Head, Risk and Compliance

• Job Title: Head, Risk and Compliance
  

• Reports To: Managing Director / Chief Executive Officer (with a functional reporting line to the Board Risk & Compliance Committee)
  

• Salary: ₦1,100,000 – ₦1,500,000 Net per month
  

• Industry: Financial Services (Microfinance Bank / Fintech)
  

Role Summary

The Head, Risk and Compliance will be responsible for designing, implementing, and managing the enterprise risk management (ERM) framework and ensuring full compliance with all regulatory requirements and internal policies.

As a key member of the executive leadership team, you will champion a robust risk-aware culture, safeguard the institution’s assets, and ensure the business operates strictly within the guidelines set by the Central Bank of Nigeria (CBN) and other regulatory bodies.

Key Responsibilities

1. Risk Management & Governance

• Framework Development: Design, implement, and continuously update a comprehensive Enterprise Risk Management (ERM) framework aligned with the institution’s strategic goals.
  

• Risk Monitoring: Proactively identify, assess, and monitor credit, operational, liquidity, market, and reputational risks across all business units.
  

• Risk Register & KRIs: Maintain and update the corporate Risk Register; define and track Key Risk Indicators (KRIs) to provide early warning signals of potential vulnerabilities.
  

• Business Continuity: Develop and maintain business continuity and disaster recovery plans to ensure operational resilience.
  

2. Regulatory Compliance & AML/CFT

• CBN Guidelines: Ensure strict compliance with all relevant guidelines, circulars, and regulations issued by the Central Bank of Nigeria (CBN) and other applicable regulatory authorities.
  

• Financial Crime Prevention: Oversee the Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Know Your Customer (KYC) frameworks. Ensure robust transaction monitoring and sanction screening protocols.
  

• Breach Reporting: Promptly identify, investigate, and report any compliance breaches or lapses. Formulate swift corrective action plans.
  

• Regulatory Liaison: Act as the primary point of contact for regulators, managing regulatory examinations, audits, and routine inspections.
  

3. Reporting, Analytics & Strategy

• Board & Management Reporting: Prepare and present detailed, data-driven Risk and Compliance reports for the Executive Management team and the Board Risk and Compliance Committee.
  

• Credit Risk Assessment: Collaborate with the credit and lending teams to evaluate loan portfolio quality, identify non-performing loan (NPL) trends, and optimize credit underwriting standards.
  

4. Culture & Capacity Building

• Training & Sensitization: Conduct continuous training and awareness programs for all staff levels to foster a strong internal culture of risk management and compliance.
  

• Advisory: Serve as an internal consultant to business units, advising on the risk and compliance implications of new products, services, and strategic initiatives.
  

Requirements

Experience & Education

• Minimum of 10 years of progressive experience in risk management and compliance within a Microfinance Bank (MFB), Commercial Bank, or Fintech environment.
  

• Bachelor’s degree in Finance, Accounting, Economics, Law, or a related discipline.
  

• Professional certifications such as CRMA, PRM, FRM, ACAMS, or compliance certifications from the Compliance Institute, Nigeria (CIN) are highly advantageous.
  

Core Competencies & Skills

• Regulatory Expertise: Deep understanding of the Nigerian financial services landscape, specifically CBN regulations, BOFIA, and AML/CFT/CPF guidelines.
  

• Analytical Prowess: Strong ability to interpret complex regulations and translate them into actionable internal policies and operational workflows.
  

• Credit Risk Mastery: Advanced knowledge of credit risk management, portfolio analysis, and loan recovery processes.
  

• Communication & Influence: Exceptional reporting, presentation, and analytical skills with the ability to confidently interface with Executive Management, Board members, and external regulators.