11 months ago
Job title : Group, Head Risk Management jobs in Lagos
Job Location : Lagos
Deadline : May 31, 2023
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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