About The Role
The Enterprise Risk Management (ERM) Officer is responsible for designing, implementing, and overseeing Moniepoint Microfinance Bank Ltd's Enterprise Risk Management framework to ensure effective identification, assessment, monitoring, and mitigation of risks across the Bank. The role provides strategic risk oversight, supports informed decision-making, and ensures alignment with the Bank's risk appetite, regulatory requirements, and long-term business objectives.
Key Responsibilities
Enterprise Risk Strategy & Governance
Develop and maintain the Bank's Enterprise Risk Management (ERM) Framework in line with CBN guidelines, international best practices, and the Bank's strategic objectives.
Define and operationalize the Bank's Risk Appetite Statement (RAS) and ensure its integration into business planning and decision-making.
Provide independent risk oversight and challenge to business units and senior management.
Serve as a key advisor to Executive Management and the Board on enterprise-wide risk exposures and emerging risks.
Support the Board Finance, Audit and Risk Committee (FARCo) with comprehensive enterprise risk reports.
Risk Identification, Assessment & Aggregation
Oversee periodic Risk and Control Self-Assessments (RCSA) across all business units.
Identify, assess, and aggregate risks across key risk categories including:
Strategic risk
Operational risk
Credit risk
Market and liquidity risk
Compliance and regulatory risk
Technology, cyber, and fintech integration risks
Maintain and continuously update the Bank's enterprise risk register.
Ensure consistent risk taxonomy, scoring methodology, and documentation across the organization.
Risk Monitoring, KRIs & Reporting
Develop and monitor Key Risk Indicators (KRIs) aligned with the Bank's risk appetite.
Track risk incidents, losses, near misses, and emerging risk trends.
Ensure timely escalation of risk appetite breaches and high-risk issues.
Prepare and present enterprise risk reports to:
Chief Risk Officer
Executive Management
Board Finance, Audit and Risk Committee (FARCo)
Stress Testing, Scenario Analysis & Capital Adequacy
Lead enterprise-wide stress testing and scenario analysis exercises.
Assess the impact of adverse scenarios on capital, liquidity, earnings, and operational resilience.
Support Internal Capital Adequacy Assessment Process (ICAAP) and liquidity risk assessments (where applicable).
Provide risk inputs into strategic planning, budgeting, and new product approvals.
Risk Policies, Frameworks & Integration
Contribute to the development, review, and maintenance of enterprise risk policies, frameworks, and procedures.
Ensure risk management is embedded into:
New product development
Business expansion initiatives
Technology deployments and system integrations
Agent banking and digital channels
Coordinate with Credit Risk, Operational Risk, Internal Control, Compliance, and Internal Audit to ensure a cohesive risk management approach.
Regulatory Compliance & Stakeholder Engagement
Ensure full compliance with applicable CBN regulations, supervisory expectations, and risk management guidelines for MFBs.
Act as the primary liaison for enterprise risk matters during regulatory examinations and audits.
Oversee the tracking and closure of regulatory and audit findings related to risk management.
Maintain effective relationships with regulators, auditors, and external stakeholders.
Risk Culture, Training & Leadership
Build and lead a high-performing ERM team with clear roles, accountability, and development plans.
Promote a strong risk culture emphasizing ownership, accountability, and ethical conduct.
Drive enterprise-wide risk awareness and training programs.
Encourage proactive risk identification and transparent escalation across the organization.
Key Performance Indicators (KPIs)
Completeness and effectiveness of the ERM framework and risk reporting
Timeliness of risk identification and escalation
Compliance with risk appetite and regulatory requirements
Closure rate of risk and audit issues
Strengthen of risk culture across the Bank
Required Qualifications & Experience
Education
Bachelor's degree in finance, Accounting, Economics, Business Administration, Risk Management, or related field
Master's degree (MBA, MSc) is an advantage
Professional Certifications (Preferred)
FRM, PRM, CRISC, ACA, ACCA, or equivalent
Experience
Minimum of 10 - 12 years' experience in risk management, internal control, audit, or compliance within banking, fintech, or financial services
At least 5 years in a senior or leadership role
Strong exposure to enterprise-wide risk frameworks and regulatory engagement
Core Competencies & Skills
Deep understanding of enterprise risk management and CBN regulatory framework
Strong strategic, analytical, and problem-solving skills
Excellent communication, presentation, and stakeholder management abilities
High integrity, independence, and professional judgment
Ability to operate effectively in a fast-paced, technology-driven environment