Amos Benjamin Benji
George Town,Grand Cayman
Summary
Dedicated, committed, certified internal auditor and experienced professional Accountant with over three years of regulatory experience with the Cayman Islands Monetary Authority and 8+ years of financial services audits in; East Africa (Uganda), Barbados, and the Cayman Islands. A key member of the team overseeing the registration and rollout of the virtual asset service providers regulatory regime in Cayman while designing and implementing the internal framework to manage the process. Improved audit efficiencies at Deloitte by being part of the core team that designed audit templates for the new EMS audit system, and overseeing training as a qualified Deloitte training facilitator. Reported on split accounts for about 3 key clients; being at the forefront of ensuring clients' business models, operations and reporting comply with the directive given by the Insurance regulator of Uganda to split general and life insurance businesses.
Overview
13
13
years of professional experience
1
1
Certification
Work History
Chief Analyst
Cayman Islands Monetary Authority
06.2022 - Current
- Monitoring and reviewing ML/TF/PF risk profiles of multiple regulated entities.
- Directly reviewed or supervised 70% of all Virtual Asset Service Providers ("VASPs") registrants in the Cayman Islands.
- Managed data consolidation, processing, analysis, and reporting on VASPs and all Money Laundering inspection findings and remediation progress for licensees and registrants.
- Developed sheets in MS Excel aimed at automating data science processes, planning, and review processes in both AML and VASP divisions.
- Active involvement in research and development of training material and delivering same on various factors like Virtual Assets.
- Review of AML inspection reports, interpreting findings, and recommending improvements for better quality reports going forward.
- Involvement in review and consolidation of both onsite inspection and offsite AML policies.
- Key liaison person for all VASP-related matters both internally, and for registrants, applicants, and wider industry.
- Performed system analysis, documentation, testing, implementation, and user support for platform transitions for; a new AML risk rating tool for Licensees and Registrants rolled out in 2020, and an industry interface system for reporting.
- Validated results and performed quality assurance to assess the accuracy of application data received for VASPs, suggesting improvements and ways forward.
- Part of a core team that researched, evaluated, and adopted new technologies to add value to the existing supervision of AML and VASPs.
- Evaluated staff performance and provided coaching to address inefficiencies.
- Data processing and analysis for 2 thematic reviews published by the AML division.
Senior Analyst
Cayman Islands Monetary Authority
06.2020 - 06.2022
- Monitoring and reviewing ML/TF/PF risk profiles of regulated entities
- Data consolidation, processing, analysis and reporting
- Taking the initiative in developing automated tools to enhance division monitoring and reporting
- Active participation in registration and regulation of new and emerging industries; virtual assets
- Coaching and mentoring of junior staff
- Active participation in understanding and rolling out new reporting tools; Strix.
Accountant
Steppingstones Recruitment Ltd.
12.2019 - 06.2020
- Managed a portfolio of Hedge Fund relationships
- Prepared valuation and custody reconciliations for a portfolio of funds
- Prepared and reviewed financial statements for a portfolio of Hedge Funds
- Consolidated, summarized, analyzed and reported on large insurance data using excel.
Senior Associate
PricewaterhouseCoopers
10.2017 - 09.2019
- Performed audit and other investigative procedures including loss reserves, premiums, and other related insurance balances.
- Actively participated in planning of audit engagements.
- Oversaw meetings with key client personnel discussing, among other things; audit timing, logistics, required information, and format, reporting deadlines, and extent of reviews.
- Coordinated progress meetings and reporting.
- Reviewed clients' financial statements ensuring compliance with applicable laws and regulations, and relevant accounting and reporting standards/guidelines.
Audit Senior IV
Deloitte
11.2015 - 07.2017
- Performed on-site supervision of work performed by the audit team members (3 members on average).
- Provided on-the-job training to team members.
- Coordinated group audit engagements, ensuring all group deliverables were worked upon and submitted within set deadline for consolidation purposes.
- Performed audit and other investigative tests and procedures in various areas, including loss reserving, premiums, other insurance liabilities, income tax, and deferred taxation.
- Reviewed clients' financial statements ensuring compliance with applicable laws and regulations, and relevant accounting and reporting standards/guidelines.
- Facilitated training whenever called upon.
- Reviewed other jurisdictional prepared audit files to ensure compliance with Barbados' local laws and regulations for issue.
- Made recommendations for improvements in staff performance through remedial training, and more exposure in certain technical and reporting areas.
Audit Senior III
KPMG East Africa
09.2013 - 07.2015
- Assisted clients in the preparation of year-end financial statements in compliance with applicable regulations.
- Conducted performance appraisals on all team members upon completion of each engagement/assignment in accordance with the firm's established performance appraisal standards, identifying performance improvement opportunities.
- Made recommendations for improvements in staff performance through remedial training and exposure to technical areas.
- Provided on-the-job training to team members. On average, the team was made of 5 staff.
- Performed audit and other investigative tests and procedures in various areas, including impairment, loss reserving, and premiums.
- Designed tailor-made work papers for specialized clients and for work areas not covered by the firm's model audit programs.
