Internal Audit Regulatory Compliance

OLUGBENGA FAGBOHUN

*, ********* ******, *******, ***** +234 703-***-**** *********.********@*****.*** Experienced Internal Audit Professional with track records in financial scrutiny, risk assessment, and compliance. Skilled in enhancing operational efficiency, safeguarding assets, and ensuring regulatory compliance. Proficient in developing and implementing audit plans, conducting thorough assessments, and providing actionable recommendations for process enhancement. Expertise in analyzing complex financial data, identifying discrepancies, and mitigating risks. Strong communicator, adept at collaborating with cross- functional teams to drive organizational growth and ensure financial governance excellence. Committed to upholding integrity and ethics in all audit activities. Team Lead, Audit Investigations, 10/2022 - Current Sterling Bank Plc - Lagos, Nigeria

Formulate and implement procedures for investigating allegations of fraud and breaches of bank's ethics and conduct.

Establish and maintain a forensic investigations function that ensures investigations are carried out in compliance with established procedures and quality standards. Design and implement program to foster and improve on the quality of investigation output from the team. Review of investigation reports from investigation officers to ensure appropriateness and completeness in line with the expectations of the bank.

Supervise and guide investigators to ensure that their work conforms to established standards and completed within agreed service level agreement.

Carry out forensic investigation of critical fraud incidents, whistle blow cases and other special cases assigned by EXCO/Board and issue investigation reports to management. Build a seamless relationship with the Law Enforcement Agency to promote easy prosecution and conviction of individuals found culpable in fraud cases. Deploy mechanisms to pursue recovery of fraud losses by calling in fidelity guarantee policy as appropriate and use of recovery agents to reduce the impact of fraud in the bank's books to the barest minimum.

Respond to Enquiries/ requests received from Regulatory bodies such as CBN, NDIC, Bankers Committee, etc.

Represent the Bank as an expert witness in court as may be required. Internal Audit & Control Lead, 05/2018 - 09/2022

DGS Integrated Projects Limited - Lagos, Nigeria

Provided assurance to senior management on the effectiveness or otherwise of the company's risk management, processes, and systems

Plan, execute, and report on operational, financial, regulatory, and compliance-related audits/reviews as well as ensure strict adherence to policies and procedures Defined the strategic direction for the Internal Audit function which aligns with the overall strategic goals of the company

Developed control and compliance policies/frameworks, procedures, programs, and manuals PROFESSIONAL SUMMARY

WORK HISTORY

Ensured continuous review and assessment of the effectiveness and efficiency of policies, procedures, and processes across the Company and identify improvement opportunities Ensured adherence to the company's policies and procedures Conduct internal audit reviews

Plan financial, regulatory, compliance, or operational reviews/audits Contribute, as appropriate, in the year-end financial audit with the external auditor Coordinated investigations into suspected fraudulent practices across the organization and recommend the appropriate line of action

Conduct risk assessments and identify controls in place to mitigate identified risks Link risk assessment activity to the development of a strong annual compliance work plan Manage work with risk, legal, compliance, and other control-related activities Ensure required regulatory/statutory returns are rendered to the relevant agencies in a timely, regular, complete, and qualitative manner

Analyze and conclude on the effectiveness and efficiency of the control environment Identify control gaps and opportunities for improvement Ensure appropriate level of communication is maintained on Internal Control matters to support the framework and ensure appropriate ownership and accountabilities from management and managers. Deputy Manager, Audit and Finance, 11/2014 - 04/2018 Brila Media Limited. (88.9 Brila Fm) - Lagos, Nigeria Strategized and led financial planning and operations. Supervised independent audits to monitor growth and productivity. Informed clients regarding risks and fraud to avoid further occurrence. Prepared client quotes and invoicing to create stable cash flow. Identified deficiencies and recommended use of revised methodologies to improve audit applications. Reduced annual business expenditure through careful expense monitoring. Attended and completed regular mandatory audit and accounting training to apply best audit practices. Finalised VAT returns with rigorous transaction checks. Created testing methodologies to assess competence of controls. Analysed financial performance to implement key improvement strategies. Senior Audit Associate, 01/2013 - 10/2014

Olayinka Oyebola & Co (Chartered Accountants) - Lagos Involved in the complete audit life cycle: overseeing strategic planning, team development, reporting, evaluations, risk mitigation, and business development. Responsible for the day-to-day management of field teams, including reviewing work of assigned audit resources - staffs.

Actively planned, supervised, and executed corporate operational audits, ensuring compliance with generally accepted audit policies, applicable laws and regulations, and corporate objectives. Compiled and presented audit findings, recommended controls, and business practice improvements to both client and senior management, including attendance at meetings. Proposed best practices and streamlined business processes on numerous engagements resulting in reduced risk, increased efficiency, enhanced customer service, and increased revenue. Collaborated with team members to set goals and developed people through teamwork, integrity, and leadership.

Preparation of tenders and proposals for pitching prospective clients. Performed detailed review and certified tax computations and other valuation reports prepared by Management experts for inclusion in the financial statements. Internal Audit Trainee, 10/2010 - 12/2012

Bemil Nigeria Limited - Lagos, Nigeria

Conducted risk assessment of assigned department and functional area in established/required timeline Determined the scope of review in conjunction with the Manager, Internal Audit & Risk Control Determined compliance with policies and procedures by examining records, reports, operating practices, and documentation

Completed audit work papers by documenting audit tests and findings Communicated audit findings by preparing a final report, discussing findings with auditees Contributed to team effort by accomplishing related results as needed Tested the process of Accounts Payable (Out of Period Search Testing), PTO Accrual, and Cash testing Identified and communicated accounting and auditing matters to seniors and managers Proposed adjusting journal entries and discussed audit findings with seniors. Corporate Reporting

Cash Flow Projection

Process Restructuring & Improvement

Internal Controls & Risk Analysis

Excellent communication

Policy and procedure implementation

B.Sc. Accounting, Second Class, Upper Division: Accounting, 01/2007 - 04/2010 University of Ilorin. - Ilorin, Kwara State

Class: Second Class, Upper Division

Diploma in Accounting and Data Processing, 01/2002 - 04/2005 University of Ilorin, Kwara State, Nigeria

Master of Business Administration: Investment and Finance, 05/2023 - Current Ahmadu Bello University - Zaria, Nigeria

Financial Modeling & Valuation Analyst, Corporate Financial Institute, In View Associate Chartered Accountant (ACA), Institute of Chartered Accountants of Nigeria, 2016 Developed a standard Internal Audit Charter and Standard Operating Procedure Identified high risk processes within JP Sage's group companies by conducting annual risk-assessment, documented process flows, and developed risk and control matrixes. Jointly managed costs and expenditures for $120m Seplat's Sapele Gas Plant EPCI Project. Led and coordinated the implementation of ISO 9001:2015 Quality Management System to Certification for DGS Integrated Projects Limited.

SKILLS

EDUCATION

CERTIFICATIONS

AWARDS, ACCOMPLISHMENTS, AND HONORS

REFERENCES

References available upon request.

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