PalmPay is an Africa-focused fintech firm, launched in 2019. PalmPay is a mobile payments platform that offers a number of financial services.
We are recruiting to fill the position below:
Job Position: Risk Manager
Job Location: Opebi, Ikeja, Lagos
Employment Type: Full Time
Key Duties and Responsibilities
Conduct assessments to define and analyze possible risks
Evaluate the gravity of each risk by considering its consequences
Audit processes and procedures
Develop risk management controls and systems
Design processes to eliminate or mitigate potential risks
Create contingency plans to manage crises
Evaluate existing policies and procedures to find weaknesses
Prepare reports and present recommendations
Help implement solutions and plans
Evaluate employees’ risk awareness and train them when necessary
Identify and assess risks inherent in the company’s products, services, processes, and systems (e.g., cyber risks, financial fraud, regulatory compliance, and credit risks).
Collaborate with various departments to ensure that effective risk mitigation measures are in place across all areas of the business.
Ensure that adequate safeguards, firewalls, and data protection measures are in place to protect both customer and company data.
Regularly review regulatory changes and advise senior management on the potential impact on the company’s risk profile.
Develop, implement, and maintain an Enterprise Risk Management (ERM) framework that aligns with industry best practices and company objectives.
Ensure that risk-related policies and procedures are clearly documented and accessible to relevant stakeholders.
Prepare and present comprehensive risk reports to the executive team, board of directors, and regulatory authorities as required.
Develop and maintain business continuity and disaster recovery plans to ensure operational resilience in the event of a disruption or crisis
Collaborate with the compliance, legal, finance, IT, and operations teams to ensure that risk management efforts are integrated throughout the organization.
Education and Work Experience
A bachelor’s degree in Finance, Business, Risk Management, or a related field. A master’s degree or professional certifications (e.g., FRM, PRM, or CRM) is preferred.
5-6 years of experience in KYC/AML process, compliance, operations, risk & control functions
Must have completed NYSC
Strong knowledge of fintech regulations and their impact on the business.
Experience in cybersecurity risk management, financial risk modeling, and compliance regulations.
Previous experience working with senior leadership to develop risk management strategies.
Key Requirement / Skills:
Strong analytical and problem-solving skills with the ability to assess and mitigate complex risks.
Excellent communication and interpersonal skills to collaborate with cross-functional teams.
Familiarity with risk management tools and software, as well as financial and business modeling.
Knowledge of enterprise risk management (ERM) frameworks and best practices.
Ability to stay updated with the latest trends, regulations, and technology developments in the fintech space.
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