SIKIRU ABIOLA ADEOGUN

Branch and Head Office Department Audit

• Visiting branches and head office departments on a periodic basis to ascertain their level of compliance with the policy of the management and the relevant regulatory guidelines regarding their daily operations.
• I collaborate and offer advisory service to operators in the branches and head office departments on better ways of doing things that will safeguard the bank's reputational and financial assets with our eyes on the going concern and the operational health of the bank.
• I advise the management on what has been ascertained to be major infractions, their impacts on bank's strategic goals and what to do to prevent future reoccurrence.

BRANCH AUDIT

• Review of manager's cheque to evaluate issuance, authorization, recording and compliance of manager's cheques against policy and regulation.
• Assessment of accuracy, authorization, compliance and security of fund transfers.
• Verification of accuracy, security and compliance of the processes around Vault Cash holding.
• Spot check exercise to ensure information security, confidentiality and compliance through adherence to clear desk practices in branches.
• Review of foreign tax account to assess compliance with FATCA reporting, documentation, and withholding tax requirements.

HEAD OFFICE AUDIT

Trade Services Audit

• LC document examination, Negotiation & Payment to ensure that LCs are processed in strict compliance with the LC terms, UCP 600 and internal policies.
• Assessment of the adequacy, accuracy, and compliance of invisible trade transactions e.g tuition, medicals, consultancy, subscriptions with CBN regulations, bank policies, and international best practices.
• Review of LC Issue and Amendment
• Review of Bills Remittance
• Review of SME and Invisibles Remittance
• Review of Letters of credits
• Review of Bills for collections
• Review of Exports

Central Account Management Unit(CAMU) Audit

• Evaluation of the adequacy, accuracy and effectiveness of account management process, ensuring timely reconciliations, proper authorization, compliance with regulatory and internal policies, safeguarding of customer and organizational funds, and prevention of errors, misstatement, or fraudulent activities in central account operations.

E-Banking Operations Audit

• Assessment of adequacy, reliability and security of e-Banking platforms and processes, ensuring compliance with regulatory requirements, effectiveness of controls over electronic transactions, accuracy of customer records, availability of services and safeguarding of information assets against unauthorised access, fraud, errors and operational disruptions.

Conduct & Compliance Audit

• Evaluation of adherence to ethical standards, regulatory requirements, internal policies, and promote transparent, compliant practices.

Legal Deparment Audit

• Assessment of effectiveness, efficiency, and compliance of the Legal Department in managing contracts, litigation, regulatory obligations, and advisory functions, ensuring alignment with organizational objectives, mitigation of legal risks, proper documentation, and adherence to applicable laws, policies, and professional standards.

Product Organization Audit

• Evaluation of the design, approval and management of banking products, ensuring compliance with regulatory requirements, alignment with organizational strategy, adequacy of risk assessment, transparency of terms and pricing, effectiveness of monitoring processes and protection of customers and bank interests against operational, legal, and reputational risks.

• Reconciliation of e-banking collection and settlement Accounts.
• Collaboration with e-banking to resolve identified issues
• Creation and integration of new account in the accounts chat for proper reporting.
• Continuous adaptation of the existing process towards automation to make the process error free and seamless.
• Rendering of e-banking month end year end report to internal users(Internal audit)
• Rendering of e-banking month end year end report to external users(CBN and external auditors).
• Induction and training of new staff on the existing processes and how to use relevant platforms(internal and external) regarding reconciliation of accounts.
• All other ERC functions as may be assigned

• Processing and facilitating collections on behalf of Lagos State government
• Reconciliation of Lagos State accounts
• Timely remittance of Lagos State collections
• Posting of sweeps and clearing cheques on behalf of Lagos State Government
• Processing of epay reversals on behalf of branches
• Managing Sterling Bank’s relationship with Alpha Beta and Lagos State Government
• Facilitating, processing and remittance of collections on behalf High Commission of India
• Facilitating, processing and remittance of Autoreg collections on behalf of Courteville Business Solutions and Lagos Government.
• Any remittance duty assigned.

• Processing of inward and outward cheques
• Processing of inward and outward NEFT
• Representing the Sterling bank at the Banker's clearing House
• Reconciliation of branch's position with that of central clearing.

• Processing of caution notices
• Receiving and filing control copies and all vital documents on behalf of the Inspectorate.
• Liaising with clearing unit on contentious caution notices
• Scanning and circulation of stop orders bankwide.
• Briefing the head of branch controls on a regular basis.