The Role
Job Title/PositionRisk ManagerDepartment ComplianceReport ToChief Compliance Officer Direct Reports/ SubordinatesGroup Chief Compliance Officer Job Grade Level
Key Duties and Responsibilities
Key Requirement Education and Work Experience
Key Duties and Responsibilities
- Conduct assessments to define and analyze possible risks
- Evaluate the gravity of each risk by considering its consequences
- Audit processes and procedures
- Develop risk management controls and systems
- Design processes to eliminate or mitigate potential risks
- Create contingency plans to manage crises
- Evaluate existing policies and procedures to find weaknesses
- Prepare reports and present recommendations
- Help implement solutions and plans
- Evaluate employees’ risk awareness and train them when necessary
- Identify and assess risks inherent in the company’s products, services, processes, and systems (e.g., cyber risks, financial fraud, regulatory compliance, and credit risks).
- Collaborate with various departments to ensure that effective risk mitigation measures are in place across all areas of the business.
- Ensure that adequate safeguards, firewalls, and data protection measures are in place to protect both customer and company data.
- Regularly review regulatory changes and advise senior management on the potential impact on the company’s risk profile.
- Develop, implement, and maintain an Enterprise Risk Management (ERM) framework that aligns with industry best practices and company objectives.
- Ensure that risk-related policies and procedures are clearly documented and accessible to relevant stakeholders.
- Prepare and present comprehensive risk reports to the executive team, board of directors, and regulatory authorities as required.
- Develop and maintain business continuity and disaster recovery plans to ensure operational resilience in the event of a disruption or crisis
- Collaborate with the compliance, legal, finance, IT, and operations teams to ensure that risk management efforts are integrated throughout the organization.
Key Requirement Education and Work Experience
- A bachelor’s degree in Finance, Business, Risk Management, or a related field. A master's degree or professional certifications (e.g., FRM, PRM, or CRM) is preferred.
- Must have completed NYSC
- 5-6 years of experience in KYC/AML process, compliance, operations, risk & control functions
- Strong knowledge of fintech regulations and their impact on the business.
- Experience in cybersecurity risk management, financial risk modeling, and compliance regulations.
- Previous experience working with senior leadership to develop risk management strategies.
- Strong analytical and problem-solving skills with the ability to assess and mitigate complex risks.
- Excellent communication and interpersonal skills to collaborate with cross-functional teams.
- Familiarity with risk management tools and software, as well as financial and business modeling.
- Knowledge of enterprise risk management (ERM) frameworks and best practices.
- Ability to stay updated with the latest trends, regulations, and technology developments in the fintech space.
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The Company
What We Do
PalmPay is building the financial superapp for Africa
