Enterprise Risk Management Officer at Bosak Microfinance Bank

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.

The success recorded by the bank in its lending program has earned it strategic partnership with the Bank of Industry (BOI) and the Development Bank of Nigeria (DBN) among others. The combination of cutting-edge technology, a strong and committed Board of Directors and motivated employees has helped the Bank to create a brand widely accepted by its teeming clients in Lagos. It is now expanding its frontiers in a scaling program aimed at delivering improved value to its stakeholders.

We are recruiting to fill the position below:

Job Title: Enterprise Risk Management Officer

Location: Ikeja, Lagos
Employment Type: Full-time

Responsibilities

• Assess key risks facing the bank and identify appropriate mitigation measures using the Risk Management Graduation Model (RMGM).
• Develop, analyze, and disseminate risk measurements, reports, and dashboards to support management decision-making.
• Manage enterprise-wide risks across all units of the bank and follow up to ensure timely compliance with risk observations and recommendations.
• Handle customer complaints received via the Toll-Free Telephone Line, investigate reported issues, and escalate findings to the Unit Head for management action.
• Review and verify Loan Officers’ daily transactions to ensure accuracy and compliance with internal policies.
• Perform quality control checks on transactions and operational processes.
• Conduct call-over of transactions to confirm correctness and completeness.
• Carry out any other ad hoc duties as may be assigned by management.

Application Closing Date
Not Specified.