Chief Risk / Internal Audit Officer at Davenport Microfinance Bank

About the job

• We are seeking a highly skilled and proactive Chief Risk / Internal Audit Officer to lead the risk management and internal audit function of our digital microfinance bank. The ideal candidate will play a critical role in safeguarding the bank’s assets, ensuring regulatory compliance, and enhancing operational efficiency through strong risk management systems and independent internal audits.

Key Responsibilities

Risk Management

• Develop and implement a comprehensive enterprise risk management framework tailored to digital banking operations.
• Identify, assess, and mitigate risks related to credit, operational, compliance, strategic, liquidity, and IT/cybersecurity.
• Conduct regular risk assessments and provide timely risk reports to the management and Board Risk Committee.
• Ensure compliance with CBN regulations and internal risk appetite thresholds.
• Promote a risk-aware culture across departments through training and awareness programs.

Internal Audit

• Design and execute a risk-based internal audit plan covering all functional areas.
• Evaluate the effectiveness of internal controls, governance processes, and compliance with policies and regulatory requirements.
• Lead forensic and investigative audits as may be required by management and the Board.
• Provide recommendations for process improvements and monitor implementation.
• Submit timely audit reports to the Board Audit Committee.

Qualifications and Experience

• Bachelor’s degree in Accounting, Finance, Economics, or a related discipline.
• Professional certification (e.g., ACA, ACCA, CRMA, CISA, or CIA) is required.
• Minimum of 7 years’ experience in internal audit, risk management, or compliance, preferably in the financial services or digital banking space.
• Strong knowledge of CBN regulations, risk management frameworks, and internal control best practices.
• Experience in auditing digital platforms, fintech systems, or core banking applications is an added advantage.

Key Competencies

• Integrity and objectivity
• Strong analytical and problem-solving skills
• Ability to work independently and manage confidential information
• Excellent communication and report-writing skills
• Strategic mindset with attention to operational detail