Violet Watiri
Accounting professional (CPA, CIA)
George Town
Summary
Ms. Mwangi is a highly experienced CPA and CIA with over two decades of experience in accounting and financial services, with a particular focus on contract compliance within the precious metals industry. Her career is marked by significant roles in auditing, internal controls, and financial management across various international organizations.
Overview
22
22
years of professional experience
Work History
Director, Contract Compliance
Wheaton Precious Metals International Ltd
10.2022 - 08.2025
- Company Overview: Wheaton Precious Metals International Ltd (formerly known as Silver Wheaton (Caymans) Ltd) is a precious metal streaming company and an operating subsidiary of Wheaton Precious Metals (WPM) Corporation, a Canadian public company listed on the NYSE, TSE, and LSE. WPM is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal. WPM currently has streaming agreements for 20 operating mines and 26 development projects. The Company’s production profile is driven by a portfolio of low-cost, long-life assets, including a gold stream on Vale’s Salobo mine, and a silver stream on Newmont's Peñasquito mine. Website: http://www.wheatonpm.com
- As the Director, Contract Compliance, I was responsible for overseeing as well as providing analytical and operational support for ongoing management of all precious metals streaming contracts enterprise-wide.
- Providing full analytical and operational support for the periodic / ongoing streaming partners compliance reviews.
- Developing, maintaining, reviewing and / executing processes and controls to ensure ongoing metal deliveries and associated invoicing are processed in agreement with the relevant contract terms.
- Ensuring compliance with European VAT laws and regulations.
- Managing relevant commercial and operating data related to mining operations and providing analytical support and reporting as required.
- Reviewing and monitoring streaming partners’ monthly reporting, liaising with management and following up on outstanding issues as required.
- Monitoring annual pricing adjustments, completion agreements and other contract provisions as applicable and performing specific steps towards ensuring ongoing compliance.
- Monitoring financial and operating performance of each streaming partner through publicly available information and assessing the possible impact on the company.
- Contributing collaboratively to ongoing development and maintenance of information systems/tools and processes as they relate to activities.
- Liaising with internal and external auditors and responding to queries, observations, and recommendations.
- Wheaton Precious Metals International Ltd (formerly known as Silver Wheaton (Caymans) Ltd) is a precious metal streaming company and an operating subsidiary of Wheaton Precious Metals (WPM) Corporation, a Canadian public company listed on the NYSE, TSE, and LSE. WPM is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal. WPM currently has streaming agreements for 20 operating mines and 26 development projects. The Company’s production profile is driven by a portfolio of low-cost, long-life assets, including a gold stream on Vale’s Salobo mine, and a silver stream on Newmont's Peñasquito mine. Website: http://www.wheatonpm.com
- I was also part of the WPMI Community Investment Program (CIP) committee. The WPMI CIP contributes to several social and environmental causes through donations or sponsorships that benefit citizens and communities in the Cayman Islands. The program is an important part of WPM’s strategy to contribute to the United Nations’ Sustainable Development Goals (“UN SDGs”).
- The main objectives of the CIP are: To demonstrate WPMI’s commitment to being a responsible corporate citizen by actively engaging in initiatives that benefit society and the environment. Aim to make a positive social impact and improve the quality of life in the communities where Wheaton and its mining partners live and operate.
Manager, Contract Compliance
Wheaton Precious Metals International Ltd
07.2014 - 10.2022
- Reporting directly to the financial controller, some of the key duties included:
- Preparation of monthly and quarterly financial statements for purposes of consolidation into the combined company’s monthly and quarterly reports.
- Recording and reconciling accounting activity for the company.
- Maintaining weekly cash forecasts; supporting the daily treasury and cash management activities.
- Monitoring ongoing operating activity as it relates to the silver and gold purchase contracts and ensuring compliance with contract terms.
- Coordinating with banks to ensure incoming and outgoing wire transfers and other transactions are conducted and recorded correctly.
- Overseeing and maintaining internal controls and ensuring compliance with Sarbanes-Oxley.
- Responsible for ongoing silver and gold trades’ confirmations, following up with commodity brokers and resolving any issues as required.
- Liaising with internal and external auditors and responding to queries, observations, and recommendations.
- Compiling data from the monthly reports received from the different operators, analyzing the data, and reporting to senior management on the outcomes.
- Involved in analyzing European VAT and reporting to the relevant authorities.
Accounts Assistant
Ogier
02.2009 - 04.2010
- Company Overview: Ogier is an offshore law firm that provides legal and fiduciary advice to clients. Website: http://www.ogier.com
- I was contracted to work at Ogier, on a temporary contract through Baraud International, for more than one year. Reporting directly to the deputy financial controller, I oversaw bank reconciliations for the Cayman Islands Legal office.
- Investigating outstanding issues; preparing corrective journal entries and advising on alternatives to be applied to enhance operations.
- Ensuring the legal clients funds held in Trust were kept separate from the office funds.
- Overseeing the data migration of all the bank records from the old legal system (PC Law) to the new system (Elite Enterprise) in consultation with the development consultants.
- Involved in preparing monthly financial reports for onward submission to the head office.
- Ogier is an offshore law firm that provides legal and fiduciary advice to clients. Website: http://www.ogier.com
Internal Audit Manager
Southern Credit Bank
09.2008 - 01.2009
- Reporting directly to the Board Audit Committee, I oversaw the internal audit function for the 9 regional branches, head office and the credit-card division.
