Oluwatosin Ademodi

Experience

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  Adekola Kareem&Co

  Jan 2020 - Jan 2024

  Legal Compliance Associate

  • Implemented a new monitoring system resulting in a 20% reduction in compliance gaps within the first six months.• Reviewed and updated 54 policies and procedures annually to ensure compliance with changing regulations.• Prepared monthly compliance reports with a 98% accuracy rate, leading to improved decision-making by the governing body.• Achieved a 98% accuracy rate in KYC checks, ensuring compliance with regulatory standards.• Established and maintained 12 compliance registers for businesses, ensuring 100% compliance with record-keeping regulations.• Processed an average of 50 compliance approval requests per month with a 98% accuracy rate.• Ensured timely filings with regulatory authorities, avoiding penalties and fines.• Established partnerships with 3 external industry associations, enhancing compliance knowledge sharing and best practices adoption. Show less

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  LEADWAY CONSULTING LIMITED

  Jan 2021 - Jan 2024

  Compliance Analyst

  • Detected and mitigated AML, financial, regulatory, and reputational risks by conducting detailed analyses of over 150 high-risk client profiles annually, resulting in a 25% decrease in identified risks across the organization.• Identified and addressed compliance breaches at the inception of client relationships and during ongoing monitoring, reducing compliance violations by 20%.• Reviewed and updated 54+ policies and procedures annually, ensuring compliance with changing regulations and achieving a 95% regulatory compliance rate across the firm.• Prepared enhanced customer due diligence reports, summarizing all relevant information located and investigated, contributing to a 98% compliance rate in regulatory audits.• Conducted KYC due diligence on new and existing clients, including sanctions, AML, prevention of tax evasion, and reputational perspective, maintaining an increased accuracy rate in compliance checks.• Carried out CDD checks on clients and matters in line with AML regulations, drafted the corresponding risk assessments for Partner review and approval, and contributed to a 15% improvement in risk management.• Assisted with ensuring appropriate regulatory and AML information was cascaded to all staff levels, resulting in a 90% completion rate of mandatory training programs across the organization. Show less

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  RiTem Consulting Ltd

  Jan 2024 - now

  AML/KYC Analyst

  • Conduct thorough investigative profiling using public databases and internal systems to analyze and accurately assess client information, enhancing the accuracy of risk assessments by 15%. • Incorporate information into due diligence reports to verify clients' Source of Funds, reducing the risk of regulatory breaches by 10%. • Regularly oversee client accounts to identify and report any suspicious activities, contributing to a 20% increase in the detection of potentially fraudulent activities.• Prepare detailed reports on KYC findings and provide actionable recommendations, leading to improved compliance decision-making processes.• Perform CDD, EDD, and ongoing monitoring of new and existing clients, ensuring all processes comply with UK AML regulations and internal policies.• Identify and investigate suspicious activities and transactions, escalating concerns to senior management as needed, contributing to an 8% reduction in potential compliance violations. Show less

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  Counter Fraud Compliance and Debts Directorate

  Jan 2024 - now

  Administrative Officer

  • Maintain accurate and up-to-date records of all investigations and debt recovery activities, ensuring 100% compliance with data management regulations and reducing record discrepancies by 10%.• Ensure compliance with relevant regulations, industry standards, and internal policies, guiding the organization on compliance matters. • Monitor and analyze fraud and compliance trends to identify areas for improvement, contributing to a 15% reduction in potential fraud risks.• Prepare and submit required reports to regulatory bodies, ensuring timely and accurate filing of all compliance-related documentation.• Develop effective strategies to prevent fraud, ensuring alignment with industry best practices and organizational goals.• Provide clear and timely updates on case progress to the team leader and senior management, enhancing interdepartmental communication and case outcome reporting. Show less