Enterprise Risk Management Officer at International Energy Insurance Plc

International Energy Insurance (IEI) Plc commenced business as Nigeria’s first Energy-focused Insurance Company, experts in first class underwriting solutions for offshore and onshore risks, as well as general insurance business. The Company’s security is backed by a consortium of local and foreign re-insurers led by African Reinsurance Corporation. We are licensed and regulated by the National Insurance Commission (NAICOM).

We are recruiting to fill the position below:

Job Title: Enterprise Risk Management Officer

Location: Lagos 
Employment Type: Full-time

Duties & Responsibilities

• Identify and assess enterprise-wide risks, including financial, operational, regulatory, strategic, and reputational risks.
• Prepare the company’s monthly enterprise risk report which includes the financial condition report and counter party.
• Collate, analyse, interpret and report the company’s key risk indicators, identifying the breaches and providing recommendations and mitigations to deviations in the KRIs.
• Conduct risk assessments and scenario analysis to evaluate the potential impact on the company’s operations.
• Maintain and update the company’s risk register, ensuring all risks are properly documented and monitored.
• Develop and implement risk mitigation strategies to address identified risks.
• Identify, analyze, and evaluate risks across various business units, including operational, financial, strategic, and compliance risks.
• Conduct regular risk assessments and maintain a risk register to track identified risks and mitigation strategies.
• Monitor and report on emerging risks, ensuring proactive risk management measures are in place.
• Ensure compliance with industry regulations, including NAICOM and other relevant regulatory bodies.
• Work closely with internal departments to embed risk awareness and improve risk culture within the organization.
• Conduct stress testing, scenario analysis, and risk modelling to assess potential business impacts.
• Assist in business continuity planning and crisis management strategies.
• Prepare risk reports and dashboards for senior management and key stakeholders, highlighting key risks and mitigation efforts.
• Support the development and execution of internal audit and control processes to minimize risk exposure.
• Assist in the development and continuous improvement of the IEI’s Enterprise Risk Management (ERM) framework.
• Promote risk awareness and best practices across the organization through training and workshops.
• Support the integration of risk management into strategic planning and decision-making processes.
• Monitor risk events and incidents, ensuring timely escalation and resolution.
• Support the development and testing of business continuity and disaster recovery plans.

Qualificational qualification & Training

• Bachelor’s Degree in Risk Management, Finance, Business Administration, Insurance, or a related field.
• Professional certifications such as CRM (Certified Risk Manager), CIRM (Chartered Institute of Risk Management), FRM (Financial Risk Manager), or related risk management certifications are an advantage.
• 5 years of experience in risk management within the insurance industry.

Skills & Abilities:

• Minimum of 5 years of experience in enterprise risk management, compliance, or a similar role, preferably in the insurance or financial services industry.
• Strong understanding of risk assessment methodologies, frameworks, and regulatory requirements.
• Experience in risk modelling, stress testing, and business continuity planning.
• Familiarity with regulatory bodies and compliance standards in the insurance sector.
• Strong analytical and problem-solving skills.
• Excellent communication and report-writing abilities.
• Detail-oriented with a proactive approach to risk management.
• Ability to work independently and collaborate with cross-functional teams.
• Proficiency in risk management software and data analysis tools.

Application Closing Date
17th March, 2026.