Who can enter?
Individual Categories
These awards are presented in recognition of individuals who have the aspiration, inspiration and enthusiasm to promote and support enterprise risk management within their own organisation, with demonstrable results. The nominated risk manager could be the risk officers, internal auditors, finance officers, compliance officers, marketing/sales officers or any individual within the risk team who has responsibility for Risk Management in their organisation.
These awards are presented in recognition of young individuals between the ages of 20 and 28 who have the aspiration, inspiration and enthusiasm to promote and support enterprise risk management within their own organisation, with demonstrable results. The nominated risk manager could be the risk officers, internal auditors, finance officers, compliance officers, marketing/sales officers or any individual within the risk team who has responsibility for Risk Management in their organisation.
These outstanding risk practitioners will be expected to provide clear examples of excellence within their role. Judges will be looking for risk management processes, policies and systems they have introduced, which made significant improvements to their organisation in the last 18 months. Of particular importance is how the risk management function responded to the challenges of operating in Nigeria, and how ERM skills contributed to organisation’s performance.
Sectorial Categories
Judges will be looking at how risk management enabled your organisation not just to survive, but to thrive. How has risk management contributed to the development of innovative approaches and the successful achievement of business objectives within your organisation? What difference has the use of enterprise risk management skills made to your organisation’s strength?
- Banking and Investment Services.
- Insurance and Pensions.
- Telecoms and Media Services.
- Manufacturing, Production and Industry.
- Power, Oil and Gas Services.
- Public Sector.
- Not-For-Profit Sector.
- Other Sectors
- Evidence of good governance structure and their operations in the organisation.
- Cost savings or organisational changes resulting from effective internal control systems.
- Compliance and consistency with international best practice (e.g. Solvency 2, Basel 2, ISO31000, New COSO etc ).
- Creative health & safety initiative protecting assets and human lives
- Evidences of risk based compliance and audit programme with added value.
- Specific application to industry and organisational characteristics.
- Evidence of the use of risk management skills in the decision-making process.
- Evidence of the Board’s engagement with or understanding of risk management.
- Innovative use of appropriate infrastructure to manage risks.
- Innovative human capital or people risks management initiatives
- Practical applications of the risk appetite and tolerances.
- Risk culture and steps to embedding risk management.
- The introduction of risk initiatives, fraud identification and investigation.
- Successful delivery of projects, evidence of loss minimisation and profit optimisation.
- Demonstration of added value to the business and performance improvements.
- Engagement and buy-in of all stakeholders, internal and external.
- Visible commitment to development of risk-mature culture.
- Please ensure that your entry is communicated effectively in terms of grammatical style and context.
Special Categories
This year, we are introducing the special category to recognise and celebrate organisations/institutions who have responded well in managing COVID19 crisis and others who have created value while effectively managing project and sustainability risks. The judges will be looking out for organisations with risk leadership qualities in the following sub-categories:
- Best Project Risk Initiative in Nigeria.
- Best Renewable Energy Risk Initiative.
- Best Sustainable Development initiative of the year.
What judges are looking for
- What did you do?
- How did you do it?
- What was the impact in your organization, community, and nation (if any)?
- Where is your evidence?
Public Vote
2024 Nigerian Risk Awards-Public Vote Nomination
The Nigerian Risk Awards (NRA) a biennial awards and c-suite premium summit is known to celebrate, recognize and reward individuals and organizations who have made measurable impact within their sector or industry through the effective application of good governance, risk management and internal control systems and strategies.
This year, we are giving you opportunity to nominate organizations for the following based on your interactions with them:
- Safest and Cleanest School Category: For schools with the high standard in child protection and safety, risk management and corporate governance.
- Cleanest, Safest and Friendliest Hotel Category: For hotels with high standard of hygiene, safety policies and quality customer service in the hospitality industry.
- Safest and Cleanest Hospital Category: For hospital with quality services, effective safety policies and practices and quality customer services in the health care industry.
We would like to inform you that nominations are now open and you can nominate one organization each under the following categories. Please Note, this award is free and strictly based on merit.
All shortlisted entrants will have their summary submission included in the Awards table brochure (maximum 100 words).
- Executive summary (maximum 500 words).
- Main submission (maximum 1,800 words). Please explain as clearly as possible why you think you or your organisation deserves to win this award.
- Please refer to the award category and describe in detail how your organisation meets the criteria outlined. Examples, projects and information on which the award entry is based should be drawn predominantly between July 1st 2020 and December 31st 2021.
