Tim Carroll

• Client: The Royal Bank of Scotland International
• Project: CDD Remediation Programme: This project focused on AML/KYC remediation for Institutional Banking and Institutional Retail Banking customers. It encompassed full remediation across all work streams, including client outreach and the completion of Event Driven Reviews, ensuring the client’s compliance with regulatory obligations.

RESPONSIBILITIES

• Conducted Event Driven Reviews for Non-Personal customers, ensuring compliance with regulatory standards.
• Collected, verified and analysed customer identification documents, corporate structures, source of funds/source of wealth and supporting materials.
• Reviewed PEPs and Sanctions Screening Reports, escalating findings as necessary.
• Communicated with Relationship Directors and BAU teams to understand the nature of customers’ businesses and accounts.
• Performed detailed transaction analysis on customer accounts to identify suspicious transactions and anomalies.
• Escalated potential risk issues and documentation gaps to SMEs or team leads for further evaluation.
• Collaborated with internal stakeholders to retrieve missing KYC documentation and clarify client information.
• Conducted end to end CDD/EDD reviews, ensuring the accurate completion of due diligence checks.
• Acted as the point of contact in the Team Lead’s absence, managing team-related queries and tasks.
• Liaised with senior project managers to provide updates on case progression, MI reporting, and team delivery.

• Client: Ulster Bank Ireland
• Project: CDD Remediation Programme: The objective of this project was to complete periodic reviews on 2,500 personal and commercial customers to ensure regulatory compliance, verify documentation authenticity and internal policy adherence.

RESPONSIBILITIES

• Performed Periodic Reviews for personal and commercial customers across Low, Medium and High Risk levels.
• Investigated end to end Periodic Review and Event Driven Reviews for various entity types including; Private Corporations, Public Corporations, Limited Liability Companies, Funds, Trusts & Regulated Financial Institutions.
• Outreached and obtained necessary documentation from individual stakeholders conforming to the client’s internal policies.
• Conducted PEPs and Sanctions Screening Reports, escalating findings as necessary.
• Evaluated the activity on corporate accounts to verify the activity was in line with a customer’s nature of business.
• Identified suspicious or irregular transactions involving sanctioned and prohibited countries, escalating to the appropriate team and filing SARs.
• Requested and reviewed Source of Funds/Source of Wealth rationale for high net worth individuals, ensuring satisfactory information was held to comply with client policy.