Enterprise Risk Management Officer at The Development Bank of Nigeria (DBN)

Responsibilities

Efficient risk management

• Provide support in the implementation of the Bank’s Enterprise Risk Management Framework, Risk Appetite Framework, Operational Risk Framework, Reputational Risk Framework, FX Policy, Capital Management & Stress Testing and Bael III Implementation.
• Review the above Frameworks as at when required and developing new risk frameworks to address emerging risk issues.
• Engagement of various stakeholders to set and communicate appropriate risk appetites/ tolerances.
• Provide risk advisory services to various departments in the effective management of risks arising from the Bank's policies, activities and initiatives.
• Monitor appropriate risk indicators and triggers for the Bank
• Participate in the identification, assessment, treatment, monitoring and reporting of risks across the Bank.
• Set risk exposure limits in collaboration with relevant stakeholders.
• Participate in the periodic review of the Bank’s Investment Policy, Assets and Liability Management Policy (ALM) in collaboration with relevant stakeholders
• Conduct periodic (quarterly and semi-annually) stress test on various risk metrics and indicator and recommend appropriate measures to mitigate the observed vulnerabilities.
• Oversee the management and reporting of risk events on the Bank’s counterparties.
• Prepare MRC and ALCO reports.
• Ensure that agreed resolutions from the MRC and ALCO meetings are implemented.
• Provide support in Developing risk models for Pillar I & II Capital Charge which will serve as inputs into the ICAAP.
• Monitor the media for negative mentions of the Bank.

Operational risk assessment and capacity building

• Identification and independent monitoring of enterprise-wide view of known and emerging risks in the Bank.
• Work with risk owners and all stakeholders in the development and update of the risk register
• Work with departments in developing Control Risk Self-Assessment (CRSA) and development Key Risk Indicators (KRIs) for all departments and monitoring of the set KRIs.
• Implementation of Business Continuity Plan (BCP); including coordinate the regular BCP test and follow-up on the remediation of the observed gaps.
• Work with relevant stakeholders in the implementation of the ISO certification.
• Monitor the risk exposure of the subsidiary (Impact Credit Guarantee Ltd) and ensure risk exposure of the company are within the Bank`s risk appetite
• Analysis of incidence reports and proposing mitigants for the identified risks

Market and Liquidity risk management

• Identification, measurement, analysis, monitoring and reporting of market, liquidity and FX risk exposures of the Bank.
• Review of the Bank’s Market (IRRBB) and liquidity Risk Policy to identify gaps and areas for improvements
• Monitor and report compliance with the Bank Market (IRRBB) and liquidity Risk appetite (standards, limits) and risk tolerance.
• Support the ALCO and MCRC secretariats
• Monitor compliance with counterparty placement limits
• Render regulatory returns to the CBN.

Financial Risk Management

• Formulate and periodically review the asset liability management (ALM) policies, liquidity policies and guidelines for the Bank
• Update the Bank’s Capital Management and Stress Testing framework
• Prepare the Bank’s annual market risk review, providing a monitoring report to the Board on currency, interest rate, liquidity and counterparty risks
• Prepare monthly reports on currency and interest rate risks, as well as quarterly reports on financial projections, liquidity risk and debt allocation.

Qualifications

• Bachelor’s degree in Accounting, Banking & Finance, Economics, Business Administration or any social sciences related discipline.
• Post graduate degree in a business-related field or management is an added advantage.
• Membership of any recognized professional certification such as RIMAN, PRMIA, GARP, IRM or any related certification is required.
• Minimum of 3 years of experience in Banking or Financial risk in a related field is required.