Risk Analyst / Risk Associate at Rivy (Formerly Payhippo)

The Role

• The Risk Analyst/Risk Associate will support the Enterprise Risk Management arm of the organization towards developing risk management strategies to safeguard the company’s interests while ensuring compliance with regulatory requirements.

Job Responsibilities

• Operational & Process Risk: Assist in identifying process gaps and control weaknesses across the lending lifecycle (origination, disbursement, collections).
• Risk Report & Analytics: Assist in analyzing loan applications and assess borrower risk using internal and external data sources (KYC, credit bureaus, AML, sanctions).
• Participate in risk assessment, control testing and reporting with actionable insights.
• Fraud Risk Management: Monitor fraud detection rules and redflags. Collaborate with collections and operations teams to prevent fraud-related incidences.
• Loan Monitoring: Monitor violations of credit and risk policies, provide analysis, conclusion and recommendation.
• Regulatory & Compliance Support: Ensure adherence to internal policies and procedures
• Support compliance with regulatory requirements (NFIU, NDPR).
• Collaboration & Stakeholder Engagement: Work closely with Credit, Collections, Sales, Product and finance teams to improve risk outcomes.
• Undertake all such other roles and responsibilities as may be assigned from time to time and participate in risk management training to enhance knowledge, practice and compliance across board.

Qualifications

• Proven experience in risk management within the financial services industry (2-3 years).
• Preferably, experience in a Fintech environment.
• Strong understanding of financial markets, credit analysis, and risk assessment methodologies
• Excellent analytical and problem-solving skills
• Knowledge of regulatory requirements and compliance standards
• Strong communication and follow-up skills
• Basic knowledge of Microsoft Excel or Google Sheets
• Ability to work in a fast-paced environment and handle multiple tasks
• High level of integrity and attention to detail
• Willingness to learn and take initiative
• Candidate must reside in Lagos