FCMB gets new Executive Director

Mrs. Oluwatoyin Olaiya has been appointed as the Executive Director, Risk & Compliance by the Board of Directors of First City Monument Bank Limited.

This comes after approval by the Central Bank of Nigeria (CBN).

Mrs. Olaiya is a finance and risk management professional with over 30 years’ experience.

She was the Chief Risk Officer/Divisional Head Risk Management, FCMB, overseeing Enterprise Risk Management, Risk Policy, Credit Administration, Credit Underwriting and Monitoring before assuming her new role.

She has 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, The Nations reports.

She started her career as an auditor with KPMG, from where she moved to various roles in domestic operations, internal audit, business development, financial control, compliance and enterprise risk management in the banking industry.

She joined FCMB in 2016 from Sterling Bank, where she was the Acting Chief Risk Officer.

Mrs. Olaiya is an Accounting graduate of the University of Ife (now Obafemi Awolowo University), and a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN).