Risk Manager at Beyond Credit Limited

Key Responsibilities & Duties
Credit Risk Management:

• Design and enforce robust credit policies, procedures, and lending limits tailored to the BCL target market (SMEs, low-income entrepreneurs, groups).
• Analyze the portfolio for concentration risk (sectoral, geographic, single-obligor) as per CBN Prudential Guidelines.
• Develop and validate credit scoring models for retail and micro-loans.
• Monitor portfolio quality metrics: Portfolio-at-Risk (PAR > 30 days, > 90 days), delinquency rates, and roll rates.
• Oversee the loan loss provisioning process, ensuring adequacy and compliance with IFRS 9.

Operational Risk Management:

• Identify and map key operational risks including fraud, internal process failures, IT/system failures, and legal risks.
• Implement controls to mitigate fraud prevalent in the Nigerian context (e.g., identity theft, loan diversion, insider abuse).
• Ensure robust Business Continuity Plans (BCP) and Disaster Recovery Plans (DRP) are in place, especially relevant for Lagos's challenges (e.g., flooding, power instability, network outages).
• Oversee branch operations risk, cash management, and transaction processing risks.
• Liquidity & Market Risk Management:
• Monitor daily liquidity positions and comply with CBN's Liquidity Ratio and other statutory requirements.
• Manage the mismatch between assets and liabilities.
• Assess the impact of market variables like interest rate fluctuations and inflation on the MFI's operations and portfolio.

Strategic & Compliance Risk:

• Analyze risks associated with new products, business strategies, and expansion plans within Lagos and beyond.
• Ensure strict adherence to all CBN Microfinance Bank Regulatory Guidelines, Anti-Money Laundering (AML)/Combating the Financing of Terrorism (CFT) laws, and data protection regulations (NDPC Act).
• Liaise with regulators (CBN, NDIC) during examinations and ensure timely remediation of findings.

Enterprise Risk Framework & Reporting:

• Maintain the institution's Risk Management Framework and Policy, approved by the Board.
• Facilitate organization-wide Risk and Control Self-Assessment (RCSA).
• Prepare and present comprehensive risk reports to Senior Management and the Board Risk Committee, highlighting key risk indicators (KRIs), emerging risks, and mitigation status.
• Foster a strong risk culture through training and awareness programs for all staff.

People & Process Management:

• Lead and manage the risk department team (risk officers, analysts).
• Collaborate closely with heads of Credit, Operations, Finance, and IT to embed risk controls in all processes.
• Investigate major risk incidents and ensure corrective actions are implemented.

Qualifications & Experience

• Education: A first degree in Finance, Accounting, Economics, Business Administration, or a related field. A Master's degree or professional qualification is a strong advantage.
• Certifications: Mandatory: Professional certification from the Nigeria Risk Management Institute (NRMI). Highly Preferred: Associate of the Chartered Institute of Bankers of Nigeria (ACIBN), or international certifications like Financial Risk Manager (FRM) or Professional Risk Manager (PRM).
• Experience: 5-7 years of progressive experience in risk management, internal control, or credit administration within the Nigerian financial services sector, with at least 3 years in a management role within a licensed Microfinance Bank or a similar deposit-taking institution.

 Regulatory Knowledge: Must have an in-depth and practical understanding of:

• CBN Regulatory Framework for Microfinance Banks in Nigeria.
• CBN Prudential Guidelines.
• CBN AML/CFT Regulations.
• IFRS 9 Implementation.
• NDIC Acts.

Key Competencies & Skills:

• Analytical & Numerical Prowess: Ability to analyze complex portfolio data and make data-driven decisions.
• Integrity & Independence: Unquestionable ethics to withstand pressure and report risks objectively.
• Communication & Influence: Excellent skills to communicate risk concepts clearly to staff, management, and the board. Must be able to enforce policies.
•  Problem-Solving: Proactive in identifying vulnerabilities and designing pragmatic, cost-effective controls.
• Technological Savvy: Proficiency in core banking software, risk management systems, and advanced MS Excel.
• Knowledge of digital lending risks is a major plus.
• Resilience & Adaptability: Ability to operate effectively in the fast-paced, dynamic, and sometimes volatile Lagos business environment.

What the Role Offers

• A critical leadership position with direct impact on the stability and growth of the institution.
• Competitive remuneration package, including performance-based bonuses, as per industry standards in Lagos.
• Opportunity for professional growth and interaction with regulators.
• A challenging environment to apply and deepen expertise in niche risk areas critical to financial inclusion.