Head of Enterprise Risk at Kuda Bank

Kuda is a full-service, app-based digital bank. Our mission is to be the go-to bank not just for those living on the African continent, but also for the diaspora wherever they might live, anywhere in the world. Kuda is free of ridiculous banking charges and great at helping customers budget, spend smartly, and save more. We raised the largest seed round ever seen in Africa, and completed a Series A funding round in February 2021, led by some of the world’s smartest venture capital investors. With offices in London (our HQ), Lagos, and Cape Town, and further offices opening across Africa during 2021, Kuda is fast becoming recognized as the leading ‘Neobank’ for Africans.

We are hiring for:

Job Title: Head of Enterprise Risk.

Location: Lagos.
Contract Type: Full-Time.

The Role

• We are seeking an experienced Head of Enterprise Risk to oversee the development and execution of our organization’s enterprise risk management (ERM) framework.
• The Head of Enterprise Risk will be responsible for implementing robust risk management practices to identify, assess, monitor, and report on key risks across the organization.
• This critical leadership role will partner with senior management and the Board of Directors to provide strategic insights on risk exposures and risk mitigation strategies.
• The ideal candidate will be an expert in designing risk programs and possess strong analytical abilities to derive meaningful findings from risk data.
• An influential leader, the Head of Enterprise Risk, will collaborate cross-functionally to institute a risk-aware culture throughout the company.

Responsibilities

• Develop, execute, and continuously improve the organization’s Enterprise Risk Management (ERM) strategy, framework, policies, and procedures to align with industry best practices.
• Build an organization-wide culture of effective risk management, accountability, and the demonstration of risk awareness across the organization.
• Oversee the identification, documentation, analysis, prioritization, monitoring, and reporting of key strategic, operational, financial, compliance, cyber, third-party, and emerging risks through qualitative and quantitative risk assessments. Maintain a risk register.
• Lead the annual Enterprise-Wide Risk Assessment (EWRA) process from end to end, including facilitating risk interviews, surveys, and workshops with stakeholders, compiling risk inventory, analyzing risk data, and developing risk profiles. Synthesize findings into an EWRA report detailing top risks and recommendations for senior management and the Board of Directors.
• Advise the organization on strategic risk forecasting and provide recommendations to transfer, accept, or mitigate strategic risk.
• Design and implement risk management tools, templates, and training programs to build risk management capabilities across the organization. Conduct training sessions to enhance risk awareness among employees.
• Develop a risk-based internal audit plan focused on high-risk areas and, over time, expand audit coverage. Provide guidance to internal auditors on risk assessment methodology and documentation.
• Establish and produce risk reporting for key stakeholders, including risk dashboards, risk reports, materials for quarterly Risk Committee meetings, and annual disclosures.
• Lead the third-party risk management program, leveraging a risk-based approach to assess and monitor vendors and partners. Maintain the vendor risk register. Collaborate cross-functionally with Finance, Legal, IT, Security, and Product on vendor due diligence, contract negotiation, and ongoing monitoring.
• Partner with the information security team on cyber risk management initiatives. Incorporate cyber risks into the ERM framework and reporting.
• Develop business continuity and resilience plans based on business impact analyses and risk assessments. Coordinate the annual testing of plans through tabletop exercises and drills. Lead crisis response in the event of a disruption, managing the incident response team.
• Continuously monitor industry trends and developments related to risk management standards and regulations. Enhance ERM processes to align with regulations and best practices.
• Work with the departments to hire, manage, and develop a team of risk professionals. Set goals and develop plans. Foster an engaging team culture.

Requirements

• A bachelor’s degree is required. Master’s degree preferred. Relevant risk certification such as CRISC, CISA, or FRM strongly preferred.
• 7–10+ years of experience developing and implementing ERM programs, with prior management experience.
• Expert knowledge of leading risk management frameworks, including COSO, ISO 31000, the RIMS Risk Maturity Model, and NACD Risk Oversight Guidelines.
• Proficiency in qualitative and quantitative risk assessment methodologies.
• Strong analytical and critical thinking skills are needed to derive insights from risk data across diverse risk areas.
• Excellent verbal and written communication as well as presentation skills. Able to distill complex risk concepts for broad audiences.
• Detail-oriented project management and organizational skills to manage multiple priorities.
• Prior experience in financial services, technology, or consulting industries is a plus.

Why join Kuda?

At Kuda, our people are the heart of our business, so we prioritize your welfare. We offer a wide range of competitive benefits in areas including but not limited to:

• Pension.
• Competitive annual leave plus bank holidays.
• Group life insurance.
• Health insurance.
• L&D training.
• We are advocates of work-life balance and offer a 3-day-per-week remote working option.

Application Closing Date

Unspecified.

Method of Application

Qualified candidates who are interested should:
Click here to apply

Crucial Notice

• Kuda is proud to be an equal opportunity employer. We value diversity and anyone seeking employment at Kuda is considered based on merit, qualifications, competence and talent.
• We don’t regard colour, religion, race, national origin, sexual orientation, ancestry, citizenship, sex, marital or family status, disability, gender, or any other legally protected status. If you have a disability or special need that requires accommodation, please let us know.