Summary
Overview
Work History
Education
Skills
Websites
Affiliations
Timeline
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STANLEY AREGHAN

Chartered Accountant
Ikeja,LA

Summary

Detailed-driven Control/Compliance officer, Well-versed in comprehensive analysis of operations, process improvement recommendations and best practice introduction. Focused on maximizing company compliance with applicable laws and standards.

Overview

10
10
years of professional experience
3
3
years of post-secondary education

Work History

E-banking Operations Control Officer

Fidelity Bank Plc
Ikeja, LA
09.2023 - Current
  • In-charge control officer with the responsibility of reconciling and monitoring the settlement processes related to POS transactions, PAYDIRECT transactions and CARD Operations.
  • Ensuring POS transactions are accurately processed and settled.
  • Monitoring daily POS transactions to identify errors or discrepancies.
  • Reconciling transactions between the bank's records, switching company and merchant accounts.
  • Ensuring accurate calculation and application of fees or charges associated with POS transactions.
  • Leverage the use of alert system to identify suspicious transactions and escalate them for investigation.
  • Reviews the POS business team activities to ensure they are in line with AML/KYC regulations.
  • Reporting and analysis.
  • System and process optimization.
  • In charge control officer responsible for the review of Paydirect account as a lead/collecting bank to ensure that institutions are credited and appropriate collection accounts are debited and income recognized
  • Confirm that all income stated for collecting bank are credited to income account

Cluster Control and Compliance Officer

Fidelity Bank PLC
Ikeja, LA
09.2021 - Current
  • Ensure compliance to management policies and regulatory guidelines
  • Call over daily transactions of the operation team and ensure adherence to laid down policies
  • Vault Cash count on branch visitation to confirm physical balance against registers and System balances
  • Investigate any incidents of fraud and error with an aim to correct or reduce the severity of impact that may follow
  • Teller proof/vault movement review to ensure tellers/branch do not exceed till/vault limits on daily basis and when they unavoidably do, ascertain there is adequate insurance cover
  • Review branch activities to ascertain that relevant approvals were obtain when required
  • Monitor all expenses from branches in my region with an aim to ascertain that appropriate approval was obtain before incurring cost and has been properly accounted for in the bank's financials
  • Monitor and review banks automated fraud alert system in other to prevent fraudulent activities, correct and reduce to the minimum any loss to customers and the bank
  • Monitor Inflows and outflows for AML/CFT purposes in other to protect the bank and customers against CBN Anti-Money Laundry guidelines
  • Ensure adherence to Data Protection and Privacy in other to protect the organization from losses arising from data protection and privacy breach
  • Ensure complete documentation of customers information
  • Identified and help correct errors in financial data or accounting practices
  • Monitoring of the bank's Risk assets in order to reduce bad and NPR for branches under in the region.
  • Receive, review, and authenticate documents for all unstructured loans and some structured loans before authorization
  • Confirmation of Invoices, LPOs, Domiciliation letters, Certificate of completion etc
  • Before release of funds to customers when due

Senior Finance/audit Officer

Givanas Industry Nigeria Limited
03.2018 - 08.2021
  • Preparation, analysis and interpretation of the company's financials ratios and those of sister companies and consolidation of financial Statements as maybe required
  • Introduced internal controls to monitor critical areas of financial/operational control and devised corrective actions addressing risks and deficiencies
  • In-charge officer responsible for monitoring company's daily transactions, evaluate and assess compliance with laid down policies by management and statutory authorities to minimize risk, avoid sanctions and material misstatements in company's books of account
  • Monitoring, reconciliation, and preparation of other Reports like cashflow statement, inventory movement report, receivables, payables reports, VAT and WHT and any other ad hoc report when required for board reporting

Audit Senior

Egunjobi, Adegbite & Co. (Chartered Accounts)
01.2015 - 03.2018


  • Assisted in the preparation of audit reports, presenting findings clearly and concisely to senior management for review.
  • Increased overall reliability of financial statements by performing detailed reviews of account reconciliations and supporting documentation.
  • Conducted walkthroughs of various business processes, gaining an in-depth understanding of operations while identifying potential control weaknesses.
  • Evaluated critical business systems and processes, identifying areas of potential risk exposure and offering recommendations to mitigate those risk.
  • Stayed current on industry trends and accounting standards changes, ensuring that all audit activities adhered to applicable guidelines at all times.
  • Improved company compliance with laws and regulations through regular monitoring of accounting procedures.
  • Prepared working papers, reports and supporting documentation for audit findings.
  • Identified management control weaknesses and provided value added suggestions for remediation.
  • Provided journal entries and performed accounting on accrual basis.
  • Collected and reported monthly expense variances and explanations.
  • Maintained integrity of general ledger and chart of accounts.
  • Compiled general ledger entries on short schedule with 100% accuracy.

Education

Chartered Accountant -

Institute of Chartered Accountant of Nigeria
Lagos
11.2017 - 05.2021

Skills

Advance knowledge in Microsoft Excel

Good use of SQL

Postilion front end and core banking applications

Investigation skill

Report writing skills

Ethics and compliance certification

AML/CFT certification

Affiliations

Institute of Chartered Accountants of Nigeria (ICAN), Associate Member (ACA), 01/21

Timeline

E-banking Operations Control Officer

Fidelity Bank Plc
09.2023 - Current

Cluster Control and Compliance Officer

Fidelity Bank PLC
09.2021 - Current

Senior Finance/audit Officer

Givanas Industry Nigeria Limited
03.2018 - 08.2021

Chartered Accountant -

Institute of Chartered Accountant of Nigeria
11.2017 - 05.2021

Audit Senior

Egunjobi, Adegbite & Co. (Chartered Accounts)
01.2015 - 03.2018
STANLEY AREGHANChartered Accountant