Oluwarinumi Olawale
Berger, Lagos,Niger State
Summary
Experienced and driven Compliance Manager with a proven track record of helping to lead companies by ensuring complete compliance with all rules and regulations through excellent communication skills, team building, while keeping strong ethics and standards as the highest goals, couple with a superior knowledge of compliance laws and regulations.
Overview
21
21
years of professional experience
1
1
Certificate
Work history
Chief Compliance Manager/Administration
Wealthbridge Financial Services Limited
Lagos, Nigeria
2023.06 - Current
- Managing 10 staffs and over 1200 customers per day.
- Developing and implementing compliance programme, policies and procedures.
- Developing business processes and compliance checks.
- Reviewing of all documents presented by clients for business transactions, ensure total compliance of customer due diligence.
- Maintaining accurate records of compliance activities and documentation for audit and regulatory purposes.
- Responsible for periodical and timely rendition of regulatory/ad-hoc reports to Securities and Exchange commission (SEC), FMAN and Nigerian Financial Intelligence Unit (NFIU).
- Stay up to date with changes in regulatory requirements, best practices and industry trends, and support continuous improvement of compliance program.
- Responsible for compliance planning and presentation of comprehensive reports on issues and recommendations to Management Team and Board of Directors.
- Liaison officer with SEC, FMAN, NFIU and as point of contact for all employees on compliance issues.
- Interface with other Relationship Managers to monitor clients' needs and ensure that all issues are resolved.
- Ensure prompt management/resolution of all issues related to clients and regulators.
- Analyse and identify compliance risks, processes and controls and provide advice to management, relevant committees and employees to effectively manage compliance issues.
Chief Compliance Manager
Capital Bancorp Plc
Lagos, Nigeria
2017.10 - 2023.05
- Implemented comprehensive compliance program that reduced risk of non-compliance by 95% Conducted bi annual compliance monitoring to ensure compliance with applicable laws and regulations, resulting in no major non-compliance issues across all business units Developed and conducted training sessions on regulatory compliance to ensure staff compliance
- Analyzed and identified compliance risks, processes and controls and provide advice to management, relevant committees and employees to effectively manage compliance issues
- Responsible for reporting compliance issues and presenting issues and recommendations to relevant Board committees and Board of Directors
- Developed business processes and compliance checks for the group
- Liaison officer to all the regulators and serves as a point of contact for all employees in compliance issues
- Analyzed and identified compliance risks, processes and controls and provide advice to management, relevant committees and employees to effectively manage compliance issues
- Ensured organization's AML/CFT programme is reactive to changes in regulation and business strategy
- Ensured organization's compliance with Nigeria compliance Protection reporting planning Data.
Chief Compliance Officer
Anchoria Asset Management Limited
Lagos, Nigeria
2017.03 - 2017.09
- Developed business processes and compliance checks for the group within 60days.
- Ensured prompt management/resolution of all issues related to clients and regulators
- Ensured total compliance in customer due diligence on new clients, employees and vendors.
Compliance Officer
Capital Express Securities Limited
Lagos, Lagos
2011.01 - 2017.03
- Developed and implemented Compliance Programme, policies and procedures.
- Involved in developing of codes of conduct for approved persons as a Member of Codes, Governance and Risk Committee of the Nigerian Stock Exchange
- Ensured total Compliance in Customer Due Diligence and Know Your Customers
- Periodic evaluation of effectiveness of current stockbroking operations and systems.
- Prepared and submitted regulatory filings in timely manner.
Operations, Manager
Capital Express Securities Limited
Lagos, Lagos
2008.01 - 2011.01
- Managed 25 Estate accounts documentation and processes.
- Ensured customer complaints are identified and recorded
- Periodic evaluation of effectiveness of current stockbroking operations and systems
- Participated sessions and new business processed ideas, review meetings, external audit feedback in client.
- Developed systems and procedures to improve operational quality and team efficiency.
- Interacted well with customers to build connections and nurture relationships.
