Role Overview
- The Risk Manager is responsible for designing, implementing, and continuously improving the end-to-end risk framework for CashXpress Nigeria.
- Focus areas include credit risk, operational risk, fraud risk, regulatory compliance, and portfolio monitoring.
- Works closely with underwriting, collections, finance, product, and technology teams to balance growth with prudent risk controls.
- Reports to the Chief Risk Officer / Head of Risk (or equivalent) and collaborates with senior leadership, auditors, and regulators as needed.
Key Responsibilities
Risk framework and policy development:
- Develop and maintain the Nigerian risk framework, including credit risk policies, operational risk controls, fraud prevention, AML/CFT programs, and data privacy compliance.
- Establish risk appetite, tolerance levels, and escalation protocols; ensure alignment with regulatory expectations.
Portfolio risk management:
- Monitor portfolio quality, key risk indicators (KRIs), stress testing, and scenario analysis.
- Identify surveillance signals, approve risk-adjusted pricing, and recommend risk mitigation measures.
Operational risk and controls:
- Design and implement robust processes to minimize operational failures, process deviations, and cyber/tech risk.
- Oversee incident management, root cause analysis, and remediation tracking.
Fraud prevention and AML/CFT:
- Lead anti-fraud initiatives, transaction monitoring, identity verification, and SAR/STR processes as applicable.
- Ensure compliance with Nigeria’s AML/CFT regulations and data privacy rules.
Compliance and regulatory:
- Maintain up-to-date knowledge of Nigerian banking/financial services regulations affecting digital lending.
- Liaise with regulators and external auditors; prepare for inspections and examinations.
Data governance and analytics:
- Ensure data quality for risk models; collaborate with Data Science and IT to implement predictive models and risk scoring.
- Champion secure data handling and privacy-by-design principles.
Reporting and governance:
- Produce regular risk reports for executive leadership, the Board, and regulators; support risk committees with materials and insights.
People and collaboration:
- Build and mentor the risk team; foster cross-functional collaboration with underwriting, collections, product, and IT.
- Promote a strong risk culture across the organization.
Key Metrics
- Portfolio quality metrics (delinquency, default rate, loss given default, cure rate).
- Risk-adjusted profitability, impairment charges, and risk-adjusted return on loan book.
- Compliance incidents, audit findings closure, and regulatory exam outcomes.
- Time-to-detect and time-to-respond to risk events; accuracy of risk forecasts.
- Team performance and staff development metrics.
Required Qualifications and Experience
- Proven risk management experience in fintech, digital lending, microfinance, or consumer credit within Nigeria or similar markets.
- Strong understanding of credit risk modeling, portfolio management, fraud detection, AML/CFT, and data privacy considerations.
- Experience designing and implementing risk frameworks, policies, and controls in fast-growth environments.
- Familiarity with Nigerian regulatory expectations for digital lending and consumer protection.
- Data-driven mindset with experience in KPI tracking, dashboards, and risk-based decision-making.
- Excellent communication, stakeholder management, and collaboration skills.
- Bachelor’s degree required; advanced degree (MBA, MSc in Risk/Finance) or professional certifications (FRM, PRM) are a plus.
Nice-to-have:
- Experience with multi-product digital lending platforms, BNPL, or mobile money ecosystems.
- Knowledge of cybersecurity best practices and information security standards.
- Experience with external audits, regulatory examinations, or risk governance committees.
What we offer
- Competitive compensation package with performance-based incentives.
- Health benefits, pension contributions, and comprehensive insurance.
- Opportunity to shape risk governance in a fast-growing Nigerian fintech focused on financial inclusion.
- Professional development opportunities and leadership growth.
We are recruiting to fill the position below:
Job Title: Chief Risk Officer / Risk Manager
Location: Lagos
Employment Type: Full-time (onsite)
Role Overview
- The Risk Manager is responsible for designing, implementing, and continuously improving the end-to-end risk framework for CashXpress Nigeria.
- Focus areas include credit risk, operational risk, fraud risk, regulatory compliance, and portfolio monitoring.
- Works closely with underwriting, collections, finance, product, and technology teams to balance growth with prudent risk controls.
- Reports to the Chief Risk Officer / Head of Risk (or equivalent) and collaborates with senior leadership, auditors, and regulators as needed.
Key Responsibilities
Risk framework and policy development:
- Develop and maintain the Nigerian risk framework, including credit risk policies, operational risk controls, fraud prevention, AML/CFT programs, and data privacy compliance.
- Establish risk appetite, tolerance levels, and escalation protocols; ensure alignment with regulatory expectations.
Portfolio risk management:
- Monitor portfolio quality, key risk indicators (KRIs), stress testing, and scenario analysis.
- Identify surveillance signals, approve risk-adjusted pricing, and recommend risk mitigation measures.
Operational risk and controls:
- Design and implement robust processes to minimize operational failures, process deviations, and cyber/tech risk.
- Oversee incident management, root cause analysis, and remediation tracking.
Fraud prevention and AML/CFT:
- Lead anti-fraud initiatives, transaction monitoring, identity verification, and SAR/STR processes as applicable.
- Ensure compliance with Nigeria’s AML/CFT regulations and data privacy rules.
Compliance and regulatory:
- Maintain up-to-date knowledge of Nigerian banking/financial services regulations affecting digital lending.
- Liaise with regulators and external auditors; prepare for inspections and examinations.
Data governance and analytics:
- Ensure data quality for risk models; collaborate with Data Science and IT to implement predictive models and risk scoring.
- Champion secure data handling and privacy-by-design principles.
Reporting and governance:
- Produce regular risk reports for executive leadership, the Board, and regulators; support risk committees with materials and insights.
People and collaboration:
- Build and mentor the risk team; foster cross-functional collaboration with underwriting, collections, product, and IT.
- Promote a strong risk culture across the organization.
Key Metrics
- Portfolio quality metrics (delinquency, default rate, loss given default, cure rate).
- Risk-adjusted profitability, impairment charges, and risk-adjusted return on loan book.
- Compliance incidents, audit findings closure, and regulatory exam outcomes.
- Time-to-detect and time-to-respond to risk events; accuracy of risk forecasts.
- Team performance and staff development metrics.
Required Qualifications and Experience
- Proven risk management experience in fintech, digital lending, microfinance, or consumer credit within Nigeria or similar markets.
- Strong understanding of credit risk modeling, portfolio management, fraud detection, AML/CFT, and data privacy considerations.
- Experience designing and implementing risk frameworks, policies, and controls in fast-growth environments.
- Familiarity with Nigerian regulatory expectations for digital lending and consumer protection.
- Data-driven mindset with experience in KPI tracking, dashboards, and risk-based decision-making.
- Excellent communication, stakeholder management, and collaboration skills.
- Bachelor’s degree required; advanced degree (MBA, MSc in Risk/Finance) or professional certifications (FRM, PRM) are a plus.
Nice-to-have:
- Experience with multi-product digital lending platforms, BNPL, or mobile money ecosystems.
- Knowledge of cybersecurity best practices and information security standards.
- Experience with external audits, regulatory examinations, or risk governance committees.
What we offer
- Competitive compensation package with performance-based incentives.
- Health benefits, pension contributions, and comprehensive insurance.
- Opportunity to shape risk governance in a fast-growing Nigerian fintech focused on financial inclusion.
- Professional development opportunities and leadership growth.
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