Mayowa Olusesan
Senior Risk Consultant
Lagos
Summary
Highly motivated and results-oriented financial professional with 6 years of experience seeks a challenging senior role in risk consulting, account receivable management, internal audit, or compliance within a dynamic consulting firm, financial services company, or technology/fintech organization. Proven ability to drive process improvement, optimize credit control and receivables management, and implement effective risk management strategies. Possesses strong leadership skills, a track record of successful project implementation, and excellent interpersonal skills to build strong client relationships. Adept in financial modeling, valuation, audit, and asset verification, with a passion for leveraging these skills to enhance financial control, reporting, and risk management within a leading organization.
Overview
7
7
years of professional experience
12
12
years of post-secondary education
2
2
Certifications
2
2
Languages
Work History
Consultant| Risk Advisory| Finance
Deloitte and Touche, Nigeria
2 2024 - Current
- Demonstrated internal Audit, Control Transformation, Internal Control over Financial Reporting, Quality Assurance, Contract Compliance, and Risk Management experience across Service organizations and Professional Service firms
- Managed Internal Audit reviews, co-sourced Internal Audits, and quarterly reviews of clients in financial and non- financial institutions majorly including from planning through reporting
- Developed and reviewed team members’ audit work programs, work papers, risk and control matrices
- Managed Internal Control Over Financial Reporting (ICFR) compliance and readiness services for major holding companies, and financial and non-financial institutions
- Carried out Internal Audit Quality Assurance Reviews (QAR) for clients across financial, manufacturing, and other financial institutions
- Benchmarked client’s Internal Audit function with Deloitte’s 5P’s criteria (Purpose, Performance, Process, People & Position)
- Carried out assessment of Commercial Banks risk management functions in line with applicable standards/frameworks (COSO Risk Management, Basel, Central Bank Nigeria, etc.)
- Assessed Commercial Bank’s strategic, regulatory, legal and compliance risks as well as capital adequacy models
- Worked with Deloitte UK team in performing contract compliance review.
- Collaborated with cross-functional teams to successfully deliver comprehensive solutions for clients
- Created and developed detailed work plans to meet business priorities and deadlines
- Managed multiple deadlines across several businesses to meet dynamic needs of multiple clients
- Implemented best practices to optimize clients'' organizational performance, leading to improved operational efficiency
- Identified areas of improvement for clients'' operations, implementing targeted solutions to increase productivity
- Mentored junior consultants, fostering professional growth and building strong team dynamics
Account Supervisor (Commercial Finance)
Crown Flour Mills Ltd (Subsidiary of Olam Agri Company), Lagos, Nigeria
02.2021 - 01.2024
- Demonstrate excellent performance in managing, reporting and tracking cycle of payables, tax computation, and process improvement of automated payment system
- Automation of collection system 80% compliance level, facilitated 5 automation projects applicable to credit management and commercial finance
- Facilitated receivables management policy review and provide support to ensure prompt resolution of pending customer’s receipt in efficient and timely manner
- Ensured prompt filing of returns and zero penalties/fines from tax authorities
- Managed full accounts payable (PTP) cycle from receipt of invoices to payment; including coding invoices, matching purchase orders, and invoice verification
- Computation and Filing of Statutory Obligations (NHF, NSITF, WHT, VAT, CIT)
- Verify and maintain accounts receivable invoice records, sales and cost of sales reports, open and ageing reports, and journals
- Report on Aged Receivables plus other ad hoc reporting where applicable; Ensure credit and collection policies and procedures are adhered with
- Reconcile processed work by verifying entries and comparing system reports to balances
- Continued improvement of collection process; Monitor overdue accounts and report any payment issues to management or appropriate unit
- Monitored debtor balances to ensure reduction in debtors DSO/monitor receivable statements and identify ways to improve debt collection processes
- System experience dealing with order to cash (OTC) process
- Month end closure for sales reporting and analysis
Internal Audit Control Officer
Guaranty Trust Bank Ltd, Lagos, Nigeria
05.2019 - 01.2021
- Performed exceptionally in collecting data, executing control tests in operations process, and preparing reports from spot audit and recommendations for process improvement
- Resolved customers’ complaint escalated as it relates to fraud, privacy breach, compliance breach and regulatory requests
- Oversaw the compliance level of about 15 branches on the laid down statutory and internal policies, whilst monitoring for any deviations
- Provided robust technical support for the transactions and customer service group
- Evaluate compliance with existing policies and procedures, identifying and proposing modifications as needed
- Deliver adequate and timely action plans and monitor progress to address and resolve identified control deficiencies
- Collaborate with business and process owners to implement and monitor remedial actions that result from internal control audits, and drive the effective implementation of corrective actions
- KYC and AML/CFT transaction monitoring
- General ledgers reconciliation and settlement
- Monitor and ensure all system user account/privileges are approved with proper system access parameters in line with their respective level of information access for their job functions
- Conduct periodic reviews of the effectiveness of the internal control system to ensure the integrity of the operations system, improve them and propose value-added recommendations.
