Head, Risk Management and Internal Auditor at Lagos Bus Services Limited

Responsibilities

• Designing and implementing an overall risk management process for the organization, which includes an analysis of the financial impact on the company when risks occur
• Performing a risk assessment by analyzing current risks and identifying potentials risks that are affecting the company
• Performing a risk evaluation: evaluating the company’s previous handling of risks, and comparing potential risks with criteria set out by the company such as costs and legal requirements
• Establishing the level of risk the company are willing to take to prepare risk management and insurance budgets
• Risk reporting tailored to the relevant audience. (educating the board of directors about the most significant risks to the business; ensuring business heads understand the risks that might affect their departments; ensuring individuals understand their own accountability for individual risks)
• Explaining the external risk posed by corporate governance to stakeholders
• Creating business continuity plans to limit risks
• Implementing health and safety measures, and purchasing insurance
• Conducting policy and compliance audits, which will include liaising with internal and external auditors
• Maintaining records of insurance policies and claims
• Reviewing any new major contracts or internal business proposals
• Building risk awareness amongst staff by providing support and training within the company
• Encourage open communication and collaboration across departments to enhance risk identification and mitigation efforts
• Directs and develops a risk-based annual internal audit plan and budget for evaluating the effectiveness of controls in place to manage significant financial reporting and other risk exposures, safeguard company assets, and compliance with laws and regulations
• Compiles and analyze data on risk and organizational trends.

Qualifications

• BSc / HND in finance, accounting, risk management or related field
• MSc / MBA will be an added advantage
• ICAN / ACCA compulsory

Requirements:

• Minimum of five years of experience in a similar role
• Proven experience in risk management roles with leadership skills within the financial body
• Strong understanding of risk management policies, principles and regulatory requirements
• Excellent analytical skills with the ability to assess complex risks and develop practical solutions
• Effective communication and presentation skills, with the ability to articulate complex concepts to diverse audiences
• Expert level knowledge and previous experience with Generally Accepted Accounting Principles (GAAP), practices and reporting guidelines.