Enterprise Risk Management Officer

Who we are

Moniepoint is Africa's all-in-one financial ecosystem, empowering businesses and their customers with seamless payment, banking, credit, and management tools. In 2023, we processed $182 billion and are Nigeria’s largest merchant acquirer.

About the role
The Enterprise Risk Management (ERM) Officer is responsible for designing, implementing, and overseeing Moniepoint Microfinance Bank Ltd’s Enterprise Risk Management framework to ensure effective identification, assessment, monitoring, and mitigation of risks across the Bank. The role provides strategic risk oversight, supports informed decision-making, and ensures alignment with the Bank’s risk appetite, regulatory requirements, and long-term business objectives.

Curious about what makes Moniepoint an incredible place to work? Check out posts on how we cultivate a culture of innovation, teamwork, and growth.

Key Responsibilities

Enterprise Risk Strategy & Governance

• Develop and maintain the Bank’s Enterprise Risk Management (ERM) Framework in line with CBN guidelines, international best practices, and the Bank’s strategic objectives.
• Define and operationalize the Bank’s Risk Appetite Statement (RAS) and ensure its integration into business planning and decision-making.
• Provide independent risk oversight and challenge to business units and senior management.
• Serve as a key advisor to Executive Management and the Board on enterprise-wide risk exposures and emerging risks.
• Support the Board Finance, Audit and Risk Committee (FARCo) with comprehensive enterprise risk reports.

Risk Identification, Assessment & Aggregation

• Oversee periodic Risk and Control Self-Assessments (RCSA) across all business units.
• Identify, assess, and aggregate risks across key risk categories including:
• Strategic risk
• Operational risk
• Credit risk
• Market and liquidity risk
• Compliance and regulatory risk
• Technology, cyber, and fintech integration risks
• Maintain and continuously update the Bank’s enterprise risk register.
• Ensure consistent risk taxonomy, scoring methodology, and documentation across the organization.

Risk Monitoring, KRIs & Reporting

• Develop and monitor Key Risk Indicators (KRIs) aligned with the Bank’s risk appetite.
• Track risk incidents, losses, near misses, and emerging risk trends.
• Ensure timely escalation of risk appetite breaches and high-risk issues.
• Prepare and present enterprise risk reports to:
  • Chief Risk Officer
  • Executive Management
  • Board Finance, Audit and Risk Committee (FARCo)

Stress Testing, Scenario Analysis & Capital Adequacy

• Lead enterprise-wide stress testing and scenario analysis exercises.
• Assess the impact of adverse scenarios on capital, liquidity, earnings, and operational resilience.
• Support Internal Capital Adequacy Assessment Process (ICAAP) and liquidity risk assessments (where applicable).
• Provide risk inputs into strategic planning, budgeting, and new product approvals.

Risk Policies, Frameworks & Integration

• Contribute to the development, review, and maintenance of enterprise risk policies, frameworks, and procedures.
• Ensure risk management is embedded into:
• New product development
• Business expansion initiatives
• Technology deployments and system integrations
• Agent banking and digital channels

• Coordinate with Credit Risk, Operational Risk, Internal Control, Compliance, and Internal Audit to ensure a cohesive risk management approach.    

Regulatory Compliance & Stakeholder Engagement

• Ensure full compliance with applicable CBN regulations, supervisory expectations, and risk management guidelines for MFBs.
• Act as the primary liaison for enterprise risk matters during regulatory examinations and audits.
• Oversee the tracking and closure of regulatory and audit findings related to risk management.
• Maintain effective relationships with regulators, auditors, and external stakeholders.

Risk Culture, Training & Leadership

• Build and lead a high-performing ERM team with clear roles, accountability, and development plans.
• Promote a strong risk culture emphasizing ownership, accountability, and ethical conduct.
• Drive enterprise-wide risk awareness and training programs.
• Encourage proactive risk identification and transparent escalation across the organization.

Key Performance Indicators (KPIs)

• Completeness and effectiveness of the ERM framework and risk reporting
• Timeliness of risk identification and escalation
• Compliance with risk appetite and regulatory requirements
• Closure rate of risk and audit issues
• Strengthen of risk culture across the Bank

Required Qualifications & Experience

Education

• Bachelor’s degree in finance, Accounting, Economics, Business Administration, Risk Management, or related field
• Master’s degree (MBA, MSc) is an advantage

Professional Certifications (Preferred)

• FRM, PRM, CRISC, ACA, ACCA, or equivalent

Experience

• Minimum of 10–12 years’ experience in risk management, internal control, audit, or compliance within banking, fintech, or financial services
• At least 5 years in a senior or leadership role

• Strong exposure to enterprise-wide risk frameworks and regulatory engagement

Core Competencies & Skills

• Deep understanding of enterprise risk management and CBN regulatory framework
• Strong strategic, analytical, and problem-solving skills
• Excellent communication, presentation, and stakeholder management abilities
• High integrity, independence, and professional judgment
• Ability to operate effectively in a fast-paced, technology-driven environment

What we can offer you

• Culture - We put our people first and prioritise the well-being of every team member. We’ve built a company where all opinions carry weight and where all voices are heard. We value and respect each other and always look out for one another. Above all, we are human.
• Learning - We have a learning and development-focused environment with an emphasis on knowledge sharing, training, and regular internal technical talks.
• Compensation - You’ll receive an attractive salary, pension, health insurance, annual bonus, plus other benefits.

What to expect in the hiring process

• A preliminary phone call with one of our recruiters.
• A panel interview 
• An executive interview with the Chief Risk Officer
• A technical interview with our CEO