Head Of Risk

Responsibilities:

• Collaborate with business heads, executives, and management committees to develop and execute risk strategies and frameworks aligned with business objectives.
• Ensure risk considerations are integrated into strategic planning and business development processes.
• Develop, implement, and monitor risk assessment policies and procedures, including setting risk limits and Risk Acceptance Criteria (RAC).
• Manage risks related to processes, digital channels, cybersecurity, fraud, system outages, and third-party vendors.
• Ensure compliance with regulatory and statutory provisions, promptly reporting risk positions and providing guidance on critical risk issues.
• Continuously evaluate processes for identifying, assessing, monitoring, and reporting all risk types in alignment with the business strategic plan.
• Develop and manage qualitative and quantitative reporting to senior management and the Board of Directors regarding risk exposure and compliance.
• Enhance and embed risk guidelines and policy frameworks to effectively manage all types of risk.
• Oversee and improve portfolio management, early warning, remedial, and recovery functions.
• Lead digitization of credit appraisal, loan disbursement, and credit administration functions, leveraging fintech, big data, machine learning, and AI best practices.
• Transform collections and loan recovery processes to maximize success using technology and data-driven insights.
• Proactively monitor regulatory changes and emerging risk issues impacting the business.
• Set lending strategy limits and guide overall loan portfolio management.
• Develop a risk-aware culture by training and mentoring employees in risk management practices in line with business strategy

Requirements:                   

• Knowledge of Risk Management in a technology-driven business environment, while still having a good knowledge of traditional risk management.
• A good knowledge of cybersecurity, IT operational risks, fraud, and data management will be needed
• A good knowledge of credit risk management, which covers appraisals, operations (disbursements and collections), administration, and having enough knowledge to be able to work with a team to digitize the credit process while ensuring the traditional risk management steps are put in the digital process.
• The person must also be able to do a good job around market risk.
• A prior experience in a CBN-licensed institution, preferably in an MFB or Finance House.
  
• A good knowledge of numbers and the interplay of interest income and interest expense while keeping balancing lending rate and cost of funds. The person must be a good contributor to the ALCO and even own the activities of that committee. 
  
• Willingness to work in a growing organization and willingness to take on additional tasks and leadership opportunities within the business. A team player who is able to work in a closely-knit environment with a quite flat structure will be an advantage.