General

Job Description of an Alternative Assets Risk Manager in Nigeria

by AweStreet

Job Description of an Alternative Assets Risk Manager in Nigeria
Job Title: Alternative Assets Risk Manager
Industry: Finance, Asset Management, Investment
Location: Nigeria
Job Summary:
An Alternative Assets Risk Manager in Nigeria identifies, assesses, and mitigates risks associated with alternative investments, ensuring compliance with regulatory requirements.
Key Responsibilities:
Risk Identification and Assessment
  1. Identify potential risks in alternative assets (private equity, real estate, commodities, etc.).
  2. Conduct risk assessments, analyzing market trends and financial data.
Risk Management Strategies
  1. Develop and implement risk management strategies.
  2. Monitor and review risk exposure.
Compliance and Regulatory Requirements
  1. Ensure compliance with Nigerian securities laws and regulations.
  2. Maintain knowledge of industry trends and best practices.
Risk Modeling and Analysis
  1. Develop and maintain risk models.
  2. Conduct stress testing and scenario analysis.
Portfolio Risk Management
  1. Monitor and manage portfolio risk exposure.
  2. Collaborate with portfolio managers.
Reporting and Communication
  1. Prepare and present risk reports to stakeholders.
  2. Communicate risk-related issues.
Skills and Qualifications:
  1. Bachelor’s degree in finance, economics, accounting, or related fields.
  2. Professional certifications (CFA, CAIA, FRM, etc.).
  3. 3-5 years of experience in risk management or related field.
  4. Strong analytical, problem-solving, and communication skills.
Certifications:
  1. Financial Risk Manager (FRM)
  2. Chartered Financial Analyst (CFA)
  3. Chartered Alternative Investment Analyst (CAIA)
  4. Certified Risk Manager (CRM)
Salary Range:
  • Entry-level: ₦2.5 million – ₦5 million per annum
  • Mid-level: ₦5 million – ₦10 million per annum
  • Senior-level: ₦10 million – ₦20 million per annum
Top Employers:
  1. Asset Management Corporation of Nigeria (AMCON)
  2. Nigerian Stock Exchange (NSE)
  3. Securities and Exchange Commission (SEC)
  4. Investment banks
  5. Alternative asset management firms
  6. Private equity firms
Growth Prospects:
  1. Increasing demand for risk management expertise.
  2. Growing Nigerian economy.
  3. Opportunities for professional development.
Key Performance Indicators (KPIs):
  1. Risk exposure reduction
  2. Compliance with regulatory requirements
  3. Risk management strategy effectiveness
  4. Stakeholder communication
  5. Team collaboration
Industry Trends:
  1. Integrated risk management
  2. Emerging risks (e.g., climate change, cybersecurity)
  3. Regulatory updates
  4. Digital transformation in risk management
References:
  1. Securities and Exchange Commission (SEC) Nigeria
  2. Nigerian Stock Exchange (NSE)
  3. Asset Management Corporation of Nigeria (AMCON)
  4. Global Association of Risk Professionals (GARP)
  5. Certified Financial Analyst (CFA) Institute