Chief Risk Officer (Financial Services) at iRecruiters Africa Limited

Description

• The ideal candidate for this role must have vast experience in providing critical thought-leadership in risk management across all its elements.

Key Responsibilities

• 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.
• Ensure compliance with regulatory and statutory provisions regarding risk management, prompt reporting of risk positions, and provision of advice on possible resolutions of critical issues.
• Develop, review, and evaluate the process of identifying, assessing, monitoring, and reporting all risk threats following the Bank’s Strategic Business Plan.
• Develop and manage 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.
• Oversee and continuously improve the effectiveness of the Portfolio Management and Early Warning Remedial & Recovery functions of the Bank.
• Digitize 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.
• Set limits and giving guidance on lending strategies and general issues around the loan book.
• Develop 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.

Educational & Professional Qualification:

• Bachelor’s degree or HND in any relevant field.
• MSc/MBA in Risk Management or any related field.
• Chartered Member of ICAN, ACCA.
• Registered Member of the Risk Management Association of Nigeria (RIMAN).
• Chartered Member of the CFA Institute (Preferable).

Relevant Work Experience

• Minimum of 10 years of business experience with at least 5 years of experience in Credit Risk Management at a Senior Managerial Level.
• Knowledge and experience of internal audit matters in financial institutions.

Skills And Competencies (Technical And Soft Skills)

• Excellent communication/presentation/negotiation skills (both verbal and written).
• Proven record of building and managing teams and creating enabling environments including the ability to effectively engage, lead, supervise, mentor, develop and evaluate staff.
• Enterprise risk management and analysis.
• Experience in policy formulation and implementation.
• Excellent analytical skills (both quantitative and qualitative related to each risk function).
• 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.
• Sound understanding of ERM principles and philosophy.
• 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.
• Cognate experience in partnering with the Treasury function to manage market and liquidity risks.
• Cognate experience in managing operational risks.
• Knowledge and experience of internal audit matters in financial institutions.
• Mastery of the Central Bank of Nigeria’s (CBN) monetary policy and their impact on the Bank.
• Loan structuring and restructuring.
• Mastery of credit risk and portfolio management.
• Financial statement analysis.