Summary
Overview
Work History
Education
Skills
Certification
References
Languages
Languages
Timeline
Generic
Stephen Avornyoh

Stephen Avornyoh

Accra

Summary

An accounting, banking and finance professional, with excellent written and oral communication skills, and highly motivated to achieve ambitious goals. With about 20 years' combined work experience in Leading and People Management and Development, Accountancy, Audit, Finance, Risk Management, General Banking Operations and Business Development, obtained while working with different organisations with varied work ethics and cultures, I am adaptable and able to join or build new teams and to create, protect or add value.

Overview

22
22
years of professional experience
1
1
Certification

Work History

Chief Risk Officer

Izwe Savings and Loans Plc
11.2021 - Current
  • Tasked to create a control environment that is highly compliant with regulatory prescriptions without losing sight of the business needs.
  • To ensure that business risks are managed to the extent that Risk adjusted Return are positive at all times.
  • To collaborate with other control functionaries to ensure that fraud and other operational losses are reduced to the barest minimum.
  • To put in systems that secure the cyber platforms of the institution.
  • To build capacity in risk awareness, risk reporting and risk controls across the institution.

Head of Credit Management

OmniBSIC Bank Ltd
Accra
07.2019 - 10.2021
  • Tasked to create a credit management system that supported the value chain strategy of the Bank.
  • Introduced strategies that assured high portfolio quality of the Bank.
  • Build systems that ensured that the customer selection criteria of the Bank was robust and dynamic.
  • Deployed policies, procedures and processes manuals and standards for credit operations.
  • Trained and developed capacity of all staff engaged in lending business and credit administration.

Executive Head, Credit Management

OmniBank Ltd
Accra
07.2017 - 06.2019
  • Tasked to create an independent credit department that manages the lending business of the Bank.
  • Deployed strategies, systems, structures and people for end-to-end management of credit; from origination, analysis, underwriting, administration, account management and remedial.
  • Maintained credit portfolio quality, efficiency, and speed in the delivery of credit.
  • Built systems for the management of credit risks associated with personal banking and SME lending.
  • Sensitized and built capacity corporate-wide on credit and credit management as key income driver for the Bank.

Executive Head, Risk Management

OmniBank Ltd
Accra
11.2016 - 06.2017
  • Managed the enterprise risk of the Bank.
  • Ensured that risk adjusted return was in line with long-term strategy of the Bank.
  • Built systems for the management of compliance risk in the universal banking setting.
  • Sensitized and built capacity corporate-wide to appreciate and fully implement compliance and risk management standards without losing flexibility and efficiency.
  • Strengthened the early warning systems in the management of operational risks associated with new payment and settlement systems.

Executive Head, Risk Management

Union Savings & Loans Ltd
Accra
05.2014 - 11.2016
  • Tasked to ensure that risk adjusted return was in line with long-term strategy of the Bank.
  • Sensitized and built capacity corporate-wide to appreciate and fully implement compliance and risk management standards without losing flexibility and efficiency.
  • Strengthen the early warning systems in the credit management cycle to anticipate, measure, and mitigate risk at any point in time using both preventive and curative strategies.
  • Developed a resilient loan recovery and arrears management culture that was Robust, Consistent and Persistent.
  • Developed structures for Operational Risk, Financial Risk and IT Security Risk Management.

Head of Credits

NDK Financial Services Ltd
Accra
12.2010 - 04.2014
  • Tasked to create financial value for the organization and sustained profitability.
  • Projected good corporate image, and affected positively the values of the organization through excellent customer care.
  • Managed and retained a portfolio of customers, built and sustained long-term relationships founded on trust, reliable and efficient support.
  • Prospected for new customer and developed new businesses through industry research.
  • Trained, coached and motivated teammates to remain focused on organizational goals.
  • Ensured discipline, created enabling work environment for efficient performance.
  • Continuously monitored portfolio to ensure and enhance quality.
  • Liaised with Recovery Department on status of non-performing facilities referred.
  • Shared industry knowledge with teammates and colleagues to affect decisions.
  • Presented facility requests to credits committee for consideration.
  • Submitted periodic reports with recommendations to management for effective decision.

Credits Executive

NDK Financial Services Ltd
Accra
12.2007 - 11.2010
  • Interviewed, assessed and appraised facility requests.
  • Recommended to Credits Committee for consideration and approval of facilities.
  • Ensured as much as possible that all conditions for facility approval were adhered.
  • Ensured that security provided for facilities were in accordance with set criteria.
  • Monitored and followed up on facilities to ensure adherence to scheduled repayments.
  • Recommended to management, recovery actions for delinquent customers.
  • Prepared and submitted monthly, quarterly, half yearly and annual returns to the Banking Supervision Department of the Bank of Ghana in compliance to PNDCL 328.
  • Ensured as much as possible that facilities were appraised in accordance with Credit Policy and statutory guidelines.
  • Raised red flags on non-performing accounts to the Head of Credits for strategic review or onward movement to the Loan Recovery Department for necessary action.
  • Served as marketing agent of products and services on offer at NDK Financial Services.
  • Offered suggestions on best practices for both external and internal clients.

