Compliance Officer/Operational Risk Coordinator
FIDELITY BANK NIGERIA PLC
Total years of experience :21 years, 3 Months
Ensuring the Bank’s Internal Control Policies are adhered to by staff for both financial and Non-financial transactions as carried out at Branch Levels to ensure global best Practices.
• Daily review of General Ledger and Profit and Loss of Branches assigned; pointing out noted financial irregularities/exceptions for prompt regularization by concerned staff or unit. Call over of transaction tickets; raising of exceptions and ensuring regularization of same. Ensuring a zero tolerance to exceptions and reducing same to the barest minimum thereby making processors to work in line with policies and standard procedures. Review of customers’ documentation to ensure they are in line with the Bank’s policy and Regulatory guidelines.
• Review of Facilities and Temporary Overdrafts (TODs) to ensure charges are taken at booking stage and during the running period of facilities as agreed with customer(s). Monitoring the marketing unit and ensuring that COT concessions are maintained in line with Management Approval.
• Authorization of Overdraft.
• Credit Review: ensure that loans are booked in line with Bank’s policy and mirror files are maintained at branch level. Also, monitor loans to ensure that rentals are paid as at when due and escalate overdue rentals. Ensure that proper documentations are in place before loans are booked.
• Ensure prompt compliance with regulatory authorities to avoid sanctions and Liaise with IT group to ensure steady & uninterrupted operations.
• Review of cash and Tellering (Front and Bulk room activities), Vault Operations. Supervision of officers responsible for ATM accounts reconciliations and complaints.
• Weekly /monthly proofing of all internal/provable accounts.
• Monitor revenue collection/income capture. Conducting security sweep in offices.
• Review of Funds Transfer/clearing activities, caution notices and managers’ cheque review on a daily basis; to ensure there are no policy infractions and violation of Bank procedure.
• Prompt escalation of policy infractions.
• Investigate cash shortage/overage and customers complaints.
• Preparation of weekly and monthly Compliance Reports.
• Fraud investigation and Customers complaints investigation.
• Expense Review; to ensure that expenses are within approved limit and budget and query expenses that do not fall within budget.
• Environmental scanning and security review.
• Other Reviews as may be assigned by Management.
Prioritizing investments when funding or resource requests far exceed available
resources. Connecting prioritization of investments to overall strategy.
Overcoming contentious decision-making processes. Balancing competing objectives: long-term vs. short-term benefits, improving customer service vs. reducing cost, etc. Dealing with risk. Deciding which projects should be slowed, scaled back or eliminated to accommodate a budget cut.
Posting and Management of GL; ensuring entries are properly classified and posted to avoid paying tax on non taxable account/transactions. End of month account closure and call over of posted entries. Payroll preparation and posting to various GL accounts. Assisting the Head of Finance in the preparation of Final accounts and budget preparation. Preparing quarterly returns to Central Bank of Nigeria and Securities and Exchange Commission. Cash Accounts and Cash Advance Ledger Management. Reconciliation of Daily Trading Statement and Bank Statement of Accounts. Handling of Tax matters (both Federal and State) VAT and WHT. Attending to External Auditor’s request during external audit. Relieving the Head of Finance when he is on leave and representing him at board meetings.
Booking /Rollover of investments, management of corporate clients/high-net-worth individual, management of investment and reinvestment rates, supervise all treasury account reconciliation, management of foreign currency, bank relationship management, preparation of weekly assets and liability report, liquidity management. Financial planning and budgeting, preparation of quarterly return to Central Bank of Nigeria. Confirmation of contractors’ invoices and LPO in our counter party companies for invoice discounting and LPO financing.
Vouchers preparation, preparation and issuing of cheques to customers, cash/bank reconciliation, posting of receipt and payment of vouchers. Decide on cash availability to meet cash needs. End of year cash position preparation for external auditors
Generating cash position and sales report; credit management and banker relationship.Management of account receivable and payable, preparation of clearing documents and liason with our clearing agent, negotiation for facility and relating with our foreign suppliers.
Teaching Accounts and Mathematics to secondary 5 & 6 students.
Monitor reorder level and make orders when stock get to reorder level, Responsible for purchasing raw materials for production of file cabinets and auto exhaust, Deciding among alternative suppliers, Reviewing large value purchase orders, Preparing and managing request for proposals and reviewing the bidding process, Negotiate with suppliers, Inspect delivery to ensure they conform with order, Control/supervise stock inflows and outflows, End of month stock balancing, Maintenance of stock records and liason with external auditors.
1. Project on Evaluation of Capital Market and Economic growth. 2. Budget as a control tool in government activities.
GPA 2.87 SECOND CLASS LOWER. I WAS THE DIRECTOR OF WELFARE, STUDENT UNION GOVERNMENT.
Best Student in Business Law