Owai Ofem

A dedicated Risk Analyst with over 6 years of progressive experience in Operational Risk, Business Continuity Management, Portfolio Reporting, and Market & Liquidity Risk Management. Skilled at applying problem-solving abilities and effective task prioritization to deliver risk insights and assurance that empower executive management in making informed, strategic decisions. Recognized for strengthening risk frameworks, enhancing organizational resilience, and supporting sustainable business growth.

OPERATIONAL RISK ANALYST - FIDELITY BANK PLC

(2024-10)

• Collated & analyzed Loss Data, KRIs and other risk indices across strategic business units (SBUs) in the bank.
• Capture, validate, and classify operational risk incidents and near-misses reported by first-line teams, ensuring completeness and consistency of loss data.
• Prepare detailed reports on operational losses, risk exposures, and incidents for executive management, making recommendations for improvement.
• Track remediation actions to closure and escalate overdue or unresolved items to the Head of Operational Risk Management.
• Conduct Risk and Control Self-Assessment (RCSA) exercise across all functions in the Bank.
• Performed risk evaluations on processes, systems and policies in the Bank's strategic business units to identify areas of improvement and implement remedial actions.
• Escalated KRI breaches to management and worked with the risk owners to ensure breaches are reduced to acceptable threshold.
• Review departmental risk registers and highlight emerging risks
• Maintain and update the operational risk register, ensuring entries are accurate, current, and aligned with the bank's risk taxonomy.
• Prepared periodic reports to the Board and Senior Management highlighting areas with high-risk exposure and suggesting mitigation strategies to manage these risks.
• Performed new products risk assessments.
• Collaborate with stakeholders on operational risk issues (e.g., Vendor Risk Management, Compliance, Information Security)
• Performed Business Impact Assessment for Critical Units by identifying critical processes and dependencies to ensure processes can run in the event of a disruption.
• Scheduled & coordinated routine Business Continuity Tests and Exercises Bank wide. These include and are not limited to Call tree test, relocation exercises, tabletop exercises etc.
• Facilitated vendor risk assessments to ensure that the vendors have robust Business Continuity & Disaster recovery plans.
• Perform environmental scanning and advise Management on risks to the Business, conduct research and propose new ideas to aid management of Op-Risk
• Facilitate Bank-wide ORM training and sensitization programs, ensure risk culture is embedded in the system through sensitization programs and training bank-wide.

OPERATIONAL RISK ANALYST - HERITAGE BANK PLC

(2022-09 - 2024-06)

• Conduct Risk & Control Self-Assessment of processes to identify ineffective controls and provide mitigants across strategic business units
• Prepare and maintained the bank-wide Loss-data in conformity with global best standards.
• Collaborated with the IT Team to develop a Loss Data Application (Risk Logger) to Log Risk Incidences and Key Risk Indicators Bank wide.
• Performed risk evaluations on processes, systems and policies in the Bank's strategic business units to identify areas of improvement and implement remedial actions.
• Prepared periodic reports to the Board and Senior Management highlighting areas with high-risk exposure and suggesting mitigation strategies to manage these risks.
• Escalated KRI breaches to management and worked with the risk owners to ensure breaches are reduced to acceptable threshold.
• Drove the Risk and Control Self-Assessment exercise across all functions in the Bank.
• Performed Business Impact Assessment for Critical Units by identifying critical processes and dependencies to ensure processes can run in the event of a disruption
• Scheduled & coordinated routine Business Continuity Tests and Exercises Bank wide. These include and are not limited to Call tree test, relocation exercises, tabletop exercises etc.
• Facilitated vendor risk assessments to ensure that the vendors have robust Business Continuity & Disaster recovery plans.
• Assisted the team in Coordinating the Bank's Sustainability Strategy from road-mapping through to implementation and subsequent reviews.
• Evaluated Environmental and Social risk and opportunities to enhance overall risk management and align them to best practices and standards.

MARKET RISK & LIQUIDITY RISK OFFICER - HERITAGE BANK PLC

(2021-02 - 2022-09)

• Initiated and uploaded the Bank's daily market rate on both Finacle Treasury & Finacle Core for mark to market purpose (MTM).
• Uploaded data on market risk indicators on the Enterprise Risk Dashboard.
• Responsible for daily update of Avatar (Data Gathering)
• Monitored limits, threshold and benchmark for all market risk factors
• Developed market risk reporting templates and periodically submit the reports to management and the Board.
• Identify, measure, manage, control, and report on the Bank's exposure to market risk factors in the trading and non-trading books such that loss is minimized and returns maximized.
• Regularly reviewed and updated the Market Risk Policies.
• Generated daily market risk report on potential losses from adverse movement in interest rate, exchange rate on the Bank's portfolio.
• Prepare market risk weekly ALCO (Assets and Liabilities Committee) report to identify the total asset and liability of the Bank in other to identify any mismatch.
• Analyzed macro-economic trends. Define short, medium- and long-term economic perspectives (market risk factors) and simulate its downside risk on the Bank's on and off- balance sheet positions.
• Generated liquidity management report to bring to notice the impact of various internal and external events on liquidity of the bank as well as earning.
• Review of the balance sheet trend analysis to monitor key performance ratios in terms of liquidity, risk asset exposures, deposit concentration, earnings.
• Reviewed and evaluated the Bank's investment portfolio, compute risk parameters (VAR, duration etc.) of the banks Trading and Banking books.

PORTFOLIO REPORTING OFFICER - HERITAGE BANK PLC

(2019-05 - 2021-02)

• Daily spooling of the credit portfolio and reconciliation/proofing of the list with the risk asset GLs.
• Daily Generation of the Bank's Risk Assets
• Performed private Credit Bureau checks for new credits.
• Generated CBN CRMS reference numbers for new credits.
• Periodic appraisal of the Bank's credit portfolio to ascertain the quality of the portfolio using both GAAP and IFRS approaches.
• Periodic appraisal of the adequacy of the Bank's loan loss provision (IFRS)
• Periodic computation of Impairment using the Bank's IFRS 9 models
• Weekly preparation of the portfolio concentration reports
• Preparation and analysis of the Monthly Credit Report
• Preparation and analysis of the Monthly Business segment Credit reports
• Preparation of weekly, monthly, quarterly, bi-annual, annual, and ad-hoc Group reports within stipulated deadlines in line prescribed formats and stipulated deadlines
• Active collaboration with Finance to resolve all unreconciled issues concerning the reports sent.
• Collation of documents and information required by regulators and auditors during examinations and audits.
• Monthly Credit bureau data extraction and submission.
• Preparation and triggering accounts for Global Standing Instruction (GSI) quarterly.
• Preparation and analyses of periodic Board reports
• Active involvement in the periodic stress testing process
• Periodic review of the portfolio with the view to identifying accounts eligible from write- offs/transfer to memorandum.
• Other portfolio monitoring and review related duties and as assigned by the Supervisor.
• Management of the Intervention funds process and reporting (i.e., CBN, BOI, etc.)
• Preparation and submission of the Monthly Regulatory CAR reports.
• Responsible for the control and monitoring of the bank's end to end credit application (credit plus).

Master in Business Administration - Ahmadu Bello University

Diploma - Business Intelligence and Dashboard Creation - Baze University (2025)

Bachelor of Public Health - Public Health - University of Calabar (2015)