OMOREDE DONALDSON AGHAHOWA (CAMS,DCP,ACIB,MBA,FCA)

Experience

• 

  Equitorial Trust Bank Limited.

  Apr 2008 - Nov 2011

  Branch Banking Operations

  Branch Banking Operations - Tellering, Back Officer, Fund Transfer officer, Clearing Representative - Regional Clearing Officer (Onitsha Regional Bank) and Customer Service Officer

• 

  Sterling Bank Plc

  Nov 2011 - Nov 2015

  • Examined and evaluated all systems of internal control and recommend value-added continuous improvements to ensure that programs are delivered efficiently and effectively.• Collaborated with business units for increased education and awareness of risk and internal control identification, testing and monitoring.• Monitor and review the activity report of direct report for adequate report rendition to Control Manager.• Monitored and provided assurance on control design and adherence to regulatory requirements and standards. Monitoring of Loans and facilities in the Bank.• Vault and Cash Administration Control during routine visit to branches.• Review of all Suspense, Interdepartmental and other GL accounts and reconciliation with the supporting documents/tickets in the proof files.• Review of Customer Service desk activities for full policy/regulatory requirement/KYC compliance to ensure acceptable level of unregularized account opening documentations.• Environmental Scanning and ambience Check- managing branch facility. • Liaising with Internal Audit/External Audit staff during Half year or full year Audit of branch activities. Show less • Examined and evaluated all systems of internal control and recommend value-added continuous improvements to ensure that programs are delivered efficiently and effectively.• Collaborated with business units for increased education and awareness of risk and internal control identification, testing and monitoring.• Monitored and provided assurance on control design and adherence to regulatory requirements and standards. Monitoring of Loans and facilities in the Bank.• Effective review of Cash and Tellering activities including cash count and vault/tellers registers reviews.• Review of all Suspense, Interdepartmental and other GL accounts and reconciliation with the supporting documents/tickets in the proof files.• Review of Customer Service desk activities for propriety and full policy/regulatory/KYC compliance to ensure acceptable level of unregularized account opening documentation deficiency, review of dormant Accounts , review of reactivated accounts and ensure appropriate documentation is in place, review of uncaptured customer mandates, uncollected cheque books, and Review of ATM cards issuance and collection of ATM PIN .• Environmental Scanning and ambience Check- managing branch facility. • Detailed review of close circuit TV for effective and smooth functioning at all times. Show less • Reviewed key processes and internal controls and identified gaps and weaknesses, documented observations and provided recommendations to stakeholders on lapses and remediation for deficiencies.• Conducted technical research, interviews, field tests, and assessed the control environment efficiency and effectiveness across the business units.• Consulted and collaborated with business stakeholders on control improvement opportunities and designs for risk reduction.• Monitored and provided assurance on control design and adherence to regulatory requirements and standards. Monitoring of Loans and facilities in the Bank.• Effective review of Cash and Tellering activities including cash count and vault/tellers registers reviews.• Review of all Suspense, Interdepartmental and other GL accounts and reconciliation with the supporting documents/tickets in the proof files.• Review of Customer Service desk activities for propriety and full policy/regulatory/KYC compliance to ensure acceptable level of unregularized account opening documentation deficiency, review of dormant Accounts , review of reactivated accounts and ensure appropriate documentation is in place, review of uncaptured customer mandates, uncollected cheque books, and Review of ATM cards issuance and ATM PIN . Show less

