Head, Risk Management at Knowledgepool Consulting Limited

Location: Ibadan
Key Responsibilities

• Develop the Enterprise Risk Management Policy for the bank
• Proactively Guide the integration of enterprise risk management with other organizational planning and management activities.
• Identify training needs for risk management and oversee development of enterprise risk competence and awareness across the bank
• Evaluate the adequacy of the company’s internal control framework in addressing risks and accomplishing the company’s goals and objectives;
• Work with Board Audit, Risk and Compliance committee in ensuring the identification and prioritization of risks and reporting of the same
• Monitor and report on compliance with regulatory requirements.
• Proactively identify emerging risks and report to relevant stakeholders.
• Develop risk management system and train departmental risk champions on implementation
• Attend Board Audit and Risk Committee meetings; and any other duty assigned by Management for integrity of General ledger
• Credit Risk

Analyse, on a quarterly basis, quality of loan portfolio depending on:

• Client Officer / Branch
• Composition of LCM
• Type of Business Activity
• Zones or market area.
• Change in RSM
• Value of Collaterals, etc.

Perform regular analysis and monitoring of credit risk and exposure and likely impact on:

• Quality of the loan portfolio
• Business sector analysis
• Market trends
• Perform periodic market survey to identify sector base risks in our target market.
• Follow-up and advise management regularly on the performance of exceptional loan files:
• Restructured Loans.
• Top-up Loans.
• Regular follow-up of bad debt management by the Recovery Unit and make recommendation on:
• Management of nonaccrual loans
• Performance of written-off loans

Legal cases

• Management of seized items.
• Valuation / Auction exercises
• Research and advice management on exceptional cases (potential high risk).

Operational Risk

• Identify and liaise with department and unit heads in identifying major risk areas and propose actions in the management of such
•  Monitor implementation of action plans to ensure risk mitigation efforts are proceeding as required.
• “Test” the effectiveness of cascading risk management approach to business decision making
• Fraud Analysis, Prevention & Whistle blowing
• Develop proactive, independent, balanced fraud risk awareness within the bank
• Exercise direct ownership for Fraud Risk Management control across the Bank.
• Ensure compliance on all fraud risk reporting requirements both internal and external.
• Develop Standards for Fraud Risk Management.
• Ensure that Fraud Risk achieves an optimal balance with regard to cost, efficiency, operations and customer service.
• Act as a major stakeholder in managing whistleblowing.

Reporting Tools

• Update all Risk reporting tools to the M.D on a monthly basis
• Develop new reporting tools in line with business need.

PERSON SPECIFICATION
QUALIFICATION/EDUCATION:    Minimum of first degree in Social Sciences, Humanities, and Arts and relevant professional qualification in e.g. ACCA, CIM, CIBN. Familiarity with operational, Financial and Risk and Compliance procedures is required. A Masters degree in Management will be an advantage.

WORK EXPERIENCE:    Minimum of Seven years (7) relevant experience in microfinance of which four should be in a managerial capacity.  Good understanding of the Risk function in a micro finance establishment is also required.

SKILLS:    Good interpersonal and communication skills. Good analytical and mentoring skills.
PERSONAL TRAITS:    Meticulous, rigorous, open-minded, autonomous and self learner.