Multigate is a financial services platform company that provides institutions with access to safe and secure treasury and liquidity management systems. Founded in 2017, Multigate focuses on providing simplified solutions that address complex payment and cash management challenges encountered by enterprise corporates in emerging markets.
Job Summary
The Enterprise Risk Officer plays a critical role in identifying, assessing, and mitigating risks across the institution. This position is responsible for developing and implementing a comprehensive enterprise risk management framework that enables proactive risk identification and strategic decision-making. Operating in a non-bank financial institution that is regulated, the Risk Officer will identify threats, implement preventive measures, and decide how to avoid, reduce, or transfer risks while ensuring compliance with applicable regulations.
Duties & Responsibilities
Risk Management
Identify, analyze, and assess potential risks to the organization’s operations, assets, and reputation.
Develop and implement risk mitigation strategies and action plans.
Conduct regular risk assessments, including operational, financial, regulatory, and reputational risks.
Monitor emerging risks and recommend strategies to address them.
Prepare risk reports and dashboards for management and regulatory review.
Regulatory Compliance
Ensure adherence to regulatory requirements of relevant regulators (in Nigeria and Canada), and other applicable local and international regulatory bodies.
Monitor updates to regulatory frameworks and ensure timely incorporation into internal policies and procedures.
Assist in the preparation of regulatory filings and submissions, including periodic risk reports and audits.
Policy Development and Implementation
Contribute to the development and review of risk management policies, frameworks, and processes.
Ensure policies and procedures align with best practices and regulatory standards.
Incident Management
Investigate risk-related incidents and recommend corrective actions.
Maintain a register of incidents, track resolution, and ensure lessons learned are documented.
Training and Awareness
Conduct training sessions for employees to promote risk awareness and a compliance-driven culture.
Develop and disseminate materials on risk management and compliance practices.
Data Analysis and Monitoring
Analyze data trends and risk indicators to predict potential risk exposure.
Support the implementation of risk management systems and tools for real-time monitoring.
Other Responsibilities
Establish an appropriate ERM framework, including risk policies, metrics, reporting, and monitoring.
Ensure alignment of Risk Management with Corporate Strategy.
Support Senior Management and the Board/Risk Committee (RC) in mitigating risks.
Facilitate continuous improvement of the organization's risk management capabilities.
Balance the organization's risk-taking ability with its approved Risk Appetite.
Ensure risk communication plans are well-executed.
Lead the implementation and continuous improvement of the ERM system.
Requirements
Bachelor’s degree in Finance, Risk Management, Economics, Business Administration, or a related field.
Minimum of 3-5 years of experience in risk management, compliance, or a related field, preferably within a financial institution.
Relevant certifications such as CRMA, PRM, or equivalent will be an advantage.
Familiarity with regulatory frameworks, AML/CFT standards, and other relevant guidelines.
Strong analytical and problem-solving skills.
Excellent attention to detail and organizational abilities.
Proficiency in risk management tools, data analysis, and reporting software.
Effective communication and interpersonal skills.
Ability to work collaboratively in a team-oriented environment.
Required Skills
Integrity and ethical judgment.
Proactive approach to identifying and resolving risks.
Strong understanding of local and international regulatory requirements.
Ability to handle sensitive information with discretion.