Risk Manager
Location: Ikeja, Lagos
About the Role
- We are seeking an experienced and highly analytical Risk Manager to lead the identification, assessment, monitoring, and mitigation of risks across our fintech operations.
- The ideal candidate will play a critical role in safeguarding the company’s financial health, regulatory compliance, operational resilience, and reputation while supporting sustainable business growth.
- The Risk Manager will collaborate closely with Product, Credit, Compliance, Operations, Technology, Finance, and Executive Leadership teams to develop and implement a robust enterprise risk management framework aligned with industry best practices and regulatory requirements.
Key Responsibilities
Enterprise Risk Management:
- Develop, implement, and continuously improve the company’s risk management framework, policies, and procedures.
- Identify, assess, monitor, and mitigate key business risks across operational, financial, strategic, technological, cyber, compliance, and reputational areas.
- Maintain and update the enterprise risk register and risk appetite framework.
- Conduct periodic risk assessments and present findings to senior management.
Credit & Lending Risk:
- Evaluate and monitor credit risk exposures across lending and BNPL portfolios.
- Analyze portfolio performance, default trends, delinquency rates, and loss metrics.
- Recommend risk-based strategies to improve portfolio quality and reduce losses.
- Work with Credit, Collections, and Data teams to strengthen underwriting and risk scoring methodologies.
Operational Risk:
- Establish controls to minimize operational losses and process failures.
- Investigate operational incidents and recommend corrective actions.
- Monitor key risk indicators (KRIs) and ensure timely reporting.
Fraud Risk Management:
- Develop and implement fraud prevention and detection strategies.
- Monitor transaction patterns and emerging fraud trends.
- Collaborate with Technology and Security teams to strengthen fraud monitoring systems.
- Lead investigations into suspected fraud cases and coordinate resolution efforts.
Regulatory Compliance & Governance:
- Ensure adherence to applicable regulatory requirements and industry standards.
- Work closely with Compliance teams on regulatory audits and examinations.
- Monitor regulatory developments and assess potential impacts on business operations.
- Support policy reviews and governance initiatives.
Reporting & Stakeholder Management:
- Prepare risk reports, dashboards, and presentations for Executive Management and Board Committees.
- Provide insights and recommendations on risk exposure and mitigation strategies.
- Support strategic decision-making through risk analysis and scenario planning.
Business Continuity & Resilience:
- Support the development and testing of Business Continuity Plans (BCP) and Disaster Recovery Plans (DRP).
- Ensure operational resilience frameworks are maintained and regularly reviewed.
Key Performance Indicators (KPIs)
- Portfolio Loss Rate
- Fraud Loss Reduction
- Risk Incident Resolution Time
- Regulatory Compliance Score
- Operational Risk Event Frequency
- Audit Findings Closure Rate
- Risk Assessment Completion Rate
- Business Continuity Readiness Score.
Requirements|
Education:
- Bachelor’s Degree in Finance, Economics, Accounting, Business Administration, Risk Management, Mathematics, Statistics, or a related field.
- Master’s degree is an added advantage.
Experience:
- 5–8 years of progressive experience in Risk Management, Credit Risk, Enterprise Risk, Audit, or Compliance within a Fintech, Digital Lending, Banking, Financial Services, or Payment Services environment.
- Demonstrated experience managing lending, BNPL, payment, or digital financial products.
- Strong understanding of fintech regulatory requirements and risk governance practices.
Technical Skills:
- Strong knowledge of Enterprise Risk Management (ERM) frameworks.
- Experience with credit risk assessment and portfolio analytics.
- Understanding of fraud risk management and transaction monitoring.
- Strong analytical and data interpretation skills.
- Advanced proficiency in Microsoft Excel, Power BI, SQL, or similar analytical tools.
- Familiarity with regulatory standards, AML/CFT controls, and data protection requirements.
Professional Certifications (Preferred):
- Certified Risk Management Professional (CRMP)
- Financial Risk Manager (FRM)
- Professional Risk Manager (PRM)
- Certified Internal Auditor (CIA)
- Chartered Financial Analyst (CFA)
- Relevant compliance or governance certifications
Core Competencies:
- Strategic Thinking
- Risk Assessment & Mitigation
- Analytical Problem Solving
- Attention to Detail
- Stakeholder Management
- Leadership & Team Collaboration
- Decision Making
- Regulatory Awareness
- Communication & Presentation Skills
- Integrity & Professional Judgment.
Application Closing Date
Not Specified.
How to Apply
Interested and qualified candidates should send a short note on why you are a good fit and your salary expectations to: hiring@strivolabs.com, using the job title as the subject of the email.