Enterprise Risk Management Officer

Bosak Microfinance Bank Limited was incorporated in December 2009 with the business objective of providing financial service to micro clients who were excluded from the mainstream financial system. It commenced operations in June 2010 upon obtaining a Unit Microfinance Banking License from the Central Bank of Nigeria. It later obtained a State Microfinance Banking License in 2016. Bosak Microfinance Bank Limited’s financial inclusion effort focuses on promoting savings culture, access to credit facilities for income-generation purposes and reducing vulnerability to risk through micro insurance.

The Bank’s major strategic focus employs the group lending methodology in its operations with a leaning towards women. It believes in the commitment of women folk to work hard and help their families conquer poverty. As such, more than 95% of the Bank’s lending activities focuses on women. The success of the bank’s group lending activities largely depends on group solidarity and cohesion.

We are recruiting to fill the position below:

Job Title: Enterprise Risk Management Officer

Location: Ikeja, Lagos
Employment Type: Full-time

Responsibilities

• Prepare monthly, quarterly, and annual risk management reports.
• Develop and implement enterprise risk management policies, procedures, and frameworks.
• Liaise with Internal Audit, Compliance, and regulatory bodies during examinations and audits.
• Monitor implementation of risk mitigation action plans.
• Coordinate risk awareness training and sensitization for staff.
• Monitor risk indicators and recommend corrective actions where necessary.
• Identify operational, financial, credit, compliance, strategic, and reputational risks within the organization.
• Investigate risk incidents, losses, and policy breaches, and recommend preventive measures.
• Review business processes and recommend improvements to minimize exposure to risk.
• Carry out control testing and risk monitoring activities across departments.
• Support business units in identifying and managing operational risks.
• Maintain the organization’s risk register and update emerging risks regularly.
• Conduct periodic risk assessments and prepare risk reports for management review.
• Ensure compliance with regulatory guidelines and internal policies.

Qualifications & Requirements

• Professional certifications such as:
  • Chartered Risk Management Professional (CRMP)
  • ACA, ACCA, CFA, or related certifications will be an added advantage.
  • Certified Risk Manager (CRM)
• Must have 2–5 years relevant experience in risk management, internal control, audit, or compliance.
• Strong analytical and report-writing skills.
• High level of integrity and attention to detail.
• Knowledge of risk management principles and regulatory requirements in Nigeria.
• Proficiency in Microsoft Office Suite, especially Excel and PowerPoint.
• Good communication and interpersonal skills.
• Bachelor’s Degree in Accounting, Finance, Economics, Business Administration, or related discipline.

Key Competencies:

• Regulatory Compliance
• Analytical Thinking
• Integrity & Confidentiality
• Problem Solving
• Risk Identification & Assessment
• Communication Skills
• Attention to Detail
• Decision Making
• Report Writing

Working Conditions:

• May require extended working hours during audits, inspections, or reporting periods.
• Office-based role with occasional field visits or branch monitoring assignments.

Why Work with Bosak Microfinance Bank Limited?

• Our remuneration and employee welfare packages are among the best in the industry.
• If you desire to work in an organization where employee motivation is key and passion is rewarded, then Bosak MFB might be the place for you.
• Depending on industry and experience: ?300,000 – ? 400,000
• We are committed to building an open and rewarding work environment where all employees have equal opportunities for growth to realize their full potential.

What We Offer
We offer the following Benefits:

• Leave & Passage Allowance
• Salary: N100,000 – N140,000 Monthly.
• 13th Month.
• Constant Training and Development
• HMO