Mactay Consulting Recruitment for Assistant Manager, Risk Management

We are recruiting to fill the position below:

Job Title: Assistant Manager, Risk Management

Location: Port Harcourt, Rivers
Employment Type: Full-time

Job Description

• This position will liaise with stakeholders for the development and review of the risk management policies and procedures to mitigate threats, reduce or transfer risks, and/or mitigate the effects of those which are essentially unavoidable.

Roles/Responsibilities

• Document and assess risks in a variety of sections for the development and review of risk management policies and procedures.
• Assist in the development of Key Risk Indicators (KRIs) for identified processes, products, and services.
• Coordinate the implementation of a robust risk management process for the group
• Support business units through the promotion of risk awareness, development of risk profiles, mitigation of risks, and effective implementation of agreed action plans.
• Monitors and ensure compliance to established Organization-wide Risk Appetite as well as for other levels or specific business sections
• Implement the group’s risk management, HSE, compliance objectives, and strategies.
• Monitor and assess operational risk via Heat Map analysis for Risk and Control Self-
• Assessment (RCSA), control self-assessments, and Key Risk Indicators (KRI).
• Assist to develop a Business Continuity Management framework for the group
• Conduct an initial review of all contracts, MOUs, agreements, and all documentation
• Assist supervisor to oversee the process of documenting and updating existing business processes across the Group
• Perform regular checks on the completeness and adequacy of business processes for all company operations
• Perform a regular process Risk assessment to identify emergent risks
• Make recommendations on risk mitigating measures for company-wide processes
• Review the performance of financial service providers on a regular basis
• Prepare recommendations for cost optimization on a regular basis
• Review projected and actual revenue/profit on significant transactions.

Qualifications and Requirements

• Minimum of Bachelor’s Degree / HND (Second Class Upper) / Upper Credit in any Social Sciences, Humanities, or a related discipline.
• Relevant professional certifications e.g. Certification in Risk Management Assurance (CRMA),
• Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), etc
• A relevant postgraduate degree
• Minimum of 8 years relevant experience in risk management and reporting, out of which 4 years must have been in an insurance company
• Experience in financial services, specifically operations or audit
• Knowledge of operational risk best practices
• Good knowledge of operational risk measurement methodologies
• Knowledge of Investment / Portfolio Management, Assets & Liabilities Management, and financial analysis/interpretation will be an added advantage.