Jobs at Bosak Microfinance Bank Limited

About the Role

• The Enterprise Risk Management Officer will be responsible for identifying, assessing, monitoring, and mitigating risks across various Units of the Bank.

Key Responsibilities

• Assess the Bank’s core risk areas and recommend appropriate mitigation measures.
• Manage and monitor risk exposures across various units, ensuring compliance with internal policies and regulatory expectations.
• Create, analyze, and disseminate risk reports and dashboards for internal control and senior management review.
• Follow up on compliance issues and audit observations, ensuring timely closure and control remediation.
• Review and escalate findings from customer complaints received via the Bank’s toll-free telephone line, and support investigations in collaboration with the Unit Head.
• Conduct daily transaction checks and exception reports, especially those related to field operations and loan disbursement.
• Perform transaction call-over, quality control checks, and loan officer activity reviews.
• Support the documentation and continuous improvement of the Bank’s Enterprise Risk Management (ERM) framework.
• Participate in periodic risk assessments, stress testing, and internal audits.
• Carry out other ad hoc risk-related assignments as directed by the Unit Head.

Qualifications & Requirements

• Bachelor’s Degree in Finance, Risk Management, Accounting, Economics, or related field.
• 4 years of relevant experience in risk, compliance, or internal control, preferably within a microfinance or retail banking institution.
• Familiarity with risk frameworks such as Risk Management Graduation Model (RMGM), and a strong understanding of CBN/NDIC regulatory requirements.
• Proficiency in risk reporting, issue tracking, and operational control monitoring.
• Excellent communication and report-writing skills.
• Strong ethical judgment and attention to detail.
• Professional certification is an added advantage.

Why Work with Bosak Microfinance Bank Limited?

• If you desire to work in an organization where employee motivation is key and passion is rewarded, then Bosak MFB might be the place for you.
• We are committed to building an open and rewarding work environment where all employees have equal opportunities for growth to realize their full potential.
• Our remuneration and employee welfare packages are among the best in the industry.

Other Benefits Includes:

• Comprehensive HMO
• Training and Development
• Leave and Passage allowance
• Opportunities for career growth in a mission-driven institution.

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Responsibilities

• Conducting confidential investigations on control breaches.
• Vault cash count and register
• Ensure the physical cash correlates with the system balance
• Ensure loan officer`s and teller`s till are balanced and zero
• Spooling of uncheck SMS report, investigate why the customer(s) was unchecked
• Spool weekly repayment report to call customer`s with previous day shortfall (at least 20 customers in a week), investigate why repayment was not made
• Checking of LO`s till for daily postings on field
• Marking of LO`s ledgers.
• Ensuringall customer cash collections are deposited in correspondent banks, and any undeposited funds are securely boxed in the vault.
• Verifying and Sending of disbursement advice to the appropriate unit
• Ensure adequate care and maintenance of bank’s properties.
• Monitors organization wide compliance with laid down policies, processes and procedure to ensure adherence.
• Review & manage the day-to-day activities attendance register and operational issues.
• Ensure that strategies defined are implemented by Internal Audit Team for accomplishment of the department’s objectives.
• Carry out specific management assigned tasks.
• Assist in carrying out Full Scale Inspection & Audit.
• Calling over of transactions and quality control.
• Checking of Loan Officer’s daily transactions.
• Report all form of infraction affecting the business arising from daily situations.
• Conducting random spot check with other unit on processes and operations to identify potential weaknesses or deviations from the established procedures.
• Query all anomalies discovered from spot check.
• Attend to deceased customer`s report, if any.
• Assess the primary risks facing the bank and identify risk mitigation measures.
• Managing the risks associated with the different Units in the bank (Enterprise Risk Management) and following up to ensure compliance on all observations.

Qualifications

• Minimum of a Bachelor’s Degree in Accounting, Finance, or a related field.
• Minimum of 4years’ relevant experience in internal auditing or internal control, preferably within the financial services industry.
• Excellent analytical, investigative, and problem-solving abilities.
• Strong communication, interpersonal, and report-writing skills.
• Solid knowledge of internal control frameworks and best practices.
• Proficiency in Microsoft Office Suite.

Remuneration
We offer the following Benefits:

• Salary: N180,000 - N230,000 / month.
• HMO
• Constant Training and Development
• Leave & Passage Allowance
• 13th Month.