Source Microfinance Bank is a digital bank with a focus on how to serve you better always! At Source Credit, we have our plans to serve you better right at the center of all we do, and our service offerings. We also ensure we give the best customer service experience that is tailored just for you. Source Microfinance Bank is poised to change the face of banking in Nigeria. We are reinventing banking to empower a generation.
We are recruiting to fill the position below: Job Title: Risk Manager
Location: Lagos
Job Responsibilities Enterprise Risk Management:
Develop and maintain the Bank's Enterprise Risk Management (ERM) Framework.
Identify, assess, monitor, and report emerging and existing risks across the Bank.
Coordinate periodic risk assessments and risk reviews.
Maintain the Bank's Risk Register and ensure timely mitigation of identified risks.
Promote a strong risk culture across the organization.
Credit Risk Management:
Monitor the quality and performance of the Bank's loan portfolio.
Review portfolio risk indicators including PAR, delinquency trends, write-offs, and concentration risks.
Conduct independent reviews of credit proposals and risk exposures.
Recommend risk mitigation strategies to minimize credit losses.
Monitor adherence to approved credit policies and risk appetite limits.
Operational Risk Management:
Identify operational risk exposures arising from processes, systems, people, and external events.
Monitor operational loss incidents and recommend corrective actions.
Conduct Risk and Control Self-Assessments (RCSA) across departments.
Ensure implementation of effective internal controls.
Risk Monitoring and Reporting:
Prepare periodic risk reports for Management, Executive Management, Board Committees, and regulators.
Track Key Risk Indicators (KRIs) and escalate breaches promptly.
Monitor compliance with risk limits and approved risk appetite thresholds.
Provide recommendations on risk exposures and mitigation measures.
Regulatory Compliance and Governance:
Ensure compliance with applicable CBN regulations, prudential guidelines, and industry standards.
Support regulatory examinations and audits.
Monitor implementation of regulatory recommendations relating to risk management.
Assist in the review and update of risk management policies and procedures.
Business Continuity Management System (BCMS) and Information Security:
Coordinate the Bank's Business Continuity Management (BCM) activities.
Participate in disaster recovery planning and testing.
Support information security risk assessments and controls implementation.
Training and Risk Awareness:
Conduct risk awareness and risk culture training across the Bank (Staff and Board).
Provide guidance to departments on risk identification and mitigation.
Promote risk ownership at all levels of the organization.
Requirements
5-8 year experience in Risk Management, Credit Risk, Internal Control, Audit, Compliance or related function
Experience performing above roles in a digital banking environment is important to being successful on this role, show clear understanding of digital loan products: sales, collection and delinquent management
Relevant Professional certification is an added advantage, CIBN (MCP) certification is important. Where not available, there must be commitment to certification within the first year of employment
Experience working in a financial institution and understanding of CBN stipulated ratio, standards, reporting and other relevant guideline is a must have
Previous and proven usage of Microsoft office, accounting and core banking solutions is essential for the role holder
Experience working with start-up is an advantage but not compulsory
Excellent verbal and written communication and presentation skills is required
Strong knowledge of credit risk assessment, financial and lending principles.