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Enterprise Wide Risk Officer HND / BA / BSc Job

2024-06-17 18:45   Administrative / Management   Lagos   38 views
Job Details

Job Purpose

To facilitate, integrate and coordinate risk
To create a culture of risk awareness within the organization
To formally bring consideration of risk into the strategic decision making process
To communicate to all stakeholders – internal and external – about risk
To ensure compliance with the extant laws and regulations that govern First Marina Trust Limited business
To ensure that First Marina Trust Limited abides with all Central Bank of Nigeria’s regulations as relates to Finance Houses
To ensure that Compliance Risk is adequately identified, described, reported, controlled, and monitored to reduce impact on shareholder value and all stakeholders
To ensure that all staff of First Marina Trust Limited abide by their operational manuals and job functions

Duties & Responsibilities

To monitor compliance with the policies, procedures, operational manuals of First Marina Trust Limited and report same to Management.
To conduct investigations of possible breaches of the Compliance policy, any other company policy, statutory regulations, CBN regulations, operational manuals, and staff Hand Book and to recommend appropriate disciplinary actions and measures to avoid a recurrence.
To report to the Chief Risk Officer on FMTL’s Management of its Compliance risk, in such a manner as to assist the Board Risk Committee to make an informed judgment whether FMTL is managing its Compliance risks effectively
Monitors overall Regulatory and Economic Capital Adequacy
Aligns developments in the risk areas with the requirements of the CBN under their risk-based supervisory framework
Ensures that the risk-reward profile supports the overall risk appetite and tolerance of FMTL (including all business units) on an integrated basis
Continually and consistently monitors FMTL’s risk universe
Undertake regular and frequent calls, site visits, follow-up’s to implement remedial strategies and action plans agreed with Credit Risk Officer.
Initiate demand and reminding letters to all defaulting customers
Continuous progress reports on negotiations with debtors in respect of repayment of indebtedness
Follow up on sale of securities deposited for collateral alongside the legal department after other remedial strategies have been exhausted
Preparation and recommendation of strategies for recoveries on major assigned accounts to the Chief Risk officer.

Key Performance Indicators

Risk assets recovered
Debt management
Timely reporting of FMTL’s Management of its Compliance risk Chief Risk Officer
Timely reporting and escalation of overall Regulatory and Economic Capital Adequacy
Achievements on your duties and responsibilities
Achieving set targets and meeting up deadlines
Enthusiasm towards work
Relationship with clients and Colleagues

Job Knowledge:

Risk policies, risk appetite and risk limits
Risk infrastructure, process and reporting
Risk integration and links between risks.
Risk assessment and action plans
Incorporate risk elements in performance metrics
Ensure lines of business have risk capacity both in personnel and risk systems
Statutory and regulatory compliance requirement or prerequisites

Skills / Competencies:

Good communication skills
Strong interpersonal skills
Business awareness and commercial focus
Leadership and strong management skills
Technically competent
Ability to analyze, interpret and explain the ERM framework, statutory guidelines and regulations
Personally credible
Integrity and approachability
Computer Proficiency.

Company Description
First Marina Trust Finance Company Limited is a Central Bank of Nigeria licensed Finance Company. The company, privately owned by Nigerians, commenced operations in 1989.