Enterprise Risk Management encompasses the identification, assessment, evaluation, and mitigation of potential risks that could impact an organization’s strategic objectives and operational continuity. This role requires a deep understanding of risk frameworks, regulatory compliance, and industry best practices to develop and implement robust risk management strategies. Key responsibilities include analyzing risk exposures, designing control mechanisms, and ensuring alignment with corporate governance standards. The ideal candidate will possess strong analytical skills, proficiency in risk assessment tools, and the ability to collaborate across departments to foster a culture of risk awareness and resilience.
Formulate and oversee the Bank’s Enterprise Risk Management (ERM) Framework to ensure alignment with strategic objectives and regulatory standards.
Examine, evaluate, track, and document emerging and existing risks throughout the organization to ensure comprehensive oversight and proactive management.
Perform periodic risk assessments and reviews to ensure comprehensive evaluation of potential risks.
Oversee the Bank’s Risk Register, ensuring prompt mitigation of identified risks.
Foster a robust risk culture throughout the entire organization.
Credit Risk Management encompasses the identification, analysis, and mitigation of potential risks associated with financial institutions’ lending activities, ensuring adherence to regulatory standards and minimizing exposure to default. This role requires a comprehensive understanding of risk assessment methodologies, financial modeling, and regulatory frameworks such as Basel III. Responsibilities include evaluating borrower creditworthiness, monitoring portfolio performance, and implementing strategies to reduce credit losses while optimizing risk-adjusted returns. Strong analytical skills, proficiency in risk management software, and the ability to interpret complex financial data are essential. Additionally, effective communication with stakeholders and adherence to internal policies and external regulations are critical for maintaining organizational stability and compliance.
Oversee the quality and performance metrics of the Bank’s loan portfolio to ensure adherence to established standards.
Conduct a thorough analysis of portfolio risk indicators, such as PAR, delinquency trends, write-offs, and concentration risks.
Perform thorough, autonomous evaluations of credit proposals and risk exposures to ensure compliance with established criteria and mitigate potential financial risks.
Provide actionable recommendations to reduce potential credit losses through effective risk mitigation strategies.
Ensure compliance with established credit policies and risk appetite thresholds through ongoing oversight and evaluation.
Operational risk management encompasses the systematic identification, assessment, evaluation, and mitigation of risks that could disrupt business operations, compromise financial stability, or undermine organizational objectives. This role requires a keen analytical mindset, proficiency in risk assessment methodologies, and the ability to develop robust control frameworks to minimize potential threats. Responsibilities include monitoring risk exposures, analyzing emerging risks, and ensuring compliance with regulatory requirements while implementing proactive strategies to enhance operational resilience. Strong communication skills are essential for collaborating with stakeholders, reporting risk findings, and fostering a culture of risk awareness across the organization.
Assess potential operational risk exposures stemming from processes, systems, personnel, and external factors.
To identify trends and mitigate potential risks, oversee and analyze operational loss incidents, subsequently proposing and implementing appropriate corrective measures.
Perform Risk and Control Self-Assessments (ROSA) across various organizational departments to evaluate operational risks and the effectiveness of existing controls.
Verify that robust internal control systems are properly established and consistently applied throughout the organization.
Risk Monitoring and Reporting involves systematically tracking key risk indicators and financial exposures to ensure adherence to established risk thresholds. This role requires analyzing data from multiple sources to identify emerging risks, assessing their potential impact on the organization, and promptly escalating concerns to senior management. Responsibilities include maintaining accurate risk registers, generating detailed reports on risk exposures, and recommending mitigation strategies to address identified vulnerabilities. Strong analytical skills, proficiency in risk management frameworks, and the ability to communicate complex findings clearly to stakeholders are essential.
Prepare detailed risk reports on a regular basis for distribution to Management, Executive Leadership, Board Committees, and relevant regulatory bodies.
Monitor critical risk indicators (Kris) and ensure any breaches are reported without delay to facilitate timely intervention.
Ensure adherence to established risk limits and approved risk appetite thresholds.
Offer strategic guidance on identifying potential risk exposures and implementing effective measures to mitigate them.
