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Festus Igwegbe

@festusigwegbe

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Risk and Compliance Executive at Carbon Microfinance Bank, strengthening fraud controls and audit readiness.

Nigeria

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What I'm looking for

I’m open to global and remote opportunities.

At Carbon Microfinance Bank, I lead strategic fraud detection and AML investigations, analyze transaction patterns, and report audit findings to Management and Board Committees. My work has enhanced audit readiness and control testing, improving compliance adherence by 30%.

At Prospa Technologies, I designed an enterprise risk management framework and built compliance infrastructure, including KYC/AML systems for digital onboarding. Targeted controls helped avoid ₦100M+ in potential fraud losses, while chargeback losses fell by 20%.

Across financial services and fintech, I’ve worked in enterprise risk, regulatory compliance, credit risk, and internal audit. I hold a Designate Compliance Professional certification and am open to global and remote opportunities.

Experience

Work history, roles, and key accomplishments

Current

Manager, Internal Audit & Fraud Management

Current

Carbon Microfinance Bank

Mar 2024 - Present (2 years 7 months)

Led strategic fraud detection and AML investigations, supporting cross-border regulatory compliance. Analyzed transactional patterns and risk exposure, implemented proactive fraud controls, and reported audit findings to Management and Board Committees.

Fraud Detection AML Investigations Regulatory Compliance Transaction analysis Risk Assessment Audit Reporting Control Testing

Head, Risk & Compliance

Prospa Technologies

Jun 2022 - Mar 2024 (1 year 9 months)

Designed ERM framework and compliance programs, aligning with CBN and FATF regulations. Built compliance infrastructure from ground up, implemented KYC/AML systems for digital onboarding, and achieved over ₦100M in potential fraud loss avoidance.

Enterprise Risk Management Regulatory Compliance KYC AML FATF CBN Regulations Fraud Prevention Compliance Program Development Risk Assessment

Head, Credit & Risk Management

Mkobo Microfinance Bank

Nov 2021 - Jun 2022 (7 months)

Developed ERM register and credit risk policies aligned with business strategy and regulatory standards. Oversaw deployment of automated risk decision engine and credit scorecards, and conducted scenario analysis and stress testing.

Credit Risk Management Enterprise Risk Management Policy Development Risk Engines Credit Scoring Performance Testing scenario analysis

Risk & Compliance Officer

Ekondo Microfinance Bank

Nov 2017 - Nov 2021 (4 years)

Implemented vendor risk strategies, saving over 50% in operational costs. Detected and prevented high-risk loan disbursements through transaction data analysis, and strengthened compliance culture through training.

Vendor Risk Management Transaction analysis Loan Risk Assessment Compliance Training Operational Cost Reduction

Customer Service Manager

Diamond Bank

Jul 2007 - May 2016 (8 years 10 months)

Drove cost savings by optimizing vendor and ATM operations, yielding over ₦9M in non-interest income. Improved cash management and reduced vault exposure to meet insurance limits.

Vendor Management ATM Operations Cash Management Cost Optimization Operational Efficiency