Risk Manager needed at Winock Solar Limited

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Job title : Risk Manager

Job Location : Lagos

Deadline : August 10, 2024

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Job Description

  • The Risk Manager is responsible for identifying, assessing, and mitigating risks within Winock Lending.
  • This role involves developing and implementing risk management policies, conducting risk assessments, and ensuring compliance with regulatory requirements.
  • The Risk Manager will work closely with senior management to safeguard the institution’s assets and ensure its long-term stability and profitability.

Responsibilities
Risk Identification and Assessment:

  • Identify potential risks (financial, operational, credit, market, legal, and compliance) that could impact the institution.
  • Conduct regular risk assessments and analyze the institution’s risk exposure.
  • Develop and maintain a risk register to document identified risks and their mitigation measures.

Risk Mitigation and Management:

  • Develop and implement risk management strategies, policies, and procedures.
  • Monitor and manage the institution’s risk profile, ensuring it remains within approved risk appetite and tolerance levels.
  • Recommend risk mitigation measures and control enhancements to senior management.

Compliance and Regulatory Adherence:

  • Ensure compliance with relevant laws, regulations, and industry standards.
  • Stay updated on changes in regulatory requirements and ensure the institution’s policies and procedures are compliant.
  • Coordinate with regulatory bodies and participate in regulatory audits and inspections.

Credit Risk Management:

  • Oversee the credit risk management process, including credit risk assessment, loan approval, and portfolio monitoring.
  • Implement credit risk models and scoring systems to evaluate and mitigate credit risk.
  • Monitor the performance of the loan portfolio and recommend corrective actions as needed.

Operational Risk Management:

  • Identify and assess operational risks within the institution’s processes and systems.
  • Develop and implement controls to mitigate operational risks and improve process efficiency.
  • Conduct regular operational risk assessments and audits.

Reporting and Documentation:

  • Prepare and present risk management reports to senior management and the board of directors.
  • Maintain comprehensive documentation of risk management activities, policies, and procedures.
  • Ensure accurate and timely reporting of risk-related information.

Training and Awareness:

  • Provide training and support to staff on risk management policies and procedures.
  • Foster a risk-aware culture within the institution by promoting risk management best practices.
  • Conduct risk awareness programs and workshops for employees.

Crisis Management and Business Continuity:

  • Develop and maintain the institution’s crisis management and business continuity plans.
  • Coordinate crisis response activities and ensure effective communication during crises.
  • Conduct regular tests and drills to ensure readiness for potential disruptions.

Qualifications

Education:

  • Bachelor’s Degree in Finance, Accounting, Business Administration, or a related field.
  • Professional certifications such as Certified Risk Manager (CRM), Financial Risk Manager (FRM), or similar are preferred.

Experience:

  • Minimum of [5] years of experience in risk management, preferably in the financial services or microfinance sector.
  • Experience in credit risk assessment, operational risk management, and regulatory compliance.

Skills and Competencies:

  • Strong analytical and problem-solving skills.
  • Excellent understanding of risk management principles and practices.
  • Knowledge of regulatory requirements and industry standards.
  • Strong communication and interpersonal skills.
  • Ability to work independently and as part of a team.
  • Proficiency in risk management software and Microsoft Office Suite.

How to Apply for this Offer

Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the mail.

  • Accounting / Financial Services jobs