Risk and Compliance Officer at Workforce Group

Full Time
Lagos
Posted 2 years ago
Applications have closed
Workforce Group profile

Workforce Group

Risk and Compliance Officer at Workforce Group. Please ensure you read the job requirements before applyin for this position.

Workforce Group is a Management Consulting and Outsourcing Professional Services Firm. Following its inception in July 2004, Workforce Management Centre Limited (Workforce) has built an enviable reputation as the leading indigenous management and professional services consulting firm in Nigeria. Drawing from its Deep Domain Expertise, in the area of organizational effectiveness and employee performance, the Company is positioned to assist businesses across diverse sectors of the economy in their quest to create sustainable value for their stakeholders.

We are recruiting to fill the position below:

Job Title: Risk and Compliance Officer

Location: Lagos, Nigeria
Job type: Full Time
Reports to: Head Risk
Grade Level: Senior Banking Officer 2

Job Purpose

As a Risk and Compliance Officer, you will ensure that credit risk indicators and early warning signs of credit delinquency are monitored proactively.
You are required to make recommendations for actions to be taken to ameliorate the situation and ensure it is acted upon.
The position is expected to positively impact the Bank’s NPL ratio over a given time frame with the goal of minimizing bad loans.

Key Duties & Responsibilities

Credit Risk Function:

Developing and communicating organizational policy and information about the risk management program to all staff
Develop, enhance, and implement appropriate risk management policy, procedures, and systems
Evaluate all loans before disbursement and monitor daily loan portfolio report
Work with risk owners to ensure that the risk management processes are implemented in accordance with agreed risk management policy, strategy, and line of defense
Review risks and risk ratings of each department and support each department in developing risk mapping
As part of the credit committee of the Bank, participate in the review of creditworthiness and risks associated with potential business transactions with appropriate tools and models, with a view to providing mitigants to identified risks
Support the commercial team in negotiating workout plans and strategies for delinquent customers
Review and analyse the delinquent portfolio to identify key causal factors and lessons, make recommendations to senior management for approval and track them to ensure adequate and timely closure
Follow-up and advise management regularly on the performance of exceptional loan files such as restructured loans and group exposure (delinquent loans & unsecured loans
Be actively involved in refresher and inception training on lending organised by the HR Department
Keep abreast with all government legislations and CBN policies/circulars that may affect operations and advise management on it
Identify and limit the risk associated with the Bank’s operations (Operational risks)
Assessment of business operation to mitigate possible risks
Perform operational risk identification and assessment in business units (departments)
Implement strategic plan to prevent, eliminate and mitigate operational risks
Periodic compilation of Risk Assessment Report and presenting same to management
Monthly preparation of Portfolio Quality Report (PQR)