Chief Risk Officer at Interswitch Group

Job Profile

• Develop and maintain an effective risk management system comprising strategies, processes and reporting procedures necessary to identify, measure, monitor, manage and report, on a continuous basis the risks, at an individual and at an aggregated level, to which the Company is, or could be, exposed.
• Lead and motivate subordinates to advance employee engagement develop a high performing managerial firm.
• Oversee all operations and business activities to ensure they produce the desired results and are consistent with the overall strategy and mission.
• Enforce adherence to legal guidelines and in-house policies to maintain the company’s legality and business ethics.
• Analyse problematic situations and occurrences and provide solutions to ensure company survival and growth.
• Maintain a deep knowledge of the markets of the company

Job Description
Business Impact:

• Ensure provision of operational expertise and insight required by the Group in designing and implementing end to end processes and standardisation
• Work with peers to develop and implement major strategic initiatives
• Maintaining compliance with relevant operational and regulatory policies and rules

Customers/Stakeholders:

• Manage major relationships with counterparts and service provider
• Develop and maintain a support function for the Group’s key clients
• Understand expected deliverables from key business areas identifying and implementing improvements to processes, organisation and governance to effectively support such deliverables and facilitate delivery
• Lead the effort support the overall Group growth strategy

Leadership and Teamwork:

• Drive and lead a high-performance culture through effective people management and inspire employee engagement
• Actively manage talent, leadership, career development and succession planning
• Provide strategic guidance in terms of prioritisation of project deliverables, objectives and initiatives
• Ensure relevant business decisions are forthcoming and appropriate. Problems are resolved in an effective manner and that issues and conflicts are dealt with professionally and speedily
• Ensure effective communication and work effectively with other members of the Senior Management team
• Build ‘bench strength’ to create a talent pipeline throughout the firm

Operational Effectiveness and Control:

• Facilitate the setting of the risk appetite by the Board, monitoring risk exposures against the Board-approved Risk Appetite Limits and reporting thereon to the Risk Committee, advising the Board on strategies to mitigate the risks to which the Company is exposed
• Implement the Operational Risk Framework and ensure the mitigation of material risk through engagement with the business
• Ensure that cost and control management is embedded within the firm
• Operational controls are in place, documented, evidenced and managed effectively
• Ensure that audit and control points raised are monitored and resolved appropriately
• Create and maintain operational MI and dashboard reporting

Regulatory Responsibilities Under Senior Managers Regime:

• Responsibility for compliance with the requirements of the regulatory system about the management responsibilities map
• Responsibility for the firm’s performance of its obligations under Fitness and Propriety in respect of its notified non-executive directors

Educationa and Experience
Academic Qualification(s):

• Bachelor's Degree in Accounting, Law or Finance related discipline.  Master’s in Business Administration or relevant Master’s degree from a reputable institution

Professional Qualification(s):
Evidence of strong industry / sector participation and relevant professional certifications such as: 

• Certification in Risk Management Assurance (CRMA)
• Global Association of Risk Professionals (GARP)
• Certified Information Systems Auditor (CISA)
• Institute of Chartered Accountants of Nigeria (ICAN)
• Association of Certified and Chartered Accountants (ACCA)

Experience (Number of relevant years):

• Minimum of 15 years’ post-qualification industry experience in risk, internal control, or compliance, 5 out of which must have been in a senior management position of a similar organisation.
• Demonstrable experience in Banking and Asset Management
• Substantial experience of best practice risk management and governance frameworks, methodologies and emerging practice in financial services
• Strong and proven strategic leadership experience, including developing strategic direction and planning & implementing successful growth plans
• Excellent management experience, including change management, with experience of successfully engaging with staff and the Board