Shade Komolafe

I am a member of the Association of Chartered Accountants (ACA), and the Association of Certified Examiner (ACFE); with Certified Anti Money laundering Specialist (CAMS) certification in view. A graduate of a Bachelor of Science degree in Accounting from Ogun State University and a Master in Business Administration (MBA), from Imo State University, Owerri, Imo State respectively. I’m also an ISO Quality Management Auditor.

I have good experience in Transaction monitoring and analysis, reporting, /control/compliance, and financial crime investigation. I have 5+ years’ of experience across government administration, Non- governmental Organizations, and Financial Institutions. I participated in routine and investigative KYC/CDD/EDD, Online transaction/payment monitoring, verification of client transactions and compliance with regulatory standards, sanction screening and unusual transaction reports.

I just completed a six-month contract remote employment with C&G Professional Services, Toronto Ontario as a KYC /Monitoring Analyst. I had an opportunity to work on different projects for world-class companies like World Remit, Remit B, and Afric Change which are all into online money remittance across the globe. Thereby looking for another similar opportunity that would enable me to learn, and develop more interest in Money Services Businesses (MSBs).

Through this experience, I have developed a strong professional work ethic with good leadership and communication skills for sharing information in a clear, logical and accurate fashion as my responsibilities include preparation of reports for Management’s use and decision-making, Protecting the interest of clients, self-motivated while working with minimal supervision, a sound and strong interpersonal skills as I work with other team members. I am dedicated to work, adaptive to change, work with so much enthusiasm and maintain a high level of personal integrity, commitment to confidentiality and privacy principles, high standards of accuracy and the ability to work under pressure with the ability to meet deadlines while working in achieving best organization’s goals and objectives.

In-depth knowledge of Capital Markets, Taxation, Global and Canadian KYC/AML regulations including IIROC, OSFI, IRS, and FINTRAC. I have skills in Ms Application programs; Advance Excel, Ms Word, PowerPoint, Quick Book, Pivot Tables, Vlookups, SQL, EPR, FINTRAC / FAFT, GDRP, and PIPEDA. These skills were acquired through working as a KYC/monitoring analyst and compliance officer, and volunteering work for Anti Money Laundering Specialist Counter-Terrorism Financing.

I am willing and ready to learn new ideas and strive to protect the reputational image of OFX at all costs while ensuring that both the financial and commercial objectives are achieved. I would appreciate an opportunity to discuss my application with you. I am available for an interview at your convenience.

Sincerely,

SHADE KOMOLAFE (CFE, CA)

PROFESSIONAL WORK EXPERIENCE 

AML & Compliance Analyst April 2022 - Present

C & G Professional Service Inc. Toronto ON:

• Ongoing reviews and remediation of KYC/ Customer Data of clientele files. This program is covering Data Entry, Enhanced Customer Due Diligence Procedures, Name Screening, PEP Screening, Risk Rating, and schedule review, remediating deficiencies from low to High-Risk Customers, and developing a Centre of Excellence (COE), Money Service Business MSBs Transactions.
• Conduct research via multiple media and evidencing of customer information and documentation of such information in accordance with the bank’s documented processes and procedures.
• Validate all aspects of Client Identification Program (CIP) and necessary account opening documents in accordance with Know Your Customer (KYC) Canadian regulatory requirement 
• Perform risk rating for individual/non-individual accounts to highlight high risk jurisdictions, cash intensive businesses and Politically Exposed Persons (PEPs) or Relatives or Close Associates (RCAs)
• Complete extensive due diligence investigation using public and private databases in accordance with Anti-money laundering (AML) and other regulatory standards to assist business units operational and reputational risks 
• Conduct KYC due diligence checks on consultants, vendors, contractors and identifying Standard/High/Medium risk Customers
• Perform Enhanced Due Diligence research in attempts to find derogatory backgrounds information used to aid clients’ advisors’ decisions in initiating maintaining or closing business relationships
• Collaborate and communicating daily with Team lead/ Senior Manager, Internal /External departments, Stakeholders for smooth operations of Know Your Customers norms and implement improved controls
• Assess issues of non-compliance, provide recommendations, investigate compliance/non-compliance with AML laws, regulations, guidelines, written procedures; OFAC, CIP, FINTRAC, KYC customer/transaction Monitoring
• Determine and implement additional steps, validating KYC risk compliance based on research of customer records, verification of account purpose and legitimacy, analysis of transaction activity
• Perform clients’ onboarding and/or periodic refresh activities by researching, maintaining reference databases and with completed records and information.

AML Analyst November 2016 – February 2022

Sterling Bank Plc, Lagos Nigeria

• Reviewed and remediation of KYC/ Customer Data of clientele of Sterling Bank Plc, involving over 5,000 customer’s files. This program covered enhanced Customer Due Diligence Procedures, remediating deficiencies from low to High-Risk Customers, Participated in several initiatives around policies and processes development, transaction monitoring, investigations, and suspicious activities/transactions referrals.
• Performed AML/KYC documentations as well as performing KYC remediation according to regulatory and Financial Institution’s requirement
• Performed assessment of customer’s risk level by investigating standard, medium and high-Risk KYC files using bank CDD and/ EDD enterprise guidelines
• Partnered with relevant teams to ensure that (high- risk clients) assessments are appropriately coordinated, routed, and escalated where relevant, using a risk-based approach
• Responsible for the oversight of timely, accurate, and complete files across the Team, including the consistent and standard use of the case management tool (Actimize)
• Conducted investigations with respect to Client Screening and researched the existing / prospective clients, using approved tools (Accurint, Lexis Nexis) to identify any negative media and High-Risk PEP’s
• Assessed the risk involved in conducting business with the client by ensuring correct due diligence is performed and raising the necessary flags when required and escalating the same to the Line of Business heads as necessary
• Maintained AML/ATF client risk rating models for the USAA Bank's AML/ATF client
• Solely responsible reviewing High-Risk clients, PEP and sanctions-related relationships with supporting documentary evidence.

AML Internal Auditor January 2012 – October 2016

Corporate Affairs Commission 

• Established, implemented and maintained an audit plan to examine and evaluate the adequacy and effectiveness of the AML/CFT Standards and Program. 
• Planned and executed comprehensive audit program to evaluate AML Software and submit all findings and recommendations to business unit management for proper decision making.

• Reviewed customer’s account activity escalated from the front line to assess elevated risk using AML /CFT investigative systems to identify, analyze, and report suspicious transactions to effectively mitigate risk and address all relevant trigger events.
• Reviewed the validation and turning processes to ensure that an appropriate methodology and approach are executed in accordance with requirements and adequately followed up on open audit queries and closed out.
• Reviewed processes ( e.g, ongoing data integrity and reconciliation checks, change management, security, backup and recovery) and configurable controls (e.g system overrides,workflow)
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COMPETENCIES

• Passion for customer service
• Driven to improve efficiency and controls
• Excellent interpersonal and communication skills
• Accurate and detail oriented with an analytical mind and the ability to detect, articulate, and effectively escalate and resolve issues
• Strong computer, data analytics, and process re-engineering skills

EDUCATION

• MBA (Upper Division) – Imo State University
• B.Sc. Accounting (2nd Class Upper Division) – Ogun State University 

(Both credentials were evaluated by World Education Service)

CERTIFICATE

• Advance Certified Money Laundering Specialist (ACAMS) In progress
• Certified Fraud Examiner (CFE) 2022
• Chartered Accountant (CA) 2017
• Quality Management System Lead Auditor (NIS: ISO 9001:2015) 2016