JEREMIAH EFIONAYI CA, CIA, CISA, CRISC, CFE
Saskatoon,Canada
Summary
A diligent multi-credentialed Auditor and Risk Professional with over 15 years banking experience and a proven knowledge of Internal Audit, Risk management and IT GRC (Governance, Risk, Compliance). Aiming to leverage my skills to adding value and making cost effective recommendations in line with business objectives and best practice.
Overview
16
16
years of professional experience
Work History
Internal Audit Manager
Affinity Credit Union
, Canada
02.2024 - Current
- Manages and oversees a portfolio of internal audit projects including research, scoping, planning, and development of audit programs for examination.
- Evaluates the effectiveness of operations, and/or the reliability and integrity of the means used to identify, measure, classify, and report financial and operational information.
- Developed an assurance map and contributed to the risk-based annual internal audit plan for approval by the Board Audit Committee.
- Collaborated with teams across the organization and determined the impact on the overall control environment and audit approach.
- Assessed risk when business decisions are made, demonstrating consideration for strategic alignment, the organization’s reputation, its members, and assets.
- Identified opportunities for process optimization and improvement in internal control systems and procedures.
- Provided guidance on best practices in internal control design and implementation.
Internal Audit Lead (Management)
Affinity Credit Union
, Canada
07.2022 - 02.2024
- Led research, scoping, planning, and developed audit programs for examination, and prepared reports of findings on internal audit projects to the Audit and Finance Committee (AFCO).
- Assessed the degree to which credit union strategic initiatives/directions are aligned to business operations and processes as reviewed under the board-approved audit plan.
- Prepared RFP and successfully completed the IT security audit and penetration testing in conjunction with an external vendor.
- Assisted in the development of the risk-based annual internal audit plan for the Credit Union.
- Evaluates the design, implementation and effectiveness of the organization’s ethics related programs and activities, performance management and accountability processes, and systems to ensure compliance with laws, regulations, policies, and procedures.
- Performed audit on IT & Data Governance and reviewed organizational alignment with the NIST Framework.
- Reviewed organizational Internal Control framework and practices for alignment with COSO Internal Control Framework, amongst other projects.
- Evaluated the effectiveness of operations, and the reliability and integrity of the means used to identify, measure, classify and report financial and operational information which led to improved governance within the institution.
Manager, E-Crimes and Forensic Investigations
Standard Bank Group
, Lagos
03.2020 - 03.2022
- Managed Forensic Investigations & Fraud Risk assessment within the Enterprise Risk Management (ERM) framework and avoided company losses of over $4million.
- Conducted digital forensic examination, analysis and data recovery on electronic devices using forensic tools (EnCase, FTK, Cellebrite UFED) to extract evidence usually presented during criminal prosecution.
- Also used interview skills to gather information necessary for investigations.
- Maintained mutually beneficial relationships with external auditors, and regulators providing them with periodic reports when required.
- Also used best practice by researching and adopting new investigations and audit techniques where relevant, identifying skills deficiencies and recommending appropriate training programs.
- Reviewed anti-money laundering and fraud rules on enterprise fraud management solutions, which proactively identified and manage existential and emerging fraud risk.
- Managed fraud risk and executed fraud prevention initiatives through the implementation of the Fraud Stop and fraud flight plan, ensuring training and awareness across the group.
- Diligent investigation, tracing of fraud proceeds, and recovery of over a million USD from love scams and business email compromises.
- Conducted reviews on PCI DSS controls, IT controls and performed Audits across the network, which saved the Bank from compliance and regulatory breaches.
- Participated in the weekly Change Advisory Board (CAB) meetings and gave recommendations on various system changes and implementation which helped to avoid system flaws that would have led to losses.
- Conducted risk assessments on all new and existing digital products, such as chatbots, robo-advisory, mobile, internet, and USSD banking, which led to the identification and fixing of system gaps before production go-live.
- Conducted regular audits and risk assessments, ensuring 100% compliance with industry standards.
- Implemented robust controls and monitoring systems that ensured ongoing risk management and compliance.
Fraud Risk Manager (Integrated Operational Risk)
Stanbic IBTC Bank (Standard Bank Group)
Lagos, Nigeria
03.2015 - 03.2020
- Conducted Digital Forensic Investigations & Fraud Risk assessment within the Enterprise Risk Management (ERM) framework, this led to recovery of illicit funds from love scams and advance fee fraud.
- Conduct in-depth investigations into money laundering and terrorist financing activities, Politically Exposed Persons (PEPs), Politically Influential Persons (PIPs) or Tip-Offs.
- Conduct enhanced analysis (analysing and evaluating complex account transactions and relationships) research and transaction monitoring to identify and analyse suspicious activities.
- Action Freezing Order intervention orders immediately to avoid severe losses or fines.
- Executed fraud prevention initiatives through the implementation of the Fraud Stop and fraud flight plan, ensuring training and awareness sessions for staff, merchants (where applicable) and customers.
- Developed fraud risk management strategies, conducted risk assessments, and implemented controls to minimize risk exposure.
Branch Operations Manager (Head Service Support)
Stanbic IBTC Bank (Standard Bank Group)
Lagos, Nigeria
05.2013 - 02.2015
Sales Team Lead
Stanbic IBTC Bank (Standard Bank Group)
Lagos, Nigeria
05.2011 - 05.2013
Cash Officer
Stanbic IBTC Bank (Standard Bank Group)
Lagos, Nigeria
12.2009 - 05.2011
Education
Master of Risk Management -
University of Lagos
Lagos, NigeriaBachelor of Science - Accounting
University of Jos
Jos, NigeriaDiploma in Banking and Finance -
University of Jos
Jos, NigeriaSkills
- Microsoft SQL Management Studio
- Regulatory compliance
- Business intelligence and analytics
- IT audit and internal audits
- Risk management and analysis
- Critical thinking and problem solving
- Report writing and documentation
- Stakeholder management and engagement
- Risk identification and mitigation
- Continuous improvement
Credentials
- CA
- CISA
- CRISC
- CFE
Timeline
Internal Audit Manager
Affinity Credit Union
02.2024 - Current
Internal Audit Lead (Management)
Affinity Credit Union
07.2022 - 02.2024
Manager, E-Crimes and Forensic Investigations
Standard Bank Group
03.2020 - 03.2022
Fraud Risk Manager (Integrated Operational Risk)
Stanbic IBTC Bank (Standard Bank Group)
03.2015 - 03.2020
Branch Operations Manager (Head Service Support)
Stanbic IBTC Bank (Standard Bank Group)
05.2013 - 02.2015
Sales Team Lead
Stanbic IBTC Bank (Standard Bank Group)
05.2011 - 05.2013
Cash Officer
Stanbic IBTC Bank (Standard Bank Group)
12.2009 - 05.2011
Master of Risk Management -
University of Lagos
Bachelor of Science - Accounting
University of Jos
Diploma in Banking and Finance -
University of Jos
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