Summary
Overview
Work History
Education
Skills
References
Timeline
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SILAS DOH TORKPETTEY

Accra

Summary

Analytical and professional experience with a proven track record in identifying and mitigating risks, performing audits, and delivering results. Strong leadership, problem-solving, and communication skills. with notable success in delivering client focused solutions that improve margins and adds value to business processes.

Overview

6
6
years of professional experience

Work History

Internal Audit Supervisor

GCB Bank PLC
06.2021 - Current
  • Assists in the development of the annual audit plan, execution, monitoring, and risk assessment, especially for Support Service Departments and Business Units
  • Plans, manages, and performs specialized agreed upon procedures, including determining audit objectives and scope, identifying and assessing risks, developing time budgets and audit programs, and ensuring compliance with Internal Audit work paper standards for each audit
  • Performs examinations of specialized operations to determine compliance with all pertinent statutes, policies, procedures, effectiveness in meeting operational requirements, efficiency, and sound accounting, operational and regulatory principles and practices and serves as a consultant for Departments/Business Units on such matters
  • Leads and manages audit team to ensure quality and on-time delivery of audit engagements
  • Review audit report for quality assurance, evaluating the degree of conformance to meet a standard specification or procedure
  • Evaluates and enhances internal controls to improve operational efficiency
  • Discuss audit observations, recommendations and actions to be taken with Department/Branch Leadership
  • Prepares audit reports including recommendations for improved practices and procedures, with supporting data, and review findings/recommendations with Head of Audit & Investigation
  • Evaluates results of audits performed and develop recommendations to correct deficiencies
  • Prepare and review clear and complete audit work papers and store them in the Department repository
  • Analyse and liaise with Branch/Department Leadership in resolving audit issues in a timely fashion
  • Follows up recommendations made as a result of audits to substantiate the implementation of recommended changes.

Senior Compliance Officer

GCB Bank PLC
02.2018 - 05.2021
  • Carrying out Customer Due Diligence (CDD) on high risk accounts, correspondent banks and risk profiling them to prevent regulatory penalties and sanctions
  • Update Regulatory Compliance Register with new regulations and directives and monitor for compliance
  • Prepare and file FATCA & CRS returns in accordance with the required laws
  • Review over the counter forex transaction for regulatory compliance
  • Review of Advance Payment Transactions and SME/Corporate loans for regulatory compliance
  • Timely responding to regulatory and law enforcement enquiries and enforcing full compliance with regulatory circulars
  • Monitoring and reporting unusual/suspicious transactions on customers and staff accounts to prevent fraud and money laundering
  • Reviewing transactions against blacklisted persons, entities and countries using (SWIFT Sanctions Screen) and issuing timely clearance to onboard customers
  • Investigating fraud cases and reporting timely findings and recommendations to management for action
  • Reviewing existing/new procedures and policies to ensure compliance with applicable laws/regulations and best practices
  • Facilitate training of staff on KYC, EDD and AML/CTF
  • Prepare Unit quarterly report.

Officer, Compliance & Internal Controls

Ex-UT Bank
- 08.2014
  • Created AML/CFT compliance awareness at cluster branch
  • Trained branch cluster staff on AML and FATF recommendations
  • Reported weekly to the Compliance and Control Manager
  • Recommended compliance policy that contains basic principles to guide management and staff
  • Reviewed branch operational and credit activities to ensure compliance with Operational/Credit Policies.

Manager, Compliance & Internal Controls

Ex-UT Bank
03.2016
  • Reconciliation and Financial Reporting
  • Led and managed a multi-disciplined team and making a full contribution to senior management teams while working to tight deadlines
  • Reviewed operational management of an accounts department, including debtors and creditors ledger, accounts payable and receivable, wages and salaries
  • Reviewed VAT returns, bank reconciliations and monthly and annual accounts
  • Reviewed month and year end process, accounts payable/receivable, general ledger, payroll and utilities, revenue and expenditure variance analysis, capital assets reconciliations, trust (escrow) account statement reconciliations and fixed asset activity
  • Reviewed for accuracy, reconciliation of bank accounts-NOSTROs
  • Followed up and ensured all long outstanding un-reconciled items and exceptions identified were resolved
  • Prepared quarterly report to the Board Audit & Risk committee
  • Provided leadership and guidance in integrating the overall compliance program into the bank’s strategy
  • Created AML/CFT compliance awareness throughout the bank
  • Supervised and ensured timely prepared and file Suspicious Transaction Report (STR)/Suspicious Activity Report (SAR) Currency Transaction Report (CTR) and Electronic Transaction Report (ETR)
  • Coordinated AML/KYC routine inspection by BOG & FIC
  • Supervised four (4) team members and provided input for appraisal, developing competencies and recommending appropriate training.

