HEAD OF RISK AT SAGE-GREY FINANCE LIMITED | RISK MANAGEMENT JOBS IN LAGOS

About Company:

Sage Grey Finance Limited (“Sage Grey Finance” or “the Company”) is a finance services company incorporated in Nigeria. We are licensed and regulated by the Central Bank of Nigeria (CBN) and are integrated into the Nigerian Interbank Settlement System (NIBSS). We are members of the Finance Houses Association of Nigeria (FHAN). We offer Lending Services (Project Finance, Asset Finance, Corporate finance, Consumer Loan, etc.), Fund Management Services, Advisory Services, and other services as authorized by the Central Bank of Nigeria

Job Description:

• The Head of Risk shall be responsible for establishing, implementing, and maintaining an effective enterprise-wide risk management framework that enables the Company to identify, assess, monitor, control, and report risks arising from its business activities.
• The role shall provide independent risk oversight and guidance to Management and the Board on the Company's risk profile, risk appetite, capital adequacy, emerging risks, and the effectiveness of risk management controls.
• The Head of Risk shall ensure that risk considerations are appropriately integrated into the Company's strategy, product development, lending activities, investment decisions, operational processes, and overall business planning.

Responsibilities
Enterprise Risk Management:

• Develop, implement, and continuously improve the Company's Enterprise Risk Management (ERM) framework in line with applicable regulatory requirements and industry best practices.
• Identify, assess, measure, monitor, and report material risks across the Company's business activities.
• Maintain the Company's enterprise-wide risk register and ensure that identified risks have appropriate owners, controls, mitigation plans, and monitoring mechanisms.
• Develop and periodically review risk policies, frameworks, methodologies, procedures, and risk assessment tools.
• Establish appropriate risk indicators, thresholds, limits, and escalation mechanisms.
• Monitor emerging risks and assess their potential impact on the Company's financial and operational performance.
• Promote a strong risk management culture across all levels of the Company.

Credit Risk Management:

• Provide oversight of credit risk arising from the Company's lending and financing activities.
• Review and monitor the Company's credit risk profile, portfolio concentration, asset quality, delinquency, non-performing exposures, provisioning, and recovery trends.
• Establish appropriate credit risk parameters, limits, concentration thresholds, and portfolio monitoring mechanisms.
• Monitor adherence to approved credit policies, lending criteria, delegated authorities, and credit approval limits.
• Provide independent risk assessment on significant or high-risk credit proposals, where applicable.
• Monitor portfolio performance by product, sector, obligor, and other relevant risk segments.
• Identify trends in portfolio deterioration and recommend early intervention and remedial measures.
• Monitor large exposures, connected exposures, related-party exposures, and other concentration risks.
• Provide input into the development and review of credit products and lending policies.

Risk Appetite and Risk Framework:

• Develop and maintain the Company's Risk Appetite Framework in alignment with the company’s business strategy and capital position.
• Establish appropriate risk limits and risk tolerance levels for material risk categories.
• Monitor the Company's risk exposures against approved risk appetite and limits.
• Escalate material breaches of risk limits and recommend appropriate corrective actions.
• Provide independent risk advice to Management and the Board on strategic and business decisions.
• Support the Risk Management Committee and other relevant Board or Management committees with appropriate risk reports and analysis.
• Ensure clear documentation of risk decisions, exceptions, approvals, and risk acceptance.

Operational Risk Management:

• Identify and assess operational risks arising from people, processes, systems, technology, external events, and third parties.
• Maintain an operational risk register and monitor key operational risk indicators.
• Coordinate the identification, assessment, and mitigation of process and control weaknesses.
• Monitor operational risk incidents, losses, near misses, and recurring control failures.
• Ensure appropriate root-cause analysis and corrective actions are undertaken for significant operational incidents.
• Provide risk oversight over new systems, digital products, process changes, outsourcing arrangements, and other significant business initiatives.

Market, Liquidity and Investment Risk:

• Monitor risks arising from the Company's investment, treasury, funding, and liquidity activities.
• Monitor liquidity positions, funding concentrations, maturity mismatches, and liquidity risk indicators.
• Assess interest rate and other relevant market risks arising from the Company's financial activities.
• Provide risk input into investment decisions and the Company's funding and liquidity strategy.
• Escalate material liquidity, market, or counterparty risks to Management promptly.

