Risk Analyst at ARM Life Plc

ARM is a leading group of companies situated in Nigeria with branches scattered across the country. Arm Life is the insurance subsidiary of Asset & Resource Management Company Ltd (ARM). Its parent company, ARM is one of the largest non bank financial services firms in Nigeria with a focus on asset management of quoted equities and fixed income securities.

We are recruiting to fill the position below:

Job Title: Risk Analyst

Location: Lagos

Job Summary

  • Assisting in identifying, analyzing, managing and preventing risks in the Firm’s existing and new businesses, products, operating models and developing/enhancing controls to prevent risk.
  • Assisting in managing enterprise-wide risks through the design and implementation of business-specific frameworks and best practice policies and procedures.

Principal Duties and Responsibilities

  • Engage in day-to-day identification, measurement and reporting of risk positions.
  • Continuous identification of likely risk areas and recommending remedial actions to address such exposures.
  • From time to time, work with the Internal Audit team to assess compliance of the business unit with corporate policies, internal procedures, and key regulations governing unit’s activities.
  • Review audit reports to identify risk areas across the organisation.
  • Assist businesses in defining relevant business practices, both at the strategic and operational levels, that would assist businesses in carrying out their operations in a manner that supports them staying within defined risk appetite.
  • Ensure prompt reporting of risk exposures/positions and provide advice on possible resolution of critical issues.
  • Prepare monthly asset and liability management reports and periodic ALCO related report and data analysis from time to time.
  • Monitor credit risk exposures and provide periodic credit risk reports.
  • Generate and disseminate market & investment risk position reports including compliance exception reports.
  • Carry out operational risk management analysis and resolution, as may be required from time to time.
  • Facilitate strategic risk assessment sessions with key business units and compile risk register and risk matrix for dissemination to attendees.
  • Design and review risk policies and framework.
  • Ensure smooth implementation of defined risk policies.
  • Ensure continuous improvement to risk policies, procedures and methodologies.
  • Engage in risk management training, workshops, town hall meetings and other form of risk awareness sessions for staff members.
  • Prepare necessary risk disclosure reports, such as IFRS 7 reports, as well as other reports that might be required by key stakeholders from time to time.
  • Prepare risk reports for individual risk areas as well as aggregated position for internal stakeholders, such as Senior Management and Unit Heads.

Minimum Qualifications:

  • Between One (1) to three (3) years of relevant experience in the financial services sector.
  • First degree in Business, Accounting or other finance related discipline.
  • A professional qualification or a master’s degree would be an added advantage.

Competency and Skills Requirements:

  • Knowledge of the local and global financial service industry dynamics including regulations, legislations and operating environment.
  • Understanding of risk and return, indicators and risk management techniques as well as trading and pricing derivatives.
  • Ability to apply technical aspects of financial services regulation to practical business scenarios.
  • Knowledge of market risk concepts; knowledge of financial, systems and process audit.
  • Good financial accounting and budgeting skills.
  • Understanding of non-bank financial service operations, policies and procedures.
  • Problem solving and analytical abilities inclusive of statistics, data analysis and technical skills
  • Experience with automated financial systems, including a general ledger and financial reporting software (such as Oracle, Bloomberg, Hi-port etc)
  • Good knowledge of MS Excel as an analytical tool and other MS Office Applications, including macro driven processes
  • Integrity and good decision-making ability.
  • Exceptional attention to detail.
  • Good communication, interpersonal, presentation and facilitation skills.
  • Self motivated with a strong drive, and commitment to achieving agreed objectives.

Application Closing Date
Not Specified.

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