Head Enterprise Risk Management

BUSINESS UNIT/ DEPARTMENT:  Enterprise Assurance Group

LOCATION: Abuja, Nigeria

JOB SUMMARY

The Head Enterprise Risk will provide oversight to the Enterprise-wide risk management (ERM) strategy and framework that effectively translates the risk appetite framework into informed decision-making practices that support the organization’s unique business model and strategic plan. He or she will bring strong technical expertise coupled with leadership and excellent stakeholder skills.

DUTIES AND RESPONSIBILITIES.

• Oversee the development and implementation of the organization’s risk appetite, limits and tolerance levels.
• Assist the Board/Management to develop and communicate risk management policies, risk appetite and risk limits.
• Coordinate the identification, assessment and recording of business risks relating to processes and functions.
• Define the enterprise risk management framework and establish guidelines for the development and implementation of supporting policies and procedures.
• Incorporate risk considerations into strategic decision-making and ensure alignment between business strategies of line management and the risk policy.
• Ensure portfolio optimization through risk diversification and transfer strategies, in line with the risk/reward profile.
• Provide input into capital and resource allocation decisions.
• Establish and maintain a risk awareness culture and provide appropriate opportunities for organizational learning, including lessons learned from previous problems, on-going communication, training and development.
• Monitor and report on adherence to the organizations risk framework / policies to the Board.
• Act as the point of contact between the organization and Regulators/investors with reference to risk management issues.
• Build a risk monitoring system complying with Basel I & Basel II & Basel III requirements for assessing, reviewing and mitigating risk factors.
• Establish a Credit Rating system for the Group as well as develop and implement a Credit Risk Management policy for the Group Credit Department.
• Define procedure and guidelines for the establishment of the credit committee, ALCO committee etc.
• Develop objectives for measuring, monitoring, evaluating, and mitigating the risk exposure of the Group and ensure that they are reported in a timely manner to regulatory entities and the management of the Group.
• Oversee the Risk Management department in delivering high quality and professional service to the Group and the clients in the field of risk management.
• Recommend and maintain proper approval processes for all transaction types to ensure proper risk control.
• Ensure that classified loans are reported and properly administered in the system of the Group.
• Establish procedures and execute Profitability and Risk analysis for the Group frequently.
• Chairing Portfolio Management and Risk and Compliance Committees
• Develop predictive dynamic monitoring procedures/systems for the Risk Management Department.

JOB REQUIREMENTS.

• Minimum of 11 years’ experience in Enterprise Risk Management with at least 4 years’ risk management experience in a SEC regulated entity and at least 3 years in a management role.
• Minimum of a master’s degree or MBA in any related discipline.
• Professional certification such as CFA, CIS, ACCA, ACA, RIMAN or any other equivalent qualification from a recognized professional body
• SEC Sponsorship is an added advantage