David Laoye

Experience

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  Guaranty Trust Bank Plc (Secondment from ICSL)

  Sept 2005 - Mar 2008

  Marketing Officer

  - Deposit mobilization- Relationship management - Marketing of Bank products and services- Financial advisory and investment analysis- Mobilization deposit and creation viable risk assets to drive income. - Analysis and interpretation of customers financial statement for credit purpose- Customer value chain acquisition, retention and relationship management.

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  BankPHB (Currently Keystone Bank Limited)

  Apr 2008 - Dec 2010

  Internal Auditor

  - Review of staff payroll, credits and risk assets. - Carrying out integrity test and security sweep.- Call-over of financial transactions above stipulated threshold.- Review of Account opening files for completeness in line with KYC policy.- Ensuring Fraud Control, Prevention, detection and investigation.- Spot checks and cash count of both local and foreign currencies- Confidential Investigation of policy violations, customer’s complaints and control breaches. - Review of bank’s General Ledgers especially income and expense lines for revenue assurance.- Carrying out process review, spot checks and walk-through test to ensure that procedures are being complied with in practice as laid down in the policy. Show less

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  FinBank Plc (Currently First City Monument Bank Limited)

  Jan 2011 - Jul 2012

  Internal Auditor

  - Carrying out policy and regulatory compliance audit.- Expense analysis and review for value for money.- Staff training on bank’s policies and procedures.- Carrying out integrity test, security sweep and scooping exercise.- Call-over of financial transactions above stipulated threshold.- Confidential Investigation of policy violations and control breaches.- Review of budget and escalation of budget variance for prompt resolution.- Ensuring adequate control and security of bank’s assets.- Risk identification, assessment and minimization audit.- Carrying out substantive tests on the bank’s transactions records to ensure data integrity.- Review of all income channels and ensuring controls are upheld to mitigate any forms of income leakages in the system.- Analysis of financial data for loan disbursement and review of credit documents. Show less

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  Shorelink Oil and Gas Services Limited

  Jul 2012 - Jun 2020

  Provide operational and strategic decision support analysis and information, manage liquidity, raise capital, advice on efficient capital allocation and provide guidance on business expansion initiatives for the group- Effectively manage the group’s asset, debt, cost, profitability position and establish an appropriate framework for the prompt rendition of returns to investors, and for repayments of debts.- Act as chief advisor and strategist providing needed support to the group CEO, employees and board with respect to the identification of financial risk and development comprehensive financial risk management strategy for the group.- Work closely with the business mangers to optimize business performance and development of functional strategic plans which are presented to the executive management and board for approval Show less - Responsible for driving the overall financial strategy of the group (Shorelink Oil & Gas services Limited, Stockgap Fuels Limited and SN & A Shipping Services Limited)- Provide operational and strategic decision support analysis and information, manage liquidity, raise capital, advice on efficient capital allocation and provide guidance on business expansion initiatives for the group- Effectively manage the group’s asset, debt, cost, profitability position and establish an appropriate framework for the prompt rendition of returns to investors, and for repayments of debts.- Act as chief advisor and strategist providing needed support to the group CEO, employees and board with respect to the identification of financial risk and development comprehensive financial risk management strategy for the group. Show less - Coordinating corporate finance and managing company policies regarding capital requirements, debt, taxation, equity and acquisitions, as appropriate. - Negotiating with Banks for lines of credit or other financial services as required and appropriate.- Ensuring timely and accurate provision of monthly, quarterly and annual financial reporting to aid management decision making process and reporting to external stakeholders- Drive the implementation of finance team’s operational strategy, work plans, programs, controls, policies and procedures to ensure a rigorous framework in alignment with the company’s overall objectives.- Developing financial management mechanisms that minimise financial risk. - Monitoring and interpreting cash flows and predicting future trends; analysing change and advising accordingly- Establishing guidelines for budget and forecast preparation, and prepare the annual budget in consultation with management.- Providing accurate and timely reporting on the financial activity of individual projects. Show less - Identifying business risks, including critical regulatory-compliance related issues, and recommending remediation plans to management on a timely basis.- Evaluating the reliability and integrity of financial information and the means used to identify measure, classify, and report such information. - Carrying out process review, spot checks and walk-through test to ensure that procedures are being complied with in practice as laid down in the policy.- Evaluating the means of safeguarding assets and, as appropriate, verifying the existence of such assets, ownership, utilization and depreciation charges- Evaluating the effectiveness and efficiency with which resources are employed. - Monitoring and evaluating governance processes. - Reporting periodically on the internal audit activity’s purpose, authority, responsibility, and performance relative to its plan- Reporting significant risk exposures and control issues, including fraud risks, governance issues, and other matters needed or requested by the Managing Director.- Performing consulting and advisory services related to governance, risk management and control as appropriate for the organization. - Acting as a facilitator in business risk management and carrying out value for money reviews Show less

