Job Openings at Deloitte Human Capital Consulting West Africa

The Head, Risk Management will be responsible for assessing, rating, recommending, monitoring, and reporting on the operational, financial, strategic and compliance risks that the CGF faces in delivery of its mandate. He/she will also be responsible for the assessment and monitoring of the credit risk of the CGF’s counterparties, including partner financial institutions, issuers of investment instruments etc. Further respective reporting tasks related to these topics fall under the responsibility of the Head, Risk Management.

The Head, Risk Management will also take on a variety of strategic responsibilities helping to shape the CGF’s future. The role is an executive position with significant responsibility, opportunities, and challenges. In this role, you will be reporting to the CEO, with whom you will work closely to develop, refine, and monitor the CGF’s risk management strategy and framework (as approved by the Board). Further a close coordination with respective counterparts on side of the client’s parent company will be necessary.

Requirements

For the successful accomplishment of these goals and appropriate service delivery, the Head, Risk Management’s responsibilities are as follows

Implementation of CGF’s operations

• Run the risk management function in a hands-on fashion initially, before building a team in line with the CGF’s growth;
• Develop the framework, policy, and operating guidelines for the CGF’s risk management function;
• Planning, designing, and implementing an overall risk management process for the CGF and developing risk management systems, including operating and financial models;
• Create and improve tools for identifying, measuring, monitoring, controlling, and reporting risks for the CGF;
• Heading the Risk Committee;
• In the setting-up risk management environment, the CRO will play an important role in development of the CGF’s strategy through identification of the loss/risk drivers inherent in each strategy; and,
• Establish and help manage relationships with internal and external stakeholders and customers of the CGF

Risk Management

• Continuously developing, enhancing, and embedding the risk framework for managing risks across the institution, ensuring that processes are fit for purpose;
• Working closely with the CEO, CFO, relevant board members and committees, senior managers across the CGF in molding a well-controlled, high achieving organization which can fulfil its mandate safely;
• Perform research to identify the risks facing the CGF, their severity and determine the probability of occurrence;
• Develop strategies to measure identified risks appropriately, and articulate a coherent risk appetite for the CGF;
• Design operational policies and procedures to mitigate the risks;
• Implement and assign responsibilities for risk management;
• Risk monitoring and risk reporting to different stakeholders;
• Establishing and maintaining risk governance systems and structures at management level, in accordance with the overall risk management framework approved by the Board;
• Lead the CGF’s efforts in pursuing risk re-guarantees and co-guarantees, where such are considered;
• Embedding a positive culture of confident and informed risk-taking through training, communication, and promotion of the agreed risk framework;
• As a member of senior management and the executive committee, provide essential input on the CGF’s enterprise risk management to the board risk committee, the CEO and senior management of the CGF;
• Liaising with internal and external auditors in assessing and providing independent assurance of the adequacy, appropriateness, and effectiveness of the CGF’s overall risk management framework, policy, and implementation plan;
• Partnering effectively with third parties, regulatory bodies, and others, as appropriate, and serving as a role model for high personal and corporate ethical values and standards of integrity.

Other Duties

• Regularly participate in management meetings and carry out any other duties as may be required.
• Budgeting responsibilities – discretionary control over risk department budgets up to a level approved by the CEO.

Qualifications & Experience

• Degree in Finance, Accounting or Business Administration
• Professional accounting qualifications such as CPA or ACCA;
• A Master’s degree in Business Administration and/or Finance/Accounting will be an added advantage;
• Significant experience in financial services particularly in the areas of best practice risk management and governance frameworks, methodologies, and emerging practice (at least 10 years, of which 6 should be in a senior managerial role);
• A background in banking, insurance or trade finance is essential;
• Experience with credit risk guarantees/insurance and exposure to development issues is desirable;
• Ability to exercise oversight over oversight over governance, risk, compliance, and control arrangements in a complex financial operation;
• Proven ability to oversee several risk types, ideally including credit risk, operational risk, market risk, liquidity risk, reputational risk, legal risk, compliance risk, AML risks, information security risk, concentration risk, investment risk, and strategic risk;
• Knowledge and understanding of risk control arrangements;
• Knowledge in regulatory environment and key regulatory regimes in Nigeria;
• Experience in a fast growing, challenging business environment;
• Strong mentoring and coaching experience to a team with diverse levels of experience

Desired Skills & Competencies

• A self-starter with strong internal motivation, able to set-up systems and procedures in a ‘start up’ environment, and with a passion for helping MSMEs succeed;
• Commercially astute: A high degree of business acumen, entrepreneurial spirit and wants to grow with the company;
• Skilled communicator with the ability to influence and motivate others;
• Problem-solving and decision-making skills, with the ability to analyze complex information to identify the key issue/action and drive resolution;
• Leadership skills, including the ability to manage risk, compliance, and control activities in a complex financial operation;
• Excellent IT and analytical skills;
• A track record of delivering high performance and overcoming challenges;
• A dedicated team player with a pragmatic approach;
• Robust, organized, proactive and a flexible person with hands on mentality;
• Excellent communication and presentation skills in English, both written and orally, including the ability to convey ideas and positions clearly and concisely;
• An open-minded, personable individual with outstanding organizational skills;
• Personal commitment to organization excellence; displays honesty, integrity, and a strong sense of ethics in all decisions and actions.

