Olu Akinola

Detail-oriented AML Compliance Analyst skilled in KYC, Fraud investigations, state laws, workflow optimization, and quality control. Proficient in Microsoft Excel for data analysis, performing administrative tasks, and supervising compliance processes. Adept at working independently and fostering collaboration to ensure regulatory adherence and mitigate financial risks.

AML Analyst (BCC- Onboarding and Signing Authority) - CIBC Bank - Toronto, ON

(2022-02)

• Investigate and assess the risk inherent in corporate entity structures by the Bank's anti-money laundering risk assessment tools, including but not limited to UTRs.
• Understanding the basic corporate entity structures that have registered as Corporation, Limited, or Incorporated
• Working knowledge of the practices, products, services, procedures and principles relating to Retail Markets/Commercial Banking to sufficiently provide advise and interpret policies
• Prepared detailed AML case documentation and collaborated cross-functionally to ensure regulatory compliance—skills aligned with fraud case file management and team collaboration.
• Understanding and working knowledge of basic corporate entity structures that have registered as Corporation, Limited, or Incorporated.
• Conducted KYC and compliance checks for over 60 commercial banking client accounts monthly, ensuring adherence to state laws and AML regulations with a 98% accuracy rate.
• Knowledge of the practices, products, services, procedures and principles relating to Retail Markets/Commercial Banking to sufficiently provide advise and interpret policies
• Conducted end-to-end investigations on suspicious activity to mitigate risk exposure—experience directly transferable to fraud investigation responsibilities
• Reduces the backlogs of AML review files by over 50% within 60-days of taking over the portfolio.
• Always vetting and reviewing - signing authority documentations, ensuring proper execution and uploading the data on the master reports.
• Built strong relationships with regulatory bodies and internal departments to ensure compliance, communication, and resolution of AML alerts—equally valuable in fraud stakeholder engagement.
• Working knowledge of Siebel, Client Connects, ECIF, ECM, COINS, Global Operations Workbench (GOW), MIF and E-signer relative to the subject/functional areas would be an asset
• Ability to communicate clearly and concisely, both verbally and in writing, to successfully convey concise information on policies and procedures

Analyst - D Kapetown Consulting - Mississauga, ON

(2021-04 - 2022-01)

• Maintained proper records and audit trail of investigation activity and disposition actions for all alerts.
• Reviewed all customer's activities alerts for the assigned business unit, investigated, and reported any violations of compliance or regulatory standards to the authorized officer or regulator.
• Contributed to the overall success of the Global Financial Intelligence Unit by ensuring specific individual goals, plans, initiatives were executed / delivered in support of the team's business strategies and objectives.
• Ensured all activities conducted followed governing regulations, internal policies, and procedures.
• Investigate and assess the risk of alerts identified by the Bank's anti-money laundering risk assessment tools, including but not limited to UTRs.
• Prepared case reports or risk assessment worksheets for AML/ATF Operations management review describing the suspected AML typology, the scope of the investigation, risk assessment, and recommended remediation actions.
• Actively pursued effective and efficient operations and ensured the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk

Account officer – Collections & Settlements (Retail & Comm Portfolio) - National Credit Recovery Inc (NCRI) - Mississauga, Ontario

(2019-08 - 2021-04)

• Loan Monitoring and ensuring delinquent loans are recovered within timelines – Either Purchased or Direct collections
• Always undertaking trace actions to locate debtors using different search engines.
• Assist in portfolio risk analysis and account recons to Managers
• Do spread successfully and analyzing business financial statements and/or tax returns and a clear-cut understanding of cash flow reports, financial ratios, trends, etc.
• Restructuring Loans and outstanding balances through Loan company’s and putting in place repayment options for debtors.
• Monitoring accounts daily & identifying outstanding account receivables with over 100+ outbound calls while over 50+ inbound calls daily
• Investigating historical data for debts and bills that are delinquent or already report with the credit bureau.
• Take actions directly or indirectly in order to encourage timely payments, Process payments – EPADS, debit authorization and refunds-if any.
• Performed administrative tasks, including documentation and audit preparation, resulting in a 20% improvement in audit readiness scores.
• Making payments preposition/settlements to Management for real and genuine clients with large balances that are willing to pay.
• Working with ANZO and ACE collection applications and can adapt to any application quickly

Business consultant (Business/Commercial Banking) - Standard Bank Group - Lagos, Nigeria

(2014-11 - 2016-12)

• Skilled in Business Process Management, Business Planning, Strategic Analysis, project Methodologies, Market Research, Cost Analysis and an excellent communicator.
• Able to successfully collect data from credit cards, personal loans, VAF, sales, marketing, and finance departments to use in establishing organizational structure.
• Using departmental data to create insights, which assisted in getting to the root-cause of process failures and resulted to over 18% on cost savings, time management and team optimization.
• Developed and improved AML monitoring procedures and investigative workflows in alignment with regulatory standards, which can translate directly to creating fraud prevention protocols
• Adopted project management methodologies in the delivery of process improvement strategies across different business units by identifying inefficiencies, proposing solutions and working with stakeholders to execute propositions that translate to operational efficiency and cost savings
• Collaborate with the automation and implementation of Project 360 CRM platform – phase 1 – that increased customer contact and retention by 78%
• Involved in the test and deployment of the 1st NPS scorecard that increased the Banks' loyalty by 25%
• Working with the Data Project team during the Core Banking Project to help with new data structure with regards to the core banking application, data clean-up, and data governance.
• Project Led for the Address verification status notifications pilot scheme and facilitated the train the trainer workshop.

Credit Risk Analyst - Standard Bank Group - Lagos, Nigeria

(2012-05 - 2014-11)

• Analyzed and evaluated the financial condition of a portfolio of clients to identify potential credit risk.
• Conducted periodic reviews of existing client relationships, including conducting interviews with key personnel as needed
• Developed detailed reports on current and prospective clients for senior management review and approval
• Prepared monthly cash flow analysis for all accounts exceeding $50K in value
• Reviewed account documentation, including contracts, invoices, purchase orders and other supporting documents as needed
• Provide trend analysis of AML/ATF findings and gaps to Management for review
• Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite
• Manage ambiguity and apply judgement to identify, troubleshoot and resolve ongoing business and operational issues

Advance Diploma - Cybersecurity - Intech Institute (2024)

MSc.

• Applied Statistics and Analytics - Central Michigan University (2019)

MBA - Financial and Enterprise Management - Lagos State University (2015)

Subject Diploma - Project Management (PM) - Institute of Commercial Management (2016)

HND - Statistics - Yaba College of Technology (2009)