Risk Management & Control Manager at Umba Nigeria

Umba combines advanced tools and techniques to optimize risk exposures in emerging markets that are currently underserved by traditional banking services. The Umba platform allows users to apply, receive and repay microloans through their mobile phone while using machine learning to underwrite using a risk score that is highly accurate and improves over time.

umba has just rolled out a new online POS solution and is teaming up with some of the biggest e-commerce merchants to increase customers access to online goods and services.

We are recruiting to fill the position below:

Job Title: Risk Management & Control Manager

Location: Lagos, Nigeria
Job type: Full Time
Career Level: Experienced

Job Description

• Reports directly to the Board through the Board Audit and Risk Committee with a dotted line to the general manager.
• The main functions of the Role are to ensure that all risks within the business are identified, have owners and have mitigating controls in place, and to create an environment where risk and control are clearly understood and is taken seriously by all staff.
• Furthermore, the Internal Audit Manager is expected to play an important role in inputting the efficiency and effectiveness of the Bank.

Responsibilities

• Supports in the implementation an overall Risk Management, Internal Control process & programs;
• Supports Head, Risk Management & Control to conduct Enterprise Risk
• Assessment on Business Groups and as required to support the requirements of
• Regulators or adopted certification Standards;
• Works with Business Group to ensure the development of Risk Register, RCSA and continuous update of the Risk Register as the business environment changes;
• In Collaboration with Business Groups, design and develop controls to mitigate
• identified risks;
• Ensures Risk Assessment of newly developed business processes are conducted before they are signed-off by their Owners. Update the Risk Register with the new details of the risk assessment;
• Develops Key Risk Indicators (KRI) for proactive monitoring of risks across
• Business Groups;
• Develops and ensures the implementation of Risk Management Policies and
• Processes
• Conducts Vendors and other Third-Parties Risk Assessment to support business and partners’ requirements;
• Conducts Product-Level Risk Assessment on existing and new Products and
• Services; ensures concerns raised are owned and addressed before Go-Live;
• Develops risk awareness presentation and conducts same across Business Groups to promote and raise risk management culture and awareness in the organization;
• Monitors and Reports losses, Claims and Refunds; Engages concerned Business
• Group to perform root cause analyses on identified risk events to recommend improvements to prevent these risk events from re-occurring in future. When necessary, refer to Internal Audit for investigation;
• Supports Business Groups to review Systems and Processes for adequacy of controls as documented in policies and processes and in line with best practice;
• Develops appropriate controls to close gaps identified during Internal,
• Surveillance, or External Audits; Ensure Business Groups review concerned processes or policies to address issues raised;
• Supports in the development of an Internal Control Plan and procedures for the review of controls such as Cybersecurity, Business Continuity, Networks,
• Application Development, Electronic/Transaction Systems, Information and
• Environmental Security, Human Resources, Finance, etc.;
• Possesses technical competences to conduct control assessments/reviews as planned in the Internal Control Plan and in fulfillment of the requirements of adopted standards such as PCI DSS, ISO 9001, ISO 27001, ISO 20000, ISO 22301, etc.;
• Evaluates integration and change requests and grants approval if requests meets requirements before implementation in the live environment;
• Conducts Business Impact Analysis and ensures the Business Continuity Plans across the Business Groups are reviewed and updated in line with current business environment;
• Ensures continuous monitoring of security pledges and timely reporting on Bank’s exposures.

Qualifications and Experience

• A Certified Public Accountant having completed the relevant professional exams
• An honors First Degree from a recognized university.
• 5-7 years experience of Risk Management experience in a regulated Financial Institution.
• S/He must demonstrate good knowledge of the Revised Regulatory and Supervisory Guidelines for Microfinance Banks (MFBs) in Nigeria (2012), Exposure Draft of the Guidelines for the Regulation and Supervision of Microfinance Banks in Nigeria (2019), and banking best practice.

Application Closing Date
Not Specified.