Ada Ogbeyi
Lagos
Summary
I am an experienced professional with extensive experience in operations and assurance functions. I possess excellent interpersonal and communication skills, with an ability to work well in teams to achieve set goals.
Core Skills
Regulatory Compliance Multi-Tasking Communication & Collaboration
Risk Assessment Data Cleansing & Transformation Attention to Detail
Policy Development Trend & Pattern Identification Critical Thinking
Compliance Audits Problem Solving Time Management
Overview
28
28
years of professional experience
1
1
Certification
Work History
Lead, Compliance Governance & Learning
United Bank for Africa Plc
Nigeria
01.2021 - Current
- Identify, assess, analyse and measure all risks relating to products, processes and systems such as review proposals/new product papers and highlight possible risk areas for corrective/ to be put in place
- Conduct annual risk assessment on products in line with the Financial Intelligence Unit (NFIU) National Risk Assessment
- Conduct enhanced due diligence on all high risk customers
- Ensure that the Know-Your-Customer KYC due diligence is carried out for high risk accounts/relationships and the KYC concepts are understood by the business teams with regards to customer risk rating
- Conduct Third Party Due Diligence on Fintechs, International Money Transfer Operators, Web Business & other requests for interface with the Bank’s core banking application
- Transaction Monitoring-Investigate and clear transactions identified against specified watch lists
- Investigate critical transaction alerts and recommend next line of action
- Respond to enquiries on the Compliance helpdesk and advisory platforms
- Develop and deliver training for employees on Money Laundering, Financing of Terrorism & Proliferation Financing and other compliance topics
- Publish sensitization memos to staff on compliance and governance issues
- Review of policies (Code of Professional Conduct & Ethics Know Your Customer Policy, Anti-Bribery & Corruption Policy, Anti-Money Laundering Policy) to ensure that they reflect current regulatory requirements and reflect international best practice at all times
- Monitor new regulatory/sanctions pronouncements from the Central Bank, Financial Intelligence Unit (NFIU), Office of Foreign Assets Control (OFAC) and adherence by the relevant stakeholders and ensure updating of the sanctions watch list database
- Conduct spot checks to ensure responsible units comply with the provisions of new circulars/regulatory guidelines
- Conduct risk control self-assessment on the compliance program to determine effectiveness and make changes where necessary
- Render the Annual Foreign Account Tax Compliance Act (FATCA) to the United States Internal Revenue Service (US IRS) and work with the Tax Management team for the rendition of the Common Reporting Standard (CRS) report
- Render regulatory reports
- Achievements: Completed automation of the Rulebook, a platform for hoisting regulatory circulars and monitoring rendition of regulatory reports
- Worked with colleagues to complete the automation of review and approval of KYC documents for high risk accounts.
Country Head, Internal Audit
United Bank for Africa Ltd
Abidjan
09.2017 - 12.2020
- Present to the Board during its quarterly meetings, the status of reviews conducted, major findings and their risk implications, new regulation introduced; their anticipated effect on business and level of compliance
- Report on the extent of closure of observations raised and notify the Board of any Regulatory breaches and Investigations
- Conduct audits of all units including the businesses at least once in a financial year in line with the audit plan approved by the Audit Committee of the Board
- Conduct investigations into policy breaches and fraud cases
- Lead the monitoring of system-wide implementation of corrective actions resulting from identified risks
- Ensure safety and quality review implemented controls and processes are consistently and appropriately followed
- Manage the whistle-blowing e-mail box and telephone lines which staff and external stakeholders can report suspicious unethical behaviour, respond to e-mails and telephone calls received and follow tips for further investigation
- Engage in policy formulation with process owners and drafting policy manuals and guidelines by participating in the review of internal policies for amendments where necessary, ensuring that risks associated with each function are taken into consideration
- Evaluate the proposed impact of new regulation/policies on operations and performance
- Provide guidance to process owners on compliance with policies & procedures
- Analyse reports and highlight trends and issues for management attention
- Achievements: Zero frauds were recorded during my tenure as Country Head-Internal Audit
- Completed capacity building during my tenure as Country Head-Internal Audit, UBA Cote d’Ivoire by training the Audit team on policies and procedures for them to function independently before my return to Nigeria.
Team Lead, Subsidiary Audit
United Bank for Africa Plc
Lagos
08.2014 - 08.2017
- I led a team to review the operational and business performances of the subsidiaries in the African countries where the Bank operates on an annual basis
- Review the economic outlook for each country and industry analysis to Identify areas of weakness and strength with recommendations on how the subsidiary can leverage on the strengths & achieve its strategic objectives
- Assess the country risk and other associated risks and recommend mitigants to these risks and highlight for executive management’s use in classifying the subsidiary in the corporate structure
- Review processes identify gaps and make recommendations on process improvements, engage in policy formulation with process owners and drafting policy manuals and guidelines
- Measure the achievement of the subsidiary’s strategic objectives in line with Group’s objectives
- Review the adequacy of corporate governance in the subsidiary.
