Risk Officer at Simple Finance Limited

Simple Finance Limited is a credit solutions service that solves financial challenges for individuals in Nigeria, using technology. SimpleFi is focused on providing easy loans without collateral, managing investment opportunities and making easy and secure payment transfers.

We are recruiting to fill the position below:

Job Title: Risk Officer

Location: Victoria Island, Lagos
Employment Type: Full-time

Job Description

• We are looking for an intelligent, diligent, detailed and result-oriented Risk Officer who has proven experience in risk management, risk assessment methodologies, risk control frameworks, and compliance management, preferably within the fintech or financial services industry.
• As a Risk Officer, you will be responsible for identifying, assessing, and mitigating risks associated with our products, services, and operations in the fast-paced fintech industry.
• You will play a crucial role in ensuring that our company operates within regulatory guidelines and maintains robust risk management practices to safeguard our business and customers.

Responsibilities

• Develop and implement risk management strategies, policies, and procedures tailored to the unique needs of a fintech environment.
• Identify, assess, and prioritize risks across the company’s operations, including financial, operational, compliance, and technology risks.
• Conduct risk assessments for new products, services, and partnerships to ensure alignment with company risk appetite and regulatory requirements.
• Design and implement risk mitigation strategies to minimize the impact of identified risks on the company’s operations and reputation.
• Monitor risk exposure continuously and evaluate the effectiveness of risk management controls and measures.
• Develop key risk indicators (KRIs) and metrics to monitor risk levels and ensure timely reporting to senior management.
• Ensure compliance with applicable laws, regulations, and industry standards, including those specific to the fintech sector.
• Stay informed about changes in regulatory requirements and best practices, advising the company on necessary adjustments.
• Liaise with regulatory bodies and external auditors, providing necessary documentation and responding to inquiries.
• Develop and maintain an incident management framework for identifying, reporting, and resolving risk events.
• Conduct root cause analyses of incidents and implement corrective actions to prevent recurrence.
• Prepare and present risk reports to the board, senior management, and other stakeholders, highlighting key risks and mitigation efforts.
• Work closely with cross-functional teams, including finance, operations, IT, and legal, to ensure comprehensive risk management.
• Develop and deliver risk management training programs to educate teams on risk awareness, policies, and procedures.
• Foster a culture of risk awareness and compliance throughout the organization.
• Provide risk-based insights and recommendations to support strategic planning and decision-making.
• Analyze market trends and emerging risks, advising on potential impacts and opportunities for the company.

Qualifications

• Bachelor’s degree in finance, Risk Management, Business Administration, or a related field. A master’s degree or professional certification (e.g., FRM, PRM, ICAN, or similar certifications) is a plus.
• Minimum of five years’ cognate experience
• Proven experience in risk management, preferably within the fintech or financial services industry.
• Strong understanding of risk management principles, practices, and regulatory requirements, particularly those relevant to fintech.
• Experience with risk assessment methodologies, risk control frameworks, and compliance management.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong communication and interpersonal skills, with the ability to articulate risk concepts to various stakeholders.
• High attention to detail and organizational skills.

Skills:

• Experience with fintech-specific risks, including those related to digital payments.
• Familiarity with risk management tools and technologies.
• Self-Starter with the ability to work independently
• Ability to work under pressure, fast-paced, innovative environment while remaining flexible, proactive and efficient.

Application Closing Date
15th November, 2024.

How to Apply
Interested and qualified candidates should send their CV to: [email protected] using the job title as the subject of the email.