KAREEM AKEEM ADEBAYO
BANKING
Ilorin
Summary
A thorough articulate, a team player in a dynamic and most challenging environment where my innate ability and experience will be judiciously used, with a degree in Accounting (2.2) and Eleven (17) years of experience in financial service sector. My current work area focusing on internal control system, Compliance risk, risk management, as well as produce reports for senior management. Demonstrate clever analytical and smart negotiation skills, as well as sound regulatory awareness, and now seeking a new challenging role to demonstrate my ability, and this has helped me to explore myself fully and realize my potential.
Overview
19
19
years of professional experience
12
12
Certifications
1
1
Language
Work History
Cluster Compliance Officer
JAIZ BANK Plc
10.2019 - Current
- Implement AML/CFT laws, other applicable laws, CBN AML/CT Regulations and international best practice documents.
- Reinforce compliance publications, directives, guidelines to ensure a robust compliance culture.
- Provide guidance on new guide to Account opening with respect to customer’s on-boarding, KYC/customer due diligence (CDD), compliance counselling, advisory and decision support service to front office staff in relation to AML/CFT and compliance related issues
- Monitor and report developments, general awareness on topical and relevant issues that could result in reputational risks to the bank.
- Identify potential areas of compliance vulnerability and risk within the Cluster and escalate promptly to the Chief Compliance Officers.
- Ensure that accounts placed on PND by reason of incomplete documentations are not indiscriminately lifted unless such documentation deficiencies have been regularized.
- Drive KYC in every customer’s account and take necessary steps to improve status of documentation on old and existing accounts.
- Follow-up and ensure timely resolution of audit exceptions raised by the regulators and Internal Audit Team that relate to the branches within the cluster.
- Review accounts to ensure that all PEPs accounts in the cluster are properly documented, have senior management’s approval, customer risk assessment form and account properly coded on the core banking application.
- Organize and participate in the knowledge sharing sessions (KSS) on AML/CFT compliance and other scheduled training.
- Ensure follow up with Regulatory and other statutory Examiner’s Reports involving the branches.
- Ensure that deferred documents are regularized within the approved timeline
- To ensure that all the observed account opening irregularities and inadequate KYC documentation are reported to CCO promptly and are regularized as soon as possible.
- To monitor Customer identification and verification processes; including screening on SoftAML and Dud cheque Database before on-boarding Customers, as provided by CBN Guideline.
- Ensure prompt response to requests made by Law Enforcement Agencies (LEAs) and other Regulatory Authorities immediately and where there are challenges especially with retrieving of documents, promptly notify the CCO or any designated officer for further actions.
- Represent the Bank in dealing with LEAs in your Cluster Zone and develop an open relationship with them.
- Submit monthly compliance report to CCO or to any designated officer within 2 working days of the following month.
- Prepare and carry out compliance check on each Branch in the Cluster at least once in a quarter and submits Report to CCO within 7 days of completing the assignment.
- Analyze and evaluate transaction-alerts (generated from transaction threshold), for Suspicious Transaction and reports to CCO within 24 hours for any suspicious/unusual transaction.
- Ensure that Operations staff within the Cluster region are familiar with the monitoring, detection and reporting procedures.
- Participate in facilitating Anti- Money Laundering and KYC related Trainings and Workshops when the need arises.
- To provide proper and prompt advice to Management on the state of documents-storage system in the Branches under your purview.
- To ensure that a copy of Jaiz Bank’s License, registration certificate, Financial statements, Functional Profit Rate Board, Money Laundering Reporting Notices, Dud Cheque Notice and NDIC Sticker are conspicuously displayed in the banking hall of all the Branches under your supervision.
- To ensure that the Branches render monthly Returns of new Accounts & other remittances to the relevant Tax Authorities.
- Keep abreast of regulatory development and best practices in compliance and risk management
- Provide advice and leadership to stakeholders on compliance issues and train cross-functional teams.
- Draft, modify, and implement relevant company policies and procedures.
- Develop and oversee control systems to prevent or address legal and policy violations
- Manage daily compliance programs, including effective KYC/AML/CFT processes.
- Enhance risk-based customer identification, due diligence, AML monitoring, and monitoring.
