Chief Risk Officer at Alan & Grant

Job Description

• The Chief Risk Officer will have overall responsibility for the development, implementation and management of a detailed business risk management framework for the Bank.
• This includes developing efficient processes, improving accountability and portfolio transparency and implementing the digitization of the Risk Management Division as a whole.
• Also, the CRO will enable and support the digital innovation and transformation of all risk management functions in the Bank, specifically in enhancing the use of Big Data, machine learning and artificial intelligence.
• Also charged with building cyber risk resilience, leveraging risk technology to predict risk outcomes and integrate digital risks into the Enterprise Risk Management framework of the Bank.
• The Chief Risk Officer shall provide critical thought-leadership in risk management across all its elements.

Key Roles & Responsibilities

• The Chief Risk Officer will collaborate with colleagues in the Bank’s Executive and Management
• Committees in developing and executing fit-for-purpose strategies and frameworks for sustainable business growth and profitability.
• Ensure the consideration of risk in all its elements into the Bank’s strategic thought and development process.
• Develop risk assessment and monitoring policies and procedures for the operations of the Bank.
• This includes sourcing information, setting and monitoring of limits and Risk Acceptance Criteria (RAC) to ensure that all existing and emerging risks are appropriately identified, monitored, and managed.
• Ensures compliance with regulatory and statutory provisions regarding risk management, prompt reporting of risk positions, and provision of advice on possible resolutions of critical issues.
• Develops, reviews, and evaluates the process of identifying, assessing, monitoring, and reporting all risk threats following the Bank’s Strategic Business Plan.
• Develops and manages qualitative and quantitative reporting to senior management and the Board of Directors on risk matters, including compliance with relevant regulatory, legal, and internal requirements to support effective decision making.
• Continuously developing, enhancing, and embedding the risk guidelines and policy frameworks for managing all risk types effectively in compliance with all approved risk controls.
• Oversees and continuously improves the effectiveness of the Portfolio Management and Early Warning Remedial & Recovery functions of the Bank
• Digitise the credit appraisal, loan disbursement, credit administration functions and sustain industry best-practices leaning in FinTech, Big Data, machine learning and artificial intelligence.
• Transform and continuously improve the Collections and Loan Recovery functions, leveraging FinTech and Big Data to improve collections and recoveries success for the Bank.
• Proactively monitors current and emerging regulatory risk issues and the changes impacting the Bank. Sets limits and giving guidance on lending strategies and general issues around the loan book.
• Develops a Risk Awareness Culture within the Bank by equipping employees with relevant Risk Management skills, through training and mentorship in line with the Bank’s Strategic Plan and Risk Strategy.

Requirements

• Bachelor's Degree or Higher National Diploma (HND) in any relevant field.
• Master's degree in any relevant field
• At least 10 years of business experience, (including at least 5 years of Credit Risk Management at Senior Managerial Level).
• Knowledge and experience of internal audit matters in financial institutions.
• Institute of Chartered Accountants (ICAN) – ACA, Risk Management Association of Nigeria (RIMAN) Member CFA Charter Holder (optional)
• Expertise in contemporary issues, trends and developments in risk management matters.
• Enterprise risk management and analysis.
• Mastery of regulatory risk management and compliance
• Experience and exposure digitizing the credit control areas - using algorithms to arrive at a decision on credit appraisals.
• Experience in leveraging technology solutions to manage risk asset portfolios, loan monitoring and Early Warning Remedial & Recovery (EWRR) systems.
• Experience with enterprise risk assessment & management
• Mastery of regulatory risk management and compliance.