  • Team Lead - Internal Control Officer

    Jul 2015 - Nov 2015

  • Internal Control Officer

    Jun 2014 - Jul 2015

  • Team Member- Channel Control Officer

    May 2012 - Jun 2014

  • Branch Banking Operations

    Nov 2011 - May 2012
• 

  Fidelity Bank PLC

  Nov 2015 - Aug 2022

  • Evaluate the effectiveness, economy and efficiency of operations, risk management and controls; identify gaps and making subsequent recommendations on observed exceptions.• Ensure assigned process and control testing is completed in accordance with departmental policies, procedures and guidelines, according to the schedule and Compliance Plan and Policy.• Review the internal controls and identify weaknesses, document observations and provide recommendations to management for remediation.• Create and present Compliance findings, reports and recommendations to audit stakeholders, reaching agreement with management in identifying an effective action plan(s).• Building positive relationship with stakeholders and interacting with senior management on findings from audit review and proffering recommendations as appropriate.• Plan, design and review of business processes, internal control and operations.• Assist with ad hoc management projects and special assignments or investigations as requested by management of compliance Division.• Ensuring Regulatory compliance by all unit of the bank.• Monitoring of unusual transaction and suspicious transactions from various customers transaction to detect any red flags or issue of Money Laundering, Terrorism Financing and Proliferation Financing.• Review huge transaction into PEP accounts, monitoring and review of transactions of IMTO's• Review and identification of High-risk customers such as PEP, DNFBP, Non-Face to Face Customer, Non Resident Customers, Private Banking Customers, HNI etc.• Monitoring and Conducting of Enhanced Due Diligence (EDD) on customers /accounts• Conduct Compliance Investigation and prepare Compliance Investigation Report based on identified Suspicious Transactions red flags. File STR for review by Directorate Compliance Manager and Chief Compliance Officer of the Bank. Show less Keeping the Bank Compliant – Ensure the bank follows CBN, NDIC, AML laws, and other financial regulations, spotting and reporting any compliance issues before they become major problems.Assessing Risks and Controls – Regularly check for credit, liquidity, operational, and market risks, making sure the bank has strong internal controls to protect its assets.Investigating Fraud – Look into suspicious transactions, fraud cases, and employee misconduct, working closely with fraud teams and, if needed, law enforcement.Auditing Operations and Finances – Review key banking processes like loan approvals, treasury operations, and financial records to ensure everything is running smoothly and by the book.Strengthening Internal Controls – Test and improve the bank’s internal control systems, making sure they can catch and prevent errors, fraud, and inefficiencies.Reporting and Recommending Improvements – Prepare clear and actionable audit reports for management and the board, helping them make informed decisions to improve the bank’s operations. Show less • Examined and evaluated all systems of internal control and recommend value-added continuous improvements to ensure that programs are delivered efficiently and effectively.• Collaborated with business units for increased education and awareness of risk and internal control identification, testing and monitoring.• Ensured compliance with laid down organizational policies and procedures, regulatory requirements and international professional standards and ethics ensuring the application of these frameworks in conducting work activities.• Prompt printing and review of Unauthorized Overdraft, TOD and other credit reports to ensure compliance with the bank's credit policy and complete recognition of our credit income.• Processing and review of credit facilities and disbursement of loan facilities at branch level.• Confirmation of invoices, PO, LPD’s and Domiciliation Letters• Review and Monitoring of expenses at branch and region level.• Quality and timely rendition of weekly/Monthly Control Activity Report, Investigation Reports and prompt, complete and accurate reporting of exceptions arising from control review functions to the Head Internal control daily.• Transaction Monitoring Review - Online real-time. To identify any suspicious transactions or unusually high volume transactions. • Review and identification of High risk customers such as PEP, DNFBP, Non-Face to Face Customer, Non Resident Customers, Private Banking Customers, HNI etc.• Review and prompt resolution of customers' complaints and Income monitoring.• Environmental Scanning and ambience Check.• Review of CCTV for effective and smooth functioning at all times. Show less

  • AML Compliance Officer

    Nov 2020 - Aug 2022

  • Internal Audit Officer

    Dec 2018 - Nov 2020

  • Compliance and Control Officer

    Nov 2015 - Nov 2018
• 

  TekSavvy Solutions Inc.

  Oct 2022 - Sept 2023

  Audit Account Manager

  • Planned and executed internal audit engagements, ensuring compliance with industry standards and regulatory requirements within the Internet service provider company.• Conducted risk assessments to identify potential areas of concern and implemented measures to mitigate risks, safeguarding the company's assets and operations.• Carry out of system checks and ensure compliance with organisational laid down procedure on customer onboard.• Audit Trail of customer transactions, review of customer’s payments.• Monitored adherence to company policies, procedures, and relevant laws, maintaining ethical standards, and promoting a culture of compliance within the organization.• Continuously reviewed and updated audit methodologies, incorporating best practices, and staying abreast of industry trends to enhance the effectiveness of the internal audit function. Show less

• 

  WFCU Credit Union

  Oct 2023 - now

  Internal Auditor

  • Internal Audit Execution• Audit Engagement Planning• AML Compliance Audit• Audit Procedures/Tests• Documentation and Control Deficiency Reporting• Risk Management, Compliance and Governance Reviews• Audit Report Preparation and Special Projects Execution• Follow-up on Prior Year Recommendations• IT Environment Review