JUSTICE YAW ADDAE
Tema
Summary
Seasoned Internal Audit Manager. Possess comprehensive experience in risk management, internal controls assessment, and financial reporting. Strengths include strong analytical skills, effective communication abilities, and strategic planning expertise. Notable impact made by streamlining audit processes and implementing cost-effective solutions in previous roles.
Overview
18
18
years of professional experience
Work History
Supervisor, Business and Supports Function, Audit
Consolidated Bank Ghana Limited
Accra
01.2024 - Current
- Directed and organized the finalization of financial, operational, compliance audits.
- Developed audit programs to ensure that internal control objectives were met.
- Reviewed audit results with management and identified corrective action plans for improvement.
- Supervised a team of auditors in developing test procedures, performing tests, documenting results, and preparing reports.
- Performed follow-up reviews on previously identified issues to ensure timely resolution of outstanding items.
- Provided guidance and training to staff members regarding audit techniques and procedures.
- Drafted reports summarizing audit findings and recommending solutions for identified problems.
- Identified opportunities for process improvements by analyzing current practices against industry best practices.
- Communicated effectively with stakeholders at all levels throughout the organization regarding audit findings.
- Wrote reports, authored papers and organized supporting documentation.
Internal Audit Officer, Business and Support Functions
Consolidated Bank GH Ltd
Accra
06.2021 - Current
- Report to the Business and Support Functions Audit Supervisor to assist with the implementation of internal auditing policies, procedures, and programs for business and support functions.
- Ensure the completeness of audit working papers, which document the various phases of each audit assignment, and support individual findings and recommendations.
- Document all observations regarding operations and transactions audited, highlighting any weaknesses, discrepancies, and making recommendations for the resolution of identified problems.
- Assist in drafting audit reports for the entire assignment or a portion of the assignment.
- Assist in identifying potential cost-saving opportunities by highlighting process inefficiencies in the business units.
- Compile a variety of pre-audit information for both financial and operational audits of specified operations and/or transactions.
- Participate in the discussions at the Entry and Exit meetings, and document the minutes as required.
- Carry out auditing in the business units at the request of the respective audit supervisor.
Treasury Operations Officer (Bills and Investments)
Consolidated Bank GH Ltd
Accra
08.2018 - Current
- Process Treasury Bill purchases and redemption
- Process all Treasury Bill rediscounts and takeovers
- Performance of customer due diligence procedure to satisfy KYC requirement for creation of securities accounts on behalf of clients via the CSD platform
- Process all Approved Forex Sales and Purchases
- Update daily system rates
- Conduct Call over of the day’s transactions
- Ensure daily update of reports
- Providing exceptional client service at all times (internal and external clients) and timely resolution of queries; ensuring risk issues are escalated in a timely manner
- Resolve and close outstanding reconciliation items
- Ensure the timely and efficient reconciliation of the actual securities-held accounts
- Check, confirm and process all secondary market trades with counterparties and on behalf of client
- Ensuring the settlement of secondary market trades daily
- Participation in the primary auction through the submission of weekly bids for treasury bills, notes and bonds
- Ensure the archiving of all vouchers as required by internal policies
- Initiation and matching of repurchase agreements on behalf of the bank
- Ensure adherence to risk management practices by complying with operational procedures, policies and guidelines
- Perform duties in an effective way ensuring maximum Customer service, SLAs and TAT
Treasury Operations Officer
Unibank Ghana Ltd
Accra
04.2016 - 08.2018
- Deal Capture, Trade Entry, and Confirmations
- Promptly sending and checking for confirmation from counterparties.
- Identification of product, counterparty, and currency index.
- Ensuring that telephone confirmation is followed up with the exchange of written or electronic confirmations via SWIFT.
- Ensuring the verification of settlement instructions against those contained in the trade agreement.
- Ensuring the generation of amended confirmation, and the receiving of amended confirmation, when there are discrepancies and errors corrected.
- Organize and formulate various treasury bills, notes, and bond purchase requests on behalf of the clients and the bank via the auction platform.
- Monitoring the investments of customers and the bank with the BOG until maturity.
- Ensuring the generation of clients' IDs via the CSD platform.
- Reversing incorrect deals.
- Monitoring securities held on behalf of the bank by the Central Securities Depository (CSD).
- Discounting and rediscounting of various investment instruments per customer’s request.
- Monitoring the receipt of dividends, interest payments, and corporate actions on behalf of the Custodian Unit.
- Prioritizing trade settlement, considering payment cut-off times, including currency sensitivity, and the size of the amount.
- Ensure trades are matched with the counterparty on all financial details and settlement instructions before payments are released.
