Head, Risk and Internal Compliance at Trident Microfinance Bank Limited (TMFB)

Trident Microfinance Bank Limited (TMFB) is a newly established Microfinance Bank committed to driving financial inclusion and empowering underserved communities. Our mission is to provide innovative, reliable, and accessible financial solutions tailored to the unique needs of individuals, small businesses, and enterprises in Lagos.

At TMFB, we believe in the transformative power of microfinance to improve lives, uplift communities, and foster economic development. By combining technology-driven services with a customer-focused approach, we aim to bridge the gap between traditional financial services and those excluded from the financial system. Our vision is to become a trusted partner in financial growth and sustainability, enabling our clients to achieve their aspirations. With a dedicated team of professionals, robust risk management practices, and a commitment to excellence, we are poised to redefine microfinance in Lagos with integrity, innovation, and impact.

We are recruiting to fill the position below:

Job Title: Head, Risk and Internal Compliance

Location: Lagos
Employment Type: Full-time

Role Overview

• The Head of Risk and Internal Audit will play a critical role in safeguarding the financial and operational integrity of the Microfinance Bank. This individual will lead the development and implementation of robust risk management frameworks and oversee the internal audit function to ensure compliance with regulatory requirements, internal policies, and industry best practices. This role requires a highly analytical and ethical professional capable of identifying risks, assessing controls, and recommending improvements to enhance the bank's operational and financial stability.

Key Responsibilities
Risk Management:

• Develop, implement, and maintain a comprehensive risk management framework.
• Identify, assess, and monitor financial, operational, credit, and regulatory risks.
• Establish and oversee risk limits, policies, and procedures in alignment with the bank’s strategic objectives.
• Provide regular risk assessment reports to the Board of Directors and Managing Director, highlighting key risk exposures and mitigation plans.
• Ensure the effective management of credit risk, including loan portfolio monitoring and analysis.
• Collaborate with other departments to embed risk management practices across the organization.

Internal Audit:

• Plan, execute, and oversee internal audit activities to evaluate the effectiveness of controls, processes, and systems.
• Conduct periodic audits of financial, operational, and compliance functions to ensure adherence to policies and regulations.
• Identify control deficiencies and recommend actionable solutions to address them.
• Monitor the implementation of audit recommendations and report progress to the Board of Directors.
• Prepare and present audit reports with findings and recommendations to senior management and the Board.

Compliance and Governance:

• Ensure the bank’s operations comply with all applicable regulatory requirements and internal policies.
• Monitor changes in regulations and update risk and audit frameworks accordingly.
• Support the Board of Directors in fulfilling their governance and oversight responsibilities.

Leadership and Strategy:

• Build and lead a high-performing risk and audit team, fostering a culture of integrity and continuous improvement.
• Provide training and development opportunities to team members to enhance their skills and knowledge.
• Contribute to the development of the bank’s strategic plan by providing insights on risk and control considerations.

Qualifications and Experience

• Bachelor’s Degree in Finance, Accounting, Risk Management, or a related field. A Master’s degree or professional certification (e.g., ACA, ACCA, CISA, CRMA) is an advantage.
• Minimum of 8 years of experience in risk management and internal audit within the banking or financial services sector, with at least 3 years in a leadership role.
• Strong knowledge of microfinance banking operations, regulatory frameworks, and industry best practices.
• Demonstrated experience in credit risk management and loan portfolio analysis.
• Proven track record of implementing effective risk and audit frameworks.

Skills and Competencies:

• Exceptional analytical and problem-solving skills.
• Strong leadership and team management abilities.
• Excellent communication and presentation skills.
• High level of integrity and ethical standards.
• Proficiency in risk management and audit tools, as well as financial analysis software.
• Ability to work independently and provide strategic insights to senior management.

What We Offer

• Opportunity to contribute to a dynamic institution at the forefront of financial inclusion.
• Competitive salary and benefits package.
• Supportive and innovative work environment.

Application Closing Date
3rd January, 2024.

Method of Application
Interested and qualified candidates should submit their CV and a cover letter to: [email protected] using "Application for Head of Risk and Internal Audit - Microfinance Bank" as the subject of the mail.

Note: We are an equal-opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.