Source Microfinance Bank Jobs

Risk Manager

Source Microfinance Bank

Risk Manager

Posted 4 Days Ago

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Lagos, Lagos Island, Lagos, NGA

In-Office

Senior level

Fintech • Mobile • Financial Services

The Role

Lead enterprise, credit, and operational risk management across the bank: develop ERM framework, maintain risk register, conduct risk assessments, monitor loan portfolio performance, prepare risk reporting for management and regulators, support BCM and information security risk activities, and deliver risk training.

Summary Generated by Built In

Enterprise Risk Management:

• Develop and maintain the Bank's Enterprise Risk Management (ERM) Framework.

• Identify, assess, monitor, and report emerging and existing risks across the Bank.

• Coordinate periodic risk assessments and risk reviews.

• Maintain the Bank's Risk Register and ensure timely mitigation of identified risks.

• Promote a strong risk culture across the organization.

Credit Risk Management:

• Monitor the quality and performance of the Bank's loan portfolio.

• Review portfolio risk indicators including PAR, delinquency trends, write-offs, and concentration risks.

• Conduct independent reviews of credit proposals and risk exposures.

• Recommend risk mitigation strategies to minimize credit losses.

• Monitor adherence to approved credit policies and risk appetite limits.

Operational Risk Management:

• Identify operational risk exposures arising from processes, systems, people, and external events.

• Monitor operational loss incidents and recommend corrective actions.

• Conduct Risk and Control Self-Assessments (RCSA) across departments.

• Ensure implementation of effective internal controls.

Risk Monitoring and Reporting:

• Prepare periodic risk reports for Management, Executive Management, Board Committees, and regulators.

• Track Key Risk Indicators (KRIs) and escalate breaches promptly.

• Monitor compliance with risk limits and approved risk appetite thresholds.

• Provide recommendations on risk exposures and mitigation measures.

Regulatory Compliance and Governance:

• Ensure compliance with applicable CBN regulations, prudential guidelines, and industry standards.

• Support regulatory examinations and audits.

• Monitor implementation of regulatory recommendations relating to risk management.

• Assist in the review and update of risk management policies and procedures.

Business Continuity Management System (BCMS) and Information Security:

• Coordinate the Bank's Business Continuity Management (BCM) activities.

• Participate in disaster recovery planning and testing.

• Support information security risk assessments and controls implementation.

Training and Risk Awareness:

• Conduct risk awareness and risk culture training across the Bank (Staff and Board).

• Provide guidance to departments on risk identification and mitigation.

• Promote risk ownership at all levels of the organization.

Requirements

∙ Minimum of 5-8 year experience in Risk Management, Credit Risk, Internal Control, Audit, Compliance or related function

∙ Experience performing above roles in a digital banking environment is important to being successful on this role, show clear understanding of digital loan products: sales, collection and delinquent management

∙ Relevant Professional certification is an added advantage, CIBN (MCP) certification is important. Where not available, there must be commitment to certification within the first year of employment

∙ Experience working in a financial institution and understanding of CBN stipulated ratio, standards, reporting and other relevant guideline is a must have

∙ Previous and proven usage of Microsoft office, accounting and core banking solutions is essential for the role holder

∙ Experience working with start-up is an advantage but not compulsory

∙ Excellent verbal and written communication and presentation skills is required

. Strong knowledge of credit risk assessment, financial and lending principles.

Skills Required

Minimum 5-8 years experience in Risk Management, Credit Risk, Internal Control, Audit, Compliance or related function
Experience in a digital banking environment with clear understanding of digital loan products (sales, collection, delinquent management)
Experience working in a financial institution and understanding of CBN ratios, standards, reporting and guidelines
Proven use of Microsoft Office, accounting software and core banking solutions
Commitment to obtain relevant professional certification within the first year if not already certified (CIBN MCP emphasized)
Relevant professional certification (CIBN MCP) preferred
Excellent verbal and written communication and presentation skills
Strong knowledge of credit risk assessment, financial and lending principles
Experience working with startups

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The Company

45 Employees

Year Founded: 2022

What We Do

Source Microfinance Bank is a Lagos-based Nigerian microfinance institution focused on reinventing banking through innovation and technology. It provides customer-centric financial services to individuals, low- and medium-income earners, micro businesses, and other businesses, including accounts, loans, and digital banking channels. Its mission is to improve access to credit and personalized financial products while empowering customers and communities through accessible, technology-enabled banking.