Regional Accountant

Community Water and Sanitation Agency
Greater Accra
09.2005 - 11.2007
  • Company Overview: Under the DANIDA funded WSSPS II programme
  • Tasked to ensure financial discipline, and performed on the WSSPS programme in Accra.
  • Executed accounting procedures and duties in accordance with Government of Ghana (GoG) and Donor Guidelines.
  • Prepared monthly and quarterly financial statements for GoG and Danida.
  • Monitored Water and Sanitation Development Boards (WSDB) accounting procedures in accordance with GoG and Danida guidelines.
  • Established financial and administrative procedures for disbursement of District Water and Sanitation fund.
  • Prepared and/or reviewed monthly payroll.
  • Planned, monitored and supervised the procurement of goods and services.
  • Monitored and reviewed Internal Control Mechanism to ensure compliance and efficiency.
  • Under the DANIDA funded WSSPS II programme

Audit Manager

AT-Ernest Dawlah, Chartered Accountants & Management Consultants
Accra
07.2005 - 09.2005
  • Prepared Technical Proposal for the Audit of the Financial Management Systems of Budget and Management Centres of the Ministry of Health, Ghana.

Audit Supervisor

AT-Ernest Dawlah, Chartered Accountants & Management Consultants
Accra
01.2005 - 06.2005
  • Trained and supervised four audit assistants.
  • Conducted a Forensic Audit into the affairs of Fraga Oil Ghana Limited, Abeka-Lapaz Fuel Service Station.

Quality Control Officer

AT-Ernest Dawlah
Accra
07.2004 - 12.2004
  • Developed programme for Audit of Government Subventions and Payroll of Ho - Polytechnic for the period January 2002-June 2004, and presented a draft report thereon.
  • Managed & Implemented quality control measures and procedures.

Audit Assistant

AT-Ernest Dawlah
Accra
09.2003 - 06.2004
  • Carried out audits of companies including Sonnex Plastics & Packaging, Poly Sacks, Somotex, Allied Oil Limited, Ghana Rubber, Fast Moon, Far East Mercantile Ltd, L&L Wood Processing Ltd, Chick 'N' Lick 'N', Catholic Book Centre, M&G Pharma, Letap Pharmaceuticals, etc.

Education

Doctorate in Management (DM) -

Universidad Catolica De Murcia, San Antonio
Spain
01.2026

Master of Philosophy - Applied Leadership and Management

Graduate School of Business, Central University College
Accra
01.2025

Master of Business Administration - Finance

Graduate School of Business, Central University College
Accra
01.2009

Bachelor of Science - Accounting

School of Administration, University of Ghana
Legon, Ghana
01.2003

School Certificate/General Certificate Exams (O' Level) -

St. Martin's Secondary School
Nsawam, Ghana
01.1998

Senior Secondary School Certificate Examination -

St. Martin's Secondary School
Nsawam, Ghana
01.1997

Skills

  • Microsoft Office Suite
  • Excel
  • Word
  • PowerPoint
  • Access
  • Desktop Publisher
  • Navision Financials
  • Tally
  • Fast Advantage
  • Simply Accounting
  • QuickBooks
  • QuickBooks Pro
  • Peachtree Complete
  • Pastel
  • CustomwareNet
  • Temenos T-24
  • Finacle
  • Topaz
  • Oracle Financial Services Solution
  • Process Design
  • Re-Engineering
  • Leadership
  • Project Management
  • Training
  • Coaching
  • Strategist
  • Analytical Skills
  • Negotiation Skills
  • Excellence
  • Integrity
  • Loyalty
  • Dedication
  • Relationships
  • Teamwork
  • Inspirational
  • Aspirational
  • Regulatory compliance
  • Financial analysis
  • Risk management
  • Legal risk management
  • Compliance monitoring
  • Environmental risk management
  • Enterprise risk management
  • Credit risk analysis
  • Operational risk management
  • Internal controls
  • Risk mitigation
  • Information security
  • Risk assessment
  • Reporting and documentation
  • Business process modeling
  • Needs assessments
  • Analytical thinking
  • Product development
  • Attention to detail
  • Financial advising
  • Customer needs assessment
  • Project management
  • Team leadership
  • Risk reporting
  • Due diligence
  • Verbal and written communication

Certification

  • Certified Operational Risk Professional, IABFM Dubai, UAE, 2016
  • Association of Chartered Institute of Bankers, ACIB Ghana, 2014

References

Available upon request.

Languages

English

Languages

English
Proficient
C2

Timeline

Chief Risk Officer

Izwe Savings and Loans Plc
11.2021 - Current

Head of Credit Management

OmniBSIC Bank Ltd
07.2019 - 10.2021

Executive Head, Credit Management

OmniBank Ltd
07.2017 - 06.2019

Executive Head, Risk Management

OmniBank Ltd
11.2016 - 06.2017

Executive Head, Risk Management

Union Savings & Loans Ltd
05.2014 - 11.2016

Head of Credits

NDK Financial Services Ltd
12.2010 - 04.2014

Credits Executive

NDK Financial Services Ltd
12.2007 - 11.2010

Regional Accountant

Community Water and Sanitation Agency
09.2005 - 11.2007

Audit Manager

AT-Ernest Dawlah, Chartered Accountants & Management Consultants
07.2005 - 09.2005

Audit Supervisor

AT-Ernest Dawlah, Chartered Accountants & Management Consultants
01.2005 - 06.2005

Quality Control Officer

AT-Ernest Dawlah
07.2004 - 12.2004

Audit Assistant

AT-Ernest Dawlah
09.2003 - 06.2004

Doctorate in Management (DM) -

Universidad Catolica De Murcia, San Antonio

Master of Philosophy - Applied Leadership and Management

Graduate School of Business, Central University College

Master of Business Administration - Finance

Graduate School of Business, Central University College

Bachelor of Science - Accounting

School of Administration, University of Ghana

School Certificate/General Certificate Exams (O' Level) -

St. Martin's Secondary School

Senior Secondary School Certificate Examination -

St. Martin's Secondary School

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