Olubayode Olumodeji
Warri,Nigeria
Summary
A seasoned professional with over 15 years track record of success in Audit and Assurance services, Internal Control & Compliance, Financial Accounting, Tax Audit, Banking and Risk Management. Fellow of the Institute of Chartered Accountants of Nigeria (FCA) and an Associate of the Chartered Institute of Bankers of Nigeria (ACIB) with accomplishments in helping medium firms and large corporations achieve overall strategic objectives through ensuring risks are promptly identified and mitigated, cost reduction and processes optimization. Known for accuracy, efficiency and analytical skills demonstrated in delivery of projects involving Financial Data Analysis, Account Reconciliations and Reporting. Excellent reputation for resolving problems, improving customer experience, and driving overall operational improvements.
Overview
15
15
years of professional experience
Work History
Senior Control Officer/Team Lead
First Bank of Nigeria Limited
Lagos
01.2018 - Current
- Ensured compliance with Organizational/Enterprise Risk Management policies and procedures including regulatory provisions, thereby preventing losses and regulatory sanctions.
- Contributed to improved Global Credit rating of the bank to A+(NG) and A1(NG) from A-(NG) and A2(NG) in 2022, by identifying risks/control inadequacies and provided comprehensive recommendations to mitigate identified risks and control gaps.
- Planned, executed, and managed business process improvements, including testing of key financial, operational and IT controls.
- Provided leadership and mentored team members on effective reviews to achieve control objectives to produce high quality control reports.
- Reconciled various accounts/financial records for accuracy, integrity and revenue assurance using data analytics tools.
- Conducted investigation into reported/discovered fraud incidents, policy breaches and other irregularities and prepared investigation reports, highlighting key actionable recommendations, for management consideration.
Cluster Control and Compliance Officer
Fidelity Bank Plc
Lagos
11.2011 - 01.2018
- Ensured compliance with approved policies of the bank, risk/control frameworks, enterprise risk management processes, financial policies and procedures including AML and other regulatory requirements
- Reviewed Account opening files for completeness and compliance with Reviewed proofs of account and Reconciliation of General Ledger accounts
- Called-over processed transactions for accuracy and completeness thereby zero fraud loss.
- Reviewed and ensured proper Management of CCTV and other security gadgets for optimum performance to guarantee adequate back-up and disaster recovery/business continuity.
- Evaluated financial information to detect and investigate suspected fraud.
- Identified and help correct errors in financial data or accounting practices.
Resident Auditor
Keystone Bank Limited
Lagos
12.2008 - 11.2011
- Ensured compliance with approved policies, adequate controls and security of bank's assets
- Facilitated process improvement and optimization
- Performed account reconciliations and post-mortem review of processed transactions Carried out Pre-disbursement review of credit facilities.
- Prepared comprehensive audit reports, facilitating accurate measurement of audit findings against set KPIs.
- Implemented substantive testing to identify material misstatements to prevent non- compliance losses.
Consultant II
Pedabo Associates Limited
Lagos
04.2008 - 11.2008
- Led team of audit personnel to perform general audit procedures to verify /ascertain the reasonableness/fairness year-end financial records of client's companies and successfully prepared final Audited
- Financial reports Assessed and provided Assurance on the effectiveness or otherwise of both Financial and Internal Control systems in client's companies
- Performed Company Income Tax computations, Tax audits and Investigation
- Performed Financial Due diligence on companies on behalf of interested investor/party
- Performs accounts reconciliations including Accounts Payable/receivables., income and Expenditure.
- Applied data modelling practices to analyze findings and recommend operational changes.
Education
M.Sc. - Finance
University of Lagos
Lagos, Nigeria2016
B.Sc - Economics
University of Ilorin
Kwara State, Nigeria2003
Skills
- Internal auditing and external Auditing
- Excellent Oral and written communications
- Strong analytical and problem-solving skills
- Strong attention to details
- Data analysis
- Account Reconciliation
- Adaptability and creative thinking
- IT proficiency- Microsoft Office tools
- Team leadership and motivation
- Risk mitigation and control
Accomplishments
- Effectively delivered of projects involving Financial Data Analysis, Account Reconciliations and Reporting
- Used Microsoft Excel to effectively reconcile ATMs GL with text-based e-journals
Affiliations
- Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) 2023
- Associate of the Chartered Institute of Bankers of Nigeria (CIBN) 2014
Interests
HOBBIES, Learning New skills, Volunteering, Travelling, Chess and Scrabble.
Languages
English
Advanced
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
The way to get started is to quit talking and begin doing.
Walt Disney
Timeline
Senior Control Officer/Team Lead
First Bank of Nigeria Limited
01.2018 - Current
Cluster Control and Compliance Officer
Fidelity Bank Plc
11.2011 - 01.2018
Resident Auditor
Keystone Bank Limited
12.2008 - 11.2011
Consultant II
Pedabo Associates Limited
04.2008 - 11.2008
M.Sc. - Finance
University of Lagos
B.Sc - Economics
University of Ilorin
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