Dr. Nancy Onyango, a distinguished figure in the global financial sector, has embarked on a new chapter in her illustrious career by joining the Bank for International Settlements (BIS) as the Head of Internal Audit. This prestigious appointment marks the beginning of a five-year term for Dr. Onyango, who brings with her a wealth of experience and expertise from a career spanning continents and top-tier financial institutions.
Dr. Onyango’s career trajectory is a testament to her dedication and prowess in the fields of audit, compliance, and risk management. Her journey began with a solid academic foundation, holding a Bachelor of Commerce and a doctorate in business administration. These qualifications laid the groundwork for what would become a stellar career, marked by leadership roles at globally recognized firms.
Before her latest appointment at BIS, Dr. Onyango served as a Partner at PwC and EY, where she honed her skills in managing complex financial audits and ensuring compliance with international standards. However, it was her role at the International Monetary Fund (IMF) that truly showcased her capabilities on the world stage. Joining the IMF in 2018, Dr. Onyango took on the critical role of Director for the Office of Internal Audit & Inspection. Her tenure at the IMF, which lasted until January 2024, was characterized by rigorous oversight and the implementation of best practices that strengthened the institution’s internal audit processes.
As she steps into her new role at the BIS, Dr. Onyango is expected to continue her legacy of excellence. The BIS, often referred to as the “central bank for central banks,” plays a pivotal role in fostering international monetary and financial cooperation. With Dr. Onyango at the helm of its Internal Audit division, the BIS is poised to further enhance its audit frameworks, ensuring robust oversight and risk management.
Dr. Onyango’s appointment is not just a personal milestone but also a significant moment for the global financial community. Her leadership is anticipated to drive the BIS towards greater transparency and accountability, aligning with the institution’s mission to support global financial stability.
The financial world will be watching closely as Dr. Onyango takes on this new challenge, with many expecting her to bring the same level of dedication and expertise that has defined her career thus far. As the BIS continues to navigate the complexities of the global financial system, Dr. Onyango’s role will undoubtedly be crucial in shaping the future of international audit standards.
The Bank for International Settlements has expressed its confidence in Dr. Onyango’s ability to lead, and the global financial community eagerly anticipates the positive impact she will have in her new role.
