Risk Manager at PalmPay Limited

PalmPay is an Africa-focused fintech firm, launched in 2019. PalmPay is a mobile payments platform that offers a number of financial services.

We are recruiting to fill the position below:

Job Title: Risk Manager

Location: Opebi, Ikeja, Lagos
Employment Type: Full Time

Key Duties and Responsibilities

• Conduct assessments to define and analyze possible risks
• Evaluate the gravity of each risk by considering its consequences
• Audit processes and procedures
• Develop risk management controls and systems
• Design processes to eliminate or mitigate potential risks
• Create contingency plans to manage crises
• Evaluate existing policies and procedures to find weaknesses
• Prepare reports and present recommendations
• Help implement solutions and plans
• Evaluate employees’ risk awareness and train them when necessary
• Identify and assess risks inherent in the company’s products, services, processes, and systems (e.g., cyber risks, financial fraud, regulatory compliance, and credit risks).
• Collaborate with various departments to ensure that effective risk mitigation measures are in place across all areas of the business.
• Ensure that adequate safeguards, firewalls, and data protection measures are in place to protect both customer and company data.
• Regularly review regulatory changes and advise senior management on the potential impact on the company’s risk profile.
• Develop, implement, and maintain an Enterprise Risk Management (ERM) framework that aligns with industry best practices and company objectives.
• Ensure that risk-related policies and procedures are clearly documented and accessible to relevant stakeholders.
• Prepare and present comprehensive risk reports to the executive team, board of directors, and regulatory authorities as required.
• Develop and maintain business continuity and disaster recovery plans to ensure operational resilience in the event of a disruption or crisis
• Collaborate with the compliance, legal, finance, IT, and operations teams to ensure that risk management efforts are integrated throughout the organization.

Education and Work Experience

• A bachelor’s degree in Finance, Business, Risk Management, or a related field. A master's degree or professional certifications (e.g., FRM, PRM, or CRM) is preferred.
• Must have completed NYSC
• 5-6 years of experience in KYC/AML process, compliance, operations, risk & control functions
• Strong knowledge of fintech regulations and their impact on the business.
• Experience in cybersecurity risk management, financial risk modeling, and compliance regulations.
• Previous experience working with senior leadership to develop risk management strategies.

Key Requirement / Skills:

• Strong analytical and problem-solving skills with the ability to assess and mitigate complex risks.
• Excellent communication and interpersonal skills to collaborate with cross-functional teams.
• Familiarity with risk management tools and software, as well as financial and business modeling.
• Knowledge of enterprise risk management (ERM) frameworks and best practices.
• Ability to stay updated with the latest trends, regulations, and technology developments in the fintech space.

Application Closing Date
Not Specified.