Financial Risk Lead at Kuda Bank

Kuda is a full service, app-based digital bank. Our mission is to be the go-to bank not just for those living on the African continent, but also for the African diaspora wherever they might live, anywhere in the world. Kuda is free of ridiculous banking charges and great at helping customers budget, spend smartly and save more. We raised the largest seed round ever seen in Africa, and completed a Series A funding round in February 2021, led by some of the world's smartest venture capital investors. With offices in London (our HQ), Lagos and Cape Town, and further offices opening across Africa during 2021, Kuda is fast becoming recognised as the leading 'Neobank' for Africans.

To help us grow into the company that can bring meaningful change to the way people across Africa get access to great financial products and services in order to take control of their personal finances, we are actively looking for bright, talented, driven people who are excited by our mission. If this sounds like a great way to spend your valuable time, then please get in touch with us.

We are recruiting to fill the position below:

Job Title: Financial Risk Lead

Location:  Lagos
Job Type: Full-time

Job Overview

• This role is responsible for managing and mitigating risks while ensuring alignment with the bank's risk appetite to support stable and positive returns.
• The position aims to protect the bank from significant losses that could result from poor business strategies, challenges in executing these strategies, or the failure to adjust strategies in response to changes in the business landscape.
• The role involves identifying, evaluating, and addressing risks to maintain the bank's financial stability and to ensure strategies are effectively implemented and adapted as needed.

Responsibilities

• Analyze and monitor the Bank’s Portfolio, Asset Quality, Liquidity and Capital Wellness 
• Evaluate the impact of all significant loans on Banks’s Capital, Profitability and Portfolio Concentration 
• Monitor compliance with all regulatory and internal limits 
• Risk reporting to MRC and BRMC to ensure they are aware of significant risks to the Bank, and to enable them perform their over-arching functions 
• Provide metrics and reports as requested from Rating Agencies, other External and Internal parties, and for Investor Relation ratios 
• Preparation of the portfolio plan for the Bank based on the budget proposal of the Bank. 
• Ensure prompt rendition of Capital Adequacy Ratio report to CBN 
• Computation of ECL in compliance with IFRS 9 standard 
• Prepare ECL movement schedule of the Bank at intervals for both internal and External (CBN, NDIC & Auditor) purposes  
• Preparation of monthly sectoral distribution and limit 
• Conduct stress testing and scenario analysis (internal and regulatory) for the Bank. 
• Manage the collateral register

Requirements

• First Degree in numerate disciplines preferably Accounting, Statistics, Economics and Mathematics. 
• Minimum of 8 years cognate experience preferably in audit or banking industry 
• Proven experience in risk management, portfolio analysis, and regulatory reporting within the financial services sector.
• Strong understanding of capital adequacy, liquidity, IFRS 9 standards, and regulatory compliance requirements.
• Proficiency in financial modeling, credit risk analysis, and stress testing methodologies.
• Excellent analytical and reporting skills with the ability to interpret complex data and provide actionable insights.
• Advanced knowledge of financial systems and tools (e.g., Excel, Power BI, or similar), with experience in preparing regulatory reports and investor relations metrics.

Benefits

• At Kuda, our people are the heart of our business, so we prioritize your welfare. 
• We offer a wide range of competitive benefits in areas including but not limited to:
  • A great and upbeat work environment populated by a multinational team
  • Pension
  • Career development & growth
  • Competitive annual leave plus bank holidays
  • Competitive paid time off (Parental, Moving day, Birthday, Study leave etc)
  • Group life insurance
  • Medical insurance
  • Well-fare package (Wedding, Compassionate and etc)
  • Perkbox
  • Goalr - employee wellness app.
  • Award winning L&D training
  • We are advocates of work-life balance, working in a hybrid in office schedule

Application Closing Date
Not Specified.