Risk Manager

An established company is recruiting for the following position. Key Responsibilities: & Duties Credit Risk Management:

• Design and enforce robust credit policies, procedures, and lending limits tailored to the BCL target market (SMEs, low-income entrepreneurs, groups).

• Analyze the portfolio for concentration risk (sectoral, geographic, single-obligor) as per CBN Prudential Guidelines.

• Develop and validate credit scoring models for retail and micro-loans.

• Monitor portfolio quality metrics: Portfolio-at-Risk (PAR > 30 days, > 90 days), delinquency rates, and roll rates.

• Oversee the loan loss provisioning process, ensuring adequacy and compliance with IFRS 9.

Operational Risk Management:

• Identify and map key operational risks including fraud, internal process failures, IT/system failures, and legal risks.

• Implement controls to mitigate fraud prevalent in the Nigerian context (e.g., identity theft, loan diversion, insider abuse).

• Ensure robust Business Continuity Plans (BCP) and Disaster Recovery Plans (DRP) are in place, especially relevant for Lagos's challenges (e.g., flooding, power instability, network outages).

• Oversee branch operations risk, cash management, and transaction processing risks.

• Liquidity & Market Risk Management:

• Monitor daily liquidity positions and comply with CBN's Liquidity Ratio and other statutory requirements.

• Manage the mismatch between assets and liabilities.

• Assess the impact of market variables like interest rate fluctuations and inflation on the MFI's operations and portfolio.

Strategic & Compliance Risk:

• Analyze risks associated with new products, business strategies, and expansion plans within Lagos and beyond.

• Ensure strict adherence to all CBN Microfinance Bank Regulatory Guidelines, Anti-Money Laundering (AML)/Combating the Financing of Terrorism (CFT) laws, and data protection regulations (NDPC Act).

• Liaise with regulators (CBN, NDIC) during examinations and ensure timely remediation of findings.

Enterprise Risk Framework & Reporting:

• Maintain the institution's Risk Management Framework and Policy, approved by the Board.

• Facilitate organization-wide Risk and Control Self-Assessment (RCSA).

• Prepare and present comprehensive risk reports to Senior Management and the Board Risk Committee, highlighting key risk indicators (KRIs), emerging risks, and mitigation status.

• Foster a strong risk culture through training and awareness programs for all staff.

People & Process Management:

• Lead and manage the risk department team (risk officers, analysts).

• Collaborate closely wi...