The Nigeria Sovereign Investment Authority (NSIA) is a recently established Sovereign Wealth Fund (SWF) for the benefit of the Federal Republic of Nigeria. The Authority will take off with an initial funding of US$1 billion.
The NSIA is legislated to invest pledge funds on behalf of the people of Nigeria for their medium and long-term benefit through investments: (i) savings for future generations of Nigerians, (ii) infrastructure development and (iii) the stabilization of the Nigerian economy.
The NSIA shall have three separate ring-fenced investment portfolios: the future Generations Fund; the Economic stabilization Fund; and the Nigeria Infrastructure fund.
The NSIA is seeking highly competent and result-oriented individuals with strong personal and professional integrity to form a dynamic executive management team. The team will have overall responsibility for the implementation of the establishment of the SWF whose governing principles are based on rules and guidelines that are consistent with international best practices for managing SWFs. The performance, reporting and transparence of the NSIA must be exemplary, and will enable all Nigerians to see and understand how their patrimony is being managed and increased for the future.
To this end, suitable candidates are being identified for immediate consideration, to fill the position below:
Position: Chief Risk Officer – ES00613
Reporting to the CEO, the successful candidate will be responsible for ensuring that the NSIA’s risk appetite for investment decisions is clearly defined within acceptable manageable limits. In particular, she/he will have responsibility for the design and implementation of NSIA’s enterprise-wide risk management framework to effectively identify, mitigate and monitor principal risks arising from its operations. Other specific responsibilities will include:
- Define and implement the NSIA’s overall and integrated risk management framework and set guidelines for the development and implementation of supporting policies and procedures.
- Define risk acceptance criteria and risk tolerance limits for each risk area across the NSIA operations.
- Coordinate the identification, assessment and recording of risks that relate to the NSIA’s operational processes and functions.
- Ensure risk profile is aligned to the overall returns and profitability aspirations of the SWF.
- Establish infrastructure, systems and processes for identifying, managing, controlling and reporting risks within the organization.
- Advise the NSIA executive management team and Board on overall corporate governance and best practices in risk management.
Qualifications, experience and attributes
- A good first degree in Economics, Finance or any Business related discipline from a reputable institution.
- Post-graduate degree(s) in any related disciplines and relevant professional qualification as an added advantage,
- Minimum of 10 years’ senior management experience in enterprise risk management, preferably in a leading international investment bank or a similar institution.
- Excellent knowledge of risk management practices and practical hands on experience of market, operational and cross border risk management techniques and practices.
- Track record of planning and directing business analysis, risk analytics, modeling, and loss prevention programs
In addition, eligible candidates interested in any of the aforementioned positions must possess the following attributes:
- Prior C-level experience with a minimum of 10 years at senior-level management positions.
- Understanding of global financial markets, domestic macro-economic policy issues; local & global SWF governance & regulatory frameworks (SWF Act, Santiago Principles and IMF MFP Transparency Code),
- Strong professional profile and high ethical standards and integrity.
- Strong leadership, business management, interpersonal and influencing skills with excellent track record of measurable results,
- Excellent communication skills.
Mode of Application
To apply, please quote appropriate reference number as the subject of your e-mail and send your current curriculum vitae (prepared as a Microsoft Word document, and saved with your full names) to us at recruitment@ng.kpmg.com on or before 30th November 2011.
Please include in your application, a statement of how you meet the advertised criteria, as well as names and contact details (including telephone and e-mail addresses) of three referees who are knowledgeable about your professional achievements and abilities.
All positions will be located in Nigeria. The CEO position is targeted mainly at Nigerians within and outside the country. The CIO and CRO positions are open to Nigerian and non-Nigerian applicants. Women are strongly encouraged to apply for any of the positions on offer.
All applications will be treated in strict confidence. Only short-listed candidates will be contacted. The NSIA Act can be sighted on www.fmf.gov.ng
