Risk Management / Control Officer at Rigo Microfinance Bank Limited

Rigo Microfinance Bank Limited – We deliver unequaled financial services through well trained and friendly workforce; helping individuals meet their financial goals and supporting micro, small and medium enterprises to grow.

We are recruiting to fill the position below:

Job Title: Risk Management / Control Officer

Location: Lagos

Responsibilities

Examine and evaluate the effectiveness and adequacy of the internal control systems
Perform review of the effectiveness and application of risk assessment methodologies and risk management procedures
Review financial and management information systems, including the electronic banking services and electronic information system
Review financial reports and accounting records for accuracy and reliability
Perform review of means, techniques, or methods of safeguarding assets
Perform review of system applied by the bank in evaluating its capital vs estimated risk
Perform evaluation of the economy and operational efficiency
Perform a test on both the functioning of specific internal control procedures and transactions
Perform review on established systems for ensuring codes of conduct, compliance with regulatory and legal requirements, and the implementation of procedures and policies
Perform special investigations, and carry out tests on the timeliness and reliability of the regulatory reporting.
Undertaking internal audits to ensure the company meets its financial, operational and compliance objectives
Supporting the development of an assurance planning reporting process
Reporting on control deficiencies to management and making recommendations to mitigate risk and add value
Challenging current processes across the company and identifying opportunities for refinement
Engaging remediation of identified issues through follow-up
Playing an active role in the maintenance and review of policies and procedures, including ensuring they are up to date with all legislation and best practices
Communicating with a variety of stakeholders across the company.
Any Other Activity that may protect the integrity of this bank’s policies, procedures, processes, and controls.
Designing and implementing an overall risk management process for the organization, which includes an analysis of the financial impact on the company when risks occur
Performing a risk assessment: Analysing current risks and identifying potential risks that are affecting the company
Performing a risk evaluation: Evaluating the company’s previous handling of risks, and comparing potential risks with criteria set out by the company such as costs and legal requirements
Establishing the level of risk the company are willing to take
Preparing risk management and insurance budgets
Risk reporting tailored to the relevant audience. (Educating the board of directors about the most significant risks to the business; ensuring business heads understand the risks that might affect their departments; ensuring individuals understand their own accountability for individual risks)
Explaining the external risk posed by corporate governance to stakeholders
Creating business continuity plans to limit risks.