Job Title: Chief Risk Officer
Location: Lagos
Job Description
H. Pierson’s
client is among the most prominent and well recognized financial
services brands in Nigeria. It has continually distinguished itself for
the quality of its asset management and financial advisory services.
Through entrepreneurship and focus on innovation, it has created
significant shareholder value through different proprietary transactions
and investments.
In their bid to maintain a niche in the highly sophisticated and
emerging opportunities in the Nigerian market, they require
strengthening their risk department by recruiting for the under listed
position
Responsibilities
Define, implement and monitor the Firm’s overall integrated risk
management framework and internal controls as well as set guidelines for
the development of supporting policies and procedures.
Ensure the adequacy of existing internal controls and risk
management frameworks through continuous identification, measurement and
reporting of risk positions.
Participate in process improvement/redesign and system
upgrade/implementation efforts to ensure relevant control requirements
are considered and built into new systems and processes.
Serve as key information node for disseminating new and revised
operating policies and procedures as well as improvements/changes in
control/monitoring tools, techniques and approaches.
Create culture of intelligent risk-taking; heighten awareness and
use of advanced risk management methodologies and practices through
educational programs, training process, and personal mentoring with
senior executives, business unit management and staff.
Provide broad guidelines for the development and implementation of risk based pricing systems for the Firm’s loan products.
Monitor Firm’s asset and liability reports to ensure compliance
with set standards. Participate in the development of the Firm’s
corporate strategy and overall business plan.
Demonstrate ownership of and communicate the unit’s strategic
direction and objectives ensuring common understanding by subordinates.
Review statutory reports to external bodies to ensure completeness,
accuracy and compliance with regulations. Ensure prompt reporting of
risk exposures/positions and provide advice on possible resolution of
critical issues.
Monitor the Firm’s compliance with regulatory and statutory provisions regarding risk management.
Facilitate the collection of credit receivables by ensuring prompt
provision of behavioral collection decision tools and as well as cost
and risk analyses of increased collection resources to business units.
Keep abreast of trends and advances in global risk management and
ensure the knowledge and relevant information is passed to business
managers within and outside the Risk Management Division.
Review audit reports and work papers ensuring professional
standards are not compromised and that conclusions and recommendations
are adequately supported.
Ensure the timely resolution of investigated items, audit/review points and other key exceptional issues/matters.
Work with the external auditors and regulatory examiners in the
review and examination of the organization’s financial activities and
other areas of the business
Provide risk and profitability reports as input to the new product development process.
Foster and maintain business relationships with relevant regulatory
bodies and other institutions to ensure the business is abreast of
regulatory changes that may impact its operations.
Communicate in a timely manner relevant Board Committees and other
stakeholders. Continually review the effectiveness and efficiency of the
unit’s policies, procedures and processes; identify and recommend
improvement opportunities to Management.
Monitor actual activity and performance levels against the agreed
budget/work programmes and take appropriate corrective action to ensure a
cost-justified execution of the departmental activities.
Prepare and submit periodic management reports on the activities of the unit for board and management decision making.
Serve on committees or cross-functional teams and perform other duties as assigned by the CEO and the Board.
Monitor Insurance ratings – insurer financial strength and security ratings; capital models and other tools of analysis.
Application of Re-insurance utilization policies, credit and recovery risk analysis.
Working knowledge of the current state and outlook for the
different sectors of the insurance industry – Property & Casualty,
Life and re-insurance.
Review of key accounting issues such as Premiums, claims and
reserves and investment valuations Monitoring and Regulation of
insurance markets – availability, premium terms and rates etc.
Qualification/Experience
First degree in business, accounting or other finance related discipline.
A professional accounting qualification (e.g. ACCA, CPA). CISA certification.
Eight (8) years cognate experience, with at least five (5) years in a related senior management capacity.
Good knowledge of the local and global financial service industry
dynamics including regulations, legislations and operating environment.
Ability to think strategically and holistically and to appreciate the systemic impact of various policies, issues and solutions.
Broad understanding of risk and return, indicators and risk management techniques as well as trading and pricing derivatives.
Experience in building professional business relationships and
dealing at a senior level appropriate for a leader of a critical
function.
Strong knowledge of derivatives products. In-depth appreciation of project evaluation and project management techniques.
Strong financial accounting and budgeting skills.
Broad knowledge of Enterprise Risk Management (ERP) concepts. Broad
knowledge and experience in operational risk, market/investment risk,
ALM/Liquidity risk, etc.
Broad knowledge of financial, systems and process audit.
Demonstrated ability to improve operations, decrease turnaround times
and streamline work processes.
Demonstrated superior understanding of non-bank financial service operations, policies and procedures.
Broad knowledge of the Insurance Industry- covering Regulators and Competitors
Broad knowledge of risks in insurance will be an added advantage
Mature individual with strong problem solving and analytical
abilities High integrity level and excellent decision making ability.
Exceptional attention to detail.
Good leadership, coaching and supervisory skills.
Excellent communication, interpersonal, presentation and facilitation skills.
Self-motivated with a strong drive, and commitment to achieving agreed objectives.
No comments:
Post a Comment
We welcome your comments.