Head of Risk, Audit & Compliance

About the role

The Bank is seeking an experienced Head of Risk, Audit & Compliance to design, implement and oversee its enterprise risk management, internal audit and regulatory compliance frameworks. Reporting to the MD/CEO and working closely with the CFO and Head of Operations, the role ensures safe, profitable operations in line with CBN guidelines and prepares the institution for a future National MFB licence.

Key responsibilities

• Develop and maintain the Risk Management Framework, risk appetite statement and enterprise risk register aligned with CBN MFB and Prudential Guidelines.
• Identify, assess and monitor credit, operational, liquidity, market, compliance, strategic and reputational risks across all branches and business lines.
• Conduct periodic stress testing and scenario analysis for growth initiatives and present findings to senior management and the Board Risk Committee.
• Maintain credit risk policies, underwriting standards, concentration limits and provisioning processes in compliance with CBN regulations.
• Design and execute a risk‑based internal audit plan covering branches, business lines and support functions, reporting findings to the Board Audit Committee.
• Perform audits of financial controls, credit processes, branch operations, IT systems and regulatory compliance.
• Track audit findings, ensure timely remediation and support external audits and CBN examinations.
• Monitor full regulatory compliance with CBN MFB Guidelines, BOFIA 2020, AML/CFT regulations, KYC/CDD requirements, Consumer Protection Framework and NDPA 2023.
• Act as the Bank’s Compliance Officer and AML/CFT Reporting Officer, overseeing CDD, EDD and sanctions screening.

Required profile

• Proven experience leading risk, audit and compliance functions within a microfinance or banking environment.
• Strong knowledge of CBN MFB Guidelines, Prudential Guidelines, BOFIA 2020, AML/CFT regulations and related Nigerian legislation.
• Ability to collaborate with senior executives and support Board Risk and Audit Committees.
• Demonstrated capability to develop scalable risk frameworks and audit plans for future national licensing.

Required skills