Head Enterprise Risk Manager at Money Trust Microfinance Bank

Job Summary

• The Head, Enterprise Risk Manager shall support the Enterprise Risk Management and Compliance function of the Bank through the implementation of the Risk Management and Compliance Framework within the standards defined by the Bank including the identification, measurement, monitoring and reporting of risk and enforcing compliance with policies, processes, procedures and controls.

Key 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, and Capital Management & Stress Testing 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 Policies (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.
• Oversee and Prepare MRC and ALCO reports for management use.
• Ensure that agreed resolutions from the MRC and ALCO meetings are implemented.
• Monitor the media for negative mentions of the Bank.

Operational Risk Assessment & 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 bank, use Impact Credit Guarantee, 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 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

Requirements

• Education - BSc. or Master’s degree in Accounting, Banking, Finance, Economics, Mathematics, or any other financial-related fields.
• Experience  - Must have a minimum of 4 – 5 years’ experience working as a Head, Enterprise Risk Management &Compliance of a Microfinance Bank or a Commercial Bank.
• Professional Certification – CPA – Certified Public Accountant, or ACA – Associate Chartered Accountant, or CIA – Certified Internal Auditor, CFA – Certified Financial Accountant. Any of these certifications will be an added advantage. The job holder shall report to the Board and the MD with a strong interface with the Head, Internal Control, &Chief Financial Officer.
• Professional Membership – CRMIN, ICAN, NICA, CIBN

Core Competencies:
Technical Competencies:

• Microsoft Office Suites &SQL.
• Must have Hands-on experience using BankOne Software
• Must have proven exposure to Treasury Front Office/Back Office and General Ledger reporting System.
• Must have working knowledge of Risk Management and or Compliance in Financial Institutions.
• Must have a practical Banking Compliance &Regulatory Knowledge
• Must have strong conceptual and Analytical Skills
• Ability to comprehend and interpret policies, procedures, laws, regulations & guidelines.
• Great understanding of the operations environment and all-round knowledge of how all units within the bank operates.
• Knowledge and effective application of all relevant banking policies, processes, procedures and guidelines to consistently achieve required compliance standards or benchmarks.
• Knowledge and experience in modern Risk and Compliance Risk Management practices to initiate and implement tactical changes to support business performance.

Behavioral Competencies:

• Performance Management – Have the ability to optimize own and team productivity.
• Technical Expertise – Posses good knowledge and skill in effectively performing and/or guiding performance of risk and compliance activities/tasks in a manner that consistently achieves high quality standards or bench marks.
• Leadership Skills – Ability to work and inspire team performance to achieving high degree of job performance and influence
• Communication Skills – Have an excellent written and verbal communication skills and also be able to convey ideas &positions clearly.
• Planning &Organizing – Ability to establish priorities, plan, coordinate and monitor own work plan.
• Collaborative Skills – Ability to work effectively with team in carrying and executing assignments

Benefits

• Tuition Reimbursement
• Health Insurance
• Pension
• Group Life Insurance