Risk Management/Control Officer at Rigo Microfinance Bank Limited

A Holding company located at Victoria Island, Lagos, Nigeria with subsidiaries covering  Banking, Real Estate, Insurance, and Asset Management has a vacancy for the role of a Risk Management/Control Officer

• Examine and evaluate the effectiveness and adequacy of the internal control systems
• Perform review of the effectiveness and application of risk assessment methodologies and risk management procedures
• Review financial and management information systems, including the electronic banking services and electronic information system
• Review financial reports and accounting records for accuracy and reliability
• Perform review of means, techniques, or methods of safeguarding assets
• Perform review of system applied by the bank in evaluating its capital vs estimated risk
• Perform evaluation of the economy and operational efficiency
• Perform test on both the functioning of specific internal control procedures and transactions
• Perform review on established systems for ensuring codes of conduct, compliance with regulatory and legal requirements, and the implementation of procedures and policies
• Perform special investigations; and carry out tests on the timeliness and reliability of the regulatory reporting.
• Undertaking internal audits to ensure the company meets its financial, operational and compliance objectives
• Supporting the development of an assurance planning reporting process
• Reporting on control deficiencies to management and making recommendations to mitigate risk and add value
• Challenging current processes across the company and identifying opportunities for refinement
• Engaging remediation of identified issues through follow-up
• Playing an active role in the maintenance and review of policies and procedures, including ensuring they are up to date with all legislation and best practices
• Communicating with a variety of stakeholders across the company.
• Any Other Activity that may protect the integrity of this bank's policies, procedures, processes, and controls.
• 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: Analysing current risks and identifying potential 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
• Preparing 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