New executive risk director for First City Monument Bank

Oluwatoyin Olaiya has been appointed as executive director, risk and compliance of First City Monument Bank Limited (FCMB), the banking arm of FCMB Group in Nigeria.

This follows approval from the Central Bank of Nigeria (CBN).

Ms Olaiya is a finance and risk management professional with more than 30 years of experience. Prior to her appointment, she was the chief risk officer/divisional head risk management at FCMB, overseeing enterprise risk management, risk policy, credit administration, credit underwriting and monitoring.

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”, said the FCMB in a statement.

Ms Olaiya 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. She joined FCMB in 2016 from Sterling Bank, where she was the acting chief risk officer.

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