Chief Risk Officer at the Nigerian Stock Exchange Jobs in Nigeria
Chief Risk Officer at the Nigerian Stock Exchange Jobs in Nigeria
The Nigerian Stock Exchange, services the largest economy in Africa, and is championing the development of Africa's financial markets. The Exchange offers listing and trading services, licensing services, market data solutions, ancillary technology services, and more.
It is an open, professional and vibrant exchange, connecting Nigeria, Africa and the world.
We are recruiting to fill the position below:Chief Risk Officer (CRO)
Enterprise Risk Management Group
Chief Executive Officer
The Exchange needs an industry professional with a strong personality, good people management skills and the ability to work as a team player to support its Enterprise Risk Management (ERM), Compliance and Internal Control efforts.
The individual would be required to have a thorough understanding of The Exchange’s policies, overall mission and strategy, and how best to manage the risks associated with executing them.
The Chief Risk Officer (CRO) will manage the Enterprise Risk Department (ERD) and be identified as the top Risk Officer in the company.
ERM sits under the Office of the Chief Executive Officer (CEO) and the CRO will report to the CEO directly.
The Compliance Officer and Internal Control Officer report to the Chief Risk Officer. Responsible for and has the authority to make all decisions on risk management issues that directly impact the strategic direction of the company
Set the strategic risk management vision and is charged with delivering that strategy to the company using exceptional leadership skills, network of internal and external alliances and highly developed business skills
Exhibit business process knowledge, possess a broad based operational perspective and provide solutions for non-insurance related business risk issues
Risk Management Provide leadership, innovation, governance, and management necessary to identify, evaluate, mitigate, and monitor the company's operational and strategic risk
Develop Enterprise Risk Management tools, practices, and policies to analyse and report enterprise risks, and to manage risks according to an enterprise risk management framework
Ensure the organization's risk management policies and strategies are in compliance with applicable regulations, rating agency standards, and strategic imperatives of the organization
Establish the Enterprise Risk Management architecture for the company
Oversee or monitor all operational risk management activities of the organization
Monitor and analyse risks within the company's business units and reports on these risks to the Board Audit and Risk Management Committee
Chair or provide key input into the company's enterprise risk or other committees that oversee the enterprise risk management process and ensure alignment with organizational objectives
The candidate will be a liaison for reporting findings and status to CEO and the Executive Committee, as well as the Board Audit and Risk Management Committee
Additional responsibilities include: Responsibility for Insurance and Risk Management and / or Business Continuity Planning activities for the organization
To ensure operational efficiency, adequate risk/internal control measures, high service standards, and compliance with the organisations policies and procedures Work with business units to establish, maintain and continuously improve Risk Management capabilities Reduce operational risk exposure to acceptable levels of target residual risk commensurate with the risk appetite Develop risk mitigation strategies for the organization’s critical risks and for monitoring these risks Conduct stress testing on operational risk scenarios Compliance Oversee the Compliance function
Establish compliance operational strategies by evaluating trends; establishing critical measurements; determining production, productivity, quality, and customer-service strategies; designing systems; accumulating resources; resolving problems; implementing change
Provide timely and accurate information to the External and Internal Auditors and the Compliance function as and when required
Provide advice during product development and enhancements and execute operational procedures related to compliance trends, practices, and opportunities
Ensure management and staff are apprised of new and amended industry, national and international legislation, regulation and guidelines Participate with various committees, Senior Management and financial institution personnel on discussions on emerging compliance issues
Internal control identify, design and test internal controls to monitor compliance with regulatory and internal policy requirements and document results for escalation to department managers, CEO, Executive Committee, Council Committees and National Council of the exchange
Responsible for completing annual assessments of the organizations internal controls including preparation of an annual work plan with supporting audit programs and test procedures, and ensuring that the program remains current with any new auditing standards and developments
Conduct formal reporting of internal control deficiencies and recommendations from annual assessments including preparation and review of reports to management
Advise management on approaches to remediate control deficiencies and other related control
Evaluate internal controls for the organization; conduct design and quality assurance testing as and when required to ensure readiness for internal audits.
General Work with business units to establish, maintain and continuously improve risk, compliance and internal control capabilities
Ensure sufficient ongoing reviews are being performed by all departments to review their processes and identify business as usual operational risks
Perform appropriate risk/compliance and internal control reporting to the CEO, Executive Committee, Council Committees and National Council of the exchange facilitate enterprise-wide risk assessments (including Compliance, Internal Control) and monitor priority risks across the organisation
Monitor results of department-wide priorities, and highlight/engage Line Managers on potential corrective actions and dependencies when necessary
Lead and guide the exchange department’s annual budgeting process
Create KPIs for performance and quality measurement purposes
Ensure effective alignment between the Risk, Compliance, Internal Control and Internal Audit departments
Train internal and external stakeholders on risk, Internal Control and Compliance related matters
Train, supervise and review the work of the Compliance Officer, Internal Control Officer
Qualifications and Experience:
A degree in Finance, Business Administration/Law or a similar field, plus 12 – 15 years’ experience with at least 5 – 7 years senior level Risk/Compliance management experience
Strong understanding of exchange regulations and contemporary knowledge of risk framework such as Market and Operational risk Knowledge of securities and finance markets
Business Process Audit
Compliance Risk Management
Financial Risk Management
Attention to Detail
How to Apply
Application Closing Date
22nd January, 2019.
For more information and job application details, see; Chief Risk Officer at the Nigerian Stock Exchange Jobs in Nigeria
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