Paul Fayomi
Stittsville,Canada
Summary
Customer-focused accountant with over fifteen years experience in financial services industry. Top-notch skills in risk management, internal control, audit, compliance, credit risk and team collaboration. Strives to be an excellent manager of human and financial resources in a challenging, dynamic and progressive environment while maintaining sound internal controls and excellent service.
Overview
19
19
years of professional experience
1
1
Certification
Work History
Internal Control Manager
Stanbic IBTC Bank PLC
Lagos, Nigeria
11.2017 - 03.2023
- Responsible for sound internal control environment in Head Office departments such as Credit, Loan Recovery, Human Capital, Procurement, Finance, Legal and Group Real Estate & Security departments
- Collaborating with business units in formulating and implementing sound policies and procedures
- Consistently delivered satisfactory audit ratings from 100% of audit exercises conducted in business units under my purview, between 2018 and 2022, through continuous control monitoring activities
- Achieved 43% reduction in non-performing loans (NPL) through effective reviews and collaboration with Credit business units
- Developed manuals, risk management framework and control checklist to guide review of processes and made process improvement recommendations on existing processes to bridge identified gaps and for proper execution.
- Trained staff on proper accounting practices, policies and procedures relating to internal controls.
- Collaborated with management to create and organize annual review plans.
Zonal Branch Internal Control Manager
Stanbic IBTC Bank PLC
Lagos, Nigeria
03.2013 - 10.2017
- Responsible for internal control coordination of branches under my purview with emphasis on risk management, fraud prevention and quality customer experience
- Recorded unprecedented feat as my zone delivered the highest number of satisfactory audit rating in the bank for four consecutive years
- Due diligence reviewed of account opening, reactivation, closure and inter-branch transfer with special focus on KYC compliance, Anti-money laundering and combating terrorism financing
- Monitored compliance with various regulatory requirements across zone with reports to management
- Ensured cleanliness and integrity of all internal accounts/GLs through proof of accounts review
- Constant review of existing controls and recommending changes based on emerging risks
- Performed spot checks and review of activities in branches under coverage and ensuring adherence to policies and procedures
- Ensured income leakage prevention, detection and recovery in all branches covered
- Performed first level investigation into customers’ complaints
- Technical team lead of the bank’s internal control and anti-fraud enterprise software (iConcept4).
Compliance and Control Officer
Skye Bank PLC – Now Polaris Bank Ltd
Lagos, Nigeria
04.2008 - 06.2012
- Review of branch operations and making recommendations on efficiency
- Review of branch risk assets to ensure adherence to approval processes and limits
- Effective call over of branch transactions and daily surveillance on General Ledgers
- Reviewed expenses and ensured implementation of effective expense control processes
- Innovative analysis of business development and advising management towards improvement
- Pre-opening inspection of new branches and advising management before approval to start operations.
- Worked closely with human resources to support employee management and organizational planning.
Internal Auditor
Integrated Microfinance Bank Ltd
Lagos, Nigeria
02.2007 - 03.2008
- Effective review of transactions for timely detection and correction of errors
- Conducted regular audits, spot checks, stock taking and other related functions
- Monitored the implementation and effectiveness of security around financial and non-financial assets.
- Monitored adherence to corporate governance standards within the organization.
Accounts/Administrative Manager
Value Trust Investments Ltd
Lagos, Nigeria
10.2003 - 01.2007
- Coordinated the administrative and accounts units
- Monitored budgets and expenditures to ensure cost-effectiveness while maintaining quality standards.
- Resolved conflicts between employees by providing guidance on company policies and procedures.
- Established processes to ensure efficient workflow throughout the organization.
- Provided leadership during times of organizational change or crisis situations.
- Analyzed customer feedback data to develop action plans for improving services offered.
- Managed vendor relationships by negotiating contracts and ensuring timely delivery of goods and services.
Education
Master of Business Administration - Management and Accounting
Obafemi Awolowo University (OAU)
Ile Ife, Nigeria12.2008
Bachelor of Science - Accounting
University of Ilorin
Ilorin, Nigeria02.2002
Skills
- MS Office
- Multi-tasking
- Conflict management
- Customer Service
- Open minded attitude to growth and learning
- Attention to detail
- Anti-money laundering and CFT
- Regulatory compliance
- Strong general accounting knowledge
- Internal audit
- Data Analytics
- Risk management expertise
- Critical Thinking Skills
- Analytical Thinking
- Teamwork and Collaboration
Certification
Associate Chartered Accountant (ACA), Institute of Chartered Accountants of Nigeria (ICAN), MB-024050, 11/2007
Volunteers
- The Community Pool - an initiative by the INSPIRE Core Facility at the University of Ottawa, Participates in research studies and advancement of research, 12/2023, Present
- Community Development Association, Ikorodu, Nigeria, Auditor, responsible for testing controls adequacy and compliance with relevant guidelines in the affairs of the association, 02/2018, 09/2023
Awards
- Recipient of “Beyond Excellence Award” for excellence in Teamwork and Managing Risk from Group CE, Stanbic IBTC, Nov 2017
- Received “Beyond Excellence Award” for excellence in Teamwork from Group CE, Stanbic IBTC, July 2014
References
To be provided on request.
Training
- Winning with People by EDCOF Training Center
- Driving Creativity and Innovation Training by Learning Impact NG
- Interpersonal Skills and Conflict Resolution Training by The Change Management Practice
- Effective Business Communication Skills Workshop organized by LASEM
- Data Science of Economics, Banking and Finance | Body Language for Leaders, 2020
- Anti-Money Laundering / Combating Financing of Terrorism (AML/CFT) by Datapro Ltd
- Improving Control Environment and Fraud Prevention Training organized by Control Edge
- Banking Operations and Management Training by FITC
- Accounts Reconciliation and Software Solution Training by Precise Financial Systems Ltd
- IConcept4 End User Training by Adroit Solutions Ltd
- ISO 9001:2015 – Quality Management System Internal Auditor Training by Tenol-Alpha Ltd
Affiliations
- Listening to music
- Current affairs and documentaries
- Comedy
Languages
English
Full Professional
Yoruba
Full Professional
References
References available upon request.
Timeline
Internal Control Manager
Stanbic IBTC Bank PLC
11.2017 - 03.2023
Zonal Branch Internal Control Manager
Stanbic IBTC Bank PLC
03.2013 - 10.2017
Compliance and Control Officer
Skye Bank PLC – Now Polaris Bank Ltd
04.2008 - 06.2012
Internal Auditor
Integrated Microfinance Bank Ltd
02.2007 - 03.2008
Accounts/Administrative Manager
Value Trust Investments Ltd
10.2003 - 01.2007
Master of Business Administration - Management and Accounting
Obafemi Awolowo University (OAU)
Bachelor of Science - Accounting
University of Ilorin
Associate Chartered Accountant (ACA), Institute of Chartered Accountants of Nigeria (ICAN), MB-024050, 11/2007
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