Job Application Form – Risk Management Specialist

Risk Management Specialist – Risk Management Department

• To provide comfort on the figures for all the businesses run in the organization
• To monitor the exposures of the businesses to internal and external threats
• To review the systems continuously and ensure compliance with laws and policies
• To continuously review the policies, benchmarks, and limits of the organization to limit exposures.

• Risk due diligence
• Operational policies and Business process reviews
• Credit Risk reviews
• Credit operations reviews, spot checks, non-financial transactions reviews, etc.
• Review and investigation of process exceptions and operational anomalies
• Review and monitoring of system operational controls, investigation, and correction of anomalies
• Responsible for assisting with the pro-active risk management of the portfolio and assisting the team in performing credit risk reporting and analytical tasks
• Responsible for undertaking credit risk analysis/sector research and also for ensuring data accuracy of the portfolio.
• Performing financial analysis, financial modeling for the transactions, including scenario analysis and stress testing, and credit grading of the counterparties.
• Monitor compliance with credit risk and exposure management policies and guidelines and performance
• Assess Changes in Largest Exposures
• Review strategic credit positions and ensure that no relevant scenarios are missed in assessments
• Assess all loan requests to ensure compliance to both individual and organization limits
• Review if any changes need to be made in specific provisions
• Ensure the eligibility of the borrower based on the customer’s existing debt or overdue loans/ repayments
• Ensures that no savings withdrawal request is encumbered.
• For Mortgage Loans, censure from the Legal department that the mortgage papers have been verified original and authentic.
• Verify that the guarantors (where necessary) have the means to repay the loan in the event of default by the borrower.

Target Clients

The target clients for this role include but are not limited to

·       All existing Co-operators in the Cooperative,

·       Immediate family members of Co-operators

·       Eligible Co-operators within the system

·       The staff of the Cooperative

·       All businesses which the Cooperative is operating and hopes to operate

·       Cooperative Management Committee (CMC)

·       Contractors to the Cooperative

·       Auditors to the cooperative

Client engagement

·       Presentation and soft skills tailored to engaging business owners

·       Communication and presentation skills

·       Negotiation and objection handling

·       Client training and advice on process improvement

·       Risk assessment and policy development

Knowledge & Skills Required

• At least 3-5 years experience in internal control, audit, and/or risk management in a financial institution
• Strong analytical skills with a demonstrated ability to extensively analyze business opportunities
• Strong business/client engagement skills
• Experience developing business requirements
• Experience developing instructional and procedural documentation and presentations
• High level of competence with MS word, PowerPoint and Excel
• Excellent time management and organizational skills
• Capable of working independently and with minimum supervision
• Unquestioned personal integrity with strong ethics and values
• Showcase good analytical and evaluating skills
• Internal control, Credit, and operational risk skills
• Good human relations.
• Good experience in customer service.
• Good working knowledge of the bank’s operating systems.
• Good communication and interpersonal skills.
• Good working knowledge of the Cooperative’s products and services.
• Good Microsoft skills.

Key Performance Indicators

·       Improved customer experience

·       Proactive identification of control lapses

·       Fraud prevention and detection

·       Prompt identification of risks

·       Improved control environment

·       Advise the Business on Co-operators who exhibit high-risk policies and practices hence controlling and managing risk

Qualifications & Experience

·       Bachelor’s degree from a recognized university with a minimum of the second-class Lower division.

·       Minimum of 3 years cognate work experience from a reputable organization/Institution

·       Experience in internal audit, credit risk, and operational risk management

·       Possession of any of ICAN, ACA, CIA, CISA, or any other related certification in the Risk (s) will be required

·       Big 9 experience will be an added advantage

To Apply, Click on the below link to complete the application form:

Job Application Form – Risk Management Specialist

N/B: The deadline for all application submissions is on the 25th of March, 2022.