Summary
Overview
Work History
Education
Skills
IT
Timeline
Generic
Bibiana Melo Z

Bibiana Melo Z

Chatswood,NSW

Summary

A results-driven Senior Analyst SME with a 4 -year background in Financial Crime. Appointed for a secondment as a Senior Analyst, Trade Finance & Sanctions Payment Escalations as part of the Financial Crime Compliance team and successfully having completed 4 months exposure to the Senior Point of Reference function as part of career development. Committed to identifying improvement opportunities to mitigate risk.

Overview

10
10
years of professional experience

Work History

Senior Analyst Sanctions Payments Operations

Commonwealth Bank
Sydney , Nsw
06.2018 - Current
  • Support the team to effectively and efficiently manage financial crime risks, by providing training to analysts which then increase their performance, targets and QA percentage.
  • Implementation of FAQs for Pakistan and Palestine, simplifying processes and resultant of total saving per annum of $894 for each country.
  • Recommended amendment of an internal rule which resulted in $3,981.00 Savings per annum.
  • Committed to risk identification and mitigation initiatives, assessing risks and driving actions to address root causes by challenging both historical and new practices.
  • Performed KYC reviews and Quality Assurance checks in order to upskill current team members.
  • Dynamically provide feedback to analyst as well as weekly “In the moment feedback” updates so that payments are processed effectively, decreasing the volumes in the AP queue, the number of KYCs and reflected in a customer’ positive impact.
  • Lead Sanction Operations walk-throughs for stakeholders.
  • Work alongside with leadership team to identify gaps in processes as well as stripping rules that cause unnecessarily delays and rework.
  • Proactively raise concerns about identified sanction potential risks and propose rule creations/uploads in FIRCOSOFT.
  • Identified inconsistencies provided by the IAVD and Activity Tracking Tool (ATT) that could expose the bank to release payments were customer could be located in a CAT B/C country and provided an interim solution.
  • Identified IAVD’s data does not reflect results for CAT C Crimea. In order to mitigate risk, updated the team on how to treat Ukrainian searches in IAVD.
  • Efficient Queues management skills, ensuring SLA's/Targets are met -on daily basis.
  • Category B & C Escalation referrals in line with the banks Economic and Trade Sanctions Standard.
  • Analysing and processing Category A transactions in line with regulatory requirements.

Senior Analyst, Trade Finance & Sanctions Payment

Commonwealth Bank
Sydney, NSW
07.2021 - 10.2021
  • A month within my secondment, assisted FCC Sanctions Payments Team in developing “Central Hub”, a helpful tool providing an ETS category overview as well as guidance for all category countries, their restrictions in place and common general licenses.
  • Ensure compliance and effective risk management.
  • Review payments and trade transactions for sanctions related risks referred by the Line 1 Sanctions Team.
  • Liaise with the business stakeholders in regards to escalations.
  • Internal rule uploads to effectively mitigate any potential risk.
  • Provide advice to Line 1 Sanctions.
  • Submit and follow up with Unusual Matter Reports with relevant team when suspicious behaviour has been identified within the payment escalation review.
  • Refer high risk customers to relevant team for client banking relationship to be reviewed/terminated.
  • Conducting enhanced due diligence on customers and transactions which involve sanctioned jurisdictions or would involve any potential financial crime concerns.
  • Constructing escalation reports for Group MLRO/ MLRO delegate for approval/exemption pertaining to transactions which involves high risk and or sanctioned jurisdictions .

Senior Point of Reference (POR) – Role Shadowing

Commonwealth Bank
Sydney, NSW
03.2021 - 07.2021
  • Conduct AML/Enhanced Due Diligence on correspondent banking relationships.
  • Trained for Batch Screening and Roster tasks.
  • Supported the POR tasks by actioning LT register, Aged Report, CAP testing, Batch Screening, End of the Day Report, when required.
  • Assisted the Leadership team conducting analysts’ interviews.

Analyst Sanctions Payments Operations

Commonwealth Bank
Sydney, NSW
12.2017 - 06.2018
  • Promoted within 7 months to Senior Sanctions Analyst.
  • Performed sanctions screening and analysis of domestic and international payments.
  • Analyse and investigate the risk of financial crime/sanctions across payment activity.
  • Contributed to the continuous improvement of the team by sharing ideas, participating in staff meetings, raising issues, questioning the way we do things and offering solutions.
  • Ensured that all activities and duties were carried out in full compliance with our regulatory requirements and internal policies.
  • Committed to handle high volumes without compromising quality.
  • Assisted in creating business rule like LDS Charities Australia in order to mitigate risk as transactions regularly contain CAT B/C nexus.
  • Raised incorrectly wording of internal rules and proposed their amendment. Thus, decreasing risk of payments being released incorrectly.
  • Assisted in IP CEG Tool pilot program.

Forecasting, Reporting & Shared Services Analyst

Pharmacare Laboratories
Sydney, NSW
04.2015 - 11.2017

Cash Management Officer and Accounts Officer

Downer Group
Sydney , NSW
06.2012 - 05.2014

Education

MBA - Major in Accounting

Australian Catholic University
Sydney, NSW
05.2011

Advanced Diploma in Business And Marketing -

Kent Institute
Sydney, NSW
12.2009

Bachelor of Economics -

Universidad Pedagogica Y Tecnologica De Colombia
Colombia
06.2006

Skills

  • Exceeded performance in previous roles, leading to promotions and secondment with Financial Crime Compliance Team and recognition
  • Numerous legends of CAN and Boom nominations; as well as Quality Assurance Team KUDOS recognitions
  • Proposed amendment and guided to execution of Business rule No 9, reducing referrals and KYCs conducted and as result of this change saving 2600 hours per annum, FTE Capacity Release per annum 17 and Annual Cost Savings $190,49500
  • Proposed and drove to completion deletion of Bin and Binte Rule with total savings of 756 hours/ $58,30500 per annum
  • Identified that new details obtained from invoked KYC were not screened and hence the group was highly exposed to risk On the back of my proposal SOP was updated, resulting on Risk Benefit as it enhances our approach to Risk
  • Initiated numerous proposals for SOP changes, which in return have made processes more effective, consistent and at the same time mitigated risk
  • Responsible for FAQ Register with main purpose of mitigating risk, increase consistency and saving time when processing alerts

IT

· MS Office: Word, Excel (Macros, Vlookup, Pivot Table etc), Power Point.

· Swift and NPP networks/platforms.

· Operating Systems: Commsee, FIRCOSOFT, World Check, Pegasus, IP address Validation Dashboard, Jarvis.

Timeline

Senior Analyst, Trade Finance & Sanctions Payment

Commonwealth Bank
07.2021 - 10.2021

Senior Point of Reference (POR) – Role Shadowing

Commonwealth Bank
03.2021 - 07.2021

Senior Analyst Sanctions Payments Operations

Commonwealth Bank
06.2018 - Current

Analyst Sanctions Payments Operations

Commonwealth Bank
12.2017 - 06.2018

Forecasting, Reporting & Shared Services Analyst

Pharmacare Laboratories
04.2015 - 11.2017

Cash Management Officer and Accounts Officer

Downer Group
06.2012 - 05.2014

MBA - Major in Accounting

Australian Catholic University

Advanced Diploma in Business And Marketing -

Kent Institute

Bachelor of Economics -

Universidad Pedagogica Y Tecnologica De Colombia

Similar Profiles

CREATE PROFILE
Bibiana Melo Z