Risk Manager

Opebi, Lagos Nigeria, Nigeria
Full Time
Manager/Supervisor
Job Title/PositionRisk Manager
Department Compliance
Report ToChief Compliance Officer
Direct Reports/ SubordinatesGroup Chief Compliance Officer
Job Grade Level

Key Duties and Responsibilities
  • Conduct assessments to define and analyze possible risks
  • Evaluate the gravity of each risk by considering its consequences
  • Audit processes and procedures
  • Develop risk management controls and systems
  • Design processes to eliminate or mitigate potential risks
  • Create contingency plans to manage crises
  • Evaluate existing policies and procedures to find weaknesses
  • Prepare reports and present recommendations
  • Help implement solutions and plans
  • Evaluate employees’ risk awareness and train them when necessary
  • Identify and assess risks inherent in the company’s products, services, processes, and systems (e.g., cyber risks, financial fraud, regulatory compliance, and credit risks).
  • Collaborate with various departments to ensure that effective risk mitigation measures are in place across all areas of the business.
  • Ensure that adequate safeguards, firewalls, and data protection measures are in place to protect both customer and company data.
  • Regularly review regulatory changes and advise senior management on the potential impact on the company’s risk profile.
  • Develop, implement, and maintain an Enterprise Risk Management (ERM) framework that aligns with industry best practices and company objectives.
  • Ensure that risk-related policies and procedures are clearly documented and accessible to relevant stakeholders.
  • Prepare and present comprehensive risk reports to the executive team, board of directors, and regulatory authorities as required.
  • Develop and maintain business continuity and disaster recovery plans to ensure operational resilience in the event of a disruption or crisis
  • Collaborate with the compliance, legal, finance, IT, and operations teams to ensure that risk management efforts are integrated throughout the organization.

 
 
Key Requirement
Education and Work Experience
  • A bachelor’s degree in Finance, Business, Risk Management, or a related field. A master's degree or professional certifications (e.g., FRM, PRM, or CRM) is preferred.
  • Must have completed NYSC
  • 5-6 years of experience in KYC/AML process, compliance, operations, risk & control functions
  • Strong knowledge of fintech regulations and their impact on the business.
  • Experience in cybersecurity risk management, financial risk modeling, and compliance regulations.
  • Previous experience working with senior leadership to develop risk management strategies.
 
Key Requirement /Skill
  • Strong analytical and problem-solving skills with the ability to assess and mitigate complex risks.
  • Excellent communication and interpersonal skills to collaborate with cross-functional teams.
  • Familiarity with risk management tools and software, as well as financial and business modeling.
  • Knowledge of enterprise risk management (ERM) frameworks and best practices.
  • Ability to stay updated with the latest trends, regulations, and technology developments in the fintech space.
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