Elizabeth Fajuke

Dynamic Financial Crime Compliance Lead with over three years of experience in Anti Money Laundering (AML) and financial crime risk management. Expert in supervising teams, conducting risk assessments, and ensuring regulatory compliance. Successfully implemented effective risk mitigation strategies and produced insightful management information for executive stakeholders.

Committed to enhancing AML processes through training and collaboration with key stakeholders. Eager to leverage expertise to contribute to an innovative firm in the financial services sector.

Financial Crime Compliance - Lead - ABC Bank - London

(2021-02)

• Supervise a team of AML analysts conducting in-depth reviews of transactions for money laundering, sanctions, and fraud risks.
• Ensure compliance with AML/CFT laws, FATF recommendations, Wolfsberg guidance, and international trade regulations.
• Conduct comprehensive risk assessments of transactions to identify potential financial crime risks and implement effective risk mitigation strategies.
• Oversee the maintenance and development of existing operating procedures covering all aspects of LC transactions.
• Execute thorough reviews and analyses of transactions to detect irregularities, inconsistencies, or red flags indicative of financial crime.
• Perform quality control checks to ensure the accuracy and integrity of transactions.
• Establish and maintain robust communication with key stakeholders at Group level and across clusters to ensure the ongoing effectiveness of systems and processes.
• Produce regular management information and data for reports on Financial Crime risks to Executive Boards.
• Maintain up-to-date knowledge of all regulations and regulatory changes as well as industry best practices on financial crime risk methodologies.
• Cultivate strong relationships with internal and external stakeholders, including the compliance team, ML reporting officer, Group IT, and clients/customers.
• Conduct quality control assessments of work to ensure alignment with established processes and procedures.
• Deliver training to group members on transaction monitoring and client screening matters.

Senior AML Analyst - Canara Bank - London

(2020-11 - 2021-02)

• Serve as the Subject Matter Expert (SME) in conducting thorough background checks on diverse institutional clients and complex corporate structures, including sole traders, partnerships, limited liability companies, special purpose vehicles (SPVs), and trusts.
• Monitor customer transactions for unusual or suspicious patterns that may indicate money laundering activities.
• Prepare and file Suspicious Activity Reports (SARs) in accordance with regulatory requirements when suspicious activities are detected.
• Collaborate with relationship managers to advise on resolving cases with deficiencies through compliance follow-ups and alternative due diligence procedures.
• Maintain a current understanding of sanctions, AML, and terrorist financing issues, as well as common red flags.
• Provide guidance and training to junior AML analysts and other team members.
• Conduct quality control checks on AML processes to ensure compliance and operational effectiveness.
• Assist in the development and ongoing maintenance of AML policies, procedures, and guidelines, ensuring they stay up-to-date with regulatory changes.

KYC Analyst - PNB Bank - London

(2020-02 - 2020-10)

• Participated in a KYC remediation project for an international financial institution.
• Enhanced customer due diligence (CDD) and enriched enhanced due diligence (EDD) information to meet required regulatory standards.
• Conducted quality assurance (QA) and reconciled KYC forms against the institution's customer list to enrich missing required fields in existing KYC forms.
• Completed periodic reviews, including PEP (Politically Exposed Persons) account reviews, trust and SPV reviews.
• Conduct external research on clients to ensure thorough understanding of their profiles.
• Assess client risk rankings based on profiles, including product, geography, transaction history, and other relevant information.
• Perform KYC screening on existing clients, documenting and corroborating information as per JMLSG guidelines.
• Review client tax documentation (FATCA/CRS) and input data into systems.
• Conduct analyses of account transactions to detect any suspicious activity.
• Prepare Suspicious Activity Reports (SARs) when appropriate.

Directory Analyst - Open Banking Ltd - London

(2018-09 - 2019-10)

• Conduct KYC screening for a diverse range of participants, including financial institutions, limited liability companies, and fintech companies.
• Manage the client onboarding process, including KYC, liaising with the business and clients to ensure the timely procurement of onboarding requirements and facilitate efficient client integration.
• Investigate client backgrounds thoroughly to ensure compliance and risk assessment accuracy.
• Validate and confirm the accuracy of individual report findings on prospective and existing clients, conducting research that includes negative media, PEP, and sanctions investigations.
• Identify process improvements and support key process and technology initiatives to enhance operational efficiency.
• Liaise with legal teams to eliminate obstacles affecting the onboarding process.
• Ensure participants comply with PSD2 regulations and possess the necessary permissions mandated by relevant regulatory bodies for services provided under the revised Payments Services Directives (PSD2).
• Conduct routine compliance monitoring of participants to ensure that permissions remain valid and appropriate.
• Oversee the end-to-end onboarding and periodic review process, ensuring adherence to all relevant standards.
• Comply with FATCA and CRS standards for relevant clients.
• Evaluate red flags that trigger customer risk ratings, recommending strategies for risk mitigation.
• Perform transactional due diligence on trade finance customers, reviewing documents associated with trade such as letters of credit and guarantees.

BSc - Economics - Obafemi Awolowo University (1998-09 - 2001-09)