Risk Officer, Group Risk and Compliance at Guaranty Trust Bank (GTB) Plc

Guaranty Trust Bank plc is a foremost Nigerian financial institution with vast business outlays spanning Anglophone West Africa and the United Kingdom. The Bank presently has an Asset Base of over 2 Trillion Naira, shareholders funds of over 200 Billion Naira and employs over 10,000 people in Nigeria, Cote dIvoire, Gambia, Ghana, Kenya, Liberia, Rwanda, Sierra Leone, Uganda and the United Kingdom.

We are recruiting to fill the position below:

Job Title: Risk Officer, Group Risk and Compliance

Location: Lagos, Nigeria
Reports to: Group Chief Risk and Compliance Officer
Seniority Level: Mid-Senior level
Industry: Financial Services
Employment Type: Full-time
Job Functions: Accounting/Auditing Finance Management

About the Opportunity

• The Risk Officer will assist the Group Chief Risk and Compliance Officer in providing oversight of the Group’s spectrum of risk-taking activities encompassing economic risks including credit, market, liquidity, capital and country, as well as other core risks including operational, model, conduct, and reputational risk.
• He/she is responsible for coordinating all business units to assist in the identification, monitoring, and reporting of risks taken throughout the Group.

Supervisory Responsibilities:

• This position has no direct supervisory responsibilities but does serve as a coach and mentor for other positions in the department.

Your Key Responsibilities

• Provide support in designing a robust risk management strategy for the Group with over 10 subsidiaries across Africa and across different financial services businesses
• Provide support in setting the risk appetite levels for the Group, and the further defining risk limits for each subsidiary
• Provide guidance to ensure that adequate risk management policies are designed, and well implemented by subsidiaries
• Oversee monitoring of macro-economic activities that may affect the Group’s business activities, to proactively identify and assess the impact of risks and opportunities inherent in the Group’s business operations
• Provide oversight and guidance for conducting stress tests on the Group’s consolidated risk exposure
• Manage the risk identification and risk mitigation procedures of the Group
• Provide support in the creation of risk analysis report and disseminate it to relevant stakeholders including the risk committee, board members and group executives
• Advocate and support the culture of informed risk-taking and heighten awareness and use of advanced risk management practices through training programs and coaching
• Raise awareness of relevant rules and regulations from statutory and regulatory bodies within Banking and other financial services

Requirements
Skills and Knowledge Required for the Role:

• Bachelor’s Degree in Finance, Accounting, Economics, Business Administration or Legal (Master’s Degree is an additional advantage)
• Local and international certifications in Risk management, such as Certificate in Risk Management (CIRM)
• Strong understanding of development and trends in both international and African financial sectors, as well as regulations and trends in these markets
• Deep knowledge and understanding of both banking and general financial markets regulatory environment
• Strong understanding of Enterprise Risk management concepts, frameworks to proactively identify risks inherent in business operations that can have negative strategic implications for the Group
• Strong knowledge on portfolio risk management techniques, e.g. key risk metrics for players in the financial markets, capital management, database management, risk analysis etc.
• Good analytical & problem solving skills
• Excellent interpersonal and communication skills
• Proficiency in Microsoft Office (Power Point, Excel, etc.)
• Reporting skills
• Ability to use available technology resources to drive monitoring and reporting
• Data analytics skills will be an advantage

To qualify for the role you must have:

• A minimum of 5 years working experience across risk management, policies and regulations in the financial services sector
• Demonstrated capacity to translate commercial strategies into risk profiles and risk assessments
• Proven participation in implementing and managing Enterprise Risk Management strategy and governance, risk and compliance activities
• Deep knowledge and experience in risk functions including credit, market, liquidity, capital and country and a broad understanding of the regulatory environment and compliance issues
• Experience in building or implementing risk and compliance controls across a group of difference financial services companies

Attributes for success in this role:

• Ability to build relationships with senior leaders, and external agencies
• Exceptional strategic thinking and analysis capabilities
• Ability to exert sound judgment and discretion; assure confidentiality
• Ability to build strong network with regulatory bodies and government authorities
• Good standing and assertiveness, with excellent teamwork attitude, with proven ability to influence and coordinate team beyond his/her own department
• Ability to handle a fast-paced, changing organization
• Ability to effectively plan, set priorities, and manage several complex projects

Application Closing Date
Not Specified.