About the Role
Victory Empowerment Centre utilizes a sustainable group lending methodology to empower members through self-selected community structures. We are currently seeking a detail-oriented and analytical Risk Officer to identify, assess, monitor, and manage risks across our credit, financing, operations, and compliance activities. In this role, you will play a critical part in safeguarding our financial assets, ensuring regulatory compliance, and supporting our mission of economic empowerment.
Key Responsibilities- Identify and assess financial, credit, operational, compliance, and reputational risks across all business activities.
- Conduct thorough risk assessments for clients, transactions, and new microfinance or lending products.
- Monitor loan and financing portfolios closely to identify early warning signs of default or distress.
- Evaluate internal controls regularly and recommend practical improvements to mitigate exposure.
- Track key risk indicators and actively follow up on necessary corrective actions.
- Support regulatory compliance efforts, internal audits, external inspections, and periodic reviews.
- Prepare comprehensive periodic risk reports for senior management decision-making.
- Maintain an accurate risk register and detailed records of operational incidents and mitigation steps.
- Contribute to the continuous development and review of institutional risk policies and procedures.
- Monitor emerging industry risks and provide sound risk-related advice to management.
- Bachelor Degree or HND in Risk Management, Finance, Accounting, Economics, Business Administration, Banking and Finance, Statistics, or a related discipline.
- 2 to 4 years of proven relevant experience in risk management, credit analysis, financial services, internal control, audit, or regulatory compliance.
- Prior experience in a microfinance bank, lending institution, financial cooperative, or similar Nigerian financial organization is a distinct advantage.
- Strong credit appraisal and financial analysis skills with a sharp eye for detail.
- Solid understanding of internal control frameworks and relevant Nigerian financial regulatory requirements.
- Proficiency in Microsoft Office Suite, with advanced capability in Microsoft Excel.
- Exceptional analytical, communication, documentation, and problem-solving abilities.
- High level of professional integrity, discretion in handling confidential information, and sound judgment.
- Competitive and negotiable salary aligned with industry standards.
- Opportunities for professional development and career advancement within the financial sector.
- Dynamic, impact-driven work environment focused on community economic empowerment.