- Monitored and reported on aligned group risk concentration, identifying current and emerging risk, assessing risk appetite and facilitating business dialogue.
- Ensured timely resolution of identified issues by coordinating efforts between various stakeholders
- Reviewed internal controls documentation, evaluating adequacy and suggesting improvements where necessary
- Understood risk framework, business policies and available programs, translating into plans for business growth, risk management and threat mitigation
- Conducted periodical reviews on control systems to maintain robustness against emerging risks
- Reduced operational risks through proactive identification and mitigation of potential issues
- Maintained up-to-date knowledge about relevant laws, regulations, and industry trends affecting organizational controls
Audit Intern
Samuel Adebayo & Co. (Chartered Accountants), Otta, Ogun, Nigeria
11.2018 - 04.2019
- Tax analysis and filing
- Asset verification and vouching
- Reviewing organization's financial systems
- Carried out audit assignments as assigned from time to time
- Prepared working papers according to International Financial Reporting Standards.
Audit Intern
Adeyinka Gbegudu & Co. (Chartered Accountants), Ondo, Nigeria
12.2017 - 09.2018
- Tax analysis and filing
- Asset verification and vouching
- Assist in performing audit of a top government institution on various sections of income statement such as: sales, cost of sales, operating expenses, salaries and wages
- Assisted in performing audit of certain areas within balance sheet sections such as: Additions in fixed assets, debtors’ circularization, stock counts, bank & cash
- Prepared working papers according to International Financial Reporting Standards.
Education
Master of Science - Accounting
University of Lagos
Lagos, LA 10.2020 - Current
Bachelor of Science - Accounting
University of Ilorin
Ilorin, KW 09.2013 - 09.2017
Ordinary National Diploma - Accountancy
Yaba College of Technology
Lagos, LA 12.2011 - 12.2015
Skills
Microsoft Office Suite
Statistical Package for Social Sciences (SPSS)
Systems, Applications & Products in Data Processing (SAP)_FICO Module
Power BI
Accomplishments
- Achieved additional 20% compliance level to auto collection
- Identified about 80% unutilised & unidentified customer’s fund
- Facilitated the introduction of a comprehensive report guidelines in the internal control department
- Implemented new KYC policy for customer onboarding/registration
Affiliations
- Associate Member| Institute of Chartered Accountants of Nigeria
- Associate Member| Association of Accounting Technicians West Africa
Area Of Expertise
- Process improvement and product costing
- Credit control and receivables management
- Financial modelling and valuation
- Audit and Asset Verification
- Sales Commercial Finance
- Internal Audit and Control
- Risk Management
Volunteer Experience
Independent Monitor| World Health Organisation National Immunization Plus Days (2018), Owena, Ondo, Nigeria
Certification
Associate Chartered Accountant (ACA)
Timeline
Account Supervisor (Commercial Finance)
Crown Flour Mills Ltd (Subsidiary of Olam Agri Company), Lagos, Nigeria
02.2021 - 01.2024
Master of Science - Accounting
University of Lagos
10.2020 - Current
Associate Chartered Accountant (ACA)
05-2019
Internal Audit Control Officer
Guaranty Trust Bank Ltd, Lagos, Nigeria
05.2019 - 01.2021
Audit Intern
Samuel Adebayo & Co. (Chartered Accountants), Otta, Ogun, Nigeria
11.2018 - 04.2019
Audit Intern
Adeyinka Gbegudu & Co. (Chartered Accountants), Ondo, Nigeria
12.2017 - 09.2018
Associate Accounting Technician (AAT)
12-2015
Bachelor of Science - Accounting
University of Ilorin
09.2013 - 09.2017
Ordinary National Diploma - Accountancy
Yaba College of Technology
12.2011 - 12.2015
Consultant| Risk Advisory| Finance
Deloitte and Touche, Nigeria
2 2024 - Current
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