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Yetunde Morafa

@yetundemorafa

Head of Regulatory Returns at Zenith Bank. Nineteen years in FX, treasury and correspondent banking operations, Nostro, SWIFT and settlement.

Nigeria

Message

What I'm looking for

I am looking for a manager or senior specialist role in treasury operations, middle office, correspondent banking or regulatory reporting, at a bank, development finance institution, fintech or payments company. I work from Lagos and hold Nigerian work authorisation, so I am seeking a fully remote position that hires internationally, or a relocation with sponsorship.

I have spent nineteen years in FX, treasury operations and correspondent banking at Zenith Bank, which has ranked first in Nigeria by tier-1 capital for sixteen consecutive years in The Banker’s Top 1000 World Banks. I lead a five-person team responsible for about twenty FX, treasury and correspondent banking returns covering roughly one million transactions each month, alongside a consolidated treasury blotter of about seven thousand position transactions.

My work spans multi-currency liquidity in USD, EUR and GBP, FX positions and revaluation, settlement of spot, forward, swap, futures and NDF trades, SWIFT and offshore payments, Nostro and Vostro accounts, IMTO flows, CBN auctions, and relationships with local and offshore correspondent banks. I turn position, liquidity and regulatory risk information into reporting that senior management can act on.

I was central to the Calypso treasury management system implementation, covering data migration, testing, validation and workflow integration, and the migration closed at 100 per cent record accuracy. I specified the Calypso and Oracle Flexcube reporting that removed 79 per cent of the manual steps from the reconciliation and returns process. A forensic review of FX transactions that I ran recovered misallocated funds where a naira amount had been paid out as its dollar equivalent, so the entries balanced while the currency legs did not agree, and it led to a real-time ledger review desk.

I am a Chartered Accountant with ICAN and an Executive MBA candidate at Babcock Business School. I am open to manager and senior specialist roles across treasury operations, middle office, FX operations and settlement, correspondent banking, regulatory reporting and cross-border payments.

Experience

Work history, roles, and key accomplishments

Current

Head, FX and Treasury Regulatory Returns

Current

Zenith Bank PLC

Jun 2026 - Present (3 months)

Lead a five-person team preparing and validating about 20 FX, treasury and correspondent-banking returns covering roughly one million transactions monthly. Manage a consolidated treasury blotter of about 7,000 positions each month and monitor FCTP and Net Open Position against CBN limits. Oversee foreign-currency liquidity reporting and coordinate CBN, NDIC and audit responses.

FX Treasury Correspondent Banking Regulatory Reporting Liquidity Management Swift Nostro Vostro Oracle Flexcube Team Leadership

Head, Reconciliation and Returns

Zenith Bank PLC

Apr 2019 - May 2026 (7 years 1 month)

Directed daily and month-end FX, treasury and correspondent-banking controls, including position revaluation, liquidity, ledger and Nostro reconciliation, call-over and the consolidated blotter. Led Calypso and Oracle Flexcube implementations, removed 79% of manual processing and improved turnaround by 48%. Built and mentored a five-person team.

Senior Officer, FX and Treasury

Zenith Bank PLC

Dec 2013 - Apr 2019 (5 years 4 months)

Monitored multi-currency positions and liquidity, reviewed interbank deals and identified funding gaps against maturing obligations. Performed FX revaluation and mark-to-market analysis, maintained trading blotters and calculated FX income. Executed and settled customer, bank and IMTO transactions across spots, forwards, swaps and OTC futures, including CBN auction bids and SWIFT transfers.

FX Settlements and SWIFT Officer

Zenith Bank PLC

Aug 2007 - Dec 2013 (6 years 4 months)

Settled FX and cross-border transactions across spots, forwards, swaps, interbank trades, letters of credit and IMTO flows through SWIFT. Reconciled IMTO, Nostro and Vostro accounts; proved FX open positions and foreign-currency statements; and performed transaction call-over. Prepared CBN returns and applied AML/KYC controls while liaising with local and offshore banks.