Awatefe Michael Ogboru, CFA, FCCA, FCA

Experience

• 

  Oceanic Bank International Plc

  Jan 2004 - Jan 2009

  Financial Analyst – Financial Control & Tax Planning Department, Group Coordination Unit

  • Analyzed financial performance of offshore subsidiaries, assisting with various aspects of finances.• Oversaw accounting records and cash management.• Authorized all transactions.• Marketed products and services to new clients.

• 

  Sterling Bank Plc

  Feb 2010 - Feb 2013

  Head - IFRS Desk

  • Responsible for preparing the Bank’s unaudited interim IFRS published financials• Preparing IFRS management accounts• Creating ledgers for IFRS trial balance• Mapping ledgers for IFRS reporting• Reviewing new applicable IFRSs and advising management on their impacts.• Organising training programs for relevant departments on the impact of adoption of IFRS• Calculation of technical parameters for IFRS impairment such as; probability of default (PD) and Loss given default (LGD)Currently part of the project team responsible for developing and implementing the Bank’s plan to migrate to IFRS reporting format: • Evaluate accounting treatments under the Nigerian GAAP and IFRS.• Develop a gap analysis document for the relevant IFRSs.• Develop Decisions papers for management on relevant IFRSs options.• Identify IFRS implementation options.• Classification of general ledger in line with IFRS.• Team lead – Business Impact bank, conduct business impact analyses of IFRS adoption• Evaluate all the Bank’s product and develop a product matrix• Creation of business case scenarios.• Validation of business case scenarios.• Develop fair value calculation process manual.• Develop impairment process manual.• Develop accounting process manual.• Organizing and developing training needs for departments within the bank.. Show less

• 

  Asset Management Corporation Of Nigeria

  Feb 2013 - now

  • Review all Departmental functions within the Corporation at appropriate level and intervals, to determine whether such functions are efficiently and effectively carried out in accordance with established objectives, SOPs, procedures, best practices, standards and AMCON Act.• Determine the soundness, adequacy, effectiveness and application of financial and other management systems and internal controls.• Review the reliability, integrity, and usefulness of financial, technical, operational and management information and the means used to identify, measure, classify, and report such information.• Review established systems to ensure compliance with those policies, plans, targets, procedures, laws, and regulations, which could have a significant impact on the Corporation's operations and reports.• Determine and evaluate the adequacy of the systems, which safeguard Corporation assets and interests from losses of all kinds, including waste, extravagance and inefficient administration, commercially deficient practices, or any other causes.• Appraise the economy and efficiency with which resources are employed and the quality of performance in carrying out assigned responsibilities.• Review compliance with the Corporation's guidelines for ethical business conduct and ensure that the highest personal and corporate standards are met.• Ensure that actions to be taken by the Management to correct audit findings are satisfactorily implemented. If actions are considered unsatisfactory, follow-up should be made at an appropriate level.• Initiate the periodic review of the Internal Control Charter to ensure that it remains relevant to the requirements of the Corporation and in line with modern corporate governance practices.• Evaluate the effectiveness of the framework for risk identification, appraisal and the implementation of the mitigating actions/controls instituted against each process. Show less

  • Head of Internal Control

    Jul 2024 - now

  • Head- Financial and Regulatory Reporting

    Jun 2020 - Jul 2024

  • Head - Financial Reporting, IFRS Valuation and Disclosures

    Feb 2013 - Jul 2024