Risk Manager at PalmPay Limited

Job Title: Risk Manager

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.

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.

Key Requirement / Skills:

• 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.

Application Instructions:

The application deadline is Not Specified. Therefore, qualified and interested candidates can “CLICK HERE TO SUBMIT APPLICATION” It is important to visit the official website (link found below) for detailed information on how to apply successfully for this vacancy.