Risk Officer

Responsibilities:

Risk Identification & Assessment:

• Identify and evaluate potential risks that could impact the organization's performance, including operational, financial, strategic, and compliance risks.
• Conduct risk assessments and analyze risk trends across the business to determine the potential impact and likelihood of occurrence.
• Collaborate with different departments to understand their risk profiles and recommend risk management strategies.

Risk Mitigation & Management:

• Develop and implement risk mitigation strategies to manage identified risks effectively.
• Ensure that risk management policies and procedures are established, documented, and communicated throughout the organization.
• Monitor the effectiveness of risk controls and suggest improvements to minimize exposure to risks.

Risk Monitoring & Reporting:

• Regularly monitor risk exposures and provide timely reports on emerging risks to necessary authorities.
• Prepare detailed risk analysis reports for the board and relevant stakeholders, outlining key risks and the measures taken to address them.
• Provide updates on the status of risk management initiatives and recommend actions based on ongoing risk assessments.

Regulatory Compliance & Governance:

• Ensure compliance with relevant regulatory requirements and industry standards in risk management practices.
• Collaborate with the legal and compliance teams to ensure that risk management policies align with regulatory changes.
• Maintain records and ensure proper documentation of all risk management activities to comply with audit and regulatory requirements.

Requirements:

• Bachelor’s degree in Risk Management, Finance, Economics, or a related field.
• Professional certifications such as CIIN, PRM are an advantage.
• Minimum of 2-4 years experience in risk management or a similar role, ideally within the insurance, banking, or financial services sector.
• Excellent analytical and problem-solving skills, with the ability to interpret complex data and assess risk accurately.
• Proficient in risk management tools, risk assessments, and reporting software.
• Excellent communication and interpersonal skills.
• Strong knowledge of regulatory standards and best industry practices in risk management.

Remuneration: NGN 4,000,000 – 6,000,000 Annual