Olurotimi Omotayo HND, B.Sc, FCA, FCIB, FCIT
Lagos
Summary
Accomplished professional with expertise in risk oversight, governance, and compliance, complemented by strong analytical and interpersonal skills. Demonstrates proficiency in data analytics and cybersecurity audits, with a keen awareness of regulatory technology trends. Adept at conducting risk-based digital audits, ensuring robust compliance frameworks. Recognized as a good team player committed to enhancing organizational resilience through innovative audit practices. Motivational leader with a record of success in various environments. Seeks out change opportunities, capitalizing on technologies, improved methods, and gaps to surpass targets. Have a history of maintaining efficiency and high employee satisfaction with a responsive management style.
Overview
39
39
years of professional experience
5988
5988
years of post-secondary education
Work history
Chief Audit Executive
Polaris Bank Limited
2018.09 - 2026.03
- Develop a flexible audit plan using an appropriate risk-based methodology, including any risks or control concerns identified by management, and submit that plan to the Audit Committee for review and approval.
- Implement the audit plan, as approved, including as appropriate, special tasks or projects requested by management, the Audit Committee or the Board of Directors.
- Examine and evaluate the adequacy and effectiveness of the Bank's system of internal controls, including those pertaining to the deterrence and detection of fraudulent or illegal acts.
- Review the reliability and integrity of financial and operational information and the means used in identifying, measuring, classifying and reporting such information.
- Review the systems established to ensure compliance with those policies, plans, procedures, laws and regulations, which could have a significant impact on operations and reports, and determine whether the Bank is in compliance.
- Review projects and operations to ascertain whether results are consistent with established objectives and goals and whether the operations and projects are being carried out as planned and in accordance with the Bank's policies.
- Conduct special reviews and investigations of significant violations of the Bank's code of conduct and consulting services as directed by the Management and Board of the Bank. Special reviews or investigations requested by departments may be performed at the discretion of the Head of the Internal Audit function. Outcome of these assignments shall be communicated to Management and other parties as applicable.
- Submit quarterly reports to the Board-designated committee summarizing audit findings, recommendations, follow-up actions and emerging trends in internal auditing.
- Evaluate the adequacy of management's corrective action and performance of necessary follow-up procedures to ensure that the corrective actions/recommendations have been appropriately implemented.
- Strategic Committee Membership in the Bank
- Member, Executive Committee
- Member, Assets and Liability Committee
- Member, IT Steering Committee
Chief Internal Auditor
Skye Bank Plc
Lagos
2016.10 - 2018.09
- Develop a flexible audit plan using an appropriate risk-based methodology, including any risks or control concerns identified by management, and submit that plan to the Audit Committee for review and approval.
- Implement the audit plan, as approved, including as appropriate, special tasks or projects requested by management, the Audit Committee or the Board of Directors.
- Examine and evaluate the adequacy and effectiveness of the Bank's system of internal controls, including those pertaining to the deterrence and detection of fraudulent or illegal acts.
- Review the reliability and integrity of financial and operational information and the means used in identifying, measuring, classifying and reporting such information.
- Review the systems established to ensure compliance with those policies, plans, procedures, laws and regulations, which could have a significant impact on operations and reports, and determine whether the Bank is in compliance.
- Review projects and operations to ascertain whether results are consistent with established objectives and goals and whether the operations and projects are being carried out as planned and in accordance with the Bank's policies.
- Conduct special reviews and investigations of significant violations of the Bank's code of conduct and consulting services as directed by the Management and Board of the Bank. Special reviews or investigations requested by departments may be performed at the discretion of the Head of the Internal Audit function. Outcome of these assignments shall be communicated to Management and other parties as applicable.
- Submit quarterly reports to the Board-designated committee summarizing audit findings, recommendations, follow-up actions and emerging trends in internal auditing.
- Evaluate the adequacy of management's corrective action and performance of necessary follow-up procedures to ensure that the corrective actions/recommendations have been appropriately implemented.
- Strategic Committee Membership in the Bank
- Member, Executive Committee
- Member, Assets and Liability Committee
- Member, IT Steering Committee
Group Head, Internal Control
Skye Bank Plc
2015.06 - 2016.09
- Identify and access potential risks in all areas of the Bank's operations and determine the adequacy of mitigants that are put in place to hedge against such risks.
- Drive the review of the bank's and its subsidiaries' policies and procedures for adequacy and relevance. Circulate new policies while ensuring that outdated policies are overhauled in line with the industry/business dynamics and business focus of the bank.
- Periodically appraise the performance of the group to ensure that it remains focused and covers all the relevant business and operational areas of the bank that guarantee the efficiency/effectiveness of resource usage and minimal loss exposure.
- Develop, co-ordinate and drive the internal control framework and strategy for the bank and its subsidiaries that govern implementation of controls and minimize business/operational losses.
- Drive internal control strategy that will ensure zero tolerance to regulatory penalties/sanctions/contraventions to the bank with relevant head office departments/subsidiaries.
