Job For Head, Risk Management In A Reputable International Microfinance Bank

Knowledgepool Consulting Limited - Our client, an International Microfinance Bank, requires career driven, honest and intelligent candidate to join its team in the position below:     Job Title: Head, Risk Management Location: Ibadan, Oyo Key Responsibilities

• Monitor and report on compliance with regulatory requirements.
• Proactively identify emerging risks and report to relevant stakeholders.
• Develop risk management system and train departmental risk champions on implementation
• Attend Board Audit and Risk Committee meetings; and any other duty assigned by Management for integrity of General ledger Credit Risk
• Develop the Enterprise Risk Management Policy for the bank
• Proactively Guide the integration of enterprise risk management with other organizational planning and management activities.
• Identify training needs for risk management and oversee development of enterprise risk competence and awareness across the bank
• Evaluate the adequacy of the company’s internal control framework in addressing risks and accomplishing the company’s goals and objectives;
• Work with Board Audit, Risk and Compliance committee in ensuring the identification and prioritization of risks and reporting of the same
• Analyse, on a quarterly basis, quality of loan portfolio depending on:
  • Client Officer / Branch
  • Composition of LCM
  • Type of Business Activity
  • Zones or market area.
  • Change in RSM
  • Value of Collaterals, etc.
• Perform regular analysis and monitoring of credit risk and exposure and likely impact on:
  • Quality of the loan portfolio
  • Business sector analysis
  • Market trends
• Perform periodic market survey to identify sector base risks in our target market.
• Follow-up and advise management regularly on the performance of exceptional loan files:
  • Restructured Loans.
  • Top-up Loans.
• Regular follow-up of bad debt management by the Recovery Unit and make recommendation on:
  • Management of nonaccrual loans
  • Performance of written-off loans
  • Legal cases
  • Management of seized items.
  • Valuation / Auction exercises
• Research and advice management on exceptional cases (potential high risk).
• Operational Risk:
  • Identify and liaise with department and unit heads in identifying major risk areas and propose actions in the management of such
  • Monitor implementation of action plans to ensure risk mitigation efforts are proceeding as required.
  • “Test” the effectiveness of cascading risk management approach to business decision making
• Fraud Analysis, Prevention & Whistle blowing:
  • Develop proactive, independent, balanced fraud risk awareness within the bank
  • Exercise direct ownership for Fraud Risk Management control across the Bank.
  • Ensure compliance on all fraud risk reporting requirements both internal and external.
  • Develop Standards for Fraud Risk Management.
  • Ensure that Fraud Risk achieves an optimal balance with regard to cost, efficiency, operations and
  • customer service.
  • Act as a major stakeholder in managing whistleblowing.
• Reporting Tools:
  • Update all Risk reporting tools to the M.D on a monthly basis
  • Develop new reporting tools in line with business need.

• Minimum of a First Degree in Social Sciences, Humanities, and Arts and relevant professional qualification in e.g. ACCA, CIM, CIBN. Familiarity with operational, Financial and Risk and Compliance procedures is required. A Master's Degree in Management will be an advantage.

• Minimum of Seven years (7) relevant experience in microfinance of which four should be in a managerial capacity. Good understanding of the Risk function in a micro finance establishment is also required.

• Good interpersonal and communication skills. Good analytical and mentoring skills.

• Meticulous, rigorous, open-minded, autonomous and self learner.