnaround Time (TAT).
- Assisted analysts with workflow items and administrative tasks.
- Managed workflow efficiently and timely per Service Level Agreements (SLAs) and Key Performance Indicators (KPIs).
- Managed workflow in alignment with Service Level Agreements (SLAs) and Key Performance Indicators (KPIs) to meet operational standards.
- Independently assisted analysts with workflow items and administrative tasks as they arise.
- Researched and identified Politically Exposed Persons (PEPs), Financially Exposed Persons (FEPs), sanctioned entities and conducting investigations to clear or escalate cases, documenting the investigation process and following up with the final decision using appropriate tools.
Know Your Customer (KYC) Analyst
Access Bank of Nigeria Plc
07.2010 - 06.2014
- Performed comprehensive Customers' Due Diligence (CDD) and Enhanced Due Diligence (EDD) checks for corporate customers, including the KYC process, identification and analysis of complex ownership structures, financial statements and transaction patterns.
- Performed Customers' Due Diligence (CDD) and Enhanced Due Diligence (EDD) analysis across all types of legal entities and business sectors in a variety of jurisdictions with an emphasis on local clients.
- Obtained and reviewed appropriate documentation and reference data and ensured regulatory aspects of AML and KYC were completed before onboarding.
- Performed Customers' Due Diligence (CDD) and Enhanced Due Diligence (EDD) analysis across all types of legal entities and business sectors in a variety of jurisdictions with an emphasis on local clients.
- Reviewed new accounts for completeness of KYC data, resolved OFAC screening and Identity Verification alerts, and assessed Business Profiles for Ultimate Beneficial Ownership (UBO).
- Conducted thorough review and analysis of regulatory documentation and other related information to ensure appropriate Customer Due Diligence on individual and corporate customers per the bank’s policy and applicable regulations.
- Obtained and reviewed appropriate documentation and reference data and ensured regulatory aspects of AML and KYC were completed before onboarding.
Education
M.Sc. - Banking and Finance
Joseph Sarwuan Tarka University
Makurdi, Nigeria01-2018
Diploma - Business Management
Humber College
Toronto, Ontario01-2023
B.Sc. - Business Administration
Ambrose Ali University
Ekpoma, Nigeria01-2007
Skills
- KYC remediation
- Financial Crime Investigation
- Risk Rating and Assessment
- Regulatory Compliance
- Technical Proficiencies
- Analytical and Critical Thinking
- Effective Communication
Certification
- Certified Anti-Money Laundering Specialist (CAMS).
- 2020
Languages
English
Full Professional
Timeline
Senior Analyst
AML RightSource
12.2024 - Current
Senior AML Administrator
Apex Funds Services (Canada) Ltd
04.2023 - 11.2024
Anti-Money Laundering (AML) Analyst
Union Bank of Nigeria Plc
07.2014 - 01.2022
Know Your Customer (KYC) Analyst
Access Bank of Nigeria Plc
07.2010 - 06.2014
B.Sc. - Business Administration
Ambrose Ali University
M.Sc. - Banking and Finance
Joseph Sarwuan Tarka University
Diploma - Business Management
Humber College