Head, Risk Management at a Licensed Fintech-driven Microfinance Bank - Veridion Advisory Partners

Veridion Advisory Partners - Our client is a licensed fintech-driven microfinance bank positioned to redefine digital financial inclusion through technology-enabled lending, payments, and savings solutions. As a startup institution entering a critical growth phase, the organization is building a scalable digital banking model designed to serve individuals, SMEs, and underserved markets through secure, data-driven financial services aligned with CBN regulatory standards.

They are recruiting to fill the position below:

Job Title: Head, Risk Management

Location: Lagos
Employment Type: Full-time

Job Description

• The Head, Risk Management will be responsible for establishing and managing the Bank’s enterprise-wide risk management framework, covering credit risk, delinquency management, operational risk, liquidity risk, and market risk, in line with regulatory requirements and business objectives.
• The role involves developing risk policies, frameworks, and governance structures, while providing strategic oversight to ensure effective identification, measurement, monitoring, and mitigation of risks across the Bank’s operations.
• The successful candidate will provide leadership in embedding a strong risk culture and ensuring the Bank operates within approved risk appetite in a startup digital microfinance banking environment.

Responsibilities

• Develop and implement the Bank’s Enterprise Risk Management (ERM) framework.
• Establish and manage credit risk frameworks, including underwriting standards and portfolio monitoring.
• Design and implement delinquency management and recovery strategies.
• Monitor loan portfolio performance, including PAR, NPL ratios, and recovery rates.
• Develop and oversee operational risk management frameworks, including risk and control assessments.
• Identify and mitigate risks arising from processes, systems, and people.
• Establish frameworks for liquidity risk and market risk management.
• Monitor exposure to interest rate, funding, and liquidity risks.
• Define and maintain the Bank’s risk appetite framework and risk register.
• Ensure compliance with CBN risk management guidelines and regulatory requirements.
• Develop risk reporting dashboards and provide regular risk reports to Management and the Board.
• Collaborate with Credit, Finance, Operations, and Technology teams to embed risk controls.
• Support the setup of risk policies, procedures, and governance structures from inception.

Requirements
Education:

• Bachelor’s Degree in Finance, Economics, Accounting, Mathematics, or related discipline.
• Professional certifications such as FRM, PRM, CFA, ACA, ACCA, or related qualifications are an added advantage.

Experience:

• Minimum of 12 years experience in Risk Management within banking or financial services.
• At least 7 years in a senior risk leadership role.
• Strong experience in credit risk, loan portfolio management, and collections / recoveries.
• Experience in microfinance banking or fintech environment is highly desirable.
• Demonstrated ability to develop risk frameworks, policies, and systems independently.

Skills:

• Strong knowledge of enterprise risk management frameworks.
• Expertise in credit risk and loan portfolio management.
• Knowledge of delinquency management and recovery processes.
• Understanding of operational risk, liquidity risk, and market risk.
• Strong analytical and quantitative skills.
• Ability to interpret financial and risk data.
• Knowledge of CBN regulations and microfinance banking operations.
• Strong decision-making and problem-solving ability.
• Excellent communication and stakeholder management skills.

Other Requirements:

• High level of integrity and professional judgment.
• Strong sense of ownership and accountability.
• Ability to operate effectively in a startup environment with evolving structures.
• Capacity to design and implement risk frameworks from ground zero.
• Strong leadership and team-building capability.

Remuneration

• Salary: N800,000 - N1,200,000 monthly.
• Performance-based incentives linked to performance.

Application Closing Date
11th May, 2026.