The Board of Directors, First City Monument Bank Limited, has announced the appointment of Mrs Oluwatoyin Olaiya as executive director, risk & compliance.
A statement made available to our correspondent by the bank said the appointment followed the approval of the Central Bank of Nigeria.
The bank said Olaiya was a finance and risk management professional with over 30 years of experience.
Before her appointment, she was the Chief Risk Officer and Divisional Head, Risk Management at FCMB, overseeing enterprise risk management, risk policy, credit administration, credit underwriting and monitoring.
It added that the new executive director had been responsible for redefining the bank’s risk policies, improving risk management culture across the institution, and proactively ensuring the implementation of a cybersecurity strategy for the bank.
It said, “She started her career as an auditor with KPMG from where she moved to different roles in domestic operations, internal audit, business development, financial control, compliance and enterprise risk management in the banking industry.”
The statement added that she joined FCMB in 2016 from Sterling Bank, where she was the acting chief risk officer.