- Drive the implementation of recommendations contained in the audit reports and correction of flagged exceptions for effective remedial actions.
- Ensure that the bank complies with relevant local and international laws as it relates to its business environment while ensuring very low incidence of fraud/loss and regulatory sanctions/penalties.
- Drive the development/review of the annual work plan of the Internal Control Group with focus on critical business and operational areas of the bank and its subsidiaries.
- Co-ordinate the monitoring and implementation of the group's work plan and the collation of the deliverables thereof including the building of contingencies to accommodate unplanned changes.
- Provide quality leadership/ guidance and mentoring to all team leads and members for achievement of the group's goals.
- Proactively identify control weaknesses/gaps and strengthen operational processes/security in the IT environment of the bank and ensure safety of the bank's assets.
- Strategic Committee Membership in the Bank
- Member, Management Audit Committee
- Member, Watchlist Committee
- Member, Management Risk Committee
- Member, IT Steering Committee
- Member, Operation Policy Review Committee
- Member, IT Upgrade & Transformation Committee
Head–Compliance and Control (Chief Compliance Officer)
Skye Bank Plc
2012.03 - 2015.06
- Identify and access potential risks in all areas of the Bank's Operations and determine the adequacy of mitigants that are put in place to hedge against such risks.
- Drive the review of the bank's and its subsidiaries' policies and procedures for adequacy and relevance. Circulate new policies while ensuring that outdated policies are overhauled in line with the industry/business dynamics and business focus of the bank.
- Periodically appraise the performance of the group to ensure that it remains focused and covers all the relevant business and operational areas of the bank that guarantee the efficiency/effectiveness of resource usage and minimal loss exposure.
- Develop, co-ordinate and drive the internal control and compliance framework and strategy for the bank and its subsidiaries that govern implementation of controls and minimize business/operational losses.
- Drive internal control and compliance strategy that will ensure zero tolerance to regulatory penalties/sanctions/contraventions to the bank with relevant head office departments/subsidiaries.
- Drive the implementation of recommendations contained in the audit reports of Internal Auditors, External Auditors and CBN and correction of flagged exceptions for effective remedial actions.
- Ensure that the bank complies with relevant local and international laws as it relates to its business environment while ensuring very low incidence of fraud/loss and regulatory sanctions/penalties.
- Drive the development/review of the annual work plan of the Internal Control and Compliance Group with focus on critical business and operational areas of the bank and its subsidiaries.
- Co-ordinate the monitoring and implementation of the group's work plan and the collation of the deliverables thereof including the building of contingencies to accommodate unplanned changes.
- Provide quality leadership/ guidance and mentoring to all team leads and members for achievement of the group's goals.
- Proactively identify control weaknesses/gaps and strengthen operational processes/security in the IT environment of the bank and ensure safety of the bank's assets.
- Strategic Committee Membership in the Bank
- Member, Management Audit Committee
- Member, Watchlist Committee
- Member, Management Risk Committee
- Member, IT Steering Committee
- Member, Operation Policy Review Committee
- Member, IT Upgrade & Transformation Committee
Head, Branch Coordination
Skye Bank Plc
2006.01 - 2006.12
- Conducting spot/snap checks on branches to confirm compliance with laid down rules, regulations and policies.
- Following up on observed operational lapses highlighted in Internal Audit/Internal Control/Compliance/Regulatory Authorities' reports with a view to ensuring that they are corrected.
- Monitoring the prompt rendition of returns by branches to relevant H/O departments and Regulatory Authorities.
- Supervision of the regional MICR cheques printing centres to ensure promptness and efficiency in service delivery.
- To ensure operational efficiency in our branches through constant improvement in processes and cleanliness of branches' books.
- Organizing training/workshops for operational staff in branches for knowledge acquisition, efficient service delivery to customers and promotion of the bank's corporate brand.
- Reviewing operational policies and procedures and making recommendations for Improvement.
- Ensuring efficient cash management in the bank.
- Provision of working tools and staffing for seamless Branch operation in the appropriate quantity, quality and mix.
- Supervising branch development to ensure prompt completion of construction.
Senior Manager, Finance
EIB International Bank Plc
2005.06 - 2005.12
- Preparation Of Management Accounts/reports
- Financial/budgetary control/preparation of Annual Budget
- Rendition of Statutory Returns
- Effective handling of Treasury and International Operations
- Corporate planning and Branch Development
- Fixed Assets administration
- Cash management and Clearing operations
- Settlement & payment of contractors/suppliers bills
Deputy Head of Finance
Gateway Bank of Nig Plc
1991.12 - 1999.11
- Developing strategies for blue chip organizations & government ministries & agencies
- Preparation Of Management Accounts/reports
- Financial/budgetary control
- Rendition of Statutory Returns
- Corporate planning and branch development
- Preparation of Budgets
- Performance Of Some Ad-Hoc Jobs For The Bank e.g.
