Risk Officer

Risk Officer

Job Location: Victoria Island, Lagos
Employment Type: Full-time

Job Description

• We are looking for an intelligent, diligent, detailed and result-oriented Risk Officer who has proven experience in risk management, risk assessment methodologies, risk control frameworks, and compliance management, preferably within the fintech or financial services industry.
• As a Risk Officer, you will be responsible for identifying, assessing, and mitigating risks associated with our products, services, and operations in the fast-paced fintech industry.
• You will play a crucial role in ensuring that our company operates within regulatory guidelines and maintains robust risk management practices to safeguard our business and customers.

Responsibilities

• Develop and implement risk management strategies, policies, and procedures tailored to the unique needs of a fintech environment.
• Identify, assess, and prioritize risks across the company’s operations, including financial, operational, compliance, and technology risks.
• Conduct risk assessments for new products, services, and partnerships to ensure alignment with company risk appetite and regulatory requirements.
• Design and implement risk mitigation strategies to minimize the impact of identified risks on the company’s operations and reputation.
• Monitor risk exposure continuously and evaluate the effectiveness of risk management controls and measures.
• Develop key risk indicators (KRIs) and metrics to monitor risk levels and ensure timely reporting to senior management.
• Ensure compliance with applicable laws, regulations, and industry standards, including those specific to the fintech sector.
• Stay informed about changes in regulatory requirements and best practices, advising the company on necessary adjustments.
• Liaise with regulatory bodies and external auditors, providing necessary documentation and responding to inquiries.
• Develop and maintain an incident management framework for identifying, reporting, and resolving risk events.
• Conduct root cause analyses of incidents and implement corrective actions to prevent recurrence.
• Prepare and present risk reports to the board, senior management, and other stakeholders, highlighting key risks and mitigation efforts.
• Work closely with cross-functional teams, including finance, operations, IT, and legal, to ensure comprehensive risk management.
• Develop and deliver risk management training programs to educate teams on risk awareness, policies, and procedures.
• Foster a culture of risk awareness and compliance throughout the organization.
• Provide risk-based insights and recommendations to support strategic planning and decision-making.
• Analyze market trends and emerging risks, advising on potential impacts and opportunities for the company.

Qualifications

• Bachelor’s degree in finance, Risk Management, Business Administration, or a related field. A master’s degree or professional certification (e.g., FRM, PRM, ICAN, or similar certifications) is a plus.
• Minimum of five years of cognate experience
• Proven experience in risk management, preferably within the fintech or financial services industry.
• Strong understanding of risk management principles, practices, and regulatory requirements, particularly those relevant to fintech.
• Experience with risk assessment methodologies, risk control frameworks, and compliance management.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong communication and interpersonal skills, with the ability to articulate risk concepts to various stakeholders.
• High attention to detail and organizational skills.

Skills:

• Experience with fintech-specific risks, including those related to digital payments.
• Familiarity with risk management tools and technologies.
• Self-Starter with the ability to work independently
• Ability to work under pressure, fast-paced, innovative environment while remaining flexible, proactive and efficient.

Application Closing Date: 15th November, 2024.

Method of Application
Interested and qualified candidates should send their CV to: careers@simplefin.ng using the Job Position as the subject of the email.