Enterprise Risk Manager at ITEX Integrated Services Limited

ITEX Integrated Services Limited welcomes you to a world of secure and convenient Online and Mobile payment solutions. We are an innovative FinTech company that designs and deploys secured solutions. Our wide range of innovative products and services are tailored to meet your unique transactional needs and we are one of the first organisations to successfully deploy and manage Point-of-Sale (POS) Terminals in Nigeria. We make the transactional experience enjoyable for our clients by offering them the ability to monitor and control their transaction processes. Whether you are a government agency or a private organization, take advantage of our expertise in payment solutions and enjoy real value in your business today.

We are recruiting to fill the position below:

Job Title: Enterprise Risk Manager

Location: Lagos
Employment Type: Full-time

Summary

• The role holder will be responsible for developing and maintaining a risk management framework for ITEX, and monitoring risks, ensuring that they are within the approved risk appetite.

Responsibilities

• Develop a robust Enterprise Risk Management framework that will guide ITEX’s operations in the achievement of her mandate.
• Design Risk Framework Components - Enhance, build, or expand Risk Identification, Risk Scoring, Risk Appetite, and Risk Reporting infrastructures, including relevant programs and processes across the Company.
• Lead ERM special projects such as corporate educational risk training, expanding risk automation tools, maintenance of ERM policies and documentation, and activities focusing on the advancement of risk accountability and culture.;
• Responsible for managing all aspects of enterprise risk, which include designing of assessment and management: policies, processes, guidelines, reports, monitoring the effective implementation of the same.
• Responsible for implementing the Company’s Risk Management Policy Framework and periodically reviewing to ensure that the Company’s key operational risks are identified, assessed, measured, controlled, and managed prudentially.
• Develop appropriate initiatives to mitigate risk exposures to the organization.
• Conduct regular stress tests on the Company and Subsidiaries’ portfolio using a simulation model to evaluate the potential impact on Capital and Liquidity Requirements.
• Conduct periodic risk assessments and prepare the respective risk profiles that facilitate monitoring of the risk component in ITEX.
• Continuously monitor the company’s risk exposure and flags / escalate any areas of concern.
• Development of risk indicators and ensuring compliance.
• Formulate new policy guidelines to manage credit, market & operational, and country risks in line with best practices.
• Establish and manage the operations of the fraud management desk
• Business Continuity Management
• Drive operational excellence through established policies, processes, and procedures
• Product review and risk assessment of new products and changes to existing products.

Requirements

• Bachelor’s Degree in Accounting, Banking & Finance, Economics, Business Administration or any social sciences related discipline.
• Postgraduate Degree in a business-related field or management is an added advantage.
• Experience within a Risk function of a financial services company, preferably with exposure to Risk & Control Self-Assessment.
• Experience with Risk & Controls, how they are measured and assessed against risk appetite
• Preparation of risk reports
• A good understanding of financial products and solutions and the regulatory and legal environment in which they operate
• Experience of using information systems for investigation and reporting e.g. MS Excel, PowerBI and Tableau.

Application Closing Date
Not Specified.