NDIC

Nigeria Deposit Insurance Corporation Protecting your bank deposits

The Risk Analyst Risk is everybody's Business 1st Edition

WOMEN AS LEADERS Interview with Mrs. Amal L. Haruna: Director, Enterprise Risk Management Department/ Chief Risk Officer

RISK MANAGEMENT

Other Features+ Top risks affecting the Corporation Business Continuity Teams of NDIC: What you need to know Japa Syndrome and its effect on NDIC

ENTERPRISE RISK MANAGEMENT DEPARTMENT NEWSLETTER - March 2024

From the Office of Chief Risk Officer (CRO)/Director, Enterprise Risk Management Department (ERMD)

Mrs. Amal L. Haruna

I am elated to present to you the maiden edition of “The Risk Analyst", e-newsletter for ERMD. I am elated to present to you the maiden edition of “The Risk Analyst", e-newsletter for ERMD. The newsletter is a bi-annual publication aimed at creating awareness on risk management. The newsletter is a bi-annual publication aimed at creating awareness on risk management.

Today's world is so dynamic, we constantly have to deal with uncertainties all the time and in all spheres of life. Today's world is so dynamic, we constantly have to deal with uncertainties all the time and in all spheres of life.

Within our workspace in NDIC, our capacity to handle issues that present themselves as challenges and problems are a measure of our success and this process is assisted by ERMD, the Department tasked with ensuring the Corporation integrates risk based decision making into its values, culture, governance, planning and management. Within our workspace in NDIC, our capacity to handle issues that present themselves as challenges and problems are a measure of our success and this process is assisted by ERMD, the Department tasked with ensuring the Corporation integrates risk based decision making into its values, culture, governance, planning and management.

We do this by ensuring the effectiveness of the risk management system, document management system and business continuity management system. We do this by ensuring the effectiveness of the risk management system, document management system and business continuity management system.

Our level of efficiency in ERMD and Management's continuous support has helped us maintain a strong and robust Enterprise Risk Management System. Our level of efficiency in ERMD and Management's continuous support has helped us maintain a strong and robust Enterprise Risk Management System.

I therefore, urge you to continue to support the Department, be alert to the little and big things that could disrupt our processes and affect achievement of our common objectives. I therefore, urge you to continue to support the Department, be alert to the little and big things that could disrupt our processes and affect achievement of our common objectives.

On our part, the ERMD will continue to drive innovation to promote success and sustainability of the Corporation. On our part, the ERMD will continue to drive innovation to promote success and sustainability of the Corporation.

Finally, I leave you with a little reminder that -

Risk Is Everybody's Business.

Remarks from Editor

W Je present our first edition of “The Risk Analyst". W Je present our first edition of “The Risk Analyst". Awareness is always at the forefront when embedding risk, document and business continuity matters. Awareness is always at the forefront when embedding risk, document and business continuity matters. The Risk Analyst aims to provide insights to all our stakeholders on our activities in Enterprise Risk Management Department (ERMD) and all information dubbed "risky business". The Risk Analyst aims to provide insights to all our stakeholders on our activities in Enterprise Risk Management Department (ERMD) and all information dubbed "risky business". From risk management to Governance, Risk and Compliance Issues (GRC), sustainable views, business continuity, information and document management security best practice. From risk management to Governance, Risk and Compliance Issues (GRC), sustainable views, business continuity, information and document management security best practice. It ensures to provide updates that you need to know. It ensures to provide updates that you need to know.

Aishatu Isa Ahmed

We will be gracing your computer screens twice a year and all our editions seek to bring quality content. We will be gracing your computer screens twice a year and all our editions seek to bring quality content.

Our newsletter for the first half of the year features an exclusive interview with the Director ERMD/CRO of the Corporation, one-on-one chat with the latest Head of Document Management Unit and other feature stories. Our newsletter for the first half of the year features an exclusive interview with the Director ERMD/CRO of the Corporation, one-on-one chat with the latest Head of Document Management Unit and other feature stories.

Welcome to "The Risk Analyst" and look out for more targeted and interesting content delivered directly to you in the months to come. Welcome to "The Risk Analyst" and look out for more targeted and interesting content delivered directly to you in the months to come.

