Soma Capital Portfolio Jobs

Associate, Enterprise Risk Management



Lekki, Nigeria
Posted on Tuesday, February 20, 2024

Flutterwave was founded on the principle that every African must be able to participate and thrive in the global economy. To achieve this objective, we have built a trusted payment infrastructure that allows consumers and businesses (African and International) make and receive payments in a convenient borderless manner.

The Role: Flutterwave is seeking a highly skilled and experienced Associate, Enterprise Risk Management to join our dynamic team. As a leading player in the financial technology sector, we are dedicated to revolutionizing the industry through innovative solutions and cutting-edge technology. The Associate will play a crucial role in identifying, assessing, and mitigating risks across our enterprise to ensure the stability and security of our operations. The successful candidate will collaborate with cross-functional teams to implement and enhance risk management frameworks, ensuring compliance with regulatory requirements and industry best practices.

Responsibilities include but are not limited to:

  • Conduct comprehensive risk assessments to identify potential risks and vulnerabilities within the organization's operations, systems, and processes.
  • Work closely with business units to understand processes and identify areas of risk exposure.
  • Utilize industry knowledge to stay informed about emerging risks and assess their potential impact on the organization and provide proactive recommendations to senior management to address these risks.
  • Assist in development and implementation of risk management strategies, policies, and procedures to mitigate identified risks and enhance the overall risk posture of the organization.
  • Collaborate with cross-functional teams to integrate risk management considerations into business processes, product development, and strategic decision-making.
  • Conduct regular risk assessments of third-party vendors and partners to ensure compliance with regulatory requirements and contractual obligations.
  • Prepare and present risk reports and updates to senior management and relevant stakeholders, highlighting key risk trends, issues, and remediation efforts.
  • Support internal and external audits, regulatory examinations, and compliance reviews by providing relevant documentation and responding to inquiries.
  • Build strong relationships with external stakeholders, such as regulatory bodies and industry partners.
  • Act as a subject matter expert on enterprise risk management best practices, methodologies, and tools, and provide guidance and mentorship to junior team members.

Required competency and skillset to be a waver:

  • Bachelor's degree in Finance, Business, Risk Management or a related field; advanced degree (e.g., MBA, FRM, PRM, CFA) preferred.
  • Proven 4+ years’ experience in enterprise risk management, preferably in the fintech industry or financial services sector.
  • Strong understanding of financial markets, products, and regulatory requirements relevant to the fintech industry.
  • Strong understanding of risk management principles, methodologies, and best practices, with hands-on experience in risk assessment, analysis, and mitigation.
  • Proficiency in regulatory requirements and industry standards relevant to fintech, such as GDPR, KYC/AML, and cybersecurity regulations.
  • Excellent analytical, problem-solving, and decision-making skills, with the ability to prioritize and manage multiple tasks in a fast-paced environment.
  • Effective communication and interpersonal skills, with the ability to collaborate and influence stakeholders at all levels of the organization.
  • Proven track record of driving results and implementing risk management initiatives that add tangible value to the business.
  • Strong attention to detail and accuracy, with a commitment to maintaining the highest standards of integrity and professionalism.

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