Enterprise Risk Officer at Multigate Payments Limited

• The Enterprise Risk Officer plays a critical role in identifying, assessing, and mitigating risks across the institution. This position is responsible for developing and implementing a comprehensive enterprise risk management framework that enables proactive risk identification and strategic decision-makin. Operating in a non-bank financial institution that is regulated, the Risk Officer will identify, assess threats and come up with preventive measures and decide how to avoid, reduce or transfer risks. while ensuring compliance with applicable regulations.

Duties/Responsibilities

Risk Management: 

• Identify, analyze, and assess potential risks to the organization’s operations, assets, and reputation.
• Develop and implement risk mitigation strategies and action plans.
• Conduct regular risk assessments, including operational, financial, regulatory, and reputational risks.
• Monitor emerging risks and recommend strategies to address them.
• Prepare risk reports and dashboards for management and regulatory review.

Regulatory Compliance:

• Ensure adherence to regulatory requirements of relevant Regulators (in Nigeria and Canada), and other applicable local and international regulatory bodies.
• Monitor updates to regulatory frameworks and ensure timely incorporation into internal policies and procedures.
• Assist in the preparation of regulatory filings and submissions, including periodic risk reports and audits.

Policy Development and Implementation: 

• Contribute to the development and review of risk management policies, frameworks, and processes.
• Ensure policies and procedures align with best practices and regulatory standards.

Incident Management:

• Investigate risk-related incidents and recommend corrective actions.
• Maintain a register of incidents, track resolution, and ensure lessons learned are documented.

Training and Awareness:

• Conduct training sessions for employees to promote risk awareness and a compliance driven culture.
• Develop and disseminate materials on risk management and compliance practices.

Data Analysis and Monitoring: 

• Analyze data trends and risk indicators to predict potential risk exposure.
• Support the implementation of risk management systems and tools for real-time monitoring.

Other Responsibilities

• Establishes appropriate ERM framework including risk policies, metrics, reporting and monitoring. Ensures alignment of Risk Management with Corporate Strategy.
• Provides direction for the allocation of resources for Risk Management. Ensures that appropriate Risk Owners are designated.
• Facilitate the execution of ERM Framework. Supports Senior Management and the Board / Risk Committee (RC) in ensuring that risks are mitigated to the desired level.
• Ensures that the Risk Management Framework facilitates continuous improvement of organizations capabilities for management of its top priority risks.
• Ensures that Risk Management is guided by its Vision, Mission, Philosophy, Objectives and Policies.
• Assist the Board / Risk Committee (RC) and Senior Management in balancing the organizations risk taking ability with its approved Risk Appetite to protect as well as enhance Corporate Value.
• Ensures that Managers at all levels are performing their desired role as per the ERM Framework Delineates the specific roles and responsibilities pertaining to risk taking versus risk monitoring.
• Provides assurance that communication plan for Risk Management are both coherent and capably executed. Represents the main change agent for the implementation and continuous improvement of the ERM system.

Requirements

• Bachelor’s degree in Finance, Risk Management, Economics, Business Administration, or a related field.
• Minimum of 3 - 5 years experience in risk management, compliance, or a related field, preferably within a financial institution.
• Relevant certifications such as CRMA, PRM, or equivalent will be an advantage.
• Familiarity with regulatory frameworks , AML/CFT standards, and other relevant guidelines.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and organizational abilities.
• Proficiency in risk management tools, data analysis, and reporting software.
• Effective communication and interpersonal skills.
• Ability to work collaboratively in a team-oriented environment.

Required Skills

• Integrity and ethical judgment.
• Proactive approach to identifying and resolving risks.
• Strong understanding of local and international regulatory requirements.
• Ability to handle sensitive information with discretion