Head Enterprise Risk Management at Hope Payment Service Bank

JOB PURPOSE: 

Responsible for leading the Bank\'s risk management efforts, overseeing all aspects of Financial, Operational, IT (cyber), and Regulatory risks. The role involves developing and implementing a comprehensive risk management framework, ensuring regulatory compliance, managing the risk appetite, and safeguarding the bank’s assets and customer data. The role provides strategic risk oversight, supports informed decision-making, and ensures alignment with the Bank’s regulatory requirements and long-term business objectives.

KEY RESPONSIBILITIES:

• Develop and implement a comprehensive risk management strategy in line with the objectives of Hope Payments Service Bank and CBN guidelines.
• Collaborate with IT and cybersecurity teams to develop policies and frameworks to mitigate technology-related risks, including data breaches, cyberattacks, and fraud.
• Establish frameworks, policies, and procedures to manage risks across all areas of the Bank’s operations.
• Advise senior management and the board on the bank\'s risk appetite and ensure all business activities operate within acceptable limits.
• Implement business continuity and disaster recovery plans to minimize the impact of unforeseen events.
• Develop and maintain an effective fraud, financial, operational, market, sustainability, liquidity and technology risks management frameworks, ensuring early identification and resolution of risks events. 
• Ensure compliance with all CBN regulations, guidelines, and directives applicable to payments Service banks.
• Manage market and liquidity risks to ensure financial stability and sustainable growth.
• Prepare and present risk management reports to the Board of Directors, senior management, and regulators. 
• Utilize data analytics to assess and model potential risks, and design proactive risk mitigation strategies.
• Identify, assess, and mitigate operational risks, ensuring that processes and controls are robust across all business units.
• Maintain up-to-date risk register of the Bank
• Foster a risk-aware culture across the bank through training, communication, and awareness initiatives.
• Collaborate with the board of directors, executive leadership, and external stakeholders to communicate risk management strategies and outcomes.

SKILLS NECESSARY FOR JOB FUNCTION:

• Business Continuity Planning experience
• Strong analytical and decision-making skills
• Fraud prevention systems
• Change management Agent
• Innovation and Creativity
• Technology orientation
• Strong data management background
• Stakeholder/relationship management
• Digital Payment Security
• Regulatory Awareness and Compliance.

EDUCATION/TRAINING PROGRAMS:

• Bachelor’s degree in Risk Management, Accounting, Finance, or related field. 
• Professional certifications such as FRM (Financial Risk Manager), PRM (Professional Risk Manager), CFA (Chartered Financial Analyst), ACA, or ACCA will be an added advantage.
• An MBA or master’s degree in any business-related discipline is required.
• Certification in risk management frameworks such as ISO 31000, COSO ERM Framework will be an added advantage.
• Experience with BASEL II and III implementation is essential.

EXPERIENCE:

Minimum of 10-12 years’ experience in a Risk Management environment (operational, market, liquidity) within the Banking and Financial Services sector.