• Application Deadline: Mon, 25 Sep 2023 00:00:00 GMT
• Position: Risk Management Officer


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 5 - 10 years


• Location Abuja


• Job Field Finance / Accounting / Audit 
  

JOB DESCRIPTION

• Provide support in the implementation of the Company’s Enterprise Risk Management Framework, Risk Appetite Framework etc.


• Reviewing the above and other relevant Frameworks as at when required and developing new risk frameworks to address emerging risk issues.


• Engagement of various stakeholders to set and communicate appropriate risk appetites/ tolerances.


• Provide risk advisory services to various departments in the effective management of risks arising from the Company's policies, activities and initiatives.


• Monitoring of appropriate risk indicators and triggers for the Company


• Participates in the identification, assessment, treatment, monitoring and reporting of risks across the Company.


• Set risk exposure limits in collaboration with relevant stakeholders.


• Participation in the periodic review of the Company’s Investment Policy, Assets and Liability Management Policy (ALM) in collaboration with relevant stakeholders


• Conducts periodic (quarterly and semi-annually) stress test on various risk metrics and indicator and recommend appropriate measures to mitigate the observed vulnerabilities.


• Oversees the management and reporting of risk events on the Company’s counterparties.


• Provide support in Developing risk models.


• Monitor the media for negative mentions of the Company.

OPERATIONAL RISK  ASSESEMENT

• Identification and independent monitoring of enterprise-wide view of known and emerging risks in the


• Company.


• Work with risk owners and all stakeholders in the development and update of the risk register


• Work with departments in developing Control Risk Self-Assessment (CRSA) and development Key Risk


• Indicators (KRIs) for all departments and monitoring of the set KRIs.


• Implementation of Business Continuity Plan (BCP); including coordinate the regular BCP test and follow-up on the remediation of the observed gaps.


• Work with relevant stakeholders in the implementation of the ISO certification.


• Analysis of incidence reports and proposing mitigants for the identified risks

FINANCIAL RISK MANAGEMENT

• Formulates and periodically reviews the asset liability management (ALM) policies, liquidity policies and guidelines for the Company.


• Updates the Company’s Capital Management and Stress Testing framework.


• Prepares monthly reports on currency and interest rate risks, as well as quarterly reports on financial projections, liquidity risk and debt allocation


• Effective Internal Control


• Review effectiveness of Internal policies and Standard Operating Procedures (SOP) management.


• Review all internal policies and ensures the processes are well captured in the SOPs of departments and operationalised.


• Identify deviations to internal policies and procedures promptly, escalate on a timely manner and follow up on remediation.


• Call over processed transactions and validate for authenticity and authorization.


• Prepare Bank reconciliation statement for all Banks on a monthly basis and follow-up on all outstanding issues.


• Facilitate stock review and monitoring.


• General ledger review including creation of users on the system.


• Review of new ledgers created and closure of ledger that are no longer required.


• Monitor compliance with CBN regulation and other regulations relevant to the Company’s operations.