Cem Erkakan

Risk Advisory - Financial Crime

Member of the AFC team, focusing on AML/ CTF process improvements, including KYC, Client Onboarding/ Lifecycle Management, Transaction Monitoring, Sanctions & Embargoes

-Acted as the representative of the Regional Compliance COO based in Dubai -Conducted second-line-of-defence activities related to the three-lines-of-defence approach of the bank about financial crime risk -Budgeting, capacity planning, performance management and project management -Supported with the creation of the risk management framework and ensured due operation of such a framework

-Project leader on a global project which aimed to develop the bank’s transaction monitoring system with new AML scenarios and controls -Conducted transaction monitoring system’s threshold tuning and alert volume optimization in order to increase SAR/STP conversion ratio -Analysed financial crime cases with a focus on correspondent and investment banking SME support to the AML team by way of internal trainings

-Conducted accuracy controls for new and existing customers’ KYC forms in automated Citi-KYC system -Took part in systemic developments of Mantas, Actimize or Fortent, SIRON AML on a country-specific and global basis -Analyzed alerts and investigated transactional activities to detect any suspicions of money laundering or terrorism financing activity

Draft and manage the operation of letter of credit for import and export according to UCP 500