Market and Operational Risk Analyst at IBFCAlliance Limited

IBFCAlliance Limited seeks to fill the role of a Market and Operational Risk Analyst for one of its clients (a Non-Bank Financial Institution in Lagos licensed by the CBN).

Job Description

• Develop and implement an appropriate framework for providing consistent measurement, reporting and control of risks across the Company’s investment portfolio.
• Perform comprehensive market assessments, including statistical analyses, and provide up-to-date information to guide the Company’s investment decisions.
• Continuously review/assess the risks facing the Company’s investments in order to proactively establish appropriate mitigating controls and monitoring mechanism/framework.
• Define risk limits/ thresholds for the company’s investment portfolio.
• Escalate/ report on and manage indicators outside thresholds with risk owners.
• Define and continuously review the Company’s investment risk policies, processes and activities, and make recommendations for improvement.
• Generate regular reports to Executive Management on the risk profiles of the Company’s investments
• Liaise with various job owners within the Company to identify, manage and mitigate risks which might arise from inadequate or failed internal processes, people and systems or from external events.
• Establish a robust risk assessment and monitoring mechanism to ensure regular reporting and escalation as required.
• Define risk limits/ thresholds and acceptance criteria.
• Champion the institutionalisation of an operational risk culture within the Company to promote transparency and accountability for inherent risk and controls.
• Identify and alert management on all key residual risks and controls.
• Update and maintain all operational risk management systems, models, procedures and tools.
• Work closely with Internal Audit and other key control functions for integrated control reviews.
• Perform operational risk analysis and generate regular reports to executive management, covering:
• Operational risk incidents and associated process breakdowns;
• Key risk indicators and root cause for significant deviations etc.
• Monitoring the implementation of action plans to address identified risks.
• Perform other duties as may be delegated by the Head, Risk Management.

Qualification and Experience

• University degree from a reputable institution
• A postgraduate degree (MBA, MSc, MA, etc.) and/ or professional certification (e.g., FRM), will be an added advantage
• 2 - 6 years’ experience, preferably in a financial institution.