Risk Manager

JOB DESCRIPTION – RISK MANAGER

Job Title: Risk Manager

Department: Risk Management / Finance & Strategy

Reports To: Head of Finance

Location: Lagos, Nigeria

Job Purpose

The Risk Manager is responsible for identifying, assessing, monitoring, and managing financial, operational, strategic, compliance, project, and other business risks that may affect the Company. The role supports Management in making informed decisions, strengthening internal controls, protecting Company assets, and promoting a proactive risk-management culture.

Key Responsibilities

Develop, implement, and maintain the Company’s risk management framework, policies, procedures, and processes.

Identify and assess existing and emerging risks across the Company’s operations, projects, investments, finances, people, processes, and external environment.

Maintain and regularly update the Company’s risk register, including risk owners, risk ratings, mitigation measures, and action plans.

Develop appropriate risk assessment methodologies, tools, and reporting mechanisms.

Monitor identified risks and ensure that agreed mitigation and corrective actions are implemented within established timelines.

Work with Heads of Departments to identify departmental risks and establish appropriate controls and mitigation measures.

Assess financial risks relating to cash flow, investments, credit, receivables, expenditure, contracts, and other financial activities.

Assess risks associated with real estate transactions, land documentation, property development, contractors, suppliers, customers, and other project-related activities.

Review proposed projects, investments, contracts, and major business decisions from a risk perspective and provide Management with relevant findings and recommendations.

Monitor operational processes to identify control weaknesses, inefficiencies, potential losses, fraud risks, and other exposures.

Support the development and review of internal controls and recommend improvements where weaknesses are identified.

Monitor compliance-related risks and work with relevant departments to ensure applicable laws, regulations, policies, and Company procedures are considered in business activities.

Investigate or support the investigation of significant incidents, losses, control breaches, suspected fraud, and other risk events as directed by Management.

Monitor risk indicators and establish appropriate Key Risk Indicators (KRIs) for critical areas of the business.

Prepare periodic risk reports for Management, highlighting significant risks, trends, control gaps, mitigation activities, and outstanding risk actions.

Escalate significant or emerging risks to the appropriate level of Management promptly.

Coordinate with Finance, Legal, Projects, HR, Customer Service, Sales & Marketing, Procurement, and other departments on risk-related matters.

Support business continuity and contingency planning and contribute to the Company’s preparedness for significant disruptions.

Monitor insurance coverage and identify areas where additional or revised risk protection may be required, in liaison with Management and relevant advisers.

Support the prevention and management of financial and operational losses through effective risk identification and control.

Conduct periodic risk reviews and assessments of key business processes and projects.

Promote risk awareness and accountability across the organisation through training, communication, and engagement with employees and departmental heads.

Ensure risk management documentation is properly maintained, controlled, and readily available for Management review and audit purposes.

Support the Company’s ISO/QMS requirements by identifying risks and opportunities, monitoring mitigation actions, and maintaining appropriate risk-related records.

Participate in internal and external audits and assist with the implementation and monitoring of agreed corrective and preventive actions.

Review the effectiveness of existing risk controls and recommend improvements based on identified gaps, incidents, changes in the business, or emerging risks.

Maintain confidentiality of sensitive business, financial, operational, and risk-related information.

Perform other risk management and related duties as may reasonably be assigned by Management.

Work Location: In person