• Application Deadline:
• Position: Financial Risk Management (FRM) Risk Analyst



• Job Type Full Time



• Qualification BA/BSc/HND , MBA/MSc/MA



• Experience 3 years



• Location Lagos




• Job Field Finance / Accounting / Audit 
  
  

Job Summary

• Support the identification, measurement, monitoring, and reporting of financial risks across the ARM Group’s businesses. The role assists in implementing risk policies and frameworks, performing quantitative analysis, supporting regulatory compliance, and providing timely insights to management to enable informed decision-making and sustainable growth.

Job Details

• Prepare monthly asset and liability management (ALM) reports and circulate same to the Asset and Liability Committee (ALCO). 


• Carry out the secretariat function for the monthly ALCO meetings.


• Execute monthly portfolio and mutual fund risk monitoring and assessments including (but not limited to) breaches of set limits, performance vs benchmark, risk adjusted returns, competition review, concentration exposure tracking, scenario and sensitivity analysis. 


• Manage and update the Risk Management related modules, limits and risk measures on the Portfolio Management System. 


• Carry out ongoing credit risk assessment on counterparties (including Commercial Banks, Merchant Banks, Mortgage Banks and non-financial institutions) and develop credit memos to be shared to key stakeholders for reviews and approval. 


• Identify and assess inherent risks in new products and initiatives across the ARM Group


• Design and review risk management and risk adjacent policies and framework of entities across the ARM Group.


• Prepare necessary regulator/audit/rating agency risk management reports including SEC Returns, financial risk disclosures and risk questionnaires reports that might be required by key stakeholders from time to time.


• Ensure the adequacy of existing internal controls and risk management frameworks through continuous identification, measurement and reporting of risk positions.


• Prepare the risk and control matrix for various entities within the ARM Group for the purpose of reviewing the Internal Controls over financial reporting (ICFR).


• Review and update the risk appetite statements, risk measures and tolerance limits for all entities within the ARM Group. 


• Monitor compliance of set risk appetite measures and tolerance limits for entities within the ARM Group.


• Ensure prompt reporting of risk exposures/positions and provide advice on possible resolution of critical issues.


• Support automation initiatives for risk reporting and monitoring, through the use of Excel, Excel Macros, Power BI and other tools.


• Engage in risk management training, workshops, town hall meetings and other form of risk awareness sessions for staff members.


• Prepare comprehensive risk reports for individual risk areas as well as aggregated position for internal stakeholders, such as Senior Management and Unit Heads.


• Carry out operational risk management analysis and resolution (including loss event assessment, Business Continuity assessment and others) as required from time to time.

Requirements

Competency and Skills Requirements

• Knowledge of the local and global financial service industry dynamics including regulations, legislations and operating environment.


• Understanding of risk and return, indicators and risk management techniques as well as trading and pricing derivatives.


• Ability to apply technical aspects of financial services regulation to practical business scenarios.


• Knowledge of market risk concepts; knowledge of financial, systems and process audit.


• Good financial accounting and budgeting skills.


• Understanding of non-bank financial service operations, policies and procedures.


• Problem solving and analytical abilities inclusive of statistics, data analysis and technical skills.

Minimum Qualifications

• First degree in an analytical or other discipline, such as: Accounting, Economics, Finance or Engineering.


• A relevant professional qualification (e.g. ACCA, ACA, CFA, FRM) and/or a Masters degree is a plus.


• Maximum of three years (3) relevant experience in the financial services sector or in a related role