Risk Management Officer at Transkredit Finance Abuja

Job Overview

Transkredit Finance Company is recruiting a Risk Management Officer for a full-time position in Abuja. The officer will oversee enterprise and operational risk activities, develop risk policies and frameworks, monitor risk indicators and support the company’s leadership in making informed risk-management decisions.

This position requires relevant academic qualifications and five to ten years of experience. Applicants should understand current risk-management methodologies, the relationship between risk and return, and how risk controls can support an organisation’s strategic objectives.

Job Details

• Company: Transkredit Finance Company
• Job Title: Risk Management Officer
• Location: Abuja
• Job Type: Full Time
• Qualification: BA/BSc/HND
• Experience: 5–10 years
• Job Field: Risk Management and Compliance
• Salary: Not specified
• Application Deadline: Not specified

About Transkredit Finance Company

Transkredit Finance Company is a financial-services provider authorised, licensed and regulated by the Central Bank of Nigeria. Its stated areas of competence include credit processing, fund management and payment systems.

Key Responsibilities

Operational Risk Management

The Risk Management Officer will establish and maintain processes for identifying, measuring and reporting operational risks across the organisation. Responsibilities will include:

• Developing proactive processes for gathering operational-loss event data and key risk indicators.
• Monitoring key risk indicators regularly across the organisation.
• Analysing operational risks and preparing risk-management reports when required.
• Establishing operational limits that help monitor, constrain and avoid risk exposure.
• Developing procedures for collecting and analysing loss-event data.
• Analysing loss data to support informed decision-making.
• Promoting operational-risk awareness throughout the organisation.
• Supervising risk and control self-assessments conducted by process owners and support functions.

Business Continuity and Recovery

The role will contribute to business-continuity planning by:

• Analysing, designing and developing recovery strategies for critical business functions.
• Identifying short-, medium- and long-term continuity and recovery strategies for critical business processes.
• Conducting annual reviews of the organisation’s critical business processes.
• Designing service-level agreements for outsourced activities.

Leadership of the Risk Management Unit

The officer will provide direction for the enterprise-risk management function and support senior leadership by:

• Assisting the Board of Directors, Board-appointed committees and Managing Director in carrying out their overall risk-management responsibilities.
• Providing leadership based on acceptable enterprise-risk management standards and principles.
• Preparing, monitoring and evaluating the unit’s budget allocation and ongoing costs.
• Developing short- and long-term risk-management plans aligned with organisational goals.

Risk Policies and Procedures

The successful candidate will help maintain an effective policy environment by:

• Developing and recommending risk-management policies and operating procedures.
• Reviewing the organisation’s risk charter, policies, procedures, methodologies, frameworks and tools for continued relevance.
• Recommending and incorporating necessary amendments.
• Obtaining approval for revised drafts from the Managing Director, Chief Executive Officer and Board Audit and Risk Committee.

Enterprise Risk Management

Additional responsibilities will include:

• Assisting the Board Audit and Risk Committee in defining the organisation’s risk appetite.
• Developing and implementing an enterprise-wide risk-management strategy.
• Establishing an integrated framework for measuring and managing the risks facing the organisation.
• Incorporating risk considerations into strategic decision-making.
• Ensuring that line-management strategies align with the organisation’s risk policies.
• Supporting efficient portfolio diversification and risk-transfer strategies in line with the organisation’s risk-and-return profile.
• Evaluating the design and operating effectiveness of controls within organisational products and processes.
• Recommending changes to controls when necessary and helping management strengthen its risk-management capabilities.
• Promoting an organisational culture of risk awareness through communication, training, development and lessons from previous challenges.
• Reporting significant risk matters regularly to the Board and executive management.
• Recommending risk-performance indicators for inclusion in performance-management and reward structures.

Regulatory and External Relations

The Risk Management Officer will also:

• Represent the organisation at industry forums dealing with risk and compliance matters.
• Serve as a contact between the organisation and regulators on risk-management and compliance issues.
• Help shareholders, regulators and rating agencies understand the organisation’s enterprise-risk management programme.
• Liaise with external auditors and other assurance providers when required.

Qualifications and Experience

Applicants should possess:

• Relevant academic qualifications.
• Five to ten years of relevant experience.

Required Skills

Technical skills

• Strong understanding of current risk-management methodologies.
• Excellent understanding of the relationship between risk and return.
• Ability to balance risk-management requirements with organisational strategy.
• Ability to assess organisation-wide risk conditions and adjust risk-management activities appropriately.
• Ability to use risk management as a strategic tool for improving stakeholder value.
• Good knowledge of leading global risk-management practices and strategies.

Professional and interpersonal skills

• Excellent relationship-management skills, particularly when working with third parties.
• Good leadership, supervisory and people-management abilities.
• Strong analytical and problem-solving skills.
• Excellent presentation and facilitation skills.
• Excellent written and verbal communication abilities.
• Strong interpersonal and negotiation skills.

How to Apply

Interested and qualified candidates should review the role requirements carefully and submit their CV using the Apply button on this page. Candidates must use “Risk Management Officer” as the subject of their email.