- Ensure transactions are always processed in advance of the payment cut-off time.
- Ensure payment instructions are in place for all outstanding trades to avoid exception handling caused by missing payment instructions at payment cut-off times.
- Ensuring the payment on behalf of customers using MT 103.
- Timely reconciliation of various internal ledger accounts, including suspense accounts.
- Resolve and close outstanding items.
- Timely identification and detection of mismatching figures.
- Ensuring the identification of the non-receipt of expected payments as early as possible.
- Ensure the escalation of unreconciled accounts to superiors.
- Ensure the reconciliation of securities held or traded by the bank with the records of the custodian, or other agents.
- Preparation of daily GIS transfers of funds below GHS 100,000.
- Money Market and Foreign Exchange Reports.
- Rediscounted Treasury bill reports.
- Reviewed and reconciled treasury accounts for accuracy.
- Monitored cash flow to ensure sufficient funds were available for daily operations.
- Developed strategies to optimize liquidity, minimize costs, and maximize returns on investments.
- Ensured compliance with internal policies and external regulations regarding financial transactions.
- Executed payments through wire transfers, ACH payments, checks or other payment methods as required.
- Provided support in the preparation of periodic financial statements and analysis of results for management review.
Direct Sales Coordinator
Capital and More
Accra
08.2013 - 07.2014
- Monitor, coordinate and analyse activities of all sale personnel’s
- Prepare reports on sales for branch managers to advise on their performance
- Constant follow up through phone calls to prospective and aggrieved customers to resolve issues
- Advice on certain account closing or opening issues brought to my attention
Marketing Officer
ZOOMLION GHANA LIMITED
Madina
06.2012 - 09.2012
- Aided in the soliciting of Janitorial and Sanitation services at New Crystal Hospital (Ashaiman)
- Played a key role in lobbying a contract for Janitorial and Sanitation services at GHACEM
- Involved in communicating services for potential customers as well as existing customers
AGENT
Fan Milk Ltd
Accra
08.2006 - 05.2012
- Involved in the recording and administration of sales by filing sales invoices and reports
- Maintained the achievement of the average sales target of ₡60,000 per month
Education
Certified Internal Auditor- PART 3 -
Institute of Internal Auditors
01.2022
High School Diploma -
INSTITUTE OF CHARTERED ACCOUNTANT GHANA
01-2022
Associate of Chartered Institute of Bankers -
Chartered Institute of Bankers Ghana
01.2019
ACI operations Certificate -
The Financial Market Association
01.2018
Bachelor of Business Administration - Marketing
Data Link University College
01.2013
Skills
- Strong team skills
- Strong communication skills
- Confident and able to deal with demanding situations
- Comfortable working toward both short- and long-term goals
- Understand SSI and settlement processing
- Committed
- Exceptional Mathematical Aptitude
- Technical skills: MS Office, including Word, Excel, PowerPoint, etc
- Proactive and positive attitude, and the desire to make a difference
Affiliations
- Chartered Institute of Bankers, Ghana
- ACI Financial Market Association
- Institute of Chartered Accountants, Ghana
- Institute of Internal Auditors, Ghana
References
- Mr. Justice Debrah, Operations Manager (Angola), Zoom Lion Ghana Ltd, 0244179708, justicedebrah@yahoo.com
- Akeem A. Ayaaba, Manager, Investigations and Quality Assurance, Consolidated Bank Ghana Ltd, 0244460721, sekyere.richard@yahoo.co.uk
Relevanttraining
- Banking Operations Management (Banking College)
- Banking Mastery
- Appreciation of International Trade Workshop
- Treasury Management
Languages
English
First Language
References
References available upon request.
Timeline
Supervisor, Business and Supports Function, Audit
Consolidated Bank Ghana Limited
01.2024 - Current
Internal Audit Officer, Business and Support Functions
Consolidated Bank GH Ltd
06.2021 - Current
Treasury Operations Officer (Bills and Investments)
Consolidated Bank GH Ltd
08.2018 - Current
Treasury Operations Officer
Unibank Ghana Ltd
04.2016 - 08.2018
Direct Sales Coordinator
Capital and More
08.2013 - 07.2014
Marketing Officer
ZOOMLION GHANA LIMITED
06.2012 - 09.2012
AGENT
Fan Milk Ltd
08.2006 - 05.2012
Certified Internal Auditor- PART 3 -
Institute of Internal Auditors
High School Diploma -
INSTITUTE OF CHARTERED ACCOUNTANT GHANA
Associate of Chartered Institute of Bankers -
Chartered Institute of Bankers Ghana
ACI operations Certificate -
The Financial Market Association
Bachelor of Business Administration - Marketing
Data Link University College
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