- Prepare compliance and risk reports for the Board, senior management, and regulators.
- Advise management and business partners on the implementation of the compliance program.
- Ensure incidents are handled and actioned appropriately
- Assess products and services to identify compliance risks and propose controls
- Identify potential risks across finance, operations, and security.
- Evaluate risk likelihood and impact using quantitative and qualitative methods
- Develop and implement risk mitigation strategies and contingency plans.
- Create and enforce risk management policies and procedures.
- Monitor and report on the effectiveness of risk management strategies.
- Collaborate with department to address risks in their operations.
- Provide staff training on risk management best practices.
- Review marketing materials for legal compliance.
- Promote and maintain a risk-based culture across the organization.
- Monitor implementation of corrective plan
Internal Control Officer
JAIZ BANK Plc
06.2018 - Current
- Conduct detailed vault cash count (NGN & FCY) to ensure that the physical cash agrees with the GL balance at all time, and report any observed exception, if any
- Conduct detailed ATM cash count (Onsite & offsite) and ensure the physical cash agrees with system balance.
- Review vault cash register (NGN & FCY) to ensure all cash movement IN and OUT are duly recorded and the custodian signed off the registers.
- Review vault movement register to check if custodian and any staff sign the register before accessing the vault.
- Review the call over register to ascertain if first level call over is done appropriately and exceptions documented by the processors.
- Review cash deposit register and verify that depositors duly signed the registers, and the bulk tellers always adhere to their limit set by the Bank.
- Review the procedure for cash adoption by the Tellers and cash officers and verify if all parties signed off the register.
- Review of asset declaration register and verify if all cash handlers such as (Tellers, Bulk Tellers etc) surrendered their belongings during working hours.
- Review excess cash approval file to verify if insurance is sought for all excess COP
- Review of vault key movement register to ensure that any change of keys custodianship is duly registered and all parties signed off accordingly.
- Review ATM cash register and ensure that every cash load is register and authorized, offload is done for each loading circle.
- Review ATM room movement register to ensure that only authorized personnel access the ATM room and every movement is documented.
- Review of ATM trapped cards register and ensure all trapped cards are registered and perforated in line with CBN guideline.
- Review of account opening documentations for adequacy and report exceptions
- Review cheque book issuance register and ensure policy procedures is adhered before issuing cheques to customer and third parties.
- Review schedule of cheques received for completeness
- Review cheque request file and ensure all cheque production are duly authorized
- Review of uncollected chequebook and ensure stale cheques are scheduled for destruction and duly destroyed upon approval.
- Review of ATM stock register and reconcile the stock received from head office
- Review of account closure file and ensure that all closed accounts are in line with policy
- Review of reactivation file and ensure that accounts reactivated are in line with the Bank policy and procedures.
- Review counter cheque register, signature confirmation file, Bank reference file, Stop order file customer instruction’s file, and Off cycle statement of account request/register.
- Review of internet banking application file, i.e Token register.
- Review of GL posting to ensure the integrity of all posting
- Review of branch suspense and transit GL to ensure that all inter departmental transactions are treated timely and posted to the correct account.
- Review of JTD files and ensure customers applications are treated promptly and comply with customer’s instructions.
- Review call memo for optimization of relationship officers and report exceptions.
- Review of facility files processed at branch and ensure full documentation, charges due to the Bank are duly taken.
Corporate Audit and Compliance, Cluster Monitoring Officer, Internal Audit, Cluster Control Officer, Area Control Officer and Regional Internal Control Officer
UNITED BANK FOR AFRICA Plc (UBA)
07.2007 - 05.2018
- Carry out spot checks and review of activities in the offices under purview: cash count and vault administration, Cash management centre review, Review of CMC-vault, funds transfer, Clearing cheque truncation processing, Treasury and Investment products, counter cheque and cheque administration process.
- Review of Inter Bank, Intra Bank Transaction (NEFT, NIP, RTGS, Salary Upload) Fund transfer Activities, Regulatory and compliance issue, ISO 9001:2000 as well as On-line Transactions.
