Head of Risk, Audit & Compliance

Head of Risk, Audit & Compliance

We are a team of professionals with a combined experience of over 50 years, dedicated to helping our clients advance their cause.

Head of Risk, Audit & Compliance Job Type: Full Time Qualification: BA/BSc/HND, Professional Certificate Experience: 7 - 8 years Location: Enugu Job Field: Finance / Accounting / Audit Salary Range: Above ₦1,000,000/month

The Company is seeking an experienced Head of Risk, Audit, and Compliance to lead the design, implementation, and oversight of the Bank's enterprise risk management, internal audit, and regulatory compliance frameworks. The successful candidate will ensure that the Bank operates safely, profitably, and in strict adherence to CBN Guidelines for MFBs and all applicable Nigerian laws. Central to this mandate is the development of scalable structures and controls required to support the Bank's strategic transition to a National MFB license within the next five years. This role involves close collaboration with the MD/CEO, CFO, and Head of Operations, while providing essential support to the Board Risk and Audit Committee.

Key Responsibilities

• Develop and maintain the Risk Management Framework, risk appetite statement, and enterprise risk register in line with CBN MFB Guidelines and Prudential Guidelines, ensuring scalability for National license operations.
• Identify, assess, and monitor key risks — credit, operational, liquidity, market, compliance, strategic, and reputational — across all branches and business lines.
• Conduct periodic stress testing and scenario analysis on growth, branch expansion, and new product initiatives; present findings and recommendations to Management and the Board Risk Committee.
• Maintain credit risk policies covering underwriting standards, concentration limits (by product, sector, geography, and obligor), portfolio quality monitoring (PAR, NPLs, roll rates, recoveries), and CBN-compliant provisioning and write-off processes.
• Develop and implement a risk-based internal audit plan covering all branches, business lines, and support functions; ensure independent, objective execution and timely reporting of findings to Management and the Board Audit Committee.
• Conduct periodic audits of financial controls, credit processes, branch operations, IT systems, and compliance with internal policies and CBN regulations.
• Track and report on the status of all audit findings; ensure management responses are adequate and that agreed remediation actions are implemented within committed timelines.
• Support external audits and CBN examination processes, coordinating management responses and driving timely closure of all findings.
• Monitor and ensure full compliance with all applicable regulatory requirements including CBN MFB Guidelines, Prudential Guidelines, BOFIA 2020, AML/CFT Regulations, KYC/CDD requirements, CBN Consumer Protection Framework, and NDPA 2023.
• Act as the Bank's designated Compliance Officer and AML/CFT Reporting Officer, overseeing Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), sanctions screening, transaction monitoring, and filing of STRs and CTRs to the NFIU.
• Coordinate all CBN regulatory examinations and inspections; ensure timely, accurate regulatory reporting and proactive closure of all regulatory findings.
• Proactively track and prepare for National MFB license requirements covering risk governance, capital adequacy, and enhanced compliance standards.
• Design and maintain a standardized internal control framework replicable across all existing and new branches.
• Develop, update, and enforce risk, compliance, and operational policies, SOPs, and process manuals.