- Member, Bank's Asset s Verification Committee
- Member, Staff Audit Committee
- Member, Editorial Board of Gateway News
- Member, Best Branch Award Committee
- Member, Recapitalisation, Marketing & Awareness Committee
Senior Accountant
Ogun State Housing Corporation, Abeokuta
1986.12 - 1991.11
- Preparation Of Management Accounts
- Budget Preparation, Control & Monitoring
- Accounting For & Costing Of Housing Projects
- Supervising the preparation Of Bank Reconciliation Statements
- Managing Mortgagors' Accounts
Education
B.Sc. - Banking & Finance
Ogun State University
Ago-IwoyeHND - Accountancy
Yaba College of Technology
LagosOND - Accountancy
Ogun State Polytechnic
AbeokutaSkills
- Good team player
- Risk Oversight, Governance, and Compliance
- Data Analytics and Cybersecurity Audits
- Regulatory Technology Awareness
- Risk-Based Digital Audit
- Strong analytical and interpersonal skills
REFERENCES
Available on request
HOBBIES
Reading, playing table-tennis and making friends
Affiliations
- Fellow, Institute of Chartered Accountants of Nigeria (ICAN)
- Fellow, Chartered Institute of Bankers of Nigeria (CIBN)
- Fellow, Chartered Institute of Taxation of Nigeria (CITN)
- Alumnus of both the London Business School and Lagos Business School
- Member, The Institute of Internal Auditors (IIA)
- Member, Association of Certified Anti-Money Laundering Specialists (ACAMS)
COURSES ATTENDED WITH DATES
- Cybersecurity future readiness and risk-based auditing – preparing the internal audit function for emerging risks, Mauritius 2025
- The role of the Internal Auditor in promoting stability in the Financial Services sector 2024
- The Imperatives for the Chief Audit Executives in the Digital Age 2023
- Next-Level Leadership programme at the London Business School 2022
- Practical training on Combined Internal Auditing organized by ACAEBIN in Lagos 2022
- SWIFT International Banking Operations Symposium, United Kingdom 2019
- AML/CFT training for Senior Management Staff of Polaris Bank Limited 2019
- The Global Cyber Security Financial Summit, Orlando, United States of America 2018
- Practical training on Data Analytics in South Africa organized by Platinum Edge Consulting 2018
- Understanding the dynamics of emerging trends in policy, legal and administrative Framework of taxation in Nigeria for efficient service delivery 2018
- AML/CFT training for Senior Management Staff of Skye Bank Plc 2012 to 2017
- The 32nd Cambridge International Symposium on Economic Crime organized by Jesus College, Cambridge University UK 2014
- The 31st Cambridge International Symposium on Economic Crime organized by Jesus College, Cambridge University UK 2013
- AML/CFT training on Risk-Based Approach to Compliance organized by DowntonHill UK 2012
- ICAN Conference “The Dawn of Transformation: Embracing Change & Seizing Opportunities” 2011
- AML course tagged “The Three Lines of Defence” organized by the Committee of Chief Compliance Officers of Banks in Nigeria 2010
- Senior Management Programme (SMP32) at Lagos Business School 2008
- Effective Leadership organized by OCL Options Consult Limited 2007
- Recent Issues on new Basle Accord organized jointly by CBN & NDIC 2004
- Overseas computer training on the new bankmaster RS system upgrade facilitated by MISYS Dublin, Ireland 2003
- Current issues in taxation Organized by the Institute of Chartered Accountants of Nigeria (ICAN) 2000
- Equipment Leasing (Tax Considerations & Analysis) Organized By Equipment Leasing Association of Nigeria (ELAN) 1993
- Effective Auditing System Organized By University Of Ibadan 1996
- Bank Data Entry (DBE) Module of Bank Analysis System (BAS) Organized By CBN 1998 & 1999
BIO-DATA
- Sex: Male
- Date of Birth: March 5, 1966
- Marital Status: Married
- State of Origin: Lagos
- Local Government Area: Epe
Timeline
Chief Audit Executive
Polaris Bank Limited
2018.09 - 2026.03
Chief Internal Auditor
Skye Bank Plc
2016.10 - 2018.09
Group Head, Internal Control
Skye Bank Plc
2015.06 - 2016.09
Head–Compliance and Control (Chief Compliance Officer)
Skye Bank Plc
2012.03 - 2015.06
Head, Branch Coordination
Skye Bank Plc
2006.01 - 2006.12
Senior Manager, Finance
EIB International Bank Plc
2005.06 - 2005.12
Deputy Head of Finance
Gateway Bank of Nig Plc
1991.12 - 1999.11
Senior Accountant
Ogun State Housing Corporation, Abeokuta
1986.12 - 1991.11
B.Sc. - Banking & Finance
Ogun State University
HND - Accountancy
Yaba College of Technology
OND - Accountancy
Ogun State Polytechnic