Head, Risk Management (Hybrid)

We are recruiting to fill the position below:

Job Title: Head, Risk Management

Location: Ikoyi, Lagos State
Employment Type: Full-time
Work Mode: Hybrid

Job Summary

• Working closely with Executive Management, the Board Risk Committee, Internal Audit, and Regulatory Authorities, the Head of Risk Management will ensure effective risk governance, strengthen internal controls, and promote a strong risk-aware culture across the Bank.
• The role provides independent oversight of credit, operational, market, liquidity, information security, compliance, fraud, and strategic risks.

Key Responsibilities
Enterprise Risk Management (ERM):

• Management Framework in line with CBN guidelines and international best practices.
• Promote a strong risk management culture throughout the organization.
• Coordinate enterprise-wide risk assessments across all business units and functions.
• Establish and periodically review the Bank's Risk Appetite Statement, Risk Policies, and Risk Management Framework.
• Ensure risks are identified, assessed, monitored, mitigated, and reported effectively.
• Develop, implement, and continuously improve the Bank's Enterprise Risk

Credit Risk Management:

• Conduct periodic portfolio stress testing and scenario analysis.
• approved credit policies.
• Review credit proposals, risk ratings, and lending decisions to ensure alignment with
• provisioning requirements.
• Provide independent oversight of the Bank's credit portfolio.
• Recommend strategies for minimizing credit losses and improving portfolio performance.
• Monitor portfolio quality, non-performing loans (NPLs), concentration risks, and

Operational Risk Management:

• Lead Risk and Control Self-Assessments (RCSA) across departments.
• Develop operational risk management policies, tools, and methodologies.
• Oversee incident reporting and root cause analysis.
• Monitor operational loss events, key risk indicators (KRIs), and control effectiveness.
• Identify operational risks across all business units and recommend appropriate mitigation measures.

Market & Liquidity Risk:

• Monitor exposure to interest rate, foreign exchange, and liquidity risks.
• Conduct stress testing and sensitivity analysis to support strategic decision-making.
• Evaluate market trends and assess their potential impact on the Bank's financial position.
• Support Asset and Liability Management (ALM) activities.

Regulatory Compliance & Governance:

• Ensure compliance with CBN Risk Management Framework, Prudential Guidelines,
• Monitor emerging regulatory developments and recommend appropriate actions.
• Coordinate regulatory examinations relating to risk management.
• Corporate Governance Guidelines, NDIC requirements, and other applicable regulations.
• Provide risk advisory support to Executive Management and the Board Risk Committee.
• Prepare regulatory risk reports and submissions.

Fraud Risk Management:

• Conduct fraud risk assessments across products, processes, and digital channels.
• to strengthen fraud prevention measures.
• Monitor fraud trends, investigate emerging risks, and recommend control
• Develop and implement fraud risk prevention and detection strategies.
• enhancements.
• Collaborate with Internal Audit, Compliance, Operations, and Information Technology

Information Security & Technology Risk:

• Monitor technology-related risks associated with digital banking platforms, payment
• Support Business Continuity Management (BCM) and Disaster Recovery (DR) initiatives.
• systems, APIs, and cloud infrastructure.
• Collaborate with the Information Technology and Information Security teams to
• strengthen cybersecurity controls.
• Assess technology, cybersecurity, and information security risks.

Risk Monitoring & Reporting:

• Prepare monthly, quarterly, and annual risk reports for Executive Management and the Board.
• Develop Key Risk Indicators (KRIs), risk dashboards, and management information reports.
• Monitor risk trends and emerging threats affecting the Bank.
• Present actionable recommendations to improve the Bank's risk profile.

Internal Control & Audit Support:

• Collaborate with Internal Audit to strengthen internal control systems.
• Track implementation of corrective actions arising from risk reviews and examinations.
• Monitor remediation of audit findings and regulatory observations.

Leadership & Stakeholder Management:

• Work closely with Business Units, Compliance, Finance, Operations, Technology, and Executive Management on enterprise risk initiatives.
• Lead and mentor the Risk Management team.
• Foster a proactive risk culture across the organization through awareness initiativesand training.
• Maintain productive relationships with regulators, external auditors, and otherstakeholders.

Qualifications

• Bachelor's Degree in Finance, Accounting, Economics, Banking, Statistics, Actuarial Science, Business Administration, or a related discipline.
• A Master's Degree in Risk Management, Finance, Business Administration (MBA), or a related field is an added advantage.

Experience:

• 8–12 years of progressive experience in Risk Management within Banking, Financial Services, Fintech, or another regulated industry.
• At least 4 years in a senior leadership or managerial role.
• Sound understanding of CBN Prudential Guidelines, Basel Risk Management Principles, and Corporate Governance requirements.
• Demonstrated experience interacting with regulators, external auditors, and Board Committees.
• Strong experience across Enterprise Risk Management, Credit Risk, Operational
• Risk, Market Risk, Liquidity Risk, Fraud Risk, and Regulatory Compliance.

Core Competencies:

• Credit Risk Analysis
• Enterprise Risk Management
• Regulatory Compliance
• Data Analysis & Decision-Making
• Internal Controls
• Market & Liquidity Risk
• Leadership & Team Development
• Operational Risk Management
• Strategic Thinking
• Risk Analytics & Reporting
• Business Continuity Planning
• Communication & Presentation Skills
• Fraud Risk Management
• Corporate Governance
• Problem Solving & Critical Thinking.
• Stakeholder Management