Risk Management Officer at Chartered Institute of Personnel Management of Nigeria

PRINCIPAL ACCOUNTABILITIES & RESPONSIBILITIES

Risk Management

• Assist the Head, Internal Audit and Compliance in coordinating updates to the
• Risk Management Framework and Risk Register.
• Maintain and update the Risk Register in collaboration with risk owners across departments.
• Review relevant policies and procedures for risk and compliance, as required.
• Ensure the integrity of the Institute’s processes through effective risk management practices.
• Undertake risk assessments in collaboration with risk owners, as required.
• Conduct risk assessments of departments or functional areas within required timelines.
• Identify emerging risks and evaluate their potential impact on operations.
• Identify loopholes in processes and recommend risk aversion measures and cost savings.
• Monitor implementation of agreed risk mitigation actions and follow up on outstanding issues.
• Track Key Risk Indicators (KRIs) and escalate risk issues where appropriate.
• Prepare reports and present summarized findings concerning risk trends and exposures.
• Monitor compliance with Standard Operating Procedures and established control protocols from a risk perspective.
• Review processes and documentation to assess adequacy of internal controls and identify gaps.
• Determine the level of compliance of activities with policies and procedures of the Institute.
• Support monitoring of statutory and regulatory compliance requirements.
• Make recommendations on ways the Institute can reduce operational inefficiencies, avoid fraud, and reduce waste.
• Advise management and departments on strengthening controls and improving processes.
• Promote risk awareness and best practices across the Institute.
• Support the documentation and proper record-keeping of risk-related
• policies, processes, and activities.

KEY PERFROMANCE INDICATORS

• Operational Targets Internal Business Process
• Organizational Capacity

Experience

• B.Sc. in Accounting/Finance/Business Administration/other Social Science courses.

Qualifications

• 2 - 3 years’ post-graduation experience in risk management, internal control, or compliance.
• Certified member of a professional body (ICAN, ACCA, etc.), will be an advantage.