VFD Microfinance Bank, a leading institution in the Nigerian financial sector, has recently announced the appointment of Temitope Osinubi as the new General Manager for Audit, Control, and Compliance. This strategic appointment underscores the bank’s commitment to ensuring robust governance, transparency, and adherence to the highest regulatory standards as it continues to deliver on its vision of promoting financial inclusion and sustainable banking.
Temitope Osinubi joins VFD Microfinance Bank with an impressive academic and professional background. She holds a Master of Science (M.Sc.) degree in Actuarial Science from the prestigious University of Lagos, in addition to a Bachelor of Science (B.Sc.) in Mathematics from Olabisi Onabanjo University. As a Certified Internal Auditor (CIA), Temitope brings with her a wealth of experience, particularly in the areas of internal audit, compliance, and control, which are crucial to the success of any financial institution in today’s highly regulated environment.
With over a decade of experience in the banking industry, Temitope began her career at GTBank, where she swiftly distinguished herself as a diligent and dedicated leader. Her expertise spans various facets of banking, particularly in internal audit and control, where she has consistently demonstrated a passion for excellence and an unwavering commitment to regulatory compliance and operational efficiency.
Temitope has led significant initiatives throughout her career. One of her notable achievements is the development of Anti-Money Laundering (AML) risk rating parameters—a critical component in ensuring banks maintain the integrity of their financial systems and comply with global anti-money laundering standards. She has also played a pivotal role in driving process improvements across multiple functions within the institutions she has worked for, demonstrating her ability to enhance operational efficiencies while mitigating risks.
Her technical expertise extends further into regulatory compliance, where she has successfully conducted audits on various financial models, including the Expected Credit Loss (ECL) Model and the Internal Capital Adequacy Assessment Process (ICAAP). These audits are crucial to ensuring that banks not only meet regulatory requirements but also maintain financial health by accurately assessing and managing risks associated with credit losses and capital adequacy.
In addition to her day-to-day responsibilities, Temitope remains actively involved with the Global Institute of Internal Auditors (IIA), a professional body that promotes the advancement of internal auditing. Her engagement with IIA reflects her commitment to continuous professional development, ensuring that she remains at the forefront of industry trends and global best practices in audit and compliance.
Temitope’s appointment as General Manager for Audit, Control, and Compliance comes at a pivotal time for VFD Microfinance Bank, as the bank continues to expand its operations and services across Nigeria. Her extensive experience and deep understanding of the regulatory landscape position her to make an immediate and lasting impact on the bank’s audit and compliance functions.
As the financial industry evolves, VFD Microfinance Bank remains committed to upholding the highest standards of governance, risk management, and compliance. With Temitope Osinubi at the helm of the Audit, Control, and Compliance department, the bank is poised to strengthen its internal controls, enhance its risk management processes, and continue to build trust with its customers, stakeholders, and regulators.
Her appointment is not only a testament to her expertise but also to the bank’s vision of empowering talented professionals to lead the institution toward a more secure and prosperous future. Temitope’s leadership will undoubtedly play a crucial role in maintaining the bank’s reputation as a trusted and reliable financial partner, while also contributing to its long-term growth and success.
With her impressive track record and unwavering dedication, Temitope Osinubi is set to lead VFD Microfinance Bank’s Audit, Control, and Compliance division to new heights, ensuring that the bank remains a pillar of integrity and excellence in the financial industry.
VFD Microfinance Bank is a dynamic financial institution committed to providing innovative banking solutions to individuals, SMEs, and corporate organizations in Nigeria. The bank’s focus on customer satisfaction, transparency, and compliance sets it apart as a leader in the microfinance sector, driving financial inclusion and sustainable growth across the country.
