Chief Risk Officer at Stresert Services Limited

Background

A leading non-bank financial institution and technology driven company is looking for an enterprising and technology aware/digital inclined risk management professional to operate in the role of a Chief Risk Officer. The company is focused on providing consumer loans to eligible customers through the use of data analysis, risk profiling tools and decisioning engine. The company currently operates its private and public sector (State and Federal) lending business across Nigeria and plan on diversifying into other business lines such as payment services. The role offers a high-level exposure and collaboration with senior executives of the group holding company.

This role directs the planning and implementation of risk systems in support of business operations to reduce losses and impairments, as well as support highly de-risked products development and business expansion initiatives. The Chief Risk Officer is responsible for leading the company’s decisions on existing enterprise risks as well as the process of products development (especially digital products) across lines of businesses, ensuring risks are identified, measured and mitigated for both business expansion and sustainability.

Key Responsibilities

• Strengthen risk management policies, practices, processes, and procedures for the organization, using agile approaches for increased competitive advantage.
• Manage an integrated Risk Management framework to mitigate enterprise risks and ensure risk priorities are reflected in the company's strategic plans.
• Lead formulation and implementation of risk assurance strategies for a digital business environment.
• Responsible for the design and implementation of portfolio (Credit, Borrowing and Payments) monitoring as well as Credit Collection strategy framework and actual collections.
• Provide strategic support and collaborate with other Divisions especially Technology, Products Development and Sales.
• Facilitate enterprise-wide risk assessment and mitigation of risks across the organization on an ongoing basis while ensuring ongoing risk reporting to relevant internal and external stakeholders for effective decision making and oversight functions.
• Champion the automation of risk management systems/tools and processes within the risk management division and across strategic business units.
• Provide risk assurance on new Products’ conceptualization, Development and Launch
• Provide development support for team members to perform their job effectively
• Promote awareness of risk across the organization.

Job requirements

• Master’s degree, MBA from a leading institution preferred
• Possess relevant tertiary qualification in Accounting, Banking & Finance or other relevant fields of study with experience in the financial services industry
• Minimum of 15 years’ relevant experience with at least 5 years in risk management within the Financial Services Industry, and 3 years of relevant work experience in an African market with a 5+years of direct leadership experience
• A data-driven decision-making approach and sound business judgment achieved through a strong analytical mindset
• Passionate interest in using innovation and technology to transform the financial services industry and fuel growth as well as ability to embrace technology to scale impact
• Experience in consumer businesses and services beneficial; experience in a dynamic operational environment where you were happy to problem solve and devise solutions on the go
• Strong knowledge of Operational Risk Management, Risk Management models, Credit Analysis, micro lending business, regulatory environment and conceptualization and development of Digital products
• Strong leadership abilities: ability to influence and motivate team to achieve set targets; ability to manage a diverse range of stakeholder relationships including those with senior management and board
• Entrepreneurial, creative, innovative, proactive mindset, ability to take ownership of targets and seek opportunities for improvement/growth
• Positive, solutions and impact orientated attitude, drive for excellence
• Professional demeanour, excellent organizational, interpersonal and communication skills (in English) and attention to detail