WE ARE ERMD

WE WE ARE ERMD ARE ERMD

05 MEET THE EDITORIAL BOARD

Rules ess Control REVIE ↑ Los Risk Policies Strategy Analysis Management 모

06 ABOUT Project ENTERPRISE RISK MANAGEMENT DEPARTMENT

07 JAPA SYNDROME AND ITS EFFECT ON NDIC

CONTENTS

08 TOP RISKS AFFECTING THE CORPORATION Significant and Emerging Risks

12 WOMEN AS LEADERS Interview with the Director ERMD/CRO

09 ISO 22301:2019 BCMS UPDATES ISO 22301:2019 Business Continuity

14 ONE-ON-ONE CHAT New Head of Document Management Unit

10 BCMS POLICY STATEMENT NDIC's BC Policy Statement

15 PHOTO NEWS Events, Sensitizations, Celebrations etc

11 THE BC TEAMS OF NDIC What you need to know

16 FEEDBACK Contact Us

EDITORIAL BOARD

Dalhatu Babayo Editor-In-Chief

Tariemeiye Cliff-Eribo Member

Aishatu Isa Ahmed Editor

Hope Obioma Member

Wali Ibrahim Bashir Member

Alawiyya Isa Dutse Member

ABOUT ENTERPRISE RISK MANAGEMENT DEPARTMENT

VISION To promote sound risk management practices and culture across the Corporation.

STATEMENT OF PURPOSE To promptly identify both current and emerging risks facing the Corporation, articulate appropriate risk management strategies to mitigate such risks with a view to promoting sound risk management practices, culture and enhancing stakeholders value.

SUCCESS

OBJECTIVES To coordinate the implementation of the Enterprise Risk Management Framework, Business Continuity Management Framework and Document Management Policies in the Corporation.

STRUCTURE OF THE DEPARTMENT The Department has three units namely;

1. Enterprise Risk Management Unit
2. Business Continuity Management Unit
3. Document Management Unit

SK

JAPA SYNDROME AND ITS EFFECT ON NDIC.

Migration in search of new economic opportunities or escaping war and conflict is as old as civilization. Migration in search of new economic opportunities or escaping war and conflict is as old as civilization. We are in the 21st century and migration otherwise known as "japa" is still the new black. We are in the 21st century and migration otherwise known as "japa" is still the new black. Japa, is a Yoruba colloquialism meaning to flee. Japa, is a Yoruba colloquialism meaning to flee. There is nothing wrong in seeking greener pastures. There is nothing wrong in seeking greener pastures.

Ali Yaskari was employed in August, 2010 and was posted to Bank Examination Department, Lagos Office. Ali Yaskari was employed in August, 2010 and was posted to Bank Examination Department, Lagos Office. He worked with the Corporation for over 10 years as a Bank Examiner and decided to relocate to Canada with his family due to economic and social issues. He worked with the Corporation for over 10 years as a Bank Examiner and decided to relocate to Canada with his family due to economic and social issues. The main reason for his relocation is to secure the future of his children. The main reason for his relocation is to secure the future of his children.

However, the recent Japa trend is worrisome as it involves a considerable number of skilled Nigerians. However, the recent Japa trend is worrisome as it involves a considerable number of skilled Nigerians. This has led to brain drain and it cuts across all sectors of the economy: financial, medical, IT and even domestic managers. This has led to brain drain and it cuts across all sectors of the economy: financial, medical, IT and even domestic managers. It is often said "Every dissappointment is a blessing in disguise". It is often said "Every dissappointment is a blessing in disguise". So what opportunities can the Corporation exploit from this risk of exit of some experienced staff? So what opportunities can the Corporation exploit from this risk of exit of some experienced staff?

Here in NDIC, we can prepare by:

1. Having an effective knowledge management/proper succession planning
2. Support innovation and continuous process improvement
3. More robust incentives: capacity building, management appreciation, commendations and additional training in foreign courses
4. Bond, play and have fun at work.

Top risks affecting the Corporation Significant risks

Operational

Financial

Insurance

Governance

People

Reputational

Strategy

Emerging risks

Effects of oil subsidy removal

Japa Syndrome

Interest rate hikes

Cybercrime and geopolitical risks

Skills gap in fintech

Volatility of FOREX

Climate Change

Technological disruption

ISO 22301:2019 BCMS UPDATES!

ISO 22301:2019 Business Continuity Management System is the International Standard that helps Organizations put business continuity plans in place to protect them and help them recover from disruptive incidents when they happen. ISO 22301:2019 Business Continuity Management System is the International Standard that helps Organizations put business continuity plans in place to protect them and help them recover from disruptive incidents when they happen. It also helps Organizations to identify potential threats to their business and to build the capacity to deal with unforeseen events. It also helps Organizations to identify potential threats to their business and to build the capacity to deal with unforeseen events.

MSECB CERTIFICATE MSECB hereby certifies that the management system of Nigeria Deposit Insurance Corporation (NDIC) 447/448 Constitution Avenue, Central Business District, Abuja, Nigeria Has been assessed and found to be in accordance with the management system requirements in ISO 22301:2019 Certification Scope: Business Continuity Management System (BCMS) supports the delivery and resilience of critical services provided by NDIC from Departments, Units and Offices at the Corporation's Head Office Certificate No. C2070-BCMS118-08-23 Certified since 2023-08-17 Valid from 2023-08-17 Valid until 2026-08-16 Certific atio Body Allrajnige Dren Krasniqi, Compliance Manager *Subject to annual surveillance audits This certificate can be validated by email request at: info@msecb.com www.msecb.com

Following a rigorous and independent audit exercise the Corporation has been re- certified with ISO 22301:2019.

