Key Responsibilities
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
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
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
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
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
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
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
Business Continuity & Crisis Management
Support development of Business Continuity Plans (BCP) and Disaster Recovery (DR) frameworks
Lead risk response during financial or operational crises
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
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)
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