Kola Olomu
Risk Manager
Lagos,Lagos
Summary
Highly motivated and dedicated professional seeking to contribute best talents to esteemed organization, driving continuous growth and success in industry. Known for exceptional organizational skills and ability to effectively manage multiple priorities. Consistently maintains positive attitude while delivering results. Always willing to go the extra mile and take on additional responsibilities to support the team and achieve collective goals.
Overview
20
20
years of professional experience
2018
2018
years of post-secondary education
8
8
Certifications
Work History
Head, Enterprise Risk and Internal Control
Cititrust Asset Management Limited
12.2020 - Current
- Develop Enterprise Risk Management Policy in Compliance with Regulatory Requirements (ISO 31000)
- Develop Risk Management Controls
- Evaluate the gravity of each Risk identified on the course of the business by considering its consequences
- Create contingency plans to manage identified Risk encountered on the course of day-to-day activities
- Develop and continuous updating of Risk Register
- Develop Organization Risk Profile
- Report on any risks identified in day-to-day activities to management on monthly and Board on Quarterly basis
- Audit processes and procedures
- Evaluate existing policies and procedures to find weaknesses
- Carrying out compliance Audit in various Location and ensure implementation of Audit Exceptions
- Substantive review of Management Account to ensure to validate entries posted
- Review of Term Deposit to ensure investments are booked with agreed terms and conditions
- Daily call over to ensure early detection of transaction errors
- Ensure the Company complies with minimum regulatory requirements
- Ensure compliance with the existing policies
- Ensuring cost management
Team Lead, Internal Audit and Compliance
Cititrust Financial Services Limited
09.2019 - 11.2020
- Develop Annual Audit Plan
- Carry out Audit of subsidiaries to test the effectiveness of internal control system put in place
- Communicate Audit findings to Management
- Follow up on Audit exceptions to ensure resolution
- Ensuring the institution conducts its business in accordance with all regulations
- Communicating compliance related issues to management
- Ensure compliance with internal Policies
- Review of Loan documentation to ensure all Conditions precedent to draw down are meet before disbursement
- Review of loan disbursed to ensure daily/Monthly adherent to repayment plan
- Ensure Compliance with the Corporate Governance
Internal Auditor
Heritage Bank Plc
08.2015 - 05.2019
- Carry out risk assessment of all the experience centers (branches) to ascertain their risk classifications
- Preparation of Audit plan and budget and ensure implementation of the plan as schedule
- Preparation of Audit Term of Reference against Audit visit
- Evaluate the adequacy and effectiveness of the Internal Control System of Experience Centers (Branches)
- Carry out regular review of the operations of Experience Centers to detect fraud and prevent frauds, errors, and other irregularities
- Branch Credit risk management review - Risk portfolio analysis and trigger of underlying deviations from statutory yardstick and guidelines
- Review of Branches General Ledger
- Review of Account Opening Documentation to Ensuring Due Diligence and Compliance with KYC Guideline es
- Check that all other transactions of the Experience Centers follow management policies and are consistently applied
- Check those regulatory requirements relevant to Experience Centers are consistently complied
- Check that all expenses of Experience Centers have been properly captured and reported
- Conducts risk assessments and identifies controls in place to mitigate identified risks
- Identifies control gaps and opportunities for improvement
- Review of politically exposed persons (PEPS), financial exposed person (FEP) and due diligence renditions as compiled by Compliance Unit of Internal Controls Group
- Analyzing and interpretation of branch financial performance
- Analyses and concludes on effectiveness and efficiency of control environment
- Documents the results of audit work in accordance with Audit department and the Institute of Internal Auditors (IIA) standards
- Prepares timely audit reports for Executive Management, the Board Audit Committee and the Board of Directors
Application Support Information Technology
Enterprise Bank Limited
10.2013 - 08.2015
- Manage the E-Banking platform
- Provide first level support to users on the E-Banking platform
- Liaise with vendors on issues and maintenance relating to the platform
- Monitoring and ensuring up-time of ATMs
- Providing support to all regions about ATM Deployment
- Ensuring that all challenges about ATMs are promptly escalated and resolved
Regional Support, Information Technology
Springbank Plc
06.2006 - 09.2013
- First-tier user support on all bank's application
- First-tier user Support on core Banking Software (Finacle)
- Supporting all desktop IT Services
- Network Administration
- Maintenance and repair of Inverter/ UPS
- Maintenance and repair of computer (Desktop/Laptop)
- Installation of bank approved software
- Perform routine backups & archival of files to aid with disaster recovery
- Escalating and identify any critical issues
Regional Support, Information Technology
Omega Bank Plc
11.2004 - 05.2006
- User Support on Bank's core Application (Globus)
- Developing of Report generator
- Printing Statement of Account
- Daily generating/printing of Transactional Journals
- Link Monitoring
- Maintenance of account codes and ledger
- Micring and Cheque issuance
- Rectifying Differences and Un-assign in General Ledger and Profit and Loss Ledgers
- Back office operations
- Tellering Operations
- Maintenance and repair of Computers
Education
Master - Business Administration
Ekiti State University
Bachelor - Science, Accounting
University of Ado Ekiti
Electrical Electronic - undefined
Lagos State Polytechnic
Senior Secondary School Certificate Examination - undefined
Oke Ira Grammar School, Ogba-Aguda
Skills
Audit Control Language (ACL)
WORD
EXCEL
POWER POINT
database analysis techniques
professional standards
computer hardware
applicable software
Microsoft Office Suite
Certification
Chartered Risk Manager, Chartered Risk Management Institute of Nigeria, In view
Personal Information
- Date of Birth: 02/22/82
- Nationality: Nigerian
Activities
- Staying informed
- Travelling
- Listening to Music
Timeline
Head, Enterprise Risk and Internal Control
Cititrust Asset Management Limited
12.2020 - Current
Team Lead, Internal Audit and Compliance
Cititrust Financial Services Limited
09.2019 - 11.2020
Internal Auditor
Heritage Bank Plc
08.2015 - 05.2019
Application Support Information Technology
Enterprise Bank Limited
10.2013 - 08.2015
Regional Support, Information Technology
Springbank Plc
06.2006 - 09.2013
Regional Support, Information Technology
Omega Bank Plc
11.2004 - 05.2006
Bachelor - Science, Accounting
University of Ado Ekiti
Electrical Electronic - undefined
Lagos State Polytechnic
Senior Secondary School Certificate Examination - undefined
Oke Ira Grammar School, Ogba-Aguda
Master - Business Administration
Ekiti State University