Vacancy for a Chief Risk Officer (CRO) at Federal Ministry of Finance
Employment Nigeria
20-Jul-2016
ABUJA ,
Banking and Finance
PricewaterhouseCooper (PwC) - The Federal Government of Nigeria through the Federal Ministry of Finance is setting up a Development Finance Institution with an objective to increase the availability and access to finance for Micro, Small and Medium Enterprises (MSME) through eligible financial intermediaries.
POSITION : Chief Risk Officer (CRO)
Roles & Responsibilities
Overall Function of the Position:
- The Chief Risk Officer (CRO) plays a critical role in proactively identifying and understanding the potential threats, opportunities, actions or events that will affect the Bank’s ability to achieve its objectives, and in developing appropriate management policies.
Specific Duties of the Position:
- Ensures that the Governance, Risk, Compliance and Control Frameworks of the bank are maintained and updated as approved by the Board of directors and in operations.
- Compiles, assesses and reports risk information to the CEO and the Board
- Ensures that the Bank’s activities comply with relevant legislation and regulation.
- Develops, manages and refines qualitative and quantitative risk reporting which meets the needs of the Board, in order to support effective decision making.
- Formulates and articulates a coherent risk appetite and infrastructure, including operating and financial models and hiring plans.
- Develops, oversees and maintains an early risk alert reporting system
- Establishes and maintains corporate governance systems and committee structures by reviewing and confirming investment processes.
- Understands and monitors key elements of the Bank's risk profile and develops proactive mitigating and coping strategies.
- Embeds a positive culture of confidence and informed risk taking through training, communication and promotion of the agreed risk framework.
- Partners effectively with third parties, regulatory bodies and others, as appropriate and serves as a role model for high personal and corporate ethical values and standards of integrity.
- Develops and maintains regular liaison with Risk-Rating agencies and external auditors to ensure compliance with statutory requirements
- Provides essential input as a member of senior management and the executive committee and credibly challenges the management of current issues and the development and implementation of strategy.
- Reviews, reports and advices the CEO on identified and incident of risks affecting the Bank.
- Monitors to ensure statutory compliance with relevant company policies, procedures and regulatory provisions, conducting risk assessments, monitoring performance and reviewing procedures.
- Develops and maintains compliance with all the Bank’s policies.
- Manages the Bank’s risk profile in line with the intent of the Board
- Monitors and advises the Board of Directors on corporate governance trends
Requirements
Education and Experience Required:
- Minimum of a Bachelor's Degree in any discipline and a Master's Degree in any Business related discipline
- Minimum of 18 years post-graduation experience in Risk Management /Internal Audit out of which at least 13 years must have been in the financial services industry, 8 of which must have been in a Senior Management position
- Relevant professional qualifications such as, Certified Internal Auditor (CIA), Enterprise Risk Management, Risk Managers.
- Proven track record in MSME and developmental projects
Sorry the application deadline for this job has elapsed
