Chief Risk Officer (CRO) at NPF Insurance Company Limited

About the Opportunity

NPF Insurance Company Limited is seeking a visionary Chief Risk Officer to join our executive leadership team immediately. In this strategic, board-level role, you will champion our Enterprise Risk Management (ERM) framework and guide our organization through a dynamic risk landscape.

As our Chief Risk Officer, you will architect and own our holistic risk strategy, moving beyond siloed compliance to an integrated view of strategic, operational, financial, and insurance risks. You will empower the organization to take informed risks while ensuring resilience and capital efficiency, safeguarding our reputation and balance sheet.

Key Responsibilities

• ERM Framework Leadership: Design, implement, and mature the Enterprise Risk Management framework aligned with industry standards (COSO, ISO 31000) and regulatory guidance (NAIC ORSA)
• Risk Governance: Provide expert oversight and reporting to the Managing Director and Board Risk Committee on the company's risk profile, appetite, and emerging threats
• Strategic Partnership: Act as a strategic advisor to the CEO, CFO, and business unit leaders, integrating risk insights into strategic planning, capital allocation, M&A, product development, and underwriting strategy
• Risk Appetite & Limits: Define, calibrate, and monitor the company's Risk Appetite Statement and establish and enforce risk limits across all risk categories
• Holistic Risk Oversight: Provide aggregated oversight across:
  • Insurance Risk (underwriting, reserving, accumulation)
  • Financial Risk (credit, market, liquidity)
  • Strategic & Operational Risk (cyber, third-party, business continuity, compliance)
• Capital Management: Collaborate closely with the CFO and Actuarial functions to ensure risk insights drive capital modeling (Economic Capital, RBC) and the Own Risk and Solvency Assessment (ORSA) process
• Culture & Capability: Foster a strong, proactive risk management culture across the organization

Location

Lagos, Nigeria