FOLA FALAYE
Kitchener,Canada
Summary
Insurance and Risk management professional with provable experience contributing setting standards and creatively meeting business objectives. I possess both excellent interpersonal and management skills that provides support and seamless process to business problems as well as hands- on experience working with financial data and financial analysis.
Overview
14
14
years of professional experience
1
1
Certification
Work History
Risk Management, Head
Hoshistech
Lagos, Nigeria
11.2019 - Current
- Identified and assessed wide range of risks to support strategic decision-making
- Drafted documents outlining key findings from investigations into potential threats.
- Collaborated closely with portfolio company leadership to address risks through mitigation plans, process improvements, and strategic adjustments
- Ensured legal and regulatory compliance across portfolio companies, providing guidance on risk management and due diligence during investments
- Conducted financial risk analysis, evaluating cash flow, solvency, and profitability to safeguard studio's investments
- Effectively communicating risk exposures and mitigation progress
- Developed effective pricing strategies and policies to optimize profitability and ensure competitiveness
- Implemented financial and business policies to ensure compliance and operational efficiency
- Demonstrated leadership by making improvements to work processes and helping to train others.
- Prioritized and organized tasks to efficiently accomplish service goals.
- Developed comprehensive understanding of internal control systems to identify potential areas of improvement.
- Assisted in reviewing financial statements for accuracy and completeness.
- Analyzed data trends to assess current and future risks.
- Conducted research on industry best practices related to risk management procedures.
- Assisted in developing strategies to mitigate identified risks.
Senior Administrative Officer
Winteck Nigeria Limited
Abuja, Nigeria
10.2017 - 10.2019
- Led the annual budgeting process and forecasted funds needed for staffing, equipment, and supplies
- Monitored and controlled expenditures while implementing risk protocols to mitigate potential risks
- Recommended and implemented appropriate risk financing options for on-site and off-site equipment
- Acted as a liaison officer.
- Cultivated and maintained effective working relationships with various stakeholders, ensuring successful collaboration.
- Managed and coordinated administrative operations for the organization.
- Created and maintained filing systems to ensure efficient retrieval of documents.
- Organized meetings, conferences, and travel arrangements for staff members.
- Developed office policies and procedures to improve efficiency in operations.
- Ensured compliance with organizational guidelines and regulations.
- Supervised a team of administrative assistants in their daily tasks.
- Provided guidance to junior staff on how to perform duties effectively.
- Assisted senior managers with research projects and data analysis activities.
- Compiled reports on financial performance, operational progress, and other metrics.
- Created presentations using Microsoft Office tools such as PowerPoint and Excel.
Lecturer (Insurance and Actuarial Science)
Redeemer's University
Mowe, Nigeria
01.2011 - 03.2017
- Developed and taught courses on Finance, Insurance, and Actuarial courses, effectively engaging and educating students
- Conducted research activities and contributed to the academic development of the institution
- Developed course content, created examination papers, and graded student assignments
- Provided guidance and supervision to undergraduate students working on their dissertations
- Offered advisory and consultation services to students, addressing their academic and career-related queries
- Coordinated exams for Entrepreneurship studies, ensuring smooth administration and accurate assessments.
Customer Service Relations (KYC)
Ecobank
Lagos, Nigeria
10.2009 - 04.2013
- Managed the development and implementation of Client ID/Onboarding policies and procedures designed to adapt the business to changes in compliance/regulatory requirements while effectively communicating the changes to internal business partners
- Served as a SME for team members by providing guidance and feedback for improvements in the Client ID process during quality reviews, while collaborating with bankers (1st Line of Defense) and FCC (2nd Line of Defense) to ensure the completion of client onboarding and KYC processes for all IBCM transactions
- Conducted background searches and negative news screenings on potential and existing clients along with their related parties to ensure that they do not present any regulatory and/or reputational risk to the Firm
- Developed and generated management reports to keep senior management apprised of KPIs, KRIs, and other risk and control data points using Pivot Tables and charts to identify areas of improvement
- Supported IBCM on audit and audit remediation requests from internal audit and external regulators
- Participated in interview and employee selection process for prospective candidates.
- Listened to customer inquiries and responded with appropriate solutions.
Education
Post-Degree Certificate - Financial Technology
Conestoga College
Kitchener, ON08-2023
Master of Science - Actuarial Science
University of Waterloo
Waterloo, ON01.2022
Master of Science - Insurance And Risk Management
Glasgow Caledonian University
Glasgow, Scotland07-2013
Bachelor of Science - Actuarial Science
Redeemer’s University
Mowe, Nigeria08-2009
Skills
- SQL
- VBA
- Tableau
- Financial Analysis
- Annuity and Actuarial Premium Calculation
- Business Continuity Management (BCM)
- Project Management
- Cybersecurity
- Research & Business Development
Certification
- ISC2 Cybersecurity - 2023
- CRM (in view)
- Diploma in Insurance – Chartered Insurance Institute of Nigeria (CIIN)
- Member – Institute of Risk Management South Africa
- Member – Institute of Risk Management UK
Volunteer Experience
- Vice President, Redeemer’s University Actuarial Students’ Association, 2008, 2009
- Student association executive, Glasgow Caledonian University, 2012, 2013
- Secretary, Redeemer’s University Electoral Committee Staff Cooperative Society, 2015, 2016
- Welfare Committee Member, Financial Studies Department, Redeemer’s University, 2014, 2017
- Professional Advisory Service, Via my personal page @folafal on Instagram, 2018, present
Timeline
Risk Management, Head
Hoshistech
11.2019 - Current
Senior Administrative Officer
Winteck Nigeria Limited
10.2017 - 10.2019
Lecturer (Insurance and Actuarial Science)
Redeemer's University
01.2011 - 03.2017
Customer Service Relations (KYC)
Ecobank
10.2009 - 04.2013
Post-Degree Certificate - Financial Technology
Conestoga College
Master of Science - Actuarial Science
University of Waterloo
Master of Science - Insurance And Risk Management
Glasgow Caledonian University
Bachelor of Science - Actuarial Science
Redeemer’s University
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