The Dangote Group is one of the most diversified business conglomerates in Africa with a hard-earned reputation for excellent business practices and products' quality with its operational headquarters in the bustling metropolis of Lagos, Nigeria in West Africa.
The Group's activities encompass:
Cement - Manufacturing / Importing
Sugar - Manufacturing ...
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Assist the Group Head of Operational Risk Management with embedding a best-in-class risk management culture within the organization.
Involve in the proper implementation of the Group’s Operational & Market risk management frameworks comprising its policies, procedures and tools, in line with best practice.
Job Responsibilities
Work closely with the Group Head, Operational Risk Management in ensuring that losses arising from failed or inadequate internal processes, systems, people and external events fall within the Group's risk appetite and is in alignment with the organization’s corporate strategy.
Ensures prompt completion and rendition of Risk & Control Self Assessments (RCSAs), and Key Risk Indicators (KRIs).
Performs root cause analyses on identified risk events and recommends controls to be implemented to prevent these risk events from re-occurring in future or to minimize the impact of the risk should the event be a critical business process.
Monitor the Business Unit's risk exposure closely to ensure operational efficiency, expected sales and proper redress of limiting factors.
Attend Management Committee meetings and present or discuss key risks identified that require immediate redress or awareness of Senior Management when assigned.
Monitoring/analysis of relevant market variables and current trends in the economy and evaluating the likely effect on the Group’s position.
Calculate the Group's FX net open position.
Estimate potential FX losses using Value-at-Risk (VaR)
Perform sensitivity analysis of the Bond portfolio to defined changes in interest rate using Duration/Convexity.
Measure liquidity risk using Gap analysis and Liquidity ratios.
Strategic Risk monitoring on issues such as risks emanating from corporate governance issues, strategy formulation and implementation, Pricing pressure and competition issues, Mergers and Acquisitions, Sales & Marketing issues and likely exposures from Systemic risks from macro-economic trends that might impact business.
Customize ERM Polices and SOPs to align with business dynamics and regulatory landscape.
Key Requirements
HND / Bachelor’s Degree in a Business-related Course, Economics Accounting or Engineering
Masters’ degree in a relevant field of study or relevant professional qualification would be an advantage.
Minimum of 5 years or more in Risk Management (Operation and market risk) either in manufacturing or financial services.
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