Risk Manager Employment Placement – EFC Uganda Limited (MDI)

Job Title:      Risk Manager
Organization: EFC Uganda Limited (MDI)
Duty Station: Kampala, Uganda
Reports to: Management Risk Committee / Managing Director
About US:
Uganda Limited (MDI) is a leading deposit taking Microfinance Company
supervised by the Bank of Uganda and it provides financial services to micro
and small size enterprises (MSEs). Its major purpose is to provide increased
access to specialized financial services for entrepreneurs while contributing
to wealth creation, improvement of living conditions and development of the
Ugandan private sector.
Job Summary: The Risk Manager’s primary objective is to be
distinctly responsible for EFC’s risk management function and comprehensive
risk management program (i.e. EFC Integrated Risk Management Program Framework
No. 13100) across the entire organization. The Risk will be accountable for the
identification, measurement, monitoring and control of the risks undertaken by
EFC and to participate in developing, advising, implementing and updating risk
policies, processes, controls and tools. The Risk Manager’s independence is an
essential component in the effectiveness of EFC’s risk management framework and
as such the incumbent shall have access to all business lines within the
institution that have the potential to generate material risk in order to
enable an in-depth understanding of the underlying risks. The Risk Manager is
primarily responsible to provide leadership, coordination and oversight and to
plan, control and direct the effective risk functions within EFC including but
not limited to internal operational controls, maintaining and exceeding
established deadlines and quality standards, providing departmental budget
management oversight and defining effective policies and procedures that assure
efficient and productive operations.
Key Duties and Responsibilities: 
  • The incumbent will identify key risks
    inherent in EFC’s major business activities;
  • Assess the identified risks and measure EFC’s
    exposures to them;
  • Keenly monitor the risk exposures and
    determine the corresponding capital needs (capital planning) on an ongoing
  • Report to the Board’s Asset & Liability /
    Risk Committee (ALRC) and the Management Risk Committee (MRC) as
    appropriate on all above items;
  • Monitor and assess decisions to accept
    particular risks, risk mitigation measures and whether risk decisions are
    in line with the Board approved risk strategies, policies as well as risk
    tolerance / appetite levels;
  • Support the Board’s Asset & Liability /
    Risk Committee (ALRC) and the Management Risk Committee (MRC) with
    oversight, implementation and operational management of the EFC Risk Management
    Policies and Framework;
  • Coordinate the activities of the MRC,
    consolidate risk reports from Heads of Business Units, report to the MRC
    during quarterly meetings, take minutes for the Committee’s meetings and
    compile the Committee’s quarterly report to the ALRC;
  • The incumbent will have direct access and
    report to the Board’s ALRC on all matters relating to EFC’s risk
    management program;
  • Provide effective and efficient day-to-day
    leadership and management to the Risk Management Department;
  • Mobilize department personnel according to
    the objectives of EFC with an enabling skills development and capacity
    building approach.
  • Establish and maintain expert working
    knowledge of the EFC Risk Management Policies and Framework together with
    the Central Bank and other applicable regulatory body circulars,
    regulations and guidelines;
  • Manage and ensure appropriate risk
    assessments are completed for new products and services in accordance with
    EFC’s Product Development Policy (No. 13016);
  • Keenly monitor and report new developments
    relative to risk management and all applicable regulatory body regulation
    • Keep EFC Senior Management apprised
      of such developments
    • Assess the effect they may have on
  • Provide suggestions on risk management with
    new / revised regulations and the drafting of EFC risk management policies
    and procedures;
  • Collaborate with internal and external auditors
    relating to risk management;
  • Oversee and ensure appropriate follow-up and
    correction of deficiencies noted in the Internal Audit Reports (minor,
    moderate and major), External Audit Reports and Central Bank Examination
  • Offer timely support and coaching as deemed
    appropriate to those Heads of Business Units and employees responsible for
    specific risk management requirements;
  • Perform any other related duties and
    responsibilities as assigned by the MRC.

Qualifications, Skills and Experience: 
  • The ideal candidate for the Risk Manager
    career opportunity should preferably hold a Master’s Degree in Finance
    related studies (i.e. risk management, finance or economics, management or
    business studies etc.) but a Bachelors may be considered combined with
    relevant experience;
  • A minimum of three years of relevant middle
    management experience in a financial institution;
  • Broad risk management knowledge and
    experience with specific microfinance / banking technical knowledge of
    operations, IT, liquidity, market, credit, reputation, strategic and
    compliance risk;
  • The Risk Manager should have extensive practical
    knowledge of microfinance / banking best practices in risk management,
    corporate governance and Central Bank / other applicable regulatory body
    regulations and laws together with the foresight to see how the intricate
    day-to-day risk management activities link with and support the
    achievement of the vision and mission of the EFC.
  • Independent and objective;
  • Good leadership and management skills;
  • Possess good writing, documentation, meeting
    facilitation and presentation skills;
  • Keen attention to detail and accuracy with
    strong numerical skills and the ability to evaluate costs;
  • Proven ability to relate effectively across
    different levels of authority;
  • Excellent analytical, written / verbal
    communication, interpersonal, and relationship building skills;
  • Strong computer skills (Word, Excel, Power
    Point, database, etc.).
How to Apply:
suitably qualified and interested candidates are encouraged to send a letter of
interest explaining their motivation for the position applied for together with
their Curriculum Vitae, three professional references and copies of academic
certificates/diplomas. The complete applications must be sent via E-mail only
to: HR_OFFICER@efcug.com.
NB: The job title should be included in the subject
of each application.
Deadline: 6th October 2017 by 02:00 PM

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