Enterprise Risk Management Officer at Bosak Microfinance Bank Limited

Bosak Microfinance Bank Limited was incorporated in December 2009 with the business objective of providing financial service to micro clients who were excluded from the mainstream financial system. It commenced operations in June 2010 upon obtaining a Unit Microfinance Banking License from the Central Bank of Nigeria. It later obtained a State Microfinance Banking License in 2016.

Bosak Microfinance Bank Limited’s financial inclusion effort focuses on promoting savings culture, access to credit facilities for income-generation purposes and reducing vulnerability to risk through micro insurance.

The Bank’s major strategic focus employs the group lending methodology in its operations with a leaning towards women. It believes in the commitment of women folk to work hard and help their families conquer poverty. As such, more than 95% of the Bank’s lending activities focuses on women. The success of the bank’s group lending activities largely depends on group solidarity and cohesion.

We are recruiting to fill the position below:

Job Title: Enterprise Risk Management Officer

Location: Ogba Industrial Estate, Ikeja - Lagos
Employment Type: Full-time

Summary

• The Enterprise Risk Management Officer will be responsible for identifying, assessing, monitoring, and mitigating risks across various Units of the Bank.

Key Responsibilities

• Assess the Bank’s core risk areas and recommend appropriate mitigation measures.
• Manage and monitor risk exposures across various units, ensuring compliance with internal policies and regulatory expectations.
• Create, analyze, and disseminate risk reports and dashboards for internal control and senior management review.
• Follow up on compliance issues and audit observations, ensuring timely closure and control remediation.
• Review and escalate findings from customer complaints received via the Bank’s toll-free telephone line, and support investigations in collaboration with the Unit Head.
• Conduct daily transaction checks and exception reports, especially those related to field operations and loan disbursement.
• Perform transaction call-over, quality control checks, and loan officer activity reviews.
• Support the documentation and continuous improvement of the Bank’s Enterprise Risk Management (ERM) framework.
• Participate in periodic risk assessments, stress testing, and internal audits.
• Carry out other ad hoc risk-related assignments as directed by the Unit Head.

Qualifications & Requirements

• Bachelor’s degree in Finance, Risk Management, Accounting, Economics, or related field.
• 4 years of relevant experience in risk, compliance, or internal control, preferably within a microfinance or retail banking institution.
• Familiarity with risk frameworks such as Risk Management Graduation Model (RMGM), and a strong understanding of CBN/NDIC regulatory requirements.
• Proficiency in risk reporting, issue tracking, and operational control monitoring.
• Excellent communication and report-writing skills.
• Strong ethical judgment and attention to detail.
• Professional certification is an added advantage.

Why Work with BOSAK Microfinance Bank Limited?

• Salary: N180,000 - N235,000 monthly.
• Comprehensive HMO coverage
• Continuous training and professional development
• Competitive remuneration and welfare package
• Leave and passage allowance
• Clear career growth opportunities in a mission-driven institution
• Supportive work environment where performance and passion are rewarded.

Application Closing Date
31st January, 2026.

How to Apply
Interested and qualified candidates should send their CV to: recruitment@bosakmfb.com using the job title as the subject of the mail.