Chief Risk Officer at Moniepoint Inc.

Position Overview:

The Chief Risk Officer (CRO) will be responsible for overseeing the risk management framework of Moniepoint Microfinance Bank. This executive role involves identifying, assessing, and mitigating risks across all aspects of the organization, ensuring compliance with regulatory requirements and industry standards. The ideal candidate will be a strategic thinker with a deep understanding of risk management in the financial services sector.

Key Responsibilities:

• Risk Strategy Development: Design and implement a comprehensive risk management strategy that aligns with the bank's overall business objectives and regulatory requirements.
• Risk Assessment: Identify, assess, and prioritize risks across the organization, including credit, operational, market, compliance, and reputational risks.
• Regulatory Compliance: Ensure that the bank adheres to all relevant regulations and industry standards, staying abreast of changes in the regulatory environment.
• Risk Monitoring: Establish key risk indicators (KRIs) and metrics to monitor risk exposures and ensure timely reporting to the board and senior management.
• Risk Mitigation: Develop and implement risk mitigation strategies and action plans, working collaboratively with other departments to minimize risk exposure.
• Crisis Management: Lead the development of crisis management and business continuity plans to ensure the bank is prepared for unforeseen events.
• Team Leadership: Build and manage a high-performing risk management team, fostering a culture of risk awareness and accountability throughout the organization.
• Stakeholder Engagement: Collaborate with the board of directors, executive leadership, and external stakeholders to communicate risk management strategies and outcomes.

Qualifications:

• Bachelor’s degree in Finance, Risk Management, Business Administration, or a related field; MBA or professional certification (e.g., FRM, CFA) preferred.
• 10+ years of experience in risk management within the financial services industry, preferably in microfinance or banking.
• Strong understanding of regulatory frameworks governing microfinance and banking operations.
• Proven experience in developing and implementing effective risk management strategies and frameworks.
• Exceptional analytical and problem-solving skills, with a data-driven approach to decision-making.
• Excellent communication and interpersonal skills, capable of influencing stakeholders at all levels.
• Strong leadership abilities with a track record of building and managing successful teams.