Team Lead, Enterprise Risk Management at Fosad Consulting

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
2 years ago

Additional Details

Job ID
68258
Job Views
98

Job Description



Role Responsibilities



  • Design and develop innovative approaches to managing significant business risks effectively and efficiently.

  • Serve as an enterprise risk subject matter expert to the business.

  • Develop others' understanding of enterprise risk management through thought leadership, mentoring, and coaching.

  • Provide policies and guidance to the business to help them understand how risks arise and what tools and techniques should be used to mitigate those risks.

  • Report recommendations for improvements based on systematic analyses of information at agreed intervals.

  • Interpret and translate financial information to drive strategic business decisions while monitoring risk.

  • Review outputs of financial analyses to develop views and guide senior leadership in decision-making.

  • Work with business stakeholders to create and help implement controls efficiently in complex environments.

  • Champion proactive governance and internal control assessments while interacting with business stakeholders

  • Provide advice on best practices and foresees the impact of changes in regulations, policies, and procedures.

  • Assist in the development and implementation of corporate governance frameworks.

  • Perform tests to identify instances of fraud.

  • Interpret relevant legislation and regulations, legal documents, standards, and codes of practice relevant to the business units and their implications.

  • Ensure monitoring and reporting of non-compliance events.


Key Performance Indicators



  • Regulatory compliance by the company.

  • % of compliance issues opened

  • % of outstanding post-audit issues

  • % of internal audits completed on-time

  • % of strategic risks mitigated

  • Quality of risk management framework and recommendations

  • Internal compliance with standard operating procedures.

  • Number of risks identified in financial and operating systems

  • Accuracy of Risk Reports on Operational, credit and business Risks across the units.

  • Business Environment Analysis.


What We Are Looking For



  • Bachelor’s Degree in Finance, Accounting, Economics, Business Administration or Legal (Master’s Degree is an additional advantage)

  • Minimum of seven (7) years working experience in the financial services sector.

  • Local and international certifications in Risk management, such as Certificate in Risk Management (CIRM)

  • Knowledge and experience in risk functions including enterprise, liquidity, etc and a broad understanding of the regulatory environment and compliance issues.

  • Demonstrates ability to interpret facts, patterns, and trends to reach evidence-based decisions on the nature of risks and opportunities.

  • Demonstrates understanding of different report types that are available and what is required for various stakeholders.

  • Demonstrates understanding of the financial reporting process and risk standards.

  • Understands and is familiar with regulations and associated company policies related to internal controls and governance.

  • Aware of areas of high fraud risk (e.g., procurement, contracts, payments).

  • Decision making skills.


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