- Please detail how you or your organisation have excelled, including relevant initiatives, and show how your actions have contributed to the advancement of the industry and improving risk management in the chosen sector.
- The judges reserve the right to move entrants from one category to another if they believe it appropriate. You will be contacted if this is likely to happen.
- Your submission should include roles and responsibilities, specific challenges facing your organisation, the strategy chosen to resolve these challenges and why, evidence of innovation applied, and senior executives’ engagement.
- For the Risk Manager and Young Risk Manager of the Year award, you should also include any personal evidence of contributions towards risk management in your organisation.
- A high resolution photo of you, or the team submitting the entry, should accompany your submission. Should you reach the shortlist, this photo will be used in the publicity material surrounding the awards dinner and on the awards website.
- Entries should be presented in Calibri font, size 12, with 1.5 line spacing, and additional spacing between paragraphs.
- Additional materials or evidence to support your application must be uploaded for the judges to review.
- A company logo must accompany each submission. Please supply a high-resolution JPEG of your organization logo. Should you reach the shortlist, this logo will be used in the publicity material for the awards’ dinner and on the awards’ website.
- Please note that we cannot consider entries that exceed the word limit of 1,800 words. Submissions exceeding the stated length will be disqualified and submissions without a high-resolution JPEG of your organisation logo will not be accepted.
- Executive summary (maximum 500 words).
- Main submission (maximum 1,800 words). Please explain as clearly as possible why you think you or your organisation deserves to win this award.
- Please refer to the award category and describe in detail how your organisation meets the criteria outlined. Examples, projects and information on which the award entry is based should be drawn predominantly between July 1st 2020 and December 31st 2021.
- Please detail how you or your organisation have excelled, including relevant initiatives, and show how your actions have contributed to the advancement of the industry and improving risk management in the chosen sector.
- The judges reserve the right to move entrants from one category to another if they believe it appropriate. You will be contacted if this is likely to happen.
- Your submission should include roles and responsibilities, specific challenges facing your organisation, the strategy chosen to resolve these challenges and why, evidence of innovation applied, and senior executives’ engagement.
- We reserve the right to withdraw any award should it be discovered that an entry contains false or misleading information.
- The closing date for entry submission is 22nd April, 2022. Late entries will not be accepted.
- The judges reserve the right not to issue a shortlist or make an award if, in their view, none of the entries submitted meets the required standard.
- The winner of each category will be revealed on the 7th of July, 2022 at the 2022 Nigeria Risk Awards & Summit.
- The judges may also make highly commended awards in any category.
- Winning entrants will be required to participate in post-awards publicity. The NRAs reserves the right to publicize the results and use winning entries in press releases, case studies, on our website and other media channels.
Terms and Conditions
There is no application fee, the awards are FREE TO ENTER and are open to any relevant organisation or individual.
- Organisations can enter more than one category and are encouraged to nominate themselves.
- The award winners will be chosen by an extensive panel of INDEPENDENT expert judges, using a fair and transparent judging process, with a detailed explanation of the judges’ final decisions to be published at Awards ceremony.
- Award entries must be kept to a maximum of 1800 words. Entries that exceed this word limit will be disqualified.
- Additional materials or evidences to justify application may be uploaded.
- Judges will sign a confidentiality and Non- disclosure agreement
- Carefully consider the judging criteria for each category of award.
- Select the category or categories you wish to enter. You must submit a separate entry for each category. No initiative can be entered into more than one category.
- All entries should be endorsed by a CEO/Managing Director and Board Risk Committee, with contact details included on the entry form.
Candidates for Risk Manager/Young Risk Manager of the Year must attach a letter of support/endorsement of their application, from their MD/CEO and Board Risk Committee. - In the Risk Manager/Young Risk Manager of the Year category, the applicant should obtain approval to undertake the ambassadorial role implicit in attending an International Annual Conference in 2022/2023.
- The judges reserve the right to contact applicants and/or their MD/CEO/ Board Risk Committee for additional information where appropriate.
- Entries not conforming to the Judging Criteria may be disqualified.
- Entries must be received before 23:59hrs (GMT+1), 22nd of April 2022. Late entries will not be considered.
- Shortlisted finalists will be notified in writing on 1st May 2022.
- All entries become the property of Conrad Clark Nigeria. In the interest of promoting good practice in Enterprise Risk Management, Conrad Clark Nigeria reserves the right to publish the entries in full or in summary, and produce feature articles based on their contents.
- Conrad Clark Nigeria and the awards sponsors reserve the right to withdraw the presentation of any award should the expected level of quality not be met. The judges’ decisions are final and no correspondence will be entered into.