Risk Manager at Winock Limited

Winock is a holdings company incorporated in Nigeria to provide an ecosystem of sustainable services to micro businesses through duly registered and licensed subsidiary companies. We are inspired to provide services to micro businesses because they contribute significantly to economic sustainability and social wealth creation.

We are recruiting to fill the position below:

Job Title: Risk Manager

Location: Abuja (FCT)
Employment Type: Full-time

Job Description

• The Risk Manager is responsible for identifying, assessing, and mitigating risks within Winock Lending.
• This role involves developing and implementing risk management policies, conducting risk assessments, and ensuring compliance with regulatory requirements.
• The Risk Manager will work closely with senior management to safeguard the institution's assets and ensure its long-term stability and profitability.

Responsibilities
Risk Identification and Assessment:

• Identify potential risks (financial, operational, credit, market, legal, and compliance) that could impact the institution.
• Conduct regular risk assessments and analyze the institution’s risk exposure.
• Develop and maintain a risk register to document identified risks and their mitigation measures.

Risk Mitigation and Management:

• Develop and implement risk management strategies, policies, and procedures.
• Monitor and manage the institution’s risk profile, ensuring it remains within approved risk appetite and tolerance levels.
• Recommend risk mitigation measures and control enhancements to senior management.

Compliance and Regulatory Adherence:

• Ensure compliance with relevant laws, regulations, and industry standards.
• Stay updated on changes in regulatory requirements and ensure the institution’s policies and procedures are compliant.
• Coordinate with regulatory bodies and participate in regulatory audits and inspections.

Credit Risk Management:

• Oversee the credit risk management process, including credit risk assessment, loan approval, and portfolio monitoring.
• Implement credit risk models and scoring systems to evaluate and mitigate credit risk.
• Monitor the performance of the loan portfolio and recommend corrective actions as needed.

Operational Risk Management:

• Identify and assess operational risks within the institution’s processes and systems.
• Develop and implement controls to mitigate operational risks and improve process efficiency.
• Conduct regular operational risk assessments and audits.

Reporting and Documentation:

• Prepare and present risk management reports to senior management and the board of directors.
• Maintain comprehensive documentation of risk management activities, policies, and procedures.
• Ensure accurate and timely reporting of risk-related information.

Training and Awareness:

• Provide training and support to staff on risk management policies and procedures.
• Foster a risk-aware culture within the institution by promoting risk management best practices.
• Conduct risk awareness programs and workshops for employees.

Crisis Management and Business Continuity:

• Develop and maintain the institution’s crisis management and business continuity plans.
• Coordinate crisis response activities and ensure effective communication during crises.
• Conduct regular tests and drills to ensure readiness for potential disruptions.

Qualifications
Education:

• Bachelor’s Degree in Finance, Accounting, Business Administration, or a related field.
• Professional certifications such as Certified Risk Manager (CRM), Financial Risk Manager (FRM), or similar are preferred.

Experience:

• Minimum of [5] years of experience in risk management, preferably in the financial services or microfinance sector.
• Experience in credit risk assessment, operational risk management, and regulatory compliance.

Skills and Competencies:

• Strong analytical and problem-solving skills.
• Excellent understanding of risk management principles and practices.
• Knowledge of regulatory requirements and industry standards.
• Strong communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Proficiency in risk management software and Microsoft Office Suite.

Application Closing Date
Not Specified.