Omer Akkaya
North York,Canada
Summary
Tenacious Operational Risk Analyst successfully develops and maintains comprehensive processes to identify and reduce operational risk across business units. Collaborates with functional leaders and subject matter experts to drive initiatives that contribute to long-term operational excellence. Analyzes operational policies and procedures to align improvement to performance shortfalls.
Overview
11
11
years of professional experience
Work History
Financial Reporting Analyst (Contract)
RBC I&TS
11.2023 - 03.2024
- Compiled and analyzed financial data to prepare regular and ad-hoc reports for internal and external stakeholders
- Collaborated with cross-functional teams to obtain necessary information for financial reporting purposes
- Assisted in the preparation of financial statements, including balance sheets, income statements, and cash flow statements
- Monitored and ensured compliance with regulatory reporting requirements
- Prepared and maintained documentation of financial reporting processes and procedures.
- Conducted thorough account reconciliations, identifying discrepancies and resolving issues to ensure data integrity.
Tax Reporting Analyst (Contract)
RBC I&TS
11.2022 - 04.2023
- Prepared tax returns for trust funds
- Performed controls on the allocations for T3 factors
- Independently prepared T1135 forms for 50+ trust funds by extracting data from Mpower and compiling data
- Reviewed tax reports and forms for consistency, formatting, and computations
- Participated in calculations and preparation of section 86.1 elections for eligible spinoffs
- Compiled and reviewed data from the Canadian Depository for Securities Limited for 200+ ETFs and income trusts to obtain tax characteristics.
Internal Control & Operational Risk Manager
Citibank
03.2020 - 06.2022
- Enhanced operational risk management by implementing efficient processes and controls.
- Reduced probability of risk occurrences by conducting thorough risk assessments and audits.
- Increased operational efficiency, streamlining risk management processes and procedures.
- Strengthened internal controls to minimize financial losses due to operational risks.
- Collaborated with cross-functional teams for a comprehensive approach to risk management.
- Ensured compliance with regulatory requirements, liaising with external auditors and regulators as needed.
- Conducted regular training sessions for staff members on operational risk management principles and best practices.
- Analyzed data from various sources to identify patterns and trends in operational risks, developing targeted mitigation plans accordingly.
- Supported senior leadership in decision-making processes by providing insightful analyses of operational risks and their potential impacts on business performance.
Operational Risk Analyst
Citibank
03.2016 - 02.2020
- Conducted periodic Operational Control activities / MIS in line with regional control guidelines/decks and deadlines
- Assisted unit head in finalizing senior management's ad hoc inquiries, projects
- Assisted in all interactions with internal / external O&T related audits including deliverables management, audit fieldwork, business monitoring and meetings
- Tracked and reviewed ISA (Information Security Admin) activities and periodic operations control
- Coordinated and managed the e-Recon process
- Participated in the effective disclosure, recognition, and closure of control issues; Monitored all Operations activities related to CAPs and ensured no past dues
- Improved operational risk identification by conducting thorough analyses and evaluations of business processes.
- Enhanced risk management frameworks by implementing effective controls and monitoring procedures.
- Reduced financial losses with robust incident reporting and root cause analysis.
- Increased efficiency in risk mitigation, developing targeted action plans for addressing identified risks.
- Monitored all Ops losses for adequate approvals, root causes and shared lessons learnt on a timely basis
- Annually, reviewed and updated operation control department's procedure as per the regulations and global guidelines
- Collaborated with AML compliance teams to investigate and report suspicious transactions in accordance with regulatory requirements
- Assisted in the development and implementation of AML policies, procedures, and controls.
Reconciliation Specialist
Citibank
09.2013 - 02.2016
- Performed daily reconciliation activities (Nostro, EFT, PTT, Treasury transactions/deals, manual CBT reconciliations, manager check etc.), escalation of reconciliation differences, corrective actions relating to all issues with the appropriate level of quality
- Performed functional, automation and regression testing and all Initiatives related to User Acceptance Testing (UAT) process and product rollout into production for Operation Controls department
- Ensured robust Operations Controls in line with local and regional standards
- Set clear accountability & responsibility with flawless execution and timely escalation
- Tracked KRI (Key Risk Indicator) processes for O&T Controls
- Participated in process improvement opportunities
- Reported and investigated cancelled/amendment FX option transactions
- Created procedures and kept procedures up to date according to bank and regulatory standards.
- Enhanced reconciliation accuracy by streamlining processes and implementing automated tools.
- Reduced financial discrepancies by consistently monitoring and resolving account variances.
- Improved communication between departments through regular collaboration on reconciliation matters.
- Strengthened internal controls by identifying areas for improvement and implementing robust procedures.
- Supported audit preparation with thorough documentation of all reconciliations, reducing time spent during audits.
- Assisted in the implementation of a new reconciliation software system, leading to increased productivity and reduced errors.
Education
Bachelor's Degree in Statistics -
Anadolu University
Skills
- Accounting Principles
- Variance Analysis
- Internal Controls
- Audit Coordination
- Bank Reconciliation
- Transaction monitoring
- Data Reconciliation
- Account Reconciliation
- Root Cause Analysis
- Operational Analysis
- Microsoft Excel
- Pivot tables
Personal Information
Title: Internal Control & Operational Risk Manager
Volunteer Experience
Citi Volunteer Committee, 03/01/16, 05/01/22, Organized charity runs to raise money for selected NGOs., Built library for a public school., Collected donations for animal shelters., Collected donations for in need mid-school students.
References
Available upon request
Timeline
Financial Reporting Analyst (Contract)
RBC I&TS
11.2023 - 03.2024
Tax Reporting Analyst (Contract)
RBC I&TS
11.2022 - 04.2023
Internal Control & Operational Risk Manager
Citibank
03.2020 - 06.2022
Operational Risk Analyst
Citibank
03.2016 - 02.2020
Reconciliation Specialist
Citibank
09.2013 - 02.2016
Bachelor's Degree in Statistics -
Anadolu University
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