Head, Risk Analytics – Nigeria

JOB PURPOSE (S)

The Risk Analytics team provides tools, analysis and support for the business divisions within the Group; to identify and measure risk, optimize risk prevention and mitigate losses. The candidate will be responsible for a team whose sole responsibility is the development of all methodological aspects of risk management.

DUTIES & RESPONSIBILITIES

Development of methodologies for rating & scoring including decision analytics, portfolio modeling for all risk types across the group( VaR and economic capital – REGULATORY CAPITAL IS NOT CURRENTLY APPLICABLE)

Development of exposure methodologies and the calibration & validation of the respective risk parameters

Development and management of applications and tools for capital planning, stress testing, Raroc, portfolio optimization etc.)

Development of new scoring methodologies and extended use of sophisticated statistical methods for credit risk ;Data analysis on defaulted customers and modeling of recoveries

Analytical support of portfolio management units in the risk assessment of sub-portfolios

Development and validation of expert rating models (rating sheets)

Capital planning: extension and maintenance of planning tools; support of the annual group-wide capital planning process

Risk adjusted return on capital (RaRoC) calculations: extension and maintenance of the RaRoC pricing/performance Tools RPT and Client RaRoC; regular RaRoC calculations

Portfolio management tools: establishment of a risk appetite grid and a portfolio optimization framework

Stress Testing:

Definition of integrated scenarios for financial (market and liquidity), credit, operational, business risk and develop the different approaches into one unified framework

Identification of risk drivers and their stress impact

Analysis of stress test results and communication with relevant stakeholders i.e. Business Units, Risk Management units, Finance (Treasury and Capital Management)

Establishment of a reporting engine that allows ready and efficient result dissemination

KEY PERFORMANCE INDICATORS

Identify and Quantity operational risks across the group

Developed Weighted Average Risk Rating and begin to measure

Implement Risk Reporting on Operational Risks across the group

Fully developed CSRA program group-wide

Working KRI program group-wide

Identify and Quantity operational risks across the group

Developed Weighted Average Risk Rating and begin to measure

Implement Risk Reporting on Operational Risks across the group

Fully developed CSRA program group-wide

Working KRI program group-wide

Timeliness in meeting deadlines and schedules

JOB REQUIREMENTS

Education

Minimum Education: Master’s degree or higher in a strongly technical degree (e.g. Mathematics, Statistics, Physics, Computer Science, engineering).

Experience

Minimum experience – 10 years working experience with a minimum of 5 years experience in financial mathematics, ideally in the field of statistics, probability or structured finance

Experience working in an R&D or entrepreneurial environment, particularly on a development team

KEY COMPETENCY REQUIREMENTS

Knowledge

Proficiency in MS Office suite (Excel, Word, PowerPoint, Access)

At least one programming language: C, C++, Matlab, Java, Mathematica, SAS, VBA

Strong understanding of Risk Management principles

Skill/Competencies

Ability to thrive in uncertain environment

Experience with analysis of raw data, ability to discern patterns and determine optimal areas of inquiry based on analysis of raw data

Professional Excel plus experiences with relevant software packages, ideally SAS, VBA,

C++, SQL, MS Access

Excellent written and Communication skills (written and oral)

Strong analytical skills & proven ability to solve problems independently

Attention to detail

REPORTING RELATIONSHIPS

Functionally reports

Group Chief Risk Officer