Folakemi Balogun

Accomplished KYC/AML Compliance Analyst with a proven track record at Deloitte, enhancing client onboarding and reducing regulatory violations by over 30%. Skilled in Anti-Money Laundering and fostering professional relationships, demonstrating exceptional analytical and interpersonal abilities. Thorough team contributor with strong organizational capabilities. Experienced in handling numerous projects at once while ensuring accuracy. Effective at prioritizing tasks and meeting deadlines.

AML/Fraud Compliance Analyst - Intuit - Texas City, TX

(2025-01)

• Assisted in maintaining a robust AML program by staying current on industry trends, laws, and best practices.
• Review and validate the correctness of information in reports such as SAR narrative and SAR form on money laundry and fraud cases prior to final approval and sending to FINCEN.
• Improved interdepartmental communication by collaborating with various teams to identify and mitigate risks associated with money laundering.
• Experienced in writing and preparing Suspicious Activity Reports (SARs)
• Review BSA, OFAC and other related regulatory changes and determine impact, if any, to Deloitte policies, procedures, and controls.
• Monitored financial transactions and immediately reported suspicious activity to authorities.
• Enhanced AML compliance by conducting thorough investigations and risk assessments on potential clients.
• Identified threats, vulnerabilities and suspicious behavior patterns to recommend mitigation measures.
• Documented research findings to support risk-based decision-making and resolution to escalated fraud incidents.
• Enhanced detection capabilities for potential fraudulent activities through regular review of account transactions and patterns.
• Produced detailed reports of fraud investigations and presented findings to senior management.
• Evaluated customer data to identify and prevent fraudulent activities.
• Analyzed large amounts of data to find patterns of fraud and anomalies.
• Tracked fraud cases and monitored trends to develop strategies for prevention.
• Assisted investigation and risk management teams with fraud investigations and risk identification.

KYC Risk Analyst - Comerica Bank - Texas City, TX

(2022-01 - 2024-12)

• Enhanced client onboarding process by streamlining KYC procedures and reducing turnaround time.
• Identified potential risks and red flags through comprehensive customer risk assessments, mitigating potential financial losses.
• Provided training to new team members on KYC procedures, resulting in increased productivity and effectiveness.
• Performed quality assurance checks on completed customer files, ensuring accuracy and completeness before submission for review or approval.
• Managed a high volume of client data, maintaining strict confidentiality and adhering to internal policies for information handling.
• Interpreted evidence from multiple tools and systems to determine legitimacy of customer behavior.
• Coordinated ongoing monitoring efforts for high-risk accounts by tracking changes in customers' profiles and transaction patterns.
• Experienced in writing and preparing Suspicious Activity Reports (SARs)
• Reviewed new prospect KYC documents to meet requirements and determine business model risk.
• Analyzed and investigated clients to conduct detailed customer due diligence and enhanced due diligence review.

Risk and Compliance Officer - Deloitte - Texas City, TX

(2021-03 - 2022-12)

• Collaborated with cross-functional teams to ensure a consistent approach to AML risk assessments across all business lines.
• Evaluated transaction patterns and customer profiles to identify potential money laundering trends and typologies.
• Supported senior management by creating reports that highlighted key metrics related to AML program performance.
• Conducted root cause analysis on identified gaps in the AML program, leading to targeted process improvements that increased overall effectiveness.
• Conducted comprehensive AML investigations, resulting in the identification of suspicious activity and timely submission of SARs.
• Experienced in writing and preparing Suspicious Activity Reports (SARs)
• Assisted with the successful completion of internal and external audits through meticulous documentation and timely responses to inquiries.
• Actively participated in industry conferences and training sessions to maintain expertise in current AML trends and regulations.
• Investigated fraud referrals and performed research to minimize risk and resolve inquiries.
• Documented research findings to support risk-based decision-making and resolution to escalated fraud incidents.
• Identified and implemented effective methods for examining and analyzing financial documents.

Bachelor of Science - Actuarial Science - University of Lagos