Group, Head Risk Management needed at IBILE Microfinance Bank Limited

Job Expired
11 months ago

Job title : Group, Head Risk Management jobs in Lagos

Job Location : Lagos

Deadline : May 31, 2023

Quick Recommended Links

Job Summary

  • Minimizes the Bank’s risk exposure and maximise portfolio profitability by ensuring optimal assets and liabilities mix while maintaining effective financial controls Bank-wide.
  • Promotes continuity in the Bank’s operations by developing business control policies and operational guidelines thereby minimizing exposure to potential risks and impact on business performance.

Job Description

  • Contributes to the development of Corporate Strategy
  • Develops Risk Management Strategy in alignment with the Corporate Strategy
  • Formulates Bank-wide risk management policies and ensures that the policies, controls and procedures, are effectively disseminated and complied with across the Bank.
  • Risk Management Framework
  • Designs a robust enterprise risk management framework for the Bank
  • Identifies the internal and external risks affecting the achievement of the Bank’s objectives and develops a Bank-wide risk profile
  • Assesses risks, considering the likelihood and impact as a basis for determining how they should be managed
  • Understands key elements of the Bank’s risk profile, establishes risk tolerance levels across organization and develops proactive mitigating and coping strategies
  • Manages risk responses avoiding, accepting, reducing, or sharing risk- by developing a set of actions to align risks with the Bank’s risk tolerances and risk appetite.
  • Monitors the enterprise risk management process and make modifications as necessary?
  • Provides analytical support to management regarding risk metrics
  • Embeds a positive culture of informed risk taking through training, communication and promotion of the agreed risk framework.
  • Communicates relevant information in a form and timeframe that enables others to carry out their responsibilities.
  • Drives and coordinates internal preparations and responses during relevant regulatory examinations and reviews
  • Keeps abreast of relevant laws, regulations and code of good business practices and incorporates them into the risk management and governance frameworks
  • Develops appropriate systems to ensure the risks associated with the Bank’s lending are clearly identified and that appropriate mitigation measures are instituted
  • Develops necessary credit policies and processes and disseminates accordingly
  • Liaises on a daily basis with relationship managers etc. on various credit issues
  • Manages the documentation and safe-keeping of all security documents and credit files
  • Coordinates/supervises bank-wide credit risk assessment and control process
  • Monitors post- disbursement performance of credits to detect early warning signals and facilitate good risk assets quality
  • Directs the team’s activities for Collateral Management and Loan Restructuring
  • Oversees efficient administration of all debt recovery activities and works on reducing the Non-Performing Loans and Watchlist accounts
  • Monitors and reports on risk limits and exposures above regulatory requirements and the Bank’s risk appetite
  • Recommends Bank’s risk appetite to Executive Management. This will include portfolio limits, loss limits and other management action triggers.
  • Reviews Treasury products/activities (on and off-balance sheet) for the identification of any underlying market/liquidity risk factors
  • Annual and ad-hoc review of limits for Treasury proprietary trading activities, including recommendations for blacklisting defaulting counterparties where appropriate.
  • Manages the bank’s asset and liability position by ensuring optimal liquidity at minimal risk
  • Carries out daily, weekly, monthly and quarterly quantification of the bank’s exposure to the different sources of market risk in comparison with Management approved limits
  • Manages all operational risk resulting from inadequate or failed internal processes, people and systems or from external events
  • Manages strategic and reputational risks.
  • Evaluates the internal and external business contexts for potential and current risks and provides insights on the appropriate response to Executive management
  • Reviews workflows, process steps and existing policies and procedures to identify areas of risks and provide recommendations for mitigation
  • Assists in the development of business continuity plans to limit risk and prepare for disaster recovery
  • Develops and maintains an early risk alert reporting system
  • Reports significant risk exposures and control issues around fraud risks, governance and other matters to the Board as needed or requested
  • Provides accurate and objective business control assessment reports (issues, recommendations) to inform and guide Management on the state of compliance with relevant regulations and risk control policies
  • Staff Coaching and Performance Management
  • Monitors and evaluates performance of staff in Risk Management Function
  • Conducts effective training to improve the capability of team members
  • Provides career development support and adequate coaching to team members
  • Ensures the Risk Management department and also subsequently develops initiatives to ensure continuous improvement on:
  • Processes and Policies including process maps
  • Reporting Framework
  • Risk Management Tools and Templates
  • Staffing including training, manning, coaching, utilisation, performance management etc.

Qualifications

  • HND / University Degree in Banking, Accounting, Economics or other related field;
  • Member of a Professional accounting body e.g. ACCA, ICAN , ANAN is an added advantage
  • Minimum of 4 years work experience in similar role
  • Minimum of 2 years’ in a senior management role 
  • Cognate experience in a state or national microfinance bank or similar financial institution
  • Interfaced with regulatory bodies during examination
  • Knowledge of the banking regulations and laws.
  • Proficiency in Computer Applications Excel /Microsoft Office/Banking Applications such as Bank One.

How to Apply for this Offer

Interested and qualified candidates should send their Cover Letter and Resume to: careers@ibilemfb.com using the Job Title as the subject of the mail.

Note: Please candidate residing around Sangotedo & Lekki, Ajah, Lagos Island & Oshodi, Ikeja, Festac, Agbara, Ojo, Ijanikin and environs will be given preference.

  • Accounting / Financial Services jobs
  • Group, Head Risk Management jobs

  • This job has expired!