At RS Hunter we believe our clients have the resources, what we do is to galvanize, advice and, partner with our clients to understand the peculiarities of their businesses and then find the best solutions and best HR strategies that work.
Our starting objective is to focus on small business and while providing support to larger organizations in the areas of recruitment and executive selection.
We are recruiting to fill the below position:
Job Title: Risk Manager
Location: Lagos
Job Description
- Our Risk and Compliance Department is responsible for the end-to-end management and oversight of all categories of risk and governance in our organization.
- The risk function within the entity is not only an oversight function but is expected to get involved in the day to day functional reporting and management processes insofar as there are no conflicts of interest.
- This creates the opportunity for broad based integration into the business.
Responsibilities
- Risk management across all risk types, not including credit approval
- Assisting in setting risk appetite for the bank within the risk appetite framework
- Driving the identification of, and reporting on, key risk indicators for the business
- Identifying risks in the ALCO, market and operational risk functions, and reporting on these where they exceed risk appetite
- Receiving and analysing daily credit (as required), market risk and performance reports for positions and reconciling these to the financial reporting positions
- Where there are discrepancies in perceived vs. reported risk, or in reconciliation of profit to market moves, driving the resolution of discrepancies until there is consistency across trading, risk and financial platforms
- Monitoring remediation of any excesses reported per the above functions
- Monthly / Quarterly reporting to relevant risk committees both in Nigeria and South Africa as required
- Assist in driving Nigerian Basel 2 implementation within the bank
- Nigerian and South African regulatory reporting as is required by a risk function upkeep of our organization in Nigeria risk frameworks and policies
Performance measurement:
- Track the performance of our various of trading and investment portfolios against benchmark to assist in the overall performance measurement analysis of the entity
- Provide analysis around income volatility for the various business units
Product control:
- Ensure that all instruments are, or are able to be, correctly booked into the systems and that systems can accurately reflect their valuations, accruals and cash flow events
- Ensure that all deal conclusion forums (“DCF”) for both commoditized and bespoke products are held in accordance with governance frameworks
- Ensure completeness of issues contemplated in each DCF, and follow up on outstanding items within the time frame set by the DCF chairman
- Assist with any other responsibilities that may be required. The opportunity exists for the successful candidate to migrate into a very senior risk role within the organization should performance be in line with expectation.
Qualifications and Experience
- The successful candidate should have at least a postgraduate technically orientated qualification such as an accounting degree, a B.Sc in Mathematical/Statistical/Actuarial Sciences, or B.Eng, or MBA with risk specialisation, all with a quantitative bias
- At least three years’ working experience within a risk, product control or accounting function in a bank, preferably in a treasury environment, or as a consultant with 5 years of hands-on merchant banking / treasury experience
- A CFA, PRMIA or GARP qualification will be a very distinct advantage.
Technical skills
- A sound understanding of forex and fixed income markets
- An understanding of financial products pricing and yield curve modelling
- An understanding of regulatory risk reporting requirements
- An understanding of treasury operating processes
- Knowledge of Basel 2 (and 3)
General:
- Substantial diligence in implementing complex processes as required, and following them on a daily basis
- A strong sense of materiality
- Good judgement and decision making skills
- Strong interpersonal skills, and
- Listening, analysis and debating skills
Additional Competencies (will serve as strong recommendation):
- Post-graduate studies / qualifications in banking, finance / financial markets
- Ability to assess financial risk
Human Relations Profile:
- Strong character & integrity paramount
- High degree of self-confidence; pleasant personality; well presented
- Well organized / good time management skills / disciplined/ detail orientated
- Self-starter able to work with minimal supervision
- Team oriented
- Flexible when necessary
- Ability to work under pressure
Application Closing Date
26th March, 2015.
Method of Application
Interested and qualified candidates should send their applications to:
[email protected]