Chief Risk Officer at a Financial Services Company - Deloitte Nigeria

Deloitte Nigeria - Our client in the financial services sector is recruiting suitably qualified candidates to fill the position below:

Job Title: Chief Risk Officer

Location: Lagos
Employment Type: Full-time

Description

• Our client in the financial services sector, we are recruiting for the role of Chief Risk Officer.
• The successful candidate will oversee the Enterprise-wide Risk Management (ERM) strategy and framework that effectively translates the risk appetite framework into informed decision-making practices, supporting the organisation's business and strategic objectives as well as providing oversight on the internal control activities of the organisation.

Key Responsibilites

• Articulate the Enterprise-wide Risk Management (ERM) strategy and framework.
• Update risk management products including credit risk rating models, enhancement of current processes as applicable and update of internal policies and procedures.
• Perform stress testing of the organisation's credit, market and liquidity positions quarterly for the Group's management and the Board.
• Provide periodic reports to the group's stakeholders including the Board and the Board Risk Committee (BRC).
• Provide required reports to regulators and external stakeholders such as CBN, NDIC, NSE and SEC.
• Ensure timely submission of all regulatory returns and ensure seamless relationship with regulators.
• Prepare the Internal Capital Adequacy Assessment Process (ICAAP) document on an annual basis for the CBN in line with the CBN guidelines.
• Review transactions in the group to ensure that transactions are executed in line with the group's policies.
• CBN/NDIC joint risk assets assessment examination and respond to the supervisory reports with corrective action plans.
• Perform environmental scanning on information relating to the Group's assets, directors, etc. and communicate to stakeholders.
• Ensure that the Business Continuity and Disaster Recovery Plans are documented and tested.
• Ensure timely and up-to-date renewals of the risk management policies.
• Make presentations to the Board and Board Committees of the group and the subsidiaries on risks and risk mitigants.
• Supervise the implementation of Risk and Control Self-Assessment (RCSA) workshops. Ensure the sessions are held annually and monthly Risk Champion meetings are conducted.

Requirements

• A Bachelor's Degree or Master's Degree in Business, or related field. MBA or Advance Degree preferred.
• Minimum of 10 years experience in related areas within, of which 7 must have been in banking/financial services sector and 5 must have been at a senior management level.
• Experience in banking operations and specialization in credit operations and/or market risk.
• Exposure to regulatory interactions and in-depth knowledge of regulatory compliance requirements.
• Knowledge of risk management and financial standards (domestic and international).
• Excellent communication and presentation skills to convey complex ideas clearly and persuasively.
• Intellectual curiosity and analytical approach to work.
• Ability to influence a culture of risk awareness in the organisation.
• Other requirements are excellent negotiation skills, strategic thinking, stakeholder management, etc.

Application Closing Date
Not Specified.