Enterprise Risk Management encompasses the systematic identification, evaluation, and mitigation of potential risks that could adversely impact an organization’s strategic objectives, financial stability, or operational continuity. This function involves the development and implementation of comprehensive risk management frameworks, ensuring compliance with regulatory requirements while fostering a culture of risk awareness across all levels of the business. Professionals in this role must possess strong analytical skills, proficiency in risk assessment methodologies, and the ability to communicate complex risk concepts to stakeholders. They are also responsible for monitoring emerging risks, conducting scenario analyses, and advising senior leadership on risk mitigation strategies to support informed decision-making.
Design and sustain the Bank’s comprehensive Enterprise Risk Management (ERM) Framework to ensure its ongoing effectiveness and alignment with organizational objectives.
Conduct a thorough analysis of both emerging and established risks within the Bank, evaluate their potential impact, maintain continuous oversight, and prepare comprehensive reports on findings.
Conduct regular evaluations of risks and review them systematically to ensure comprehensive risk management.
Ensure the Bank’s Risk Register is consistently updated while expediting the mitigation of all identified risks in a timely manner.
Foster a robust culture of risk management throughout the entire organization.
We are seeking a seasoned professional to oversee the Credit Risk Management function, ensuring robust oversight of credit policies, risk assessment methodologies, and portfolio monitoring. The ideal candidate will possess extensive experience in evaluating creditworthiness, analyzing financial statements, and implementing risk mitigation strategies to safeguard the organization against potential defaults. Responsibilities include developing and enforcing credit risk frameworks, conducting stress testing, and maintaining compliance with regulatory standards. Additionally, the role demands strong analytical acumen, proficiency in risk modeling tools, and the ability to communicate complex risk insights to stakeholders at all levels. A background in finance, economics, or a related field, along with relevant certifications such as FRM or CFA, is highly preferred.
Oversee the quality and performance metrics of the Bank’s loan portfolio to ensure adherence to established standards.
Evaluate portfolio risk indicators such as Portfolio at Risk (PAR), delinquency patterns, write-offs, and exposure concentrations to assess overall financial stability and identify potential vulnerabilities.
Perform comprehensive evaluations of credit proposals and risk exposures in an autonomous manner.
Devise and implement strategies to proactively reduce and manage potential credit losses.
Oversee compliance with established credit policies and risk tolerance thresholds to ensure alignment with organizational guidelines.
Operational risk management involves identifying, assessing, evaluating, and mitigating risks that could disrupt business operations, compromise financial stability, or harm organizational reputation. This role requires a deep understanding of risk frameworks, regulatory compliance, and industry best practices to ensure resilience against potential threats. Key responsibilities include developing and implementing risk mitigation strategies, monitoring risk exposure, and providing actionable insights to senior management. Strong analytical skills, attention to detail, and the ability to communicate complex risk concepts clearly are essential for success in this position.
Assess potential operational risk vulnerabilities stemming from processes, systems, personnel, and external factors.
Track operational loss events and propose measures to address underlying issues.
Perform comprehensive Risk and Control Self-Assessments (ROSA) across all organizational departments to evaluate and enhance governance frameworks and mitigate potential risks.
Implement robust internal control systems to safeguard organizational assets and ensure compliance with established policies and procedures.
Risk Monitoring and Reporting: Responsibilities include systematically tracking and assessing potential risks, compiling detailed reports on findings, and ensuring compliance with established risk management frameworks. This role requires a keen analytical mindset, meticulous attention to detail, and the ability to communicate complex risk scenarios clearly. Proficiency in risk assessment tools and reporting software is essential, along with experience in interpreting regulatory requirements and mitigating identified threats. Strong organizational skills and the capacity to prioritize tasks effectively are critical to maintaining proactive risk oversight.
Compose regular risk reports tailored for Management, Executive Leadership, Board Committees, and regulatory bodies.
Monitor Key Risk Indicators (Kris) vigilantly and initiate escalation procedures without delay upon identifying any breaches.
Ensure adherence to established risk limits and approved risk appetite thresholds at all times.
Offer strategic guidance on identifying potential risk exposures and implementing effective mitigation strategies.
