CEO’s PROFILE




ABRIDGED CURRICULUM VITAE – NICHOLAS OKOE SAI

Mr. Sai is a seasoned Chartered Accountant with an extensive working experience in the financial services sector, spanning over three and a half decades. His areas of specialization include risk management, internal auditing financial accounting and information security. He is also an Executive MBA (Finance) Graduate of the University of Ghana Business School and an ISO 27001 (Information Security) Lead Auditor awarded by the Security University, Virginia, USA. Additionally, Mr. Sai holds membership of some professional bodies including the Institute of Chartered Accountants (Ghana): Institute of Internal Auditors, USA (affiliate): Institute of Risk Management, UK (affiliate), and the Ghana Association of Certified Consultants.

In order to enhance his professional proficiency, Mr. Sai attended over twenty (20) foreign courses/seminars mostly in the fields of internal auditing; enterprise risk management; accounting; banking supervision; information security and other related fields. He also had the privilege to pay working visits to some world-class institutions such as the Federal Reserve Bank (New York & Atlanta Offices); the Bank of England, and the European Central Bank (Frankfurt & Hamburg Offices) to understudy such institutions’ risk based internal auditing and enterprise risk management functions.

Mr. Sai spent most of his professional career working at the Bank of Ghana where he held a number of key positions including Head of Internal Audit, Head of Banking Supervision Department and lastly, Advisor to the Governor of the Bank.

Mr. Sai is credited with a number of significant achievements including the following:

• Delivered two days(March 10-11, 2016) Enterprise Risk Management residential seminar for the Board and Executive Management of SIC Insurance Company Limitedat the Aqua Safari Hotel, Ada.

• Solely facilitated a training program on Enterprise Risk Management, Risk Based Internal Auditing & Compliance for the insurance industry organized by the National Insurance Commission in collaboration with the Ghana Insurance College at the Coconut Groove Hotel, Elmina, held 18th – 22nd April, 2016.

• Facilitated internal audit training program in Johannesburg, South Africa organized by Pan African Training on the topic “International Professional Practices Framework and the Risk Based Internal Audit Process” held 4th-8th April, 2016.

• Has established a Consultancy Firm (NOSWIN CONSULT) offering the following services to clients:

-->Provision of professional training in risk management, internal audit and compliance.

--> Developing and implementing Enterprise Risk Management (ERM) frameworks for organizations.

-->Assisting organizations to adopt the risk based internal audit approach and to conform to the International Standards for the Professional Practice of Internal Auditing.

-->Conduct of External Quality Assessment Reviews of existing internal audit departments of organizations as required under Attribute Standard 1300 of the International Standards for the Professional Practice of Internal Auditing.

• Currently at the concluding stages of a consultancy engagement at the SIC Insurance Company Limited for the establishment of enterprise risk management, introduction of risk based internal auditing,and compliance functions in the company. This is to enable the company satisfy regulatory requirements of the National Insurance Commission.

• Delivered a lecture on the topic “International Professional Practices Framework (IPPF) and the Standards’’ at both the 2014 and 2015 Internal Auditors’ Conference organized by the Institute of Chartered Accountants, Ghana, on 12th December, 2014 & 9th September,2015 at the La Palm Royal Beach Hotel and the Fiesta Royal Hotel, respectively.

• Delivered a lecture on the topic “Enterprise Risk Management In An Organization – A Shared Responsibility” at the SIC Insurance Company Limited 50th Anniversary Business Forum held on Thursday, February9, 2012 at the Alisa Hotel, Accra.

• Prepared and presented papers to the Bank of Ghana Board of Directors for the introduction of enterprise risk management function at the Bank. The initiative resulted in the establishment of a Risk Management Department in the Bank.

• Delivered risk awareness seminars covering all levels of staff of the Bank of Ghana in preparation for the introduction of enterprise risk management function at the Bank.

• Introduced risk based internal auditing at the Bank of Ghana in line with the International Standards for the Professional Practice of Internal Auditing issued by the Institute of Internal Auditors (IIA), U.S.A.

• Developed Risk Assessment Methodology for the Bank of Ghana to guide the internal audit function at the macro level leading to the preparation of an Audit Plan yearly.

• Prepared Internal Audit Policies and Procedures Manual for Bank of Ghana to guide the internal audit function at the micro level.

• Prepared Internal Audit Quality Assurance and Improvement Program for use at the Bank of Ghana as required by the International Standards for the Professional Practice of Internal Auditing issued by the Institute of Internal Auditors - USA.

• Prepared Internal Audit Charter and Board Audit Committee Charter for adoption at the Bank of Ghana.

• Introduced the use of the “AutoAudit” and “IDEA” computer applications as a means of automating the internal audit function at the Bank of Ghana.





A quality assurance and improvement program is designed to facilitate an evaluation of the internal audit activity’s conformance with the Definition of Internal Auditing and the Standards and an evaluation of whether the internal auditors

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