Capital Adequacy, ICAAP and Stress Testing:

• Coordinate the Company's Internal Capital Adequacy Assessment Process (ICAAP)
• Assess the adequacy of the Company's capital relative to its current and projected risk profile.
• Monitor capital adequacy and provide early warning of potential capital pressures.
• Conduct or coordinate periodic stress testing and scenario analysis covering material risks.
• Assess the potential impact of adverse economic, credit, liquidity, operational, and business scenarios on the Company's capital and financial position.
• Incorporate stress-testing results into capital planning, risk appetite, and strategic decision-making.
• Recommend appropriate capital buffers and risk mitigation measures where required.

Business Continuity and Resilience:

• Provide risk oversight for the Company's Business Continuity Management and resilience framework.
• Assess risks associated with critical business processes, systems, technology, vendors, and third-party service providers.
• Review business continuity and disaster recovery arrangements in collaboration with relevant functions.
• Monitor the Company's preparedness for significant operational disruptions.
• Ensure material business continuity risks are identified, assessed, and appropriately escalated.

Products, Projects and Change Management:

• Provide independent risk assessment for new products, services, channels, systems, and significant business initiatives.
• Participate in product development and project governance to identify risks before implementation.
• Assess the risk implications of changes to lending criteria, investment products, digital platforms, processes, and operating models.
• Ensure appropriate risk controls and mitigation measures are incorporated before material initiatives are implemented.
• Monitor post-implementation risks associated with significant new products and projects.

Risk Reporting:

• Prepare periodic risk reports for Management, relevant Management Committees, and the Board.
• Develop and maintain risk dashboards covering key risk indicators, risk appetite, portfolio quality, concentrations, operational incidents, liquidity, capital adequacy, and other material risks.
• Provide timely analysis of significant changes in the Company's risk profile.
• Report breaches of approved risk limits and recommend corrective actions.
• Provide forward-looking risk analysis and highlight emerging threats to the Company's objectives.
• Ensure that risk reports are accurate, complete, timely, and sufficiently informative for decision-making.

Resources and Support:

• The Head of Risk shall serve as the Head of Department for both the ERM and Credit Risk Units, providing strategic direction, oversight, coordination, and leadership across both functions.
• Access to support functions including Finance, Treasury, Compliance, Internal Audit, Legal, Operations, Customer Service, Information Technology, Human Resources, Marketing, and other business units as required to effectively discharge the responsibilities of the Risk Department.

Key Performance Indicators

Requirements:

• Bachelor's Degree in Risk Management, Finance, Accounting, Economics, Business Administration, Statistics, Actuarial Science, or a related discipline.
• 8–10 years' relevant experience, with substantial experience in risk management within banking, finance companies, fintech, investment management, or other regulated financial institutions.
• Strong understanding of CBN prudential and regulatory requirements applicable to financial institutions.
• Demonstrable experience in enterprise risk management, credit risk, operational risk, liquidity risk, market risk, and risk governance.
• Experience developing and implementing risk management frameworks, policies, risk appetite frameworks, and risk reporting structures.
• Experience with stress testing, capital adequacy assessment, and ICAAP is highly desirable.
• Professional qualifications such as CFA, FRM, PRM, ACA, ACCA, CIMA, or other relevant professional certifications will be an added advantage.

Competencies & Attributes:

• Strong knowledge of enterprise risk management principles and financial institution risk frameworks.
• Strong understanding of credit risk assessment and portfolio risk management.
• Sound knowledge of regulatory requirements and corporate governance principles.
• Strong analytical, quantitative, and problem-solving skills.
• Excellent risk reporting, presentation, and communication skills.
• Ability to independently challenge business decisions from a risk perspective.
• Strong understanding of risk appetite, risk limits, stress testing, and capital adequacy.
• Proficiency in Microsoft Excel, Power BI, risk management systems, and data analytics tools.
• Strong attention to detail and ability to identify trends, exceptions, and emerging risks.
• Excellent stakeholder management and influencing skills.
• Ability to communicate complex risk issues clearly to Management and the Board.
• High level of integrity, objectivity, independence, confidentiality, and professional judgment.
• Strong leadership and people-management capabilities.
• Ability to operate effectively in a dynamic and highly regulated financial environment.

Salary

Application Closing Date: 10th September, 2026

Application Instructions:

Candidates should send theirA pplication and resume to: careers@sage-grey.com using the job title as the subject of the email.