  • Chief Financial Officer

    Jun 2019 - Jun 2020

  • Chief Operating Officer

    Jan 2019 - Jun 2019

  • Chief Financial Officer

    Jun 2015 - Dec 2018

  • Finance Manager

    Jun 2013 - Jun 2015

  • Head, Internal Audit & Quality Control

    Jul 2012 - Jun 2013
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  Shorelink Oil and Gas Services Limited/Stockgap Fuels Limited

  Jun 2020 - Apr 2022

  - Assess the effectiveness of established business control policies, processes and procedures and communicate identified weaknesses to management with appropriate recommendations.- Lead the development and implementation of an internal risk-based audit strategy and annual plan for the company.- Develop the Group's risk management framework and monitor the risk maturity and ensure this is reflected in the strategy.- Develop internal audit policies, strategies and action plans to promote a culture of transparency and accountability.- Monitor the implementation of the Internal Audit programmes to ascertain the degree of compliance with company approved policies and operating procedures, laws, regulations and code of good business practices.- Continuously review the business and operational risks in order to proactively establish appropriate mitigating measures.- Liaise with the Treasury and Financial Control team and statutory auditors to agree scope and information requirements for the successful conduct of the annual statutory audit programmes.- Approve and coordinate the conduct of investigations into suspected fraudulent practices across the group and recommend the appropriate line of action in response to findings.- Advised executive management on approach to streamline business operations in a bid to focus on the core activity of the business, optimise cost and improve efficiency Show less Supported in the achievement of short and long-term strategic objectives and ensure continued growth of marketing activities.- Drive strategy by working with the executive team on strategic development, business analysis, market research, forecasting, and analyzing market trends with the goal of optimizing sales, expanding the market, improving supply, and creating new partnerships to influence the company’s bottom line.- Responsible for generating revenue by increasing sales through successful marketing for the entire group, using market research, pricing, product marketing, marketing communications, advertising and public relations.- Introduced focus to market expansion and increase the visibility of our market presence and impact, particularly among our target audience and stakeholders- Partnered with sales leaders, sales teams, and clients, and consistently ensure that all marketing tactics and strategies are aligned with sales activities and revenue generation by penetrating new market segment within a reasonable period.- Led marketing strategy implementation and research to support sales team in determining customer's requirements and prospects as well as increase and improve performance qualify, channels of distribution to attain customers' satisfaction.- Provided insight into optimal pricing strategies by working with sales, operations, finance, and product management in order to fully understand the detailed economics and profit levers of all products and services. Show less

  • Chief Internal Auditor

    May 2021 - Apr 2022

  • Chief Marketing Officer

    Jun 2020 - May 2021
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  ADL Professional Services

  May 2022 - now

  Managing Partner

  Audit and Assurance, Accounting Services, Taxation services, Risk Management, Financial Advisory Services and Project Management

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  Xpar8 Hedge International Energy Limited

  May 2022 - now

  Managing Director

  Oil, Gas and Power : Trading, Infrastructure, Procurement, Consulting, Logistics and Retail