E-business Risk Analyst in Lagos, Nigeria

at Stanbic IBTC Bank

Banking / Financial Services
Minimum Qualification
Bachelor's Degree
Required Experience
3 - 5 years
Employment Type
Full Time
Male or Female

Job Description

  • The E business, Risk Analyst role is part of an integrated group wide organization dedicated to bring the organization's information risks under explicit management control in order to prevent significant reputational, financial or other loss to Stanbic IBTC and its clients. This is being achieved through the efficient and effective application of risk and information systems business (electronic business) expertise to identify risk areas within existing and proposed solutions.

The role performs the following activities:

  • Review effectiveness of control implementation of Key Controls and Business Specific Control
  • Support Business lines, e-business, Operational Risk and the SBG Information Risk Office for the successful treatment of risks across all information system platforms.

Key Responsibilities

  • Review effectiveness of control implementation of Key Controls and Business Specific Control
  • Highlight effectiveness of risk identification and implementation of key and business specific controls
  • Monitor external and internal compliance requirements on all payments and collection platforms as well as other related systems
  • Assessment of the control environment with specific reference to high risks identified and key controls implemented by 3rd parties.
  • Recommendations on process and control gaps.
  • Tracking and monitoring of control gaps and action plans.
  • Provide Information Risk specific content to business partners and IR stakeholders
  • Provide insight to the dynamic threat landscape across relevant e-business (i.e. payments and collection) platforms positioning the banks' risk posture against these trends
  • Analyse, correlate and reconstruct events where business operations related risk incidents have occurred within the Bank, determining the root cause, and proposing alternatives to prevent recurrence.
  • Define the necessary procedures to drive information risk management on major business initiatives / projects, providing control advice and measuring control effectiveness and efficiency.
  • Awareness of Technology and electronic business risk threat landscape as it relates to the Bank
  • Identify trends and mitigation approaches to business challenges in business operations.
  • Advise on information system risks and threat trends to new business opportunities in the e-business world.
  • Provide a holistic view of the risks to the bank's e-business platforms introduced by personnel, processes, technology and external events.
  • Support Business lines, e-business, Operational Risk and the SBG Information Risk Office for the successful treatment of risks across all information system platforms.
  • Support the ongoing knowledge management and formalization of what risks and threats the group faces and how they are being addressed.
  • Support incident response planning and investigation of customer data breaches, and assist with disciplinary and legal matters associated with such breaches as necessary.
  • Initiate, facilitate, and promote activities to create risk awareness within the organization, including awareness of information risk related regulatory issues that have a potential impact to the environment in alignment with group wide awareness activities.
  • Support the engagement process of risk assessments and acts as a liaison with business lines to deliver value to the business.
  • Establish cooperative dialogue between Operational Risk, e-business, Financial Crime Control, and IT Security by visible and consistent action.
  • Promote self-compliance to information risk governance standards, policies and standards.
  • Develop business personnel knowledge to ensure better information protection and management
  • Support relationship with vendors and suppliers to ensure full value of contracts is realised.
  • Promote a continuous awareness of information risk value to ensure timely engagement by business managers.



  • A relevant tertiary qualification
  • Master's, MBA, or professional qualifications such as FRM, PRM, ISO27001 LA, ISO27001 LI, COBIT 5 LI etc. is advantageous


  • Strong operational risk experience within financial services/industry (retail, commercial and corporate and investment banking) with working knowledge of banking systems, procedures and controls
  • Experience with payments and collections platforms, mobile payments, cards projects implementation, excellent understanding of the Point of Sale framework.

Required Competencies

Technical Competencies:

  • Business product knowledge, including understanding of financial processes in order to be able to determine their impact on risk and control
  • Familiarity with operational risk regulatory environment e.g. Basel II (AMA), Sarbanes Oxley, etc. preferable though not essential)
  • Practical knowledge of how to input, access and utilise information from the network/systems to analyse and forecast trends

Personal Competencies:

  • Outstanding analytical, data, and project management expertise
  • Outstanding interpersonal skills and relationships management ability
  • Strong team orientation
  • Successful track record in communication and delivering presentations to internal clients and/or senior level executives
  • Able to clearly demonstrate and implement new operational standards
  • Logical and rational thinker - has a clear, focused and methodical approach to work



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