A successful international microfinance bank in Nigeria, needs a Head of Risk and Compliance.
You will be reporting directly to the Board Risk Management Committee, and will be responsible to implement and enforce a robust enterprise-wide risk management framework and requisite systems including policies, processes and tools. The risk framework should include Strategic risk, Operational risk, Market risk, Liquidity risk, Credit risk and Compliance risk, specially Anti-Money Laundering and Counter Terrorism legislation.
Duties and responsibilities
Develop appropriate Risk Management strategies/tools and disseminate appropriate risk management practices in line with developments in business products, change in clients, markets/industry, laws and regulations
Oversee and enforce risk management policies, including Credit Manual, Anti-Money Laundering (AML) Manual and Policy, and monitor compliance with policies.
Manage a comprehensive AML Compliance program for the company in line with local regulations and internal policy requirements; report quarterly to Board Audit Committee on AML
Monitor and manage the performance and development of direct reports, by being the champion of risk management and improve management team understanding of key risk identification, assessment, monitoring and reporting and mitigation
Internal Controls Activities
Conduct analysis of operations of the company to identify risks and violation from set policies and standards and make recommendations for preventive actions such as:
Systems of red flags
Exceptional transaction reports
Management of Methodology Function
Ensure timely update of subsidiary internal regulations, manuals, instruction memos, etc.
Manage evaluation process of all subsidiary manuals annually to ensure completeness, accuracy and efficiency;
Manage Performance and Control of Internal Polices
Develop and implement semiannual control work plan in collaboration with Africa Regional Internal Controls Manager;
Develop and manage evaluation and reporting process for Internal Control & Risk Officers;
Manage timely control activities for the Department based on the approved work plan and requests from subsidiary management board;
Desired Skills and Experience
Relevant professional qualifications in local market
Interested and suitably qualified candidates should click here to apply online.