This will be the third time the Corporation is being certified.

What are the benefits of ISO 22301:2019 to NDIC?

• ISO certification means excellent service delivery. • The reputation of the Corporation has increased in value thereby enhancing Depositor's trust and confidence. • Meet Strategic business objectives • Improve process and Organizational focus • Gain competitive advantages

NDIC NDIC

NDIC's BCMS Policy "Our primary interest is the safety and wellbeing of our employees and the ability to maintain the critical activities that support our interests and the interests of our stakeholders. These interests are paramount and must be upheld even in the most challenging circumstances.”

“The Board of Directors and Senior Management are fully committed to the BCM arrangements and its continual improvement, which are embedded throughout the Corporation. The Corporation's Business Continuity Management System conforms to the requirements of ISO 22301: 2019 standard as well as the organisational requirements."

THE BC TEAMS OF NDIC

01 Executiment Team (EMT) Strategic decision making and ensuring an overall integrated response.

What you need to know...

02 Crisis Communication Team (CCT) Manages internal and external communications to minimize the impact of disruption on the Corporation's reputation.

03 Crisis Management Team (CMT) Oversees the continuity of critical services across the Corporation.

Why Implement Business Continuity Management in the Corporation? Embedding BCM provides a comprehensive Programme that will: Improve the Corporation's resilience; safeguard the business operations against threats; and enable the delivery of an effective response and recovery capability for any business disruption.

04 Department Recovery Teams (DRT) Coordinate the recovery of core activities of Departments, Offices and Units in the event of a significant disruption.

05 Site Incident Response Teams (SIRT) Coordinate the recovery of core activities of Zonal Offices in the event of a significant disruption.

06 Business Continuity Management Unit (BCMU) Coordinate the implementation of the BC framework in the Corporation.

Women Leaders: Succeeding as a Corporate Director

L Interview with Mrs. Amal Haruna (Director ERMD/CRO) by Wali I. Bashir

egendary singer and songwriter James Brown once sang a song: this is a mans world but it would'nt be nothing without a WOMAN. Well this is perhaps true with the current leadership in ERMD. Join us as we unravel the saying that what a man can do; a woman can just as easily do, if not better.

#GIRLBOSS

laissez-faire. And there are even times I say if you do this, this is the reward to eat free lunch, get to go out (transactional). I don't have one particular style it depends on the decision i have to make, and what is on the table for me.

as a leader. Another area that affects women leaders is that a lot of people don't expect you to assert yourself. So they have a problem when you begin to assert yourself.

What factors do you think affects

What are the benefits of having women as leaders? We are less distracted when we have a task to do, the capacity to multi-task. I am sitting at my desk I am thinking far and planned out my day mentally. We are more sympathetic, motherly as it is the nature of women to lead from being mothers. You already have that trait in you to train people and set them right. From home, you are trained to lead your younger ones. So that leadership quality comes naturally to you. You are able to translate this into your workspace and it helps you.

66 my greatest legacy would be for someone to say she helped make me a better person... 99

Mrs. Amal Lynda Haruna became Director/CRO in 2023. She started her career in the Corporation in Bank Examination Department from 1991-1995. In 1995, she was redeployed to Kano Zonal Office; then to Bank Examination Unit in 2004 and remained there till 2016. She was redeployed to Internal Audit Department from 2016-2021 before being redeployed to ERMD in 2021.

Describe your leadership style and how it is different from your male counterpart? I don't think I have one leadership style because certain situations demand different styles of leadership. I have to use all depending on the situation. Sometimes I come down hard and don't give you a chance to say no because I want this and it has to be now. There are times I throw it open to the Department, I want your participation, I want your contribution to this decision. There are even times I ask you to go and think about it and get back to me. That will be the

women ability to lead? Several factors, cultural because of the way our culture is. There could be some resentment from not just your male counterpart but from female counterpart or colleagues. They prefer to deal with men. The cultural is that a lot of men frown on being led by women. Another reason is that women come across as harder bosses though not in all cases. We are more granular. We see through more a lot of the times since we are more meticulous. Some things men might turn a blind eye to a woman might not. So that can affect the way you are perceived

Generally, I feel women are more intelligent than men. It's been proven even right from the time of Adam and Eve. For example, if you put a sixteen year old boy and girl the level of intelligence and maturity of the girl compared to her male counterpart is always higher. We nurture and are more persuasive so we make better leaders. Most women are go getters, you have your eye on the target and you make sure you achieve it. We work better with distractions.

Contd on page 13

As a woman in a room full of children screaming you can still focus on what the target is. All of these things help women to come out as better leaders than their male counterpart.