- Daily call over of transaction tickets/instruments as per approved threshold, System exception override message report, Mandate modification or static data details, General ledger/profit & loss movement report, Invalid cheque book exception report, Conduct seriality check/test on manager cheque/Bank draft and suspense/transit/proxy accounts.
- Expense and cash advances and ensure conformity with laid-down policies, ATM Debit and Credit cards administration process and POS review exercise other E-channel products (U-direct, U-mobile, E-statement),Physical token (Secure pass), ATM Reconciliation and difference report.
- Review of FX i.e Cross currency & BDC vis-à-vis (Personal Travel Allowance- PTA) and (Business Travel Allowance), Review of Foreign Exchange Transactions- Form A and Form M, FCY (Remittance) Domiciliary Account (Outflow), FCY Inflows/Inwards and Outflows/Outward Transfers and Accounts with unscanned/duplicate mandates, Review of Collections (PAYE,WHT, FIRS)
- Review of Corporate, Enterprise, Sole proprietorship, Current, Saving and Deposit accounts including retail product to ensure compliance with KYC policy and account closure, account reactivation and account transfer in terms of adherence to policies & procedures.
- Review of availed credit Transaction, loans, Overdrafts & Temporary overdraft TOD to ensure proper approval and operation in line with credit approval.
- Review of account proofs and ensure open items were supported by cogent explanations and closed out as at when due. Also, ensuring entries in the GL accounts are accurate as supported by genuine instruments.
- Detection of income leakages for immediate recovery by the responsible units not exceeding the advice TAT
- Review of expenses and cash advances to ensure conformity with laid-down policies
- Promptness and accurate rendition of all control activity reports within an agreed timeline
- Review of stores, fixed assets maintenance, security gadgets and physical review at all times, Premises and Environmental Scanning and brand management review, mailing control activities review.
- Monitored employee activities, confirming compliance with security regulations.
Education
BSc (Hons) - Accounting
Ekiti-State University
Ado-Ekiti, Nigeria01.2012
National Diploma - Accountancy
Kwara-State Polytechnic
Ilorin01.2004
General Examination Council (WAEC) - undefined
01.2002
Senior School Certificate Examination - undefined
01.2000
Skills
Finacle 70 and 10 Software, IMAL 12 and R141 for Islamic Bank Software, Suspicious Transaction Reporting platform, Soft AML new application platform, MS-words, MS-Excel, Microsoft outlook, power point, World checks software and host of others
Auditing processes
Risk management
Compliance monitoring
Internal controls
Compliance reviews
Documentation review
Regulations enforcement
Internal audits
Compliance procedures
Compliance reporting
Risk assessment
Risk mitigation
Risk identification
Problem-solving abilities
Analytical thinking
Compliance training
SOP development
Records management
Policy enforcement
Professionalism
Accomplishments
- Achieved [Result] by completing [Task] with accuracy and efficiency.
- Achieved [Result] through effectively helping with [Task].
- Documented and resolved [Issue] which led to [Results].
Additional Information
Highly motivated and results-driven professional with excellent communication skills. proficient in Microsoft Office Suite and Google Workspace. Strong team player with experience in project management and problem-solving.
Certification
Basic Banking Operation powered by CENTENNIAL CAPITAL LIMITED
Interests
Watching Football, Meeting new people and travelling
Timeline
Cluster Compliance Officer
JAIZ BANK Plc
10.2019 - Current
Internal Control Officer
JAIZ BANK Plc
06.2018 - Current
Corporate Audit and Compliance, Cluster Monitoring Officer, Internal Audit, Cluster Control Officer, Area Control Officer and Regional Internal Control Officer
UNITED BANK FOR AFRICA Plc (UBA)
07.2007 - 05.2018
National Diploma - Accountancy
Kwara-State Polytechnic
General Examination Council (WAEC) - undefined
Senior School Certificate Examination - undefined
BSc (Hons) - Accounting
Ekiti-State University
Areas of Expertise
- Regulatory Compliance
- Risk Management
- Internal Control system
- Corporate finance
Football and travelling
Passionate about football and travelling. proven team players with leadership experience from captaining local football teams. Enjoy exploring new cultures, trying local cuisine, and learning languages. Brings discipline, teamwork, and adaptability to professional settings