FCMB(First City Monument Bank) is a bank-led financial services group, headquartered in Lagos, Nigeria, with operating companies divided along three business groups: commercial and retail banking, investment banking and asset / wealth management.
First City Monument Bank Limited has appointed Mrs. Oluwatoyin Olaiya as executive director, risk & compliance. Mrs. Olaiya is a finance and risk management professional with over 30 years of experience. Prior to her appointment, she was the chief risk officer / divisional head, risk management at FCMB, overseeing Enterprise Risk Management, Risk Policy, Credit Administration, Credit Underwriting and Monitoring. She has been responsible for redefining the bank’s risk policies, improving risk management culture across the institution, and proactively ensuring the implementation of a cyber security strategy for the bank.
Also, the recent appointment of Mrs. Yemisi Edun as the Managing Director by the Board of Directors of First City Monument Bank (FCMB) Limited represents a significant milestone in bringing about a gender diverse workforce at the senior management and board levels in Nigerian banks. The appointment also reinforces a recent trend in the banking sector that has seen women emerging as CEOs of commercial banks.
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