Risk Manager

About the Role

We are looking for a skilled and analytical Risk Manager to oversee risk identification, evaluation, monitoring, and mitigation within our fintech operations. This key role is integral to protecting the financial stability, regulatory compliance, operational integrity, and reputation of the company, all while fostering sustainable growth.

The Risk Manager will partner with teams across Product, Credit, Compliance, Operations, Technology, Finance, and Executive Leadership to establish and refine a comprehensive enterprise risk management (ERM) framework that aligns with industry standards and regulatory expectations.

Compensation: The monthly salary range for this position is between ₦800,000 and ₦1,000,000 net, commensurate with experience, credentials, and overall suitability.

Core Responsibilities

• Create, enforce, and continuously enhance the organization's risk management framework, inclusive of policies and procedures.
• Pinpoint, evaluate, track, and mitigate significant risks across operational, financial, strategic, technological, cybersecurity, compliance, and reputational domains.
• Maintain the enterprise risk register along with the risk appetite framework.
• Undertake regular risk assessments and deliver findings to senior leadership.
• Assess and oversee credit risk within lending and Buy Now Pay Later (BNPL) portfolios.
• Review portfolio metrics such as performance, defaults, delinquency, and loss rates to guide risk-reduction strategies.
• Coordinate with Credit, Collections, and Data teams to enhance underwriting processes and risk scoring models.
• Implement controls to prevent operational losses and process disruptions.
• Investigate operational issues and suggest corrective measures.
• Monitor Key Risk Indicators (KRIs) and ensure prompt reporting.
• Design and apply fraud detection and prevention initiatives.
• Analyze transaction activity to detect emerging fraud patterns.
• Collaborate with Technology and Security teams to bolster fraud detection systems.
• Lead fraud investigations and coordinate resolution efforts.
• Ensure compliance with relevant regulatory frameworks and industry standards.
• Partner with Compliance teams for audit preparations and regulatory assessments.
• Track regulatory changes and evaluate their impact on the business.
• Support regular policy revisions and governance practices.
• Develop risk reports, dashboards, and presentations for executive management and board committees.
• Offer insights for strategic decisions through risk analysis and scenario planning.
• Assist in maintaining and testing business continuity and disaster recovery plans.
• Ensure the resilience frameworks are up-to-date and effective.

Candidate Requirements

• A bachelor's degree in Finance, Economics, Accounting, Business Administration, Risk Management, Mathematics, Statistics, or related disciplines; a master's degree is a plus.
• At least 5 to 8 years of progressive experience in risk management, credit risk, enterprise risk, audit, or compliance within fintech, digital lending, banking, financial services, or payment sectors.
• Proven track record managing risks in lending, BNPL, payment, or digital financial products.
• In-depth knowledge of fintech regulations and risk governance.
• Expertise in ERM frameworks, credit risk analytics, fraud risk management, and transaction monitoring.
• Strong analytical capabilities including data interpretation and advanced skills in Excel, Power BI, SQL, or similar analytical tools.
• Familiarity with regulatory requirements including AML/CFT and data protection protocols.
• Professional certifications such as CRMP, FRM, PRM, CIA, CFA, or relevant compliance credentials are preferred.

Key Performance Indicators

• Portfolio Loss Rate
• Fraud Loss Reduction
• Risk Incident Resolution Time
• Regulatory Compliance Score
• Operational Risk Event Frequency
• Audit Findings Closure Rate
• Risk Assessment Completion Rate
• Business Continuity Readiness Score