Posted on Wed 18th Mar, 2015 - hotnigerianjobs.com --- (0 comments)
At RS Hunter we believe our clients have the resources, what we do is to galvanize, advice and, partner with our clients to understand the peculiarities of their businesses and then find the best solutions and best HR strategies that work.
Our starting objective is to focus on small business and while providing support to larger organizations in the areas of recruitment and executive selection.
We are recruiting to fill the below position:
Job Title: Risk Manager
Location: Lagos
Job Description
Our Risk and Compliance Department is responsible for the end-to-end management and oversight of all categories of risk and governance in our organization.
The risk function within the entity is not only an oversight function but is expected to get involved in the day to day functional reporting and management processes insofar as there are no conflicts of interest.
This creates the opportunity for broad based integration into the business.
Responsibilities
Risk management across all risk types, not including credit approval
Assisting in setting risk appetite for the bank within the risk appetite framework
Driving the identification of, and reporting on, key risk indicators for the business
Identifying risks in the ALCO, market and operational risk functions, and reporting on these where they exceed risk appetite
Receiving and analysing daily credit (as required), market risk and performance reports for positions and reconciling these to the financial reporting positions
Where there are discrepancies in perceived vs. reported risk, or in reconciliation of profit to market moves, driving the resolution of discrepancies until there is consistency across trading, risk and financial platforms
Monitoring remediation of any excesses reported per the above functions
Monthly / Quarterly reporting to relevant risk committees both in Nigeria and South Africa as required
Assist in driving Nigerian Basel 2 implementation within the bank
Nigerian and South African regulatory reporting as is required by a risk function upkeep of our organization in Nigeria risk frameworks and policies
Performance measurement:
Track the performance of our various of trading and investment portfolios against benchmark to assist in the overall performance measurement analysis of the entity
Provide analysis around income volatility for the various business units
Product control:
Ensure that all instruments are, or are able to be, correctly booked into the systems and that systems can accurately reflect their valuations, accruals and cash flow events
Ensure that all deal conclusion forums (“DCF”) for both commoditized and bespoke products are held in accordance with governance frameworks
Ensure completeness of issues contemplated in each DCF, and follow up on outstanding items within the time frame set by the DCF chairman
Assist with any other responsibilities that may be required. The opportunity exists for the successful candidate to migrate into a very senior risk role within the organization should performance be in line with expectation.
Qualifications and Experience
The successful candidate should have at least a postgraduate technically orientated qualification such as an accounting degree, a B.Sc in Mathematical/Statistical/Actuarial Sciences, or B.Eng, or MBA with risk specialisation, all with a quantitative bias
At least three years’ working experience within a risk, product control or accounting function in a bank, preferably in a treasury environment, or as a consultant with 5 years of hands-on merchant banking / treasury experience
A CFA, PRMIA or GARP qualification will be a very distinct advantage.
Technical skills
A sound understanding of forex and fixed income markets
An understanding of financial products pricing and yield curve modelling
An understanding of regulatory risk reporting requirements
An understanding of treasury operating processes
Knowledge of Basel 2 (and 3)
General:
Substantial diligence in implementing complex processes as required, and following them on a daily basis
A strong sense of materiality
Good judgement and decision making skills
Strong interpersonal skills, and
Listening, analysis and debating skills
Additional Competencies (will serve as strong recommendation):
Post-graduate studies / qualifications in banking, finance / financial markets
Ability to assess financial risk
Human Relations Profile:
Strong character & integrity paramount
High degree of self-confidence; pleasant personality; well presented
Well organized / good time management skills / disciplined/ detail orientated
Self-starter able to work with minimal supervision
Team oriented
Flexible when necessary
Ability to work under pressure
Application Closing Date
26th March, 2015.
Method of Application
Interested and qualified candidates should send their applications to: [email protected]