Head, Risk Management at Knowledgepool Consulting Limited

Knowledgepool Consulting Limited - Our client, an International Microfinance Bank, requires career driven, honest and intelligent candidate to join its team in the position below:

Job Position: Head, Risk Management
Job Location: Ibadan, Oyo

Key Responsibilities


  • Develop the Enterprise Risk Management Policy for the bank
  • Proactively Guide the integration of enterprise risk management with other organizational planning and management activities.
  • Identify training needs for risk management and oversee development of enterprise risk competence and awareness across the bank
  • Evaluate the adequacy of the company’s internal control framework in addressing risks and accomplishing the company’s goals and objectives;
  • Work with Board Audit, Risk and Compliance committee in ensuring the identification and prioritization of risks and reporting of the same
  • Monitor and report on compliance with regulatory requirements.
  • Proactively identify emerging risks and report to relevant stakeholders.
  • Develop risk management system and train departmental risk champions on implementation
  • Attend Board Audit and Risk Committee meetings; and any other duty assigned by Management for integrity of General ledger Credit Risk
  • Analyse, on a quarterly basis, quality of loan portfolio depending on:
    • Client Officer / Branch
    • Composition of LCM
    • Type of Business Activity
    • Zones or market area.
    • Change in RSM
    • Value of Collaterals, etc.
  • Perform regular analysis and monitoring of credit risk and exposure and likely impact on:
    • Quality of the loan portfolio
    • Business sector analysis
    • Market trends
  • Perform periodic market survey to identify sector base risks in our target market.
  • Follow-up and advise management regularly on the performance of exceptional loan files:
    • Restructured Loans.
    • Top-up Loans.
  • Regular follow-up of bad debt management by the Recovery Unit and make recommendation on:
    • Management of nonaccrual loans
    • Performance of written-off loans
    • Legal cases
    • Management of seized items.
    • Valuation / Auction exercises
  • Research and advice management on exceptional cases (potential high risk).
  • Operational Risk:
    • Identify and liaise with department and unit heads in identifying major risk areas and propose actions in the management of such
    • Monitor implementation of action plans to ensure risk mitigation efforts are proceeding as required.
    • “Test” the effectiveness of cascading risk management approach to business decision making
  • Fraud Analysis, Prevention & Whistle blowing:
    • Develop proactive, independent, balanced fraud risk awareness within the bank
    • Exercise direct ownership for Fraud Risk Management control across the Bank.
    • Ensure compliance on all fraud risk reporting requirements both internal and external.
    • Develop Standards for Fraud Risk Management.
    • Ensure that Fraud Risk achieves an optimal balance with regard to cost, efficiency, operations and
    • customer service.
    • Act as a major stakeholder in managing whistleblowing.
  • Reporting Tools:
    • Update all Risk reporting tools to the M.D on a monthly basis
    • Develop new reporting tools in line with business need.

Person Specification
Qualification/Education:

  • Minimum of a First Degree in Social Sciences, Humanities, and Arts and relevant professional qualification in e.g. ACCA, CIM, CIBN. Familiarity with operational, Financial and Risk and Compliance procedures is required. A Master's Degree in Management will be an advantage.

Work Experience:

  • Minimum of Seven years (7) relevant experience in microfinance of which four should be in a managerial capacity. Good understanding of the Risk function in a micro finance establishment is also required.

Skills:

  • Good interpersonal and communication skills. Good analytical and mentoring skills.

Personal Traits:

  • Meticulous, rigorous, open-minded, autonomous and self learner.

Interested and qualified candidates should send their CV's to: knowledgepoolconsuntinglimited@gmail.com and copy knowledgepoolconsultingltd@yahoo.com