Job description
Enterprise Risk Management:
- Develop and maintain the Bank's Enterprise Risk Management (ERM) Framework.
- Identify, assess, monitor, and report emerging and existing risks across the Bank.
- Coordinate periodic risk assessments and risk reviews.
- Maintain the Bank's Risk Register and ensure timely mitigation of identified risks.
- Promote a strong risk culture across the organization. Credit Risk Management:
- Monitor the quality and performance of the Bank's loan portfolio.
- Review portfolio risk indicators including PAR, delinquency trends, write-offs, and concentration risks.
- Conduct independent reviews of credit proposals and risk exposures.
- Recommend risk mitigation strategies to minimize credit losses.
- Monitor adherence to approved credit policies and risk appetite limits. Operational Risk Management:
- Identify operational risk exposures arising from processes, systems, people, and external events.
- Monitor operational loss incidents and recommend corrective actions.
- Conduct Risk and Control Self-Assessments (RCSA) across departments.
- Ensure implementation of effective internal controls. Risk Monitoring and Reporting:
- Prepare periodic risk reports for Management, Executive Management, Board Committees, and regulators.
- Track Key Risk Indicators (KRIs) and escalate breaches promptly.
- Monitor compliance with risk limits and approved risk appetite thresholds.
- Provide recommendations on risk exposures and mitigation measures. Regulatory Compliance and Governance:
- Ensure compliance with applicable CBN regulations, prudential guidelines, and industry standards.
- Support regulatory examinations and audits.
- Monitor implementation of regulatory recommendations relating to risk management.
- Assist in the review and update of risk management policies and procedures. Business Continuity Management System (BCMS) and Information Security:
- Coordinate the Bank's Business Continuity Management (BCM) activities.
- Participate in disaster recovery planning and testing.
- Support information security risk assessments and controls implementation. Training and Risk Awareness:
- Conduct risk awareness and risk culture training across the Bank (Staff and Board).
- Provide guidance to departments on risk identification and mitigation.
- Promote risk ownership at all levels of the organization.
Requirements
∙ Minimum of 5-8 year experience in Risk Management, Credit Risk, Internal Control, Audit, Compliance or related function ∙ Experience performing above roles in a digital banking environment is important to being successful on this role, show clear understanding of digital loan products: sales, collection and delinquent management ∙ Relevant Professional certification is an added advantage, CIBN (MCP) certification is important.
Where not available, there must be commitment to certification within the first year of employment ∙ Experience working in a financial institution and understanding of CBN stipulated ratio, standards, reporting and other relevant guideline is a must have ∙ Previous and proven usage of Microsoft office, accounting and core banking solutions is essential for the role holder ∙ Experience working with start-up is an advantage but not compulsory ∙ Excellent verbal and written communication and presentation skills is required .
Strong knowledge of credit risk assessment, financial and lending principles.