- Handled problematic customers and clients to assist lower-level employees and maintain excellent customer service.
Clients Relations Officer II and Operations Office
Capital Express Securities Limited
Lagos, Lagos
2003.01 - 2007.12
- Undertook analysis of Buy and Sell Orders of over 50 customers on daily basis on return of Dealer from Trading Floor
- Collated applications for Primary Market Issues
- Prepared Certificate Deposit Receipt and Contract Notes
- Collated share certificates for sale or depository
- Prepared jobbing sheet and certificate depository form for dematerialization
- Supervised all intra and inter account activities, ensuring timeliness and correctness with little or no reconciliation issues
- Kept proper records of all clients' accounts
- Reviewed and approved stockbroking transaction documents.
- Educated customers about company products, services and special offers.
- Maintained detailed knowledge of company offerings to recommend appropriate products to clients.
Education
Master of Science - Finance
University of Lagos
Lagos03.2010
Bachelor of Science - Economics
Usman Danfodio University
Sokoto12.2000
Accomplishments
- Successfully implemented brain storming/knowledge sharing session at Capital bancorp Plc
- Successfully developed and implemented Customer Service Charter at Capital Bancorp Plc
- Implementation of Risk Based Transaction Monitoring.
- Part of the team that facilitated the issuance of the Fund Management operating license by Securities and Exchange Commission at Capital Bancorp Plc.
- Part of the team that facilitated the unbundling of Stockbroking License from the Group at Capital Bancorp Plc.
- Active member of NSE compliance committee on Codes of Conducts and Corporate Governance- Providing key inputs for exposure drafts;
- Coordinated the team to develop the company's Effective Processes required by The Nigerian Stock Exchange at Capital Express Securities Limited
Timeline
Chief Compliance Manager/Administration
Wealthbridge Financial Services Limited
2023.06 - Current
Chief Compliance Manager
Capital Bancorp Plc
2017.10 - 2023.05
Chief Compliance Officer
Anchoria Asset Management Limited
2017.03 - 2017.09
Compliance Officer
Capital Express Securities Limited
2011.01 - 2017.03
Operations, Manager
Capital Express Securities Limited
2008.01 - 2011.01
Clients Relations Officer II and Operations Office
Capital Express Securities Limited
2003.01 - 2007.12
Master of Science - Finance
University of Lagos
Bachelor of Science - Economics
Usman Danfodio University
Skills
- Problem Solving Skills
- Good knowledge of compliance monitoring and control techniques
- Good understanding of Nigeria NFIU GOAML portal
- Microsoft Office Suites
- Business Analytics
- Emotional Intelligence
- Process Development and Implementation
- Relationship Building
- Staff training
- Compliance documentation
Languages
English
Fluent
Certification
2021 Designated Compliance Professional(DCP)
2019 Authorised Dealing Clerk of The Nigerian Stock Exchange
2018 Associate Member, Chartered Institute of Stockbrokers, Nigeria
Interests
I am interested in helping organizations achieve enterprise risk management objectives by using risk-based compliance skills to ensure compliance with applicable laws and regulations and guarantee the effectiveness and efficiency of operations.
Trainings
- August 2022 - Business Analytics, Certification Edge Consulting Agency
- June 2020 - Anti Money Laundering and Counter Financing Terrorism, Nigeria Securities and Exchange Commission
- June 2019 - Effective Compliance Program, Nigeria Stock Exchange Academy
- 2017 - Enterprise Risk Management, Arkounting Financial Services, Lagos
- 2017 - Legal and Risk Aspects of Derivatives and Central Counterparty Clearing (CCP) Transactions, Nigerian Stock Exchange, Lagos
- 2015 - Emerging trends in financial crime including the risk of cybercrime, Lagos
- 2013 - Anti money laundering (AML)/combating financing of terrorism (CFT), Nigerian Securities and Exchange Commission, Lagos
- 2013 - Compliance Risk based monitoring programmes & business conduct, Lagos
- 2011 - Multi-Door Courthouse case management program for capital market dispute resolution system, Lagos