Who is your role model? I don't have one role model. I have combined and learnt from alot of women and still learning from alot of women. I put everything that I have learnt from women altogether and use it. So I don't have one particular role model but over time I can say alot of women have influenced who I am today. I will start with my mum. The most important lesson I learnt from her was “do unto others as you would want done unto you". The second role model I had is my mother-in-law whom I learnt friendship and sisterhood. Moving away from home. I had women teachers one of them who stood out particularly for me was Mrs. Durotoye. I also learnt sisterhood from her. Moving from Secondary school, in University, alot of women had an impact on me. I was just beginning to understand what it meant to be a woman and the kind of influence we had. In the workspace NDIC particularly I would give credence to two women, the late Fatima Ibrahim, Aunty Baaba as she was fondly called and Dr. Helen Jekele. These are women that for me stood out as role models within the Corporation. Another woman that I looked up to was Mrs. Afabor former Director PMSD, another silent achiever. Internationally, I learnt about Indira Gandhi. Her strong spirit the fact that in the face of every

adversary you must stand tall. Christine Lagarde. I have read through her life. I follow her life and keep up with what she is doing. I also have a young sister. We share the same name; Amal Hassan. Younger than me but she has achieved a lot built a company from scratch. She is somebody I am proud of. So many women. But these ones I have mentioned have been a great influence.

You mentioned women role models I haven't heard of the men role models? She laughs... a man as a role model. Ok! It will shock you. He is not a well liked person. I like his leadership style because for some reason he just does what he feels is convinced needs to be done. Thats what I like about him. Vladimir Putin. I find him highly misunderstood but if you look at his circumstances as a leader he feels what he does is

Wali I. Bashir (left) with Mrs Amal L. Haruna

INDIC Congratulations Promotion Amal Har 1560 NDIC INDIC

what needs to be done. Another person is Obama. I like how he came up and what he stood for and what he did and I also try to apply some of his qualities to my life.

What legacy do you want to leave behind as the Director ERMD? The day I leave maybe by re-deployment to another Department or retirement considering the amount of time I have left; I am hoping that for me my greatest legacy would be for someone to say she helped make me a better person. I learnt something from her that improved my work, my life. For me, I think that would be the satisfaction that I get. I believe that as a leader for me the most important thing is to better the person, better people and that means you have infused in them, some thing that will make them better able to face challenges, better able to take decisions, better able to stand out in a crowd. For me, at the end of the day, I wish to leave behind “a few good men" as they say. Honestly, I just pray that whatever I am doing now will help to make people better than me.

Mrs. Hadiza J. Ahmed

ONE-ON-ONE with Mrs. Hadiza J. Ahmed, Head of Document Management Unit (DMU) of Enterprise Risk Management Department.

It is no small feat heading one of the most critical Unit in the Corporation. Though it is a tough job, somebodys got to do it. Our Hope Obioma had a one-on-one chat with the Head of DMU...

Mrs. Hadiza Jibrin Ahmed joined the Corporation in March, 2011 as a Manager and was posted to Strategy Development Department where she worked for two years.

She was then redeployed to Research Policy & International Relations Department between 2014 to 2016.

When asked what legacy she intends to leave behind? She said "to leave it better than I met it".

Also, Mrs. Ahmed intends to bring innovation to improve the performance of DMU by acquiring the ISO 19475:2021 Document Management.

Hadiza was later redeployed to Bauchi Zonal Office where she worked for seven years from 2016 to 2023.

Now redeployed to ERMD as a Principal Manager in September, 2023. She assumed the duty of Head, Document Management Unit on 5th October, 2023.

Mrs. Ahmed during the interview.

Immediate Past Director of ERMD, Mr Dairo Olalekan's sendforth party after being redeployed to Finance Department.

Former BC Manager Adamu Zubairu (left) with current BC Manager Dalhatu Babayo during retirement party of the former.

Former Head DMU (left) with Director ERMD during retirement party of the former.

Cross section of Outsourced Staff during Sensitization organised by ERMD, PMSD and ITD.

Director ERMD in the middle flanked by 2023 ERMD Promotees.

INDIC INDIC

ANDIC

Cross section of staff from ERMD and PENCOM during study tour of the latter.

Sensitization of Outsourced Staff organised by ERMD, PMSD and ITD.

Staff of ERMD, PMSD & Academy with fire service men during maiden fire drill conducted for Academy.

Management IGERIAN STOCK EXCHANGE) NGAIM NIGERIAN EXPORT-IMPORT BANK

TRY MI lanagemen ligeria

Former Director ERMD, Mr. Umar Usman Maitambari being honoured with Fellow during CRMI conference.

PHOTO NEWS

Feedback

The Risk Analyst is a bi-annual publication of the Enterprise Risk Management Department (ERMD). We welcome your suggestions and comments. You can send an email to us.

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