The Role
The Risk Analyst/Risk Associate will support the Enterprise Risk Management arm of the organization towards developing risk management strategies to safeguard the company's interests while ensuring compliance with regulatory requirements.
Job Responsibilities
Operational & Process Risk: Assist in identifying process gaps and control weaknesses across the lending lifecycle (origination, disbursement, collections).
Risk Report & Analytics: Assist in analyzing loan applications and assess borrower risk using internal and external data sources (KYC, credit bureaus, AML, sanctions).
Participate in risk assessment, control testing and reporting with actionable insights.
Fraud Risk Management: Monitor fraud detection rules and redflags. Collaborate with collections and operations teams to prevent fraud-related incidences.
Loan Monitoring: Monitor violations of credit and risk policies, provide analysis, conclusion and recommendation.
Regulatory & Compliance Support: Ensure adherence to internal policies and procedures
Support compliance with regulatory requirements (NFIU, NDPR).
Collaboration & Stakeholder Engagement: Work closely with Credit, Collections, Sales, Product and finance teams to improve risk outcomes.
Undertake all such other roles and responsibilities as may be assigned from time to time and participate in risk management training to enhance knowledge, practice and compliance across board.
Qualifications
Proven experience in risk management within the financial services industry (2-3 years).
Preferably, experience in a Fintech environment.
Strong understanding of financial markets, credit analysis, and risk assessment methodologies
Excellent analytical and problem-solving skills
Knowledge of regulatory requirements and compliance standards
Strong communication and follow-up skills
Basic knowledge of Microsoft Excel or Google Sheets
Ability to work in a fast-paced environment and handle multiple tasks
High level of integrity and attention to detail
Willingness to learn and take initiative
Candidate must reside in Lagos