• Application Deadline:
• Position: Risk Manager


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 5 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Job Description

• The Risk Manager is responsible for identifying, assessing, and mitigating risks within Winock Lending.


• This role involves developing and implementing risk management policies, conducting risk assessments, and ensuring compliance with regulatory requirements.


• The Risk Manager will work closely with senior management to safeguard the institution's assets and ensure its long-term stability and profitability.

Responsibilities

Risk Identification and Assessment:

• Identify potential risks (financial, operational, credit, market, legal, and compliance) that could impact the institution.


• Conduct regular risk assessments and analyze the institution’s risk exposure.


• Develop and maintain a risk register to document identified risks and their mitigation measures.

Risk Mitigation and Management:

• Develop and implement risk management strategies, policies, and procedures.


• Monitor and manage the institution’s risk profile, ensuring it remains within approved risk appetite and tolerance levels.


• Recommend risk mitigation measures and control enhancements to senior management.

Compliance and Regulatory Adherence:

• Ensure compliance with relevant laws, regulations, and industry standards.


• Stay updated on changes in regulatory requirements and ensure the institution’s policies and procedures are compliant.


• Coordinate with regulatory bodies and participate in regulatory audits and inspections.

Credit Risk Management:

• Oversee the credit risk management process, including credit risk assessment, loan approval, and portfolio monitoring.


• Implement credit risk models and scoring systems to evaluate and mitigate credit risk.


• Monitor the performance of the loan portfolio and recommend corrective actions as needed.

Operational Risk Management:

• Identify and assess operational risks within the institution’s processes and systems.


• Develop and implement controls to mitigate operational risks and improve process efficiency.


• Conduct regular operational risk assessments and audits.

Reporting and Documentation:

• Prepare and present risk management reports to senior management and the board of directors.


• Maintain comprehensive documentation of risk management activities, policies, and procedures.


• Ensure accurate and timely reporting of risk-related information.

Training and Awareness:

• Provide training and support to staff on risk management policies and procedures.


• Foster a risk-aware culture within the institution by promoting risk management best practices.


• Conduct risk awareness programs and workshops for employees.

Crisis Management and Business Continuity:

• Develop and maintain the institution’s crisis management and business continuity plans.


• Coordinate crisis response activities and ensure effective communication during crises.


• Conduct regular tests and drills to ensure readiness for potential disruptions.

Qualifications

Education:

• Bachelor’s Degree in Finance, Accounting, Business Administration, or a related field.


• Professional certifications such as Certified Risk Manager (CRM), Financial Risk Manager (FRM), or similar are preferred.

Experience:

• Minimum of [5] years of experience in risk management, preferably in the financial services or microfinance sector.


• Experience in credit risk assessment, operational risk management, and regulatory compliance.

Skills and Competencies:

• Strong analytical and problem-solving skills.


• Excellent understanding of risk management principles and practices.


• Knowledge of regulatory requirements and industry standards.


• Strong communication and interpersonal skills.


• Ability to work independently and as part of a team.


• Proficiency in risk management software and Microsoft Office Suite.