Letshego Holdings Limited (“Letshego”) was incorporated in 1998, is headquartered in Gaborone and has been publicly listed on the Botswana Stock Exchange since 2002. Today it is one of Botswana’s largest indigenous groups, with a market capitalisation in excess of USD500 million and an agenda focused on inclusive finance. Through its ten country presence across Southern, East and West Africa (Botswana, Kenya, Lesotho, Mozambique, Namibia, Nigeria, Rwanda, Swaziland, Tanzania and Uganda), its subsidiaries provide consumer lending, micro finance and deposit-taking solutions. Letshego Microfinance Bank, is recruiting to fill the position below:Job Title: Head of RiskLocation: LagosReports to: Country CEOJob type: PermanentExpected Start Date: 1st January, 2017Job SummaryTo promote and sustain a culture of risk management discipline, anticipation and compliance within the country;To ensure that there are effective standards and internal controls, policies and procedures, systems and a risk management framework that supports business sustainability and continuity as well as ensuring compliance with various banking and regulatory policies;To anticipate and proactively ensure management of all potential risks, including market, credit, operations, information security, regulatory compliance and reputation risks and to initiate actions to pre-empt systemic risks; andTo represent the risk and assurance function to external stakeholders such as regulators and investors as well as to the BoardKey AccountabilitiesLead and direct the Risk & Assurance function, as a partner to the business, supporting growth aspirations whilst retaining the appropriate risk management and compliance discipline to achieve strategic goals.Ensure that Risk Management Framework is adopted and effectively applied across all departments of the bank;Implement the Operational Risk Policy Framework and ensure that the operational risk governance structures are fully functional;Identify and understand the main operational risks in the business, monitor the actual level of operational risk on a regular basis and play a preventative role in risk controlEmbed a culture of consciousness and transparency for risk management and ensure that the nature and size of risks are well understood by all staffImplement the Businesses compliance and AML / CFT policy in line with local regulatory requirementsMaintain relationship with both internal and relevant key stake holdersManage risk on a day to day basis which includes monitoring and reporting. This should include measures and procedures for:- understanding key processes, risk identification, risk analysis and assessment responding to risks identified and assessed adequate information and communication and monitoring of risk management activitiesEmbed operational risk practices into business activities and support it with appropriate training and awarenessEnsure that training and development on Risk Management is offered to staff on a regular basisDevelop a business continuity strategy in order to ensure effective risk mitigation and business continuityEnsure that risk and process issues identified in the business units are reported and monitored and where necessary escalated to relevant person(s) and Committee(s) and corrective action is takenLiaise, guide and coach all levels within the business on risk and process issuesProvide expert advice, share best-practice / risk mitigation techniques with management to enable them to pro-actively manage the risk within their units;Facilitate and provide adequate support to the Principle Risk owners for the monthly key risk indicators (KRI) processEnsure the development and execution of internal control plans outlining annual testing based on risk assessments (e.g. Risk and Control Self-Assessment), internal/external audit and regulatory reportsAssess new products, procedures and procedural changes to identify potential operational risks and suggests mitigation plans.Monitor the banks insurance cover by way of review of the insurance return to ensure assets are adequately protected against losses.Maintain cost disciplines, rationalise and consolidate risk expense.