Team Lead, Enterprise Risk Management at Fosad Consulting Limited

Fosad Consulting, LLC. is a professional services firm established to provide quality consulting services to desiring clients, whose primary objective is to focus their management and technical resources on their core competence.

We are recruiting to fill the position below:

Job Title: Team Lead, Enterprise Risk Management

Location: Lagos Island, Lagos
Employment Type: Full-time

Role Responsibilities

• Design and develop innovative approaches to managing significant business risks effectively and efficiently.
• Serve as an enterprise risk subject matter expert to the business.
• Develop others' understanding of enterprise risk management through thought leadership, mentoring, and coaching.
• Provide policies and guidance to the business to help them understand how risks arise and what tools and techniques should be used to mitigate those risks.
• Report recommendations for improvements based on systematic analyses of information at agreed intervals.
• Interpret and translate financial information to drive strategic business decisions while monitoring risk.
• Review outputs of financial analyses to develop views and guide senior leadership in decision-making.
• Work with business stakeholders to create and help implement controls efficiently in complex environments.
• Champion proactive governance and internal control assessments while interacting with business stakeholders
• Provide advice on best practices and foresees the impact of changes in regulations, policies, and procedures.
• Assist in the development and implementation of corporate governance frameworks.
• Perform tests to identify instances of fraud.
• Interpret relevant legislation and regulations, legal documents, standards, and codes of practice relevant to the business units and their implications.
• Ensure monitoring and reporting of non-compliance events.

Key Performance Indicators

• Regulatory compliance by the company.
• % of compliance issues opened
• % of outstanding post-audit issues
• % of internal audits completed on-time
• % of strategic risks mitigated
• Quality of risk management framework and recommendations
• Internal compliance with standard operating procedures.
• Number of risks identified in financial and operating systems
• Accuracy of Risk Reports on Operational, credit and business Risks across the units.
• Business Environment Analysis.

What We Are Looking For

• Bachelor’s Degree in Finance, Accounting, Economics, Business Administration or Legal (Master’s Degree is an additional advantage)
• Minimum of seven (7) years working experience in the financial services sector.
• Local and international certifications in Risk management, such as Certificate in Risk Management (CIRM)
• Knowledge and experience in risk functions including enterprise, liquidity, etc and a broad understanding of the regulatory environment and compliance issues.
• Demonstrates ability to interpret facts, patterns, and trends to reach evidence-based decisions on the nature of risks and opportunities.
• Demonstrates understanding of different report types that are available and what is required for various stakeholders.
• Demonstrates understanding of the financial reporting process and risk standards.
• Understands and is familiar with regulations and associated company policies related to internal controls and governance.
• Aware of areas of high fraud risk (e.g., procurement, contracts, payments).
• Decision making skills.

Application Closing Date
Not Specified.