| JOB NAME |
Chief Risk Officer (Lagos)
POSTED BY: Precisehire Associates
REF:PHA 2049
Date Published:Monday, January 13, 2025
Date of Expiration:Saturday, July 12, 2025
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| LOCATION OF THIS JOB |
 Nigeria | LAGOS in Nigeria |
| INDUSTRY |
| Financial Services
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| JOB TYPE |
| Full-Time |
| MAIN JOB DESCRIPTION |
DEPARTMENT/UNIT: Enterprise Risk Management
JOB GRADE:
REPORTS TO: MD & The Board
JOB TYPE: Permanent
SUPERVISES: Enterprise Risk Mgt Team
DETAILED JOB PROFILE
Job Purpose
1. The Chief Risk Officer (CRO) is responsible for identifying, assessing, and mitigating risks that could impact client's financial performance, reputation, and operational efficiency.
2. The CRO will develop and implement a comprehensive risk management framework to ensure the bank's compliance with regulatory requirements and protect its assets.
KEY DUTIES & RESPONSIBILITIES
1. Develop and implement a comprehensive risk management framework, including policies, procedures, and guidelines.
2. Identify, assess, and prioritize risks across the bank's operations.
3. Develop and implement risk mitigation strategies to address identified risks.
4. Monitor and report on risk exposures and trends to senior management.
5. Ensure compliance with regulatory requirements and industry best practices.
6. Develop and maintain strong relationships with internal and external stakeholders.
7. Oversee the implementation of risk management systems and tools.
8. Foster a risk-aware culture within the organization.
KEY RESULT AREAS & KEY PERFORMANCE INDICATORS (KPIs)
Key Result Areas
1. Effective risk management framework
2. Risk identification and assessment
3. Risk mitigation and control
4. Regulatory compliance
5. Risk culture
6. Impact on financial performance
Key Performance Indicator
1. Compliance with regulatory requirements
2. Number of risks identified and assessed
3. Risk exposure reduction
4. Number of regulatory violations
5. Employee satisfaction with risk management
6. Return on Assets (ROA)
Target
1. 100%
2. 100%
3. 20%
4. 0
5. 80%
6. 5%
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| REQUIREMENTS FOR THIS JOB |
MINIMUM JOB REQUIREMENTS
1. Advanced degree in finance, economics, or a related field.
2. Minimum of 10 years of experience in risk management, preferably in the financial services industry.
3. Strong understanding of risk management frameworks and methodologies.
4. Excellent analytical and problem-solving skills.
5. Strong communication and interpersonal skills.
6. Proven ability to lead and motivate teams.
Key Competency Requirements
1. Risk identification and assessment
2. Risk mitigation and control
3. Regulatory compliance
4. Financial analysis
5. Problem-solving
6. Leadership
7. Communication
8. Interpersonal skills
9. Strategic thinking
Relationships
1. Reports to: Chief Executive Officer (CEO)
2. Works closely with: Chief Financial Officer (CFO), Chief Operating Officer (COO), Head of Compliance, and other senior executives.
3. Interacts with: Internal and external stakeholders, including regulators, auditors, and rating agencies.
Other Requirements
1. Willingness to travel as needed.
2. Ability to work under pressure and meet deadlines.
3. Strong ethical character and integrity.
APPLICATIONS
• Applicants are invited to send a letter of motivation illustrating their suitability in relation to the qualifications listed and their detailed curriculum vitae, as well as the names and addresses of their referees, to any of the following email addresses:
(i) Mrs. Yemisi Adebayo:
yemisi.adebayo@precisehireassociates.com
(ii) Mrs. Blessing Ucha:
blessing.ucha@precisehireassociates.com
• Applicants must indicate the position for which they have applied in the subject line of their email.
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