RAFIAT OLUWATOYIN ONITIRI
SURULERE,NIGERIA
Summary
Accomplished professional with expertise in leadership and team management, risk management, and regulatory compliance. Demonstrates exceptional communication skills and strategic planning abilities, driving business development and analysis to enhance financial inclusion services. Adept at interpersonal and relationship management, committed to fostering growth through strategic execution.
Overview
12
12
years of professional experience
4
4
years of post-secondary education
1
1
Certification
Work history
Executive Director
FIC Professionals Network
08.2023
- Solely responsible for driving both Private and Public projects whilst interfacing with Banks and State Governments at the highest level.
- A. Exercising leadership, enterprise, integrity and judgment in its oversight and control of the Company to achieve the Company’s continued survival and prosperity.
- B. Ensuring that the Board and its committees always act in the best interest of the Company, always.
- C. Ensuring that the Company is in compliance with the laws of the Federal Republic of Nigeria and other applicable regulations.
- D. Considering and approving the long-term and short-term strategies for the business of the Company and monitoring their implementation by management.
- E. Ensuring the establishment and implementation of a succession plan, appointment process, training mechanism and remuneration structure for both the Board and senior management of the Company.
- F. Being accountable to the Company as well as identifying and managing the relationship with shareholders and other stakeholders.
- G. Establishing and maintaining the Company’s values and standards (including an ethical culture) as well as modelling these values and standards.
- H. Overseeing the internal audit function, approving the internal audit plan, and appointing and removing the head of the internal audit function on the recommendation of the committee responsible for audit.
- I. Establishing the Company’s risk management framework and monitoring its effectiveness, setting the Company’s risk appetite, receiving, and reviewing risk reports.
- J. Providing oversight over Information Technology governance.
- K. Overseeing the effectiveness and adequacy of the internal control system.
- L. Overseeing the Company’s communication and information dissemination policy.
- M. Performing the appraisal of Board members and executive management.
- O. Ensuring that management systems are in place to identify and manage environmental and social risks and their impact.
- P. Defining a formal schedule of matter specifically reserved for Board decision and matters delegated to Board Committees and Management.
Founder/Managing Director
ATHROL EMPOWERMENT INITIATIVE
Isolo, Lagos
06.2018 - 07.2023
- Key Responsibilities:
- Develop and execute strategic plans to drive growth and profitability
- Lead the company’s operations and ensure the achievement of set goals and objectives
- Develop and implement policies and procedure that ensures compliance with Regulatory requirements
- Provides leadership and direction to staff; ensuring their performance aligns with the company objectives
- Manage relationships with Stakeholders, including Investors, customers and Regulatory Authorities
- Analyze Financial Statements; Identify trends and recommend strategies to improve performance.
- Monitor market trends and competitive and provide insights to guide business decisions.
- Notable Achievements:
- Founded the company on the premise of empowering the less privilege women led retail businesses who are financially excluded or have little access to finance at the micro level.
- Successfully led the company through a period of significant growth, increasing revenue by 30% and profitability by 15% for a newly established business
- Developed and implemented a unique customer acquisition and retention strategy that resulted in a steady 5% month on month increase in customer base.
- Introduced cost optimization measures that reduced operating expenses by 15% while maintaining the quality of service delivery.
- Successfully negotiated favorable partnerships with key stakeholders, resulting in increased revenue and improved customer experience.
- Situated at Daleko Model Market, Isolo – Lagos.
Group Head, Commercial Bank
Skye Bank Plc
Victoria-Island, Lagos
01.2016 - 01.2018
- Key Responsibilities & Notable Achievements
- Led the team that converted over 50% of dormant accounts to resuscitate going concern of the group leading to a revenue generation record of 70%.
- Mobilized =N=5bn within a period of 3 months to salvage liquidity position
- Led the team which opened up an FCMG new value chain business line resulting in revenue generation
- Participated actively and implemented a financial reporting system that provided timely and accurate information for decision making.
- Managed relationships with Financial Institutions by negotiating favorable terms that reduced the company’s borrowing costs.
- Annex Office – Victoria-Island, Lagos.
Regional Manager - Retail & Commercial Group
Skye Bank Plc Alausa
Ikeja
01.2012 - 01.2016
- Key Responsibilities & Notable Achievement
- Grew the revenue of 7 branches and 3 cash centers from portfolio of less than =N=25bn to over =N=40bn recording an increase of about 55%.
- Through a clinical approach resuscitated loss making branches to profit generating alongside new business charters.
- Ikeja
Education
Chartered Banker MBA - Master of Business Administration
BANGOR UNIVERSITY
Scotland – Wales 01.2015 - 01.2016
Senior Management Programme - undefined
LAGOS BUSINESS SCHOOL (LBS)
02.2015 - 09.2015
MBA - Marketing
LAGOS STATE UNIVERSITY
01.1996 - 01.1998
Skills
- Leadership & Team Management
- Risk Management & Regulatory Compliance
- Excellent Communications
- Strategic Planning & Execution
- Financial Inclusion Services
- Interpersonal & Relationship Management
- Business Development & Analysis
Certification
- The Chartered Institute of Bankers Practice License
- Lagos Business School (LBS) – Sustainable Inclusive Digital Financial Services Accredited by AACSB
- AMBA SME-NG – Impact Investor Platform for all Women Accelerator Cohort Programme
- Masterclass for Independent Directors by IoD
- Agency Banking in view
REFEREE
Available on Request.
INTEREST
Reading, Music, Adventuring, Mentoring and meeting people
HONOR & AWARDS
Council Member, Chartered Institute of Bankers, Fellow of the Chartered Institute of Bankers of Nigeria & Associate Member of the Chartered Institute of Bankers – Scotland, Fellow of the Association of Enterprise Risk Management Professionals, Fellow of the Institute of Credit Administration, 1st Vice Chairperson, Association of Professional Women Bankers, Chairperson, Association of Professional Women Bankers
Timeline
Executive Director
FIC Professionals Network
08.2023
Founder/Managing Director
ATHROL EMPOWERMENT INITIATIVE
06.2018 - 07.2023
Group Head, Commercial Bank
Skye Bank Plc
01.2016 - 01.2018
Senior Management Programme - undefined
LAGOS BUSINESS SCHOOL (LBS)
02.2015 - 09.2015
Chartered Banker MBA - Master of Business Administration
BANGOR UNIVERSITY
01.2015 - 01.2016
Regional Manager - Retail & Commercial Group
Skye Bank Plc Alausa
01.2012 - 01.2016
MBA - Marketing
LAGOS STATE UNIVERSITY
01.1996 - 01.1998