Enterprise Risk Manager at Pagatech Limited

Location: Yaba, Lagos
Sector: Financial Services
Grade 11
Reports To: Head, Risk & Compliance

About The Role

• The Enterprise Risk Manager will be responsible for supporting the head in the development, re-design, implementation and maintenance of the risk management framework within Paga in line with the company’s strategic plans and its 3rd party activities.
• This includes developing and maintaining detailed risk management policies and processes and working with key business stakeholders to facilitate the embedding of these across the organization.
• The Risk Manager will also be responsible for the ongoing review and challenge of risk framework effectiveness and the implementation of risk management best practice.  

Primary Responsibilities
Managing Relationships:

• Provide support to key business stakeholders in implementing the risk framework
• Work closely with the Head of risk in defining the company’s risk appetite
• Manage the relationship with the 3rd party outsourced provider risk representatives
• Engage with company-wide risk champions
• Primary contact for significant incidents or risk events

Managing Process and Administration:

• Provide support to the Head of risk, in the design, documentation, communication and implementation of the risk management framework
• Prepare, maintain and communicate detailed risk management policies and processes including the risk control self-assessment process.
• Lead the risk assessment process for the company’s key products and projects.
• Assist in the annual review of the risk management policy in preparation for Board sign off, communicating amendments to business areas as required.
• Assist with the roll out of the risk control self-assessment and annual policy compliance processes, working with business stakeholders and 3rd party providers where appropriate
• Scope and deliver the ongoing self-assessment of risk management processes and procedures, scoping, agreeing and implementing improvements as required
• Review, assess and report significant risks and issues identified or reported by the business in line with the incident management process and assist the business in defining and agreeing remedial action
• Assist business lines in identification of key risks and mitigating controls as well as action plans to address any gaps in the mitigating measures identified.
• Monitoring the implementation of action plans to address key risks on the risk and control self-assessments/risk registers.
• Prepare and collate monthly risk reporting to the Head of Risk, Compliance and internal Audit and management.
• Challenge and periodically assess business area control assessments, including 3rd parties, reporting, recommending and agreeing remedial action where required
• Assist key business stakeholders in identifying and responding effectively to risks arising from internal changes or external events.

Knowledge and Skill Requirements

• Bachelor’s degree with a minimum of a 2:1 in an analytical field such as Engineering, Finance, Computer Science, Mathematics, Economics, etc
• At least 7 years relevant work experience
• Knowledgeable in technology
• Knowledge of risk management and auditing.
• Must have completed the mandatory NYSC
• Previous experience in a risk management role within financial services ideally within a Platform environment
• Excellent knowledge of industry best risk management practice.
• Experience in developing and implementing risk management policies and processes
• Experience of reviewing 3rd party risks
• Ability to understand and articulate the commercial benefits of effective risk management
• Excellent communication, relationship management and influencing skills
• Ability to build and maintain effective internal and external relationships
• Ability to analyse, present and report risk management data to senior stakeholders
• Team management skills including day to day training, supervision and performance management
• Ability to adapt and respond to change

 Key Competencies:

• Managing people
• Initiative
• Take ownership for workload and is proactive in approach
• Organized
• Multitask and manage competing priorities
• Creative and resourceful
• Good team player
• Flexibility
• Manage time effectively, personally and on behalf of others
• Strong communication skills, using appropriate language and style of communication that is relevant to the situation and circumstances to influence
• Demonstrate sufficient self-awareness to identify personal strengths and areas for development
• Ability to analyse and problem solve
• Professional manner
• Attention to detail