Head, Cost Control & Value for Money (Internal Control)
United Bank for Africa Plc
Lagos
07.2013 - 07.2014
- I led a team of 6 and our role was to review and approve proposed costs and ensure best value is obtained for procurements, construction projects, staff resourcing and process efficiency
- Ensuring that staff employed matched expected roles that staff remuneration and allowances were paid correctly, ensuring disciplinary sanctions were applied and overseeing the document management system of the organization.
Team Member, Cost Control & Value for Money
United Bank for Africa Plc
Lagos
11.2012 - 06.2013
Team Member/Team Lead, Business Office Audit
United Bank for Africa Plc
Lagos
08.2006 - 10.2012
- I reviewed the operational and business performances of the bank's branches on an annual basis set against the budgets advised in each financial year as well ensure that systems and processes in place are adequate based on International Standards Organisation ISO 9001 standards to ensure efficiency.
Team Member, Business Office Audit
United Bank for Africa Plc
Lagos
08.2006 - 10.2012
- I reviewed the operational and business performances of the bank's branches on an annual basis set against the budgets advised in each financial year as well ensure that systems and processes in place are adequate based on International Standards Organisation ISO 9001 standards to ensure efficiency.
Team Member/Team Lead, Business Office Audit
United Bank for Africa Plc
Lagos
08.2006 - 10.2012
- I reviewed the operational and business performances of the bank's branches on an annual basis set against the budgets advised in each financial year as well ensure that systems and processes in place are adequate based on International Standards Organisation ISO 9001 standards to ensure efficiency.
Team Member, Business Office Audit
United Bank for Africa Plc
Lagos
08.2006 - 10.2012
- I reviewed the operational and business performances of the bank's branches on an annual basis set against the budgets advised in each financial year as well ensure that systems and processes in place are adequate based on International Standards Organisation ISO 9001 standards to ensure efficiency.
Compliance Officer
United Bank for Africa Plc
Lagos
02.2006 - 08.2006
- I was responsible for determining the Bank’s regulatory compliance level against local and international Anti-Money Laundering regulation, Measuring the Know Your Customer (KYC) compliance level on customers with international best practice principles
- Developing & implementing the Bank’s KYC compliance manual
- Develop and administer KYC questionnaires to prospective correspondent banking institutions
- Respond to enquiries from the Economic & Financial Crimes Commission (EFCC) and National Drug Law Enforcement Agency (NDLEA)
- Highlight and monitor Financially & Politically Exposed Persons
- Review and monitor accounts of Non-Governmental Organisations & other accounts that have huge foreign currency inflows.
Compliance Officer
United Bank for Africa Plc
Lagos
02.2006 - 08.2006
- I was responsible for determining the Bank’s regulatory compliance level against local and international Anti-Money Laundering regulation, Measuring the Know Your Customer (KYC) compliance level on customers with international best practice principles
- Developing & implementing the Bank’s KYC compliance manual
- Develop and administer KYC questionnaires to prospective correspondent banking institutions
- Respond to enquiries from the Economic & Financial Crimes Commission (EFCC) and National Drug Law Enforcement Agency (NDLEA)
- Highlight and monitor Financially & Politically Exposed Persons
- Review and monitor accounts of Non-Governmental Organisations & other accounts that have huge foreign currency inflows.
Compliance Officer
United Bank for Africa Plc
Lagos
02.2006 - 08.2006
- I was responsible for determining the Bank’s regulatory compliance level against local and international Anti-Money Laundering regulation, Measuring the Know Your Customer (KYC) compliance level on customers with international best practice principles
- Developing & implementing the Bank’s KYC compliance manual
- Develop and administer KYC questionnaires to prospective correspondent banking institutions
- Respond to enquiries from the Economic & Financial Crimes Commission (EFCC) and National Drug Law Enforcement Agency (NDLEA)
- Highlight and monitor Financially & Politically Exposed Persons
- Review and monitor accounts of Non-Governmental Organisations & other accounts that have huge foreign currency inflows.
Compliance Officer
United Bank for Africa Plc
Lagos
02.2006 - 08.2006
- I was responsible for determining the Bank’s regulatory compliance level against local and international Anti-Money Laundering regulation, Measuring the Know Your Customer (KYC) compliance level on customers with international best practice principles
- Developing & implementing the Bank’s KYC compliance manual
- Develop and administer KYC questionnaires to prospective correspondent banking institutions
- Respond to enquiries from the Economic & Financial Crimes Commission (EFCC) and National Drug Law Enforcement Agency (NDLEA)
- Highlight and monitor Financially & Politically Exposed Persons
- Review and monitor accounts of Non-Governmental Organisations & other accounts that have huge foreign currency inflows.
Resident Internal Control Officer
Continental Trust Bank Ltd
Lagos
01.2005 - 01.2006
- I was responsible for implementing policies for fraud control and prevention, reconciliation of the bank’s foreign (offshore) bank accounts, ensuring that internal policies were adhered to and that the bank’s assets were safeguarded.
