[Vacancy]: Head of Internal Control and Risk Management Needed at Resort Consult Limited

About Us

A prospective Tier 2 microfinance bank in the Lagos area of Ogun State requires the service of a dynamic result-oriented microfinance banker, with a proven record of accomplishment, to serve as its Pioneer Head of Internal Control and Risk Management.

Job Description

• Maintain oversight over the Bank’s Enterprise Risk Management (ERM) activities
• Establish company-wide risk management
• Responsible for implementing the bank’s Risk Management Policy Framework as periodically revised and approved by the Board of Directors.
• Be responsible for the development and implementation of policies and procedures that will reduce credit risk in the Bank.
• Ensuring that the bank’s risk identification and assessment is built on sound and reliable frameworks and systems.
• Work with the data science team to design and implement robust data-driven credit risk processes and policies to support the scale up our credit businesses. While also leveraging customer data to build risk segmentation and mitigation strategies.
• Perform regular reviews and analysis of the non-performing loans to identify common factors, and leverage the insights to modify the credit risk processes to prevent these factors, and track the changes to ensure improved performance.
• Work closely with the IT team to drive automation of the necessary reports for effective monitoring of the credit portfolio and the credit risk
• Developing methods to generate a robust system to identify, monitor, manage, and control credit, market, and operational risks.
• Facilitate the identification, assessment, measurement, monitoring, control, and reporting of the level of risks
• Provide support, education, and training to all team members in order to drive risk awareness across the business
• Work with the loan recovery team, in negotiating workout plans and strategies for delinquent customers and provide additional support with respect to exposures requiring collection agencies or legal action
• Prepare timely, comprehensive, and reliable credit risk reports to senior management and the board on a regular basis
• Monitor and manage the performance and development of direct reports.
• Develop appropriate Risk Management strategies/tools and disseminate appropriate risk management practices in line with developments in business products, changes in clients, markets/industry, laws, and regulations.

Requirements

• B.Sc. in Accounts, Banking & Finance, Economics, or a related field
• Microfinance Certification program (MCP) certified and professional Risk Management certification
• Minimum of 5 years in financial services, with sufficient experience in risk management.
• Competency in Enterprise Risk Management, Credit Risk Management, regulatory and other statutory requirements, especially in areas of credit risk management.
• Awareness of emerging and innovative credit risk assessments such as social scoring, alternative credit scoring, and big data analytics tools.
• Excellent knowledge of various types of risks (credit, operational, market, liquidity, environment, and social)
• Strong execution and operational skills, defining and mapping processes and ensuring compliance
• Strong data analysis skills, the ability to study data and find correlations that can be used to improve data-driven decisions, and proficiency in Information Technology (IT).

Remuneration is attractive and competitive.