Team Lead, Compliance & Internal Control

Ex-UT Bank
09.2014
  • Planned controls/inspection reviews based on key processes and business risks anticipated
  • Designed review program (proof charts) in line with risks and key controls to strengthen financial and operational controls
  • Developed controls and supported the implementation of policies and procedures to ensure uniformity across business functions
  • Consolidated exceptions for timely reporting to Management and quarterly for the Board Audit & Risk Committee
  • Worked with Operations and Business Units to implement controls for risks identified and assisted in followed up on audit recommendations to ensure corrective actions are taken
  • Performed critical internal control tests and procedures on specific projects and providing timely assurance advice and support to the bank’s Project Committee prior to commencement
  • Supervised, trained, coached, and mentored four (4) team members for professional growth
  • Organized training for staff twice a year on provisions in the AML Act and other relevant laws.

Internal Audit Supervisor

Vanguard Life Assurance Co. Ltd
  • Developed audit strategy, risk-based audit plans and program for Head Office Units and Branches to deliver agreed assurance objectives to established standards, timelines and audit methodology
  • Coordinated coverage with the external auditors and ensured that each party is not only aware of the other's work but also well briefed on areas of concern
  • Made recommendations on the systems and procedures being reviewed, report on the findings and recommendations and monitor management's response and implementation
  • Provided non-assurance services to business units where required, through participation in advisory engagements/special projects
  • Investigated frauds and establishes strategies, policies and procedures to prevent and detect fraud
  • Received and reviewed audit report from Internal Audit Assistants to ensure correctness
  • Carried out periodic audits, investigations of reported cases of fraud/customers’ complaints
  • Reported reviews of products, processes and procedures of Information Technology (IT)
  • Reviewed all new insurance policies to ensure full compliance of the company’s KYC Policy
  • Payment Voucher verification, performing test checks of commission statement, test checks of premium returns, test checks of cash lodgments, verifying payment of surrender, partial withdrawals claims and policy loans.

Education

Bachelor of Law (LLB) -

Central University, Ghana
06.2023

Passed -

Chartered Institute Management Accountants UK (CIMA)
05.2021

Member -

Association of Certified Compliance Professional Africa (ACCPA)
10.2020

Member -

Chartered Institute of Bankers (GH)
04.2020

MBA Petroleum Accounting & Finance -

University of Professional Studies
05.2016

Member -

Institute of Chartered Accountants-Ghana
11.2013

Diploma in Business Studies (DBS) -

Ho Technical University
07.2002

Skills

  • Compliance, CDD & AML/CFT&P
  • Internal Audit & Controls Systems
  • Teamwork
  • Risk Management
  • Financial Reporting
  • Leadership
  • Relationship Management
  • Analytical
  • Communication
  • Time Management

References

  • Sina Kamagate, Chief Internal Auditor, GCB Bank PLC, 0243 221 442, skamagate@gcb.com.gh
  • Edwin Tettey Langmer, Senior Partner, Kings Consult, 020 202 2571; 0244 360 294, etlangmer@yahoo.com

Timeline

Internal Audit Supervisor

GCB Bank PLC
06.2021 - Current

Senior Compliance Officer

GCB Bank PLC
02.2018 - 05.2021

Manager, Compliance & Internal Controls

Ex-UT Bank
03.2016

Team Lead, Compliance & Internal Control

Ex-UT Bank
09.2014

Officer, Compliance & Internal Controls

Ex-UT Bank
- 08.2014

Internal Audit Supervisor

Vanguard Life Assurance Co. Ltd

Bachelor of Law (LLB) -

Central University, Ghana

Passed -

Chartered Institute Management Accountants UK (CIMA)

Member -

Association of Certified Compliance Professional Africa (ACCPA)

Member -

Chartered Institute of Bankers (GH)

MBA Petroleum Accounting & Finance -

University of Professional Studies

Member -

Institute of Chartered Accountants-Ghana

Diploma in Business Studies (DBS) -

Ho Technical University

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