Risk Manager at Vitafoam Nigeria Plc

Vitafoam Nigeria Plc is Nigeria's leading manufacturer of flexible, reconstituted and rigid foam products. It has the largest foam manufacturing and distribution network which facilitates just-in-time delivery of its products throughout Nigeria. Incorporated on 4th August, 1962 and listed on the floor of the Nigerian Stock Exchange in 1978. Vitafoam's successful brands remain household names in the country.

We are recruiting to fill the position below:

Job Title: Risk Manager

Location: Ikeja, Lagos
Employment Type: Full-time
Industry: Manufacturing (Foam & Bedding Products)

Job Summary

• The Risk Manager will be responsible for identifying, assessing, and mitigating potential risks that may impact the company's financial stability, operations, and reputation.
• This role involves developing risk management policies, conducting risk assessments, and ensuring compliance with regulatory requirements to safeguard the company’s assets and interests.

Key Responsibilities
Risk Identification & Assessment:

• Develop and implement a robust risk management framework.
• Conduct risk assessments across departments to identify potential threats to business continuity.
• Analyze financial, operational, legal, and strategic risks affecting the company.

Risk Mitigation & Control:

• Design and implement risk mitigation strategies to reduce business exposure.
• Work closely with internal stakeholders to ensure compliance with risk policies.
• Monitor and assess the effectiveness of risk controls and update strategies accordingly.

Regulatory Compliance & Governance:

• Ensure compliance with all regulatory requirements and industry standards.
• Liaise with regulatory agencies, auditors, and other external bodies regarding risk matters.
• Stay updated with industry trends and legislative changes that may impact the business.

Reporting & Documentation:

• Prepare risk reports for senior management and board members.
• Maintain comprehensive records of risk incidents, assessments, and mitigation actions.
• Provide recommendations for improving risk management policies and procedures.

Crisis Management & Business Continuity Planning:

• Develop and oversee business continuity and disaster recovery plans.
• Conduct risk awareness training for employees to foster a risk-conscious culture.
• Lead incident response efforts during crises to minimize business disruptions.

Qualifications & Experience

• Bachelor’s degree in Finance, Accounting, Risk Management, Economics, or a related field.
• Professional certification such as CRISC, CRM, FRM, CFA, or ACCA is an added advantage.
• Minimum of 5 years of experience in risk management, preferably in a manufacturing or FMCG environment.
• Excellent knowledge of risk assessment tools, regulatory compliance, and corporate governance.
• Ability to communicate effectively with senior management and external stakeholders.

Application Closing Date
Not Specified.