Resident Internal Control Officer
Continental Trust Bank Ltd
Lagos
01.2005 - 01.2006
- I was responsible for implementing policies for fraud control and prevention, reconciliation of the bank’s foreign (offshore) bank accounts, ensuring that internal policies were adhered to and that the bank’s assets were safeguarded.
Resident Internal Control Officer
Continental Trust Bank Ltd
Lagos
01.2005 - 01.2006
- I was responsible for implementing policies for fraud control and prevention, reconciliation of the bank’s foreign (offshore) bank accounts, ensuring that internal policies were adhered to and that the bank’s assets were safeguarded.
Resident Internal Control Officer
Continental Trust Bank Ltd
Lagos
01.2005 - 01.2006
- I was responsible for implementing policies for fraud control and prevention, reconciliation of the bank’s foreign (offshore) bank accounts, ensuring that internal policies were adhered to and that the bank’s assets were safeguarded.
Operations Manager and others (Head, Funds Transfer, Head, Customer Service etc.)
Habib Nigeria Bank Ltd
12.1999 - 12.2004
Operations Manager and others (Head, Funds Transfer, Head, Customer Service etc.)
Habib Nigeria Bank Ltd
12.1999 - 12.2004
Accountant II
Nigerian Defence Academy
Kaduna
10.1996 - 04.1997
Operations Manager and others (Head, Funds Transfer, Head, Customer Service etc.)
Habib Nigeria Bank Ltd
Education
B.Sc. - Accounting
University of Jos
Nigeria01.1995
Skills
- Regulatory Compliance
- Multi-Tasking
- Communication & Collaboration
- Risk Assessment
- Data Cleansing & Transformation
- Attention to Detail
- Policy Development
- Trend & Pattern Identification
- Critical Thinking
- Compliance Audits
- Problem Solving
- Time Management
Affiliations
- Association of Certified Anti-Money Laundering Specialists (ACAMS)
- Compliance Institute of Nigeria (CIN)
- Professional Evaluation and Certification Board (PECB)
Certification
- Certified Anti-Money Laundering Specialist (CAMS)
- ISO 22301 Business Continuity Management System-Lead Auditor
Languages
- English (Proficient)
- French (Basic)
Awards
- Letter of Commendation from Habib Nigeria Bank Limited for foiling an attempted fraud (1998).
- Letter of commendation from UBA Plc. on being part of the internal ISO audit team that worked on the bank obtaining the ISO 9001:2000 certification (2009).
References
Available on request
Volunteer Experience
Member, Programs Committee of the Compliance Institute of Nigeria.
Timeline
Lead, Compliance Governance & Learning
United Bank for Africa Plc
01.2021 - Current
Country Head, Internal Audit
United Bank for Africa Ltd
09.2017 - 12.2020
Team Lead, Subsidiary Audit
United Bank for Africa Plc
08.2014 - 08.2017
Head, Cost Control & Value for Money (Internal Control)
United Bank for Africa Plc
07.2013 - 07.2014
Team Member, Cost Control & Value for Money
United Bank for Africa Plc
11.2012 - 06.2013
Team Member/Team Lead, Business Office Audit
United Bank for Africa Plc
08.2006 - 10.2012
Team Member, Business Office Audit
United Bank for Africa Plc
08.2006 - 10.2012
Team Member/Team Lead, Business Office Audit
United Bank for Africa Plc
08.2006 - 10.2012
Team Member, Business Office Audit
United Bank for Africa Plc
08.2006 - 10.2012
Compliance Officer
United Bank for Africa Plc
02.2006 - 08.2006
Compliance Officer
United Bank for Africa Plc
02.2006 - 08.2006
Compliance Officer
United Bank for Africa Plc
02.2006 - 08.2006
Compliance Officer
United Bank for Africa Plc
02.2006 - 08.2006
Resident Internal Control Officer
Continental Trust Bank Ltd
01.2005 - 01.2006
Resident Internal Control Officer
Continental Trust Bank Ltd
01.2005 - 01.2006
Resident Internal Control Officer
Continental Trust Bank Ltd
01.2005 - 01.2006
Resident Internal Control Officer
Continental Trust Bank Ltd
01.2005 - 01.2006
Operations Manager and others (Head, Funds Transfer, Head, Customer Service etc.)
Habib Nigeria Bank Ltd
12.1999 - 12.2004
Operations Manager and others (Head, Funds Transfer, Head, Customer Service etc.)
Habib Nigeria Bank Ltd
12.1999 - 12.2004
Accountant II
Nigerian Defence Academy
10.1996 - 04.1997
Operations Manager and others (Head, Funds Transfer, Head, Customer Service etc.)
Habib Nigeria Bank Ltd
B.Sc. - Accounting
University of Jos
- Certified Anti-Money Laundering Specialist (CAMS)
- ISO 22301 Business Continuity Management System-Lead Auditor
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