Ensuring adherence to regulatory standards and fostering robust governance practices are core responsibilities. This role demands a deep understanding of applicable laws, policies, and ethical guidelines to mitigate risks and uphold organizational integrity. Candidates must demonstrate expertise in compliance frameworks, internal audits, and regulatory reporting while maintaining meticulous documentation and proactive issue resolution.
Ensure adherence to all relevant Central Bank of Nigeria (CBN) regulations, prudential guidelines, and established industry standards.
Facilitate and coordinate regulatory examinations and audits as required, ensuring adherence to all applicable standards and protocols throughout the process.
Oversee the execution of regulatory recommendations pertaining to risk management processes.
Conduct thorough evaluations and implement necessary revisions to existing risk management policies and procedures to ensure they remain current and effective.
We are currently seeking an adept professional to oversee the Business Continuity Management System (BCMS) and Information Security initiatives, ensuring robust safeguards for organizational resilience and data protection. The ideal candidate will implement and maintain comprehensive strategies to mitigate risks, respond to disruptions, and secure sensitive information against potential threats. Key responsibilities include developing and testing BCMS frameworks, conducting risk assessments, and establishing incident response protocols to uphold operational continuity. Additionally, the role demands adherence to industry best practices and compliance with relevant regulations to fortify the organization’s security posture and operational integrity.
Oversee the Bank’s Business Continuity Management (BCM) initiatives to ensure seamless operational resilience.
Assist in the development and execution of disaster recovery strategies and conduct regular testing to ensure preparedness.
Perform information security risk assessments and implement corresponding controls to mitigate identified risks effectively.
Conducting training sessions and fostering risk awareness initiatives are essential aspects of this role.
Deliver comprehensive risk awareness and risk culture training programs to all personnel, including staff and board members, throughout the Bank.
Offer expert direction to departments regarding the identification and mitigation of risks, ensuring proactive measures are implemented to safeguard organizational objectives.
Foster a culture of risk ownership throughout every tier of the organization.
We are seeking a highly motivated individual with a proven track record in [specific field/industry] and a minimum of [X years] of relevant experience. The ideal candidate must possess strong analytical, problem-solving, and communication skills, with the ability to work both independently and collaboratively in a fast-paced environment. Proficiency in [specific software/tools/technologies] is required, along with [any necessary certifications, degrees, or licenses]. Additional qualifications include [mention any other relevant skills or attributes, such as leadership, project management, or bilingualism]. The ability to meet deadlines, adapt to changing priorities, and maintain a high level of attention to detail is essential. Candidates should also demonstrate a commitment to continuous learning and professional development. Finally, familiarity with [industry-specific regulations, standards, or best practices] is highly preferred.
With a minimum of five to eight years of professional experience in Risk Management, Credit Risk, Internal Control, Audit, Compliance, or a related field, candidates should demonstrate a proven track record in these areas.
Proficiency in executing the aforementioned responsibilities within a digital banking setting is essential for achieving success in this position, as it demonstrates a comprehensive grasp of digital loan products, encompassing sales, collections, and delinquency management.
Relevant professional certification serves as a valuable asset, with the Chartered Institute of Bankers of Nigeria (MCP) certification being particularly significant. Should this certification not be held, a demonstrated commitment to obtaining it within the first year of employment is essential.
Proficiency in financial operations within a banking environment, coupled with comprehensive knowledge of Central Bank of Nigeria (CBN) regulatory requirements—including prescribed ratios, compliance standards, reporting protocols, and pertinent guidelines—is essential for this role.
Proficiency in Microsoft Office, accounting software, and core banking systems is a mandatory requirement for this position. Experience with these tools must be well-documented and demonstrated through prior employment.
Professional rewrite:
While prior involvement with startup environments is beneficial, it is not a mandatory requirement.
Strong proficiency in both verbal and written communication, along with polished presentation abilities, is essential.
Possesses a thorough understanding of credit risk evaluation, financial frameworks, and lending practices.
go to method of application
To submit your application, please utilize the provided link(s) on the company’s official website.
Qualifications
BA/BSc/HND
Experience Required
5 - 8 years