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Description

Reporting to the Chief Executive Officer (CEO), the Head of Operations (HoP) shall have the primary responsibility of leading the day-to-day operations of the Guarantee Company (CGC) in accordance with its mission, the strategic plan and operating and volume forecasts. Working as a key member of the CGC's management team, the HOP provides the leadership, management, and vision necessary to ensure that the fund has the proper operational controls, administrative and reporting procedures, and people systems in place to effectively grow the CGC and to ensure development impact, financial sustainability, and operating efficiency. The HOP will also pay a critical role in helping to shape and guide the future growth and development of the CGC by identifying products, innovation, and risk management improvements for the Partner Financial Institutions (PFIs).

Requirements

Implementation of CGC’s operations

• Develop, in collaboration with the CEO and the Chief Financial Officer (CFO), the annual guarantee operating plan that supports the CGG’s long term operations strategy;
• Ensure guarantee operations are implemented in line with the Operations and Credit Risk Manuals (Op Manual) and other relevant stipulations;
• Carry out training and on job coaching for the operational staff of the CGC
• Organize and carry out guarantee appraisal in line with CGC's mission, strategic plans, and operating guidelines;
• Organize and carry out guarantee claim appraisal and claim refund procedures and participate in the respective committees;
• Initiate continuous evolution of the Operations Manual to increase the efficiency and sustainability of the Guarantee Operations;
• Maintain close contact with PFIs’ management and MSME Departments and ensure good relationship, identify areas for added value and initiate implementation of respective activities;
• Monitor the Nigerian financial sector with respect to MSME lending, and identify opportunities and threats and suggest or initiate respective measures;
• Review and monitor regulatory developments to ensure compliance and contribute to a positive regulatory recognition of the CGC;
• Monitor the business volume and portfolio quality and identify and implement measures to ensure achievement of objectives;
• Contribute to the development of annual budgets for business volume and portfolio quality and of respective mid-term projections;
• Responsible for the measurement and effectiveness of all processes internal and external;
• Establishing and implementing portfolio management and monitoring mechanisms;
• Provides timely, accurate and complete reports on the operating condition of the CGC;
• Contribute to the evolution of CGC in the context of workflow management, portfolio reporting, business intelligence module etc.
• Contribute to CGC’s management reports for stakeholders;
• Represent the CGC with clients, investors, and business partners;
• Foster a corporate culture that promotes ethical practices, customer focus and service and encourages individual integrity

Risk

• Assess and manage the principal risks of the CGC’s business within operations (guarantee proposals/contracts, claims, projects, and staffing);
• Contribute to the definition of the credit risk parameters of the guarantee operations;
• Monitor operational risks of PFIs’ MSME lending operations, identify gaps, and required improvements and implement these;
• Function as member of the Risk, guarantee appraisal and claim committees;
• Contribute to the evolution and improvement of the credit risk management of the CGC in coordination with the Risk Department;
• Contribute to the evolution of CGC’s MIS in the context of risk management.

Expansion

• Ensure that growth opportunities are identified and captured (enrollment of additional PFIs, development of products, inclusion of additional target groups etc.);
• Carry out due diligence and TA needs assessment of new PFIs;
• Participate in and contribute to feasibility studies to be carried out by the CGC’s for new PFIs, and products;
• Assist the CEO and the CFO in developing and overseeing the long-term business strategies of the CGC;
• Spearhead the development, communication and implementation of effective growth strategies and processes.

Qualification & Experience

• A Master’s degree preferably in a business-related subject;
• 10 years in relevant work experience in financial sector specifically in MSME credit of which 5 to years should be in a senior managerial role;
• Minimum of 5 years work experience in management positions in finance in Nigeria;
• Experience with credit risk guarantees/insurance and exposure to development issues is desirable;
• Possesses requisite experience/knowledge in human capital management frameworks, IT infrastructure, financial planning, marketing, and operations financial reporting capabilities

Desired Skills & Competencies

• Excellent leadership and management skills;
• Convincing personality and ability to motivate and inspire teams and clients;
• Excellent communication skills (oral and in writing);
• Able to see the big picture and plan out details and therefore detail-oriented
• Strong process and planning orientation;
• Goal-oriented, task driven;
• Designs efficient systems, seeks productivity;
• Reliable, follows through on commitments;
• Commitment to and sincere interest in the philosophy and goals of development cooperation
• Personal commitment to organization excellence; displays honesty, integrity, and a strong sense of ethics in all decisions and actions.