Job Vacancies at FairMoney

About the role:

We are currently seeking a highly skilled and experienced Senior Technical Accountant with expertise in International Financial Reporting Standards (IFRS), specifically IFRS 9, and a strong background in auditing. The ideal candidate will have prior experience in the financial services sector. As a Senior Technical Accountant, you will be responsible for ensuring the accurate and compliant application of IFRS standards, particularly IFRS 9, and providing technical accounting guidance to support the organisation's financial reporting and audit processes.

Roles and Responsibilities:

• Ensure compliance with IFRS standards, specifically focusing on IFRS 9, across all financial reporting and accounting activities.
• Provide guidance and interpretation on complex accounting issues related to IFRS standards including IFRS 9, to support decision-making and ensure proper application.
• Collaborate with internal and external auditors to provide technical accounting expertise during audit engagements, addressing any accounting-related queries or issues.
• Contribute to the preparation and review of financial statements, ensuring adherence to IFRS standards and disclosure requirements, with a specific focus on IFRS 9-related matters.
• Assist in the development and enhancement of accounting policies, procedures, and controls to align with evolving IFRS requirements and industry best practices.
• Stay up to date with updates and changes in IFRS standards, industry trends, and emerging accounting issues, assessing their potential impact on the organization's financial reporting.
• Conduct training sessions and provide technical accounting guidance to finance and other relevant teams to enhance their understanding of IFRS principles, with a focus on IFRS 9.
• Identify opportunities for process improvement, automation, and streamlining of financial reporting activities to enhance efficiency and accuracy.

Requirements

• Bachelor’s degree in accounting, Finance, or a related field.
• Professional accounting certification (e.g., CPA, ACCA, CIMA) is a plus.
• Minimum of 7 years of experience as a Technical Accountant or similar role, preferably within the financial services sector, with a focus on IFRS and audit.
• In-depth knowledge and practical experience with IFRS standards, particularly IFRS 9. Familiarity with other relevant IFRS standards is a plus.
• Strong understanding of audit processes, methodologies, and best practices. Prior experience collaborating with internal or external auditors is highly beneficial.
• Excellent analytical and problem-solving abilities, with a keen attention to detail. Capable of researching complex accounting issues and providing sound technical advice.
• Effective written and verbal communication skills, with the ability to articulate complex accounting concepts to both technical and non-technical stakeholders.
• Comfortable working in a dynamic and fast-paced environment with changing priorities. Able to manage multiple tasks simultaneously and meet deadlines.
• Demonstrated commitment to ongoing professional development and staying updated on accounting standards, regulations, and industry trends.
• Proficient in using accounting software and enterprise resource planning (ERP) systems.
• Experience with financial reporting tools and data analytics software is a plus.
• Strong communication and interpersonal skills to effectively collaborate with teams across various geographical locations.
• Experience working in Africa or other emerging markets, demonstrating an understanding of the unique challenges and opportunities present in these regions.

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About The Role:

You will be working as the Group’s Enterprise Risk Manager in the Risk department and will be responsible for ensuring our risk policies, processes, and reporting are aligned with relevant guidelines and best practice. Your mission is to track and manage all the risk associated with the business excluding credit risk. You will also ensure our Microfinance Bank is fully compliant with the statutory guidelines.

As the Enterprise Risk Manager, you will lead the regular reporting for the Nigerian business, as required both by the regulators as well as the internal compliance team, and be the key person preparing for CBN and NDIC risk-based audits. As such you will be considered as a key stakeholder and contributor in all decisions revolving around the business and strategic processes.

Roles and Responsibilities:

• Responsible for implementing the Company’s Risk Management Policy Framework as periodically revised and approved by the Board of Directors while ensuring that the Company’s key risks of credit, market, and operational are identified, assessed, measured, controlled, and managed prudentially.
• Responsible for managing all aspects of enterprise risk, which include designing of assessment and management: policies, processes, guidelines, reports, monitoring the effective implementation of the same.
• Design Risk Framework Components - Enhance, build, or expand Risk Identification, Risk Scoring, Risk Appetite, and Risk Reporting infrastructures, including relevant programs and processes across the company.
• Develop appropriate initiatives to mitigate the risk exposure level to the Company.
• Continuously monitors the company’s risk exposure and flags off any areas of concern.
• Development of risk indicators and ensuring compliance.
• Lead ERM special projects such as corporate educational risk training, expanding risk automation tools, maintenance of ERM policies and documentation, and activities focusing on the advancement of risk accountability and culture.
• Monitor and ensure key risk ratios do not exceed limits set by Executive Management.
• Keeping abreast of regulatory requirements within a risk context, providing advice on incoming obligations, and preparing position statements wherever necessary.
• Participate in the periodic review of the Bank's Investment Policy, Assets, and Liability Management Policy (ALM) in collaboration with relevant stakeholders.
• Conduct periodic (quarterly and semi-annually) stress tests on various risk metrics and indicators and recommend appropriate measures to mitigate the observed vulnerabilities.
• Prepare MRC reports and ensure that agreed resolutions from the MRC meetings are implemented.
• Implementation of a Business Continuity Plan (BCP); including coordinating the regular BCP test and follow-up on the remediation of the observed gaps.
• Work with relevant stakeholders in the implementation of the ISO and PCI-DSS certification.
• Prepare monthly/Quarterly reports.

Requirements

• Over 8 years of cognate experience.
• Demonstrable knowledge of Enterprise risk management within a Digital Bank.
• Strong knowledge of CBN regulations including prudential guidelines for MFBs.
• Strong attention to detail and ability to notice discrepancies in data.
• Willingness and ability to drive processes.
• Strong communication skills.
• Strong process management skills.