Head, Risk Management

We are recruiting to fill the position below:

Job Title: Head, Risk Management

Location: Lagos
Position Type: Full-Time

Job Summary

• The role involves reviewing loan portfolios, evaluating credit risk, ensuring regulatory compliance, developing risk mitigation strategies, and promoting a strong risk management culture to safeguard the Bank's assets and support sustainable business growth.
• The ideal candidate will be responsible for identifying, assessing, monitoring, and mitigating credit, operational, financial, and compliance risks across the Bank.
• We're looking for an experienced professional to lead our Risk Management function in a microfinance institution.

Key Responsibilities

• Conduct credit bureau searches on all loan applicants.
• Review all loan applications and supporting documentation for accuracy, completeness, and compliance before recommending them for approval.
• Prepare and present risk reports to Management and the Board, highlighting key risks and recommending appropriate mitigation strategies.
• Ensure the adequacy, authenticity, and enforceability of collateral submitted by customers.
• Arrange and serve as Secretary to the Management Credit Committee, ensuring proper documentation of meetings and resolutions.
• To constantly review and implement the Bank's risk management framework to identify, assess, monitor, and mitigate operational, credit, financial, and compliance risks.
• Verify KYC documentation completed by Loan Officers for all loan applications.
• Arrange and serve as Secretary to the Portfolio Review Committee.
• Monitor the Bank's loan portfolio and recommend appropriate risk mitigation measures for delinquent or high-risk accounts.

Requirements

• Professional certification such as ICAN, ACCA, CIBN, CRM, or other relevant qualifications will be an added advantage.
• Bachelor's Degree or HND in Finance, Accounting, Economics, Banking, Business Administration, or a related discipline.
• Excellent communication, report writing, and presentation skills.
• High level of integrity, professionalism, and confidentiality.
• Strong analytical and problem-solving skills with excellent attention to detail.
• Minimum of 5 years' experience in Risk Management, Credit Administration, Internal Control, or a similar role, preferably within a Microfinance Bank.
• Good understanding of microfinance banking operations and lending practices.
• Sound knowledge of risk management principles, credit analysis, and regulatory compliance.