Senior Risk Officer – Uganda Development Bank Ltd (UDBL)

Organisation: Uganda Development Bank Ltd (UDBL)
Duty Station: Kampala,
Reports to: Risk Manager
Uganda Development
Bank Ltd (UDBL) is the country’s only Development Finance Institution (DFI)
established in 1972. The Bank has recently re-positioned itself as a partner to
the Government of Uganda in delivering the theme of its National Development
Key Duties and Responsibilities: 
  • Implement the Risk Management function of the Bank in line with the
    Risk Management Procedures and Policy
  • Review procedures and report major risks facing the Bank in line
    with the Bank’s Risk Management procedures Regularly visit business units
    of the Bank and meet with its managers to promote imbedding risk
    management into the culture and daily activities of the Bank in line with
    best practice Maintain a cost benefit focus on Enterprise Risk Management
    in the Bank.
  • Communicate and manage the establishment and ongoing maintenance of
    Enterprise Risk Management pursuant to the Bank’s risk management
  • Develop and maintain a risk management capability in all Business
    units of the Bank in line with the Bank’s Risk Management policy
  • Assess to establish whether Enterprise Risk Management is
    functioning in each business unit of the Bank and that all significant
    risks are being recognized and effectively managed in a timely manner.
  • Work with the Banks business unit heads to ensure business plans and
    budgets include risk identification and management. Validate Key Risk
    Indicators (KRIs) identified by the business units and track threshold
  • Liaise with the various business units of the Bank to identify and
    review the Bank’s risk profile and strategy in line with the Risk
    Management Framework of the Bank.
  • Review/Update Portfolio Loss Event Database.
  • Coordinate risk and control self-assessment (RCSA) in the Bank.
    Perform any other function as assigned by the Risk Manager.
  • Implementation of department work plan.
  • Establishment of risk management systems and procedures. Guidance
    and support given to different bank functions in the area of risk
  • Effectiveness of risk policies in mitigating fraud and other loss
  • Existence of Enterprise risk management framework in the Bank.

Qualifications, Skills and Experience: 
  • The applicant must hold an Honors Degree in any business field.
  • At least five years of cognate experience.
  • A good understanding of the Banking Industry and the financial
  • A good understanding of Financial & Economic issues
  • An excellent grasps of all dimensions of risks, lending and credit
    approval process.
  • Strong interpersonal and communication skills.
  • Ability to work under pressure.
  • Integrity and sound judgment.
  • Analytical.
  • Organized.
  • Responsive individual.
How to Apply:
All candidates
should send their applications by hand delivery to Reception and addressed to:
The Director
Strategy and Corporate affairs,
Uganda Development
Bank Ltd,
Plot 6 Nakasero
1st Floor Wing B,
Rwenzori Towers.
Deadline: 15th February 2019
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