- Reviewed, tested, and evaluated the adequacy and propriety of clients' systems of accounting and internal control, and recommended improvements in areas of weakness revealed by such reviews, tests, and evaluations.
- Reviewed clients' financial statements ensuring compliance with applicable laws and regulations, and relevant accounting and reporting standards/guidelines.
Audit Assistant
KPMG East Africa
09.2010 - 08.2013
- Assisted clients in the preparation of year-end financial statements in compliance with applicable regulations
- Conducted performance appraisals on all team members upon completion of each engagement/assignment in accordance with the firm's established performance appraisal standards, identifying performance improvement opportunities
- Made recommendations for improvements in staff performance through remedial training and exposure technical areas
- Provided on-the-job training to the team members
- Performed audit and other investigative tests and procedures in various areas, including: impairment, loss reserving, premiums
- Designed tailor-made work papers for specialized clients and for work areas not covered by the firm's model audit programs
- Reviewed, tested and evaluated the adequacy and propriety of clients' systems of accounting and internal control, and recommending improvements in areas of weakness revealed by such reviews, tests and evaluations
- Reviewed clients' financial statements ensuring compliance with applicable laws and regulations, and relevant accounting and reporting standards/guidelines.
Education
Diploma in Cryptocurrency -
Alison, Online Education Platform
01.2023
MBA - Business Administration
Edinburgh Business School, Herriot-Watt University
Edinburgh01.2020
Bachelor of Science - Business Statistics
Makerere University Uganda
Kampala01.2010
Certified Internal Auditor (CIA)
Charterered Institute of Internal Auditors
10.2018
Fellow (FCCA)
Association of Chartered Certified Accountants
London10.2018
Skills
- Policy Improvements
- Data Science
- Process Improvement
- Complex Problem-Solving
- MS Excel
- Template Creation
- Project Management
- Team Leadership
- Quantitative and Qualitative Analysis
- Compliance Analysis
- Risk Analysis
- Research
Certification
- Certified Fintech Practioner, The London Institute of Banking & Finance - 08/2023
- TRM Advanced Crypto Investigator (TRM-ACI) - 06/2023
- TRM Certified Investigator (TRM-CI) - 05/2023
- Effective Leader Program, Ndeavour Consultants Ltd - 05/2023
- Certified Blockchain & KYC Professional, Blockchain Council - 02/2023
- Certificate in The Metaverse, NFT & Web 3.0 - Evolution of Internet, Alison - 12/2022
- Certificate in Digital Innovation for Finance, ACCA - 12/2020
Entity experience
- MUFG Fund Services (Cayman) Limited
- CINICO (Cayman)
- General Captives; Healthcare Alliance Insurance and United Integrity Assurance
- United Insurance Company, Ltd., Nexus Reinsurance Company
- United SPC
- CRIs; Federated, Ltd., Aspire Insurance, Revolution Insurance, and Fortis Insurance
- Funds; Dalton Funds, Arwon Asia Pacific Focus Funds, and Eagle Genesis funds
- Great-West Lifeco Inc. Barbados Companies
- London Life International Reinsurance Corporation
- London Life and Casualty Reinsurance Corporation
- The Canada Life Assurance Company (Barbados Branch)
- Canada life Reinsurance Ltd
- GLC Reinsurance Company
- London Life Canada (Barbados Branch)
- Jubilee Insurance Company of Uganda Limited
- Sanlam Life Insurance Company (Uganda) Limited
- Stanbic Bank Uganda Limited
- KCB Bank, Uganda Ltd
Timeline
Chief Analyst
Cayman Islands Monetary Authority
06.2022 - Current
Senior Analyst
Cayman Islands Monetary Authority
06.2020 - 06.2022
Accountant
Steppingstones Recruitment Ltd.
12.2019 - 06.2020
Senior Associate
PricewaterhouseCoopers
10.2017 - 09.2019
Audit Senior IV
Deloitte
11.2015 - 07.2017
Audit Senior III
KPMG East Africa
09.2013 - 07.2015
Audit Assistant
KPMG East Africa
09.2010 - 08.2013
Diploma in Cryptocurrency -
Alison, Online Education Platform
MBA - Business Administration
Edinburgh Business School, Herriot-Watt University
Bachelor of Science - Business Statistics
Makerere University Uganda
Certified Internal Auditor (CIA)
Charterered Institute of Internal Auditors
Fellow (FCCA)
Association of Chartered Certified Accountants
- Certified Fintech Practioner, The London Institute of Banking & Finance - 08/2023
- TRM Advanced Crypto Investigator (TRM-ACI) - 06/2023
- TRM Certified Investigator (TRM-CI) - 05/2023
- Effective Leader Program, Ndeavour Consultants Ltd - 05/2023
- Certified Blockchain & KYC Professional, Blockchain Council - 02/2023
- Certificate in The Metaverse, NFT & Web 3.0 - Evolution of Internet, Alison - 12/2022
- Certificate in Digital Innovation for Finance, ACCA - 12/2020
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