Risk Manager at Source Microfinance Bank

Job Description

Source Microfinance Bank is seeking an experienced Risk Manager to oversee enterprise-wide risk management, credit risk monitoring, operational risk controls, regulatory compliance, and business continuity processes. The ideal candidate will possess strong analytical skills, a solid understanding of banking regulations, and experience managing risks within a financial institution, particularly in a digital banking environment.

Location: Lagos
Job Type: Full Time

Key Responsibilities

• Develop, implement, and maintain the Bank’s Enterprise Risk Management (ERM) Framework.
• Identify, assess, monitor, and report existing and emerging risks across the organization.
• Coordinate periodic risk assessments, risk reviews, and maintain the Bank’s Risk Register.
• Monitor the quality and performance of the loan portfolio, including delinquency trends, PAR, write-offs, and concentration risks.
• Conduct independent reviews of credit proposals and recommend appropriate risk mitigation measures.
• Identify operational risk exposures arising from processes, systems, personnel, and external events.
• Conduct Risk and Control Self-Assessments (RCSA) and support the implementation of effective internal controls.
• Prepare risk reports for Management, Board Committees, regulators, and other stakeholders.
• Track Key Risk Indicators (KRIs), monitor risk limits, and escalate breaches when necessary.
• Ensure compliance with CBN regulations, prudential guidelines, and relevant industry standards.
• Support regulatory examinations, audits, and implementation of regulatory recommendations.
• Coordinate Business Continuity Management (BCM) activities, disaster recovery planning, and information security risk assessments.
• Conduct risk awareness training and promote a strong risk culture across all levels of the organization.

Requirements

• Minimum of 5–8 years of experience in Risk Management, Credit Risk, Internal Control, Audit, Compliance, or a related function.
• Experience performing similar responsibilities within a digital banking environment.
• Strong understanding of digital loan products, including sales, collections, and delinquency management.
• CIBN (MCP) certification is important. Relevant professional certifications will be an added advantage.
• Candidates without the required certification must be willing to obtain it within the first year of employment.
• Previous experience within a financial institution and sound knowledge of CBN ratios, standards, reporting requirements, and regulatory guidelines.
• Proficiency in Microsoft Office applications, accounting software, and core banking solutions.
• Startup experience is an advantage but not mandatory.
• Excellent verbal and written communication, presentation, and stakeholder management skills.
• Strong knowledge of credit risk assessment, lending principles, and financial analysis.