Ensuring adherence to regulatory standards and maintaining robust governance frameworks are essential responsibilities of this role. The position requires a comprehensive understanding of compliance obligations and the ability to implement effective governance policies. Candidates must demonstrate expertise in navigating complex regulatory environments while promoting ethical practices and organizational integrity.
Verify adherence to relevant Central Bank of Nigeria (CBN) regulations, prudential directives, and established industry standards.
Facilitate regulatory examinations and audits by ensuring all documentation and processes are prepared, accurate, and compliant with applicable standards.
Oversee the execution of regulatory recommendations concerning risk management practices.
Support the examination and revision of risk management policies and procedures.
Develop, implement, maintain, and continuously improve a robust Business Continuity Management System (BCMS) alongside an Information Security framework to safeguard organizational resilience and data integrity. Establish policies, procedures, and controls that identify potential risks, ensure regulatory compliance, and mitigate disruptions to critical business functions. Conduct regular assessments, audits, and risk analyses to evaluate the effectiveness of security measures and continuity plans. Collaborate with cross-functional teams to integrate security protocols with broader operational strategies, ensuring alignment with industry standards and organizational objectives. Provide training and awareness programs to foster a culture of security consciousness and preparedness across the enterprise.
Oversee and execute the Bank’s Business Continuity Management (BCM) initiatives to ensure operational resilience and continuity of critical functions.
Engage in the development and execution of disaster recovery strategies and participate in scheduled testing to ensure operational resilience.
Conduct information security risk assessments and implement corresponding controls to mitigate identified risks.
Training and Risk Awareness: We prioritize comprehensive training programs to ensure all employees are fully equipped with the necessary skills and knowledge to perform their roles effectively. Our approach includes rigorous risk assessment procedures to identify potential hazards and implement appropriate mitigation strategies. Employees are expected to actively participate in ongoing training sessions to stay updated on industry best practices, regulatory requirements, and emerging risks. A strong understanding of risk management principles is essential for maintaining a safe and compliant work environment, and all team members must demonstrate a commitment to continuous learning and proactive risk mitigation.
Deliver comprehensive risk awareness and risk culture training programs to all employees and members of the Board within the Bank.
Offer strategic direction to departments regarding the identification and mitigation of risks.
Encourage a culture of accountability for risk management across every tier of the organization.
Seeking a highly motivated professional to join our team as a [Job Title]. The ideal candidate must possess a minimum of 5 years of relevant experience in [specific field or industry], along with a proven track record of success in [key responsibility or skill]. A bachelor’s degree in [relevant field] or equivalent work experience is required, and advanced proficiency in [specific software, tool, or language] is essential. Strong interpersonal skills and the ability to collaborate effectively in cross-functional teams are also necessary. This role demands meticulous attention to detail, exceptional problem-solving abilities, and a commitment to delivering high-quality results under tight deadlines. The successful applicant will be responsible for [primary responsibility], [secondary responsibility], and [additional responsibility], while ensuring alignment with company goals and industry standards.
A minimum of five to eight years of professional experience in Risk Management, Credit Risk, Internal Control, Audit, Compliance, or a closely related discipline is required.
A proven track record in executing the aforementioned responsibilities within a digital banking setting is essential for success in this role, along with a solid grasp of digital loan products, encompassing sales, collections, and delinquency management.
Relevant professional certifications are highly advantageous, with the Chartered Institute of Bankers of Nigeria (CBN) Microfinance Certification Program (MCP) being particularly significant. Should this certification not be held at the time of hiring, the candidate must demonstrate a clear commitment to obtaining it within the first year of employment.
Proficiency in financial institution operations and a thorough grasp of CBN-mandated ratios, standards, reporting protocols, and other pertinent guidelines are essential prerequisites for this role.
Proficiency in utilizing Microsoft Office, accounting software, and core banking systems is a mandatory prerequisite for this position.
Proficiency in startup environments is advantageous, though not mandatory.
Strong proficiency in both verbal and written communication, along with polished presentation abilities, is essential.
Demonstrates deep expertise in evaluating credit risk, financial frameworks, and lending practices.
Upon submitting your application, you will be directed to the designated method of application outlined in the job posting to ensure your materials are processed efficiently and in accordance with the specified procedures.
To submit your application, kindly utilize the provided link(s) on the company’s official website, ensuring a seamless and efficient process.
Qualifications
BA/BSc/HND
Experience Required
5 - 8 years
