Job Title: Chief Risk Officer
Job Summary: The Ideal candidate is responsible for safeguarding our financial and operational
integrity through enterprise risk management (ERM), internal controls, and compliance
frameworks. This role ensures adherence to SEC/NGX regulations, mitigates risks in dividend
processing, corporate actions, and shareholder data management, and drives a culture of risk
awareness across the organization.
Responsibilities:
1. Risk Management & Compliance
- Implement and monitor the Enterprise Risk Management (ERM) Framework, ensuring
alignment with SEC/NGX capital market regulations.
- Conduct Risk and Control Self-Assessments (RCSA) and stress tests for dividend payments,
unclaimed shares, and proxy voting and other scenarios as needed.
- Lead the Internal Capital Adequacy Assessment Process (ICAAP), ensuring sufficient capital
buffers to cover potential losses and optimize capital allocation.
- Oversee and coordinate external rating processes across entities, ensuring accurate
independent risk assessments and improvements to risk rating processes.
- Collaborate with Group and the ecosystem on product risk assessments and Group-wide risk
management strategies and initiatives.
- Leverage industry best practices to enhance our risk management framework.
- Advocate for a culture of informed risk-taking and promote advanced risk management
practices through training and coaching.
- Ensure 100% compliance with IT policies, data security protocols, and SLA standards for
registrar operations.
2. Internal Controls & Process Optimization
- Design and enforce internal control policies for corporate actions (IPOs, rights issues, bonus
shares) and financial transactions.
- Review GL accounts, bank reconciliations, and dividend warrant caution notices to prevent
fraud/errors.
- Oversee fixed asset management and database backups for audit readiness.
3. Regulatory & Audit Coordination
- Lead interactions with SEC, CBN, and internal auditors to resolve findings and implement
corrective actions.
- Ensure timely filing of regulatory returns (monthly/quarterly) and ICAAP documentation.
- Monitor vendor SLAs and third-party risks (e.g., CSCS e-lodgments, banker confirmations).
4. Stakeholder & Team Leadership
- Train business units on risk culture and first-line defense accountability.
- Present Quarterly Risk Reports to the Board Audit Committee.
- Drive innovation (e.g., automation of dividend reissuance within 12 hours).
Requirements
Technical Competencies
- Expertise in registrar risks: corporate actions, unclaimed dividends, SEC/NGX compliance.
- Proven expertise in enterprise risk management including credit, market, counterparty,
investment, market, liquidity operational risk.
- Proficiency in ERM frameworks, COSO, and fraud detection techniques.
- Strong understanding of Registrars Operations, Process & Project Management
- Knowledge of IT controls, data security, and financial regulations (CBN, SEC).
- Advanced skills in audit management and risk reporting tools.
Behavioral Competencies
- High ethical standards and independence in risk oversight.
- Strategic thinker with problem-solving agility.
- Leadership presence to influence cross-functional teams.
- Attention to detail for process and documentation reviews.
Education & Experience
- Bachelor’s/Master’s degree in Accounting, Finance, or related field.
- Professional certification (ACA, ACCA, CIA, CISA) required.
- Professional certification in risk management (FRM, CRM)
- 10+ years in risk/internal control, with 5+ years in registrar/capital markets.
Job Type: Full-time