Risk Manager

Company Description

Source Microfinance Bank is a fast-paced start-up Microfinance Bank, led by a group of talented, passionate, and skilled individuals who take the mission to re-invent banking using innovation and technology to provide high-quality service seriously. The goal is to empower generations by providing our customers with specific products and services to help them increase their net worth.

Role Overview

We are looking for an experienced Risk Manager to join our dynamic team. This is a full-time hybrid role as Risk Manager located in Lagos with some remote work possible. The Risk Manager is responsible for developing, implementing, and maintaining an effective risk management framework that supports the Bank's strategic objectives while ensuring compliance with regulatory requirements. The role is responsible for identifying, assessing, monitoring, and mitigating risks across the Bank, including credit, operational, market, liquidity, compliance, technology and reputational risks.

Role 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.

Qualifications

1. Minimum of 5-8 year experience in Risk Management, Credit Risk, Internal Control, Audit, Compliance or related function
2. 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
3. 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
4. Experience working in a financial institution and understanding of CBN stipulated ratio, standards, reporting and other relevant guideline is a must have
5. Previous and proven usage of Microsoft office, accounting and core banking solutions is essential for the role holder
6. Experience working with start-up is an advantage but not compulsory
7. Excellent verbal and written communication and presentation skills is required
8. Strong knowledge of credit risk assessment, financial and lending principles.

Application Procedure

Kindly apply through the following link: https://zurl.to/VtLL?source=CareerSite