- In charge of ensuring compliance and regulatory discipline within the bank and preparing monthly & quarterly reports to the Central Bank and the Board Audit Committee.
- Development of the audit plans and review of the risk management findings.
- Planning, supervision, and monitoring of internal audit staff and reviewed the internal audit & investigation reports & supervision of regional audits.
Audit Senior
KPMG Bermuda
09.2007 - 06.2008
- Working as an Audit Senior, I oversaw planning, execution, and reporting for key audit clients in funds and banking sectors.
- Auditing financial statements of banks & various funds which consisted of Master and Feeder funds.
- Reviewing financial statements to ensure they were in accordance with US GAAP/IFRS and applicable regulations, i.e., Bermuda Monetary Authority regulations, as appropriate.
- In-depth understanding; documentation of the client's business and testing of the client's internal control system.
- Highlighting areas of non-compliance with professional or statutory requirements.
- Reporting on internal control weakness and providing recommendations for improvement by preparing management letters for issuance to the client.
- Identifying fraud risks; testing the controls, their implementation and effectiveness.
Senior Auditor
Ernst & Young
11.2004 - 08.2007
- Working as a Senior Auditor, I oversaw planning, execution, and reporting for key audit clients in assurance and advisory groups.
- Planning the audit assignments with the audit team, manager, and partner.
- Highlighting and reporting on areas of non-compliance with statutory requirements, internal control weakness and providing management with recommendations.
- Supervision and co-ordination of the efforts of team members, on the job training, delegation, coaching and review of work performed by audit assistants in the team.
- Carrying out tax compliance work and reviewing compliance with tax legislation.
- Preparing and reviewing of the financial statements of various institutions.
- Performing engagement performance evaluations on the assisting staff on the assignment.
Internal Audit Assistant
Equity Bank Limited
03.2004 - 10.2004
- Working as an internal audit assistant in this leading commercial banking institution, I was involved in the audits and systems review in branches and at the head office.
- Reporting to the internal audit manager, other specific tasks included: Preparation of management reports based on the audit observations, findings and risk implications and gave recommendations on the adequacy and effectiveness of the operations, internal controls, and accounting practices.
- Investigation of fraud cases noted during audit reviews and followed up on the actions taken to mitigate and ensure recovery of losses resulting from fraud.
Management Trainee
Kenindia Assurance Co. Ltd
05.2003 - 10.2003
- Underwrote new policies and processed claims both in general and life assurance.
- Led a team of four in testing and implementing a new software, Premia, prior to implementation in the motor department across the entire firm that had 12 branches spread over the country.
- Prepared branch quarterly reports on behalf of the Branch Manager for presentation to Senior Management.
- Trained the accounting department staff on the use of office application software and supervised migration from a manual to computer-based bookkeeping.
- Went through extensive training and on job training of all the areas of insurance.
Education
MBA - Finance
University of Leicester
07.2015
Bachelor of Arts - Economics
University of Nairobi
10.2002
Personal Information
- MBA
- CIA
- CPA
Professional Associations
- Institute of Certified Public Accountants of Kenya, ICPAK
- The Institute of Internal Auditors, IIA
- Cayman Islands Institute of Professional Accountants, CIIPA
Notable Volunteer Work
- Leadership Cayman, Planning Committee Member, To the Class of 2025, Class Member, Class of 2020, The Leadership Cayman programme is a six-month intensive course, introduced by the Cayman Islands Chamber of Commerce, that enables class members to develop new skills and learn an abundance of vital information about the Cayman Islands community and business sector., https://www.leadershipcayman.ky/
- The IIA Cayman Islands chapter, First Chapter President, In August 2010 – I initiated the formation of The IIA Cayman Islands chapter and later became the first Chapter President. The IIA is the internal audit profession's leader in standards, certification, education, research, and technical guidance throughout the world., https://www.theiia.org/en/about-us/, https://www.theiia.org/en/chapters/caribbean/cayman-islands/cayman-islands/
- Institute of Economic Affairs' National Vision Building Project, Volunteer, 2002-08-01, 2003-04-01, Contributed to the economics pillar by debating and reporting on national economic issues. Participated in presenting and disseminating the proposed national vision aimed at engaging youth in shaping Kenya's future.
Skills
Relationship building
Strategic planning
Verbal and written communication
Decision-making
Creativity and innovation
Team management
Project management
Operations management
People management
Certification
Extensive professional qualifications: Holds an MBA in Finance, Certified Internal Auditor (CIA), Certified Public Accountant (CPA), and a Certificate in Strategic Management and Leadership.
Timeline
Director, Contract Compliance
Wheaton Precious Metals International Ltd
10.2022 - 08.2025
Manager, Contract Compliance
Wheaton Precious Metals International Ltd
07.2014 - 10.2022
Accounts Assistant
Ogier
02.2009 - 04.2010
Internal Audit Manager
Southern Credit Bank
09.2008 - 01.2009
Audit Senior
KPMG Bermuda
09.2007 - 06.2008
Senior Auditor
Ernst & Young
11.2004 - 08.2007
Internal Audit Assistant
Equity Bank Limited
03.2004 - 10.2004
Management Trainee
Kenindia Assurance Co. Ltd
05.2003 - 10.2003
MBA - Finance
University of Leicester
Bachelor of Arts - Economics
University of Nairobi
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