Head, Risk Management

Key Responsibilities

1. Enterprise Risk Management (ERM) Framework

• Develop and implement a comprehensive ERM framework aligned with regulatory expectations and international standards (e.g., ISO 31000)
• Establish risk appetite, tolerance levels, and risk policies
• Embed a strong risk culture across the organization

2. Investment Risk Oversight

• Monitor risks associated with client portfolios, including:
  • Market risk (interest rate, equity, FX volatility)
  • Credit risk (issuer default, counterparty exposure)
  • Liquidity risk (especially in fixed income and alternative assets)
• Work closely with portfolio managers to ensure risk-adjusted returns
• Conduct stress testing and scenario analysis relevant to Nigeria’s economic conditions

3. Operational Risk Management

• Identify and mitigate operational risks across processes, systems, and people
• Monitor key risk indicators (KRIs) and loss events
• Ensure robust internal controls across investment, trading, and client operations

4. Regulatory Compliance & Reporting

• Ensure compliance with risk-related guidelines from:
  • Securities and Exchange Commission Nigeria
  • Central Bank of Nigeria
• Prepare and submit risk reports to regulators and senior management
• Support regulatory examinations and audits

5. Credit & Counterparty Risk Management

• Evaluate creditworthiness of issuers (e.g., corporate bonds, commercial papers)
• Set and monitor counterparty exposure limits
• Conduct due diligence on investment opportunities

6. Liquidity & Market Risk Management

• Monitor liquidity positions across portfolios
• Develop strategies to manage redemption pressures
• Assess macroeconomic risks including inflation, exchange rate volatility, and interest rate changes

7. Risk Analytics & Reporting

• Develop dashboards and reporting tools for real-time risk monitoring
• Provide insights to management and the Board Risk Committee
• Track and report on risk exposures, breaches, and mitigation actions

8. Business Continuity & Crisis Management

• Support development of Business Continuity Plans (BCP) and Disaster Recovery (DR) frameworks
• Lead risk response during financial or operational crises

9. Governance & Stakeholder Engagement

• Advise senior management and the Board on risk issues
• Collaborate with Internal Audit, Compliance, and Investment teams
• Ensure independence of the risk management function

10. Team Leadership

• Lead and develop the risk management team
• Build capacity in quantitative and qualitative risk analysis
• Promote a proactive risk-aware culture

Key Performance Indicators (KPIs)

• Number and severity of risk breaches
• Portfolio risk-adjusted performance (e.g., Sharpe ratio)
• Compliance with regulatory requirements
• Timeliness and accuracy of risk reports
• Effectiveness of risk mitigation strategies
• Audit and regulatory review outcomes

Qualifications

Educational Qualifications

• Bachelor’s degree in Finance, Economics, Mathematics, Statistics, or related field
• Master’s degree (MBA, Finance, Risk Management) – preferred

Professional Certifications (Highly Desirable)

• Financial Risk Manager (FRM)
• Professional Risk Manager (PRM)
• Chartered Financial Analyst (CFA)
• ACCA / ICAN (for strong financial control background)

Additional Information

Experience

• 10–15+ years of experience in:
  • Risk management
  • Asset management
  • Investment banking or financial services
• At least 5 years in a senior or leadership role
• Strong experience in Nigerian financial markets and regulatory environment

Technical Competencies

• Deep understanding of:
  • Fixed income securities (FGN bonds, treasury bills)
  • Equities market (via NGX)
  • Alternative investments
• Strong knowledge of:
  • Risk modeling and analytics (VaR, stress testing)
  • Portfolio risk management tools
  • Regulatory requirements of Securities and Exchange Commission Nigeria
• Understanding of:
  • Nigeria Data Protection Act (data risk implications)

Core Skills

• Strong analytical and quantitative skills
• Strategic thinking and risk-based decision-making
• Excellent communication and reporting skills
• Stakeholder management and influence
• High attention to detail

Personal Attributes

• High integrity and independence
• Strong judgment and objectivity
• Proactive and solution-oriented mindset
• Ability to operate under pressure