Financial Risk Management (FRM) Risk Analyst at ARM Hold Co.ARM Life formerly CrystaLife Assurance Plc. is the insurance subsidiary of Asset & Resource Management Company Ltd (ARM).
Its parent company, ARM is one of the largest non-bank financial services firms in Nigeria with a focus on asset management. Established in 1994, ARM started operations as a traditional asset management company specialising in the management of quoted equities and fixed income securities. However, over the years, the Firm has taken advantage of opportunities in various sectors of the Nigerian economy and has proven its ability to identify and develop new strategic businesses and integrate these to strengthen its asset management business model. This ability has resulted in the evolution of the Firm into a diversified financial services institution with businesses divided into two distinct parts within which various products and bespoke asset management services are offered to our diverse clients, focusing on Traditional Asset Management and Specialised Funds. ARM currently manages total assets of over N500bn.
ARM Life has a strong track record in the group life insurance sector with favourable references across the industry. It is licensed and regulated by the National Insurance Commission of Nigeria (NAICOM) to underwrite Life, Annuity and Health insurance.Job Summary
Support the identification, measurement, monitoring, and reporting of financial risks across the ARM Group’s businesses. The role assists in implementing risk policies and frameworks, performing quantitative analysis, supporting regulatory compliance, and providing timely insights to management to enable informed decision-making and sustainable growth.
Job Details
Prepare monthly asset and liability management (ALM) reports and circulate same to the Asset and Liability Committee (ALCO).
Carry out the secretariat function for the monthly ALCO meetings.
Execute monthly portfolio and mutual fund risk monitoring and assessments including (but not limited to) breaches of set limits, performance vs benchmark, risk adjusted returns, competition review, concentration exposure tracking, scenario and sensitivity analysis.
Manage and update the Risk Management related modules, limits and risk measures on the Portfolio Management System.
Carry out ongoing credit risk assessment on counterparties (including Commercial Banks, Merchant Banks, Mortgage Banks and non-financial institutions) and develop credit memos to be shared to key stakeholders for reviews and approval.
Identify and assess inherent risks in new products and initiatives across the ARM Group
Design and review risk management and risk adjacent policies and framework of entities across the ARM Group.
Prepare necessary regulator/audit/rating agency risk management reports including SEC Returns, financial risk disclosures and risk questionnaires reports that might be required by key stakeholders from time to time.
Ensure the adequacy of existing internal controls and risk management frameworks through continuous identification, measurement and reporting of risk positions.
Prepare the risk and control matrix for various entities within the ARM Group for the purpose of reviewing the Internal Controls over financial reporting (ICFR).
Review and update the risk appetite statements, risk measures and tolerance limits for all entities within the ARM Group.
Monitor compliance of set risk appetite measures and tolerance limits for entities within the ARM Group.
Ensure prompt reporting of risk exposures/positions and provide advice on possible resolution of critical issues.
Support automation initiatives for risk reporting and monitoring, through the use of Excel, Excel Macros, Power BI and other tools.
Engage in risk management training, workshops, town hall meetings and other form of risk awareness sessions for staff members.
Prepare comprehensive risk reports for individual risk areas as well as aggregated position for internal stakeholders, such as Senior Management and Unit Heads.
Carry out operational risk management analysis and resolution (including loss event assessment, Business Continuity assessment and others) as required from time to time.
Requirements
Competency and Skills Requirements
Knowledge of the local and global financial service industry dynamics including regulations, legislations and operating environment.
Understanding of risk and return, indicators and risk management techniques as well as trading and pricing derivatives.
Ability to apply technical aspects of financial services regulation to practical business scenarios.
Knowledge of market risk concepts; knowledge of financial, systems and process audit.
Good financial accounting and budgeting skills.
Understanding of non-bank financial service operations, policies and procedures.
Problem solving and analytical abilities inclusive of statistics, data analysis and technical skills.
Minimum Qualifications
First degree in an analytical or other discipline, such as: Accounting, Economics, Finance or Engineering.
A relevant professional qualification (e.g. ACCA, ACA, CFA, FRM) and/or a Masters degree is a plus.
Maximum of three years (3) relevant experience in the financial services sector or in a related role
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Financial Risk Management (FRM) Risk Analyst at ARM Hold Co.
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March 28, 2026, 01:05:34 AM