The Ugandan Jobline

Job Title:            Head of Risk

Organisation:
Opportunity Bank

Duty
Station: Kampala, Uganda

About us:

Opportunity Bank is the Bank of choice for all who
aspire to a life of dignity and purpose, offering innovative technology led
financial solutions and training to transform lives and Communities. The Bank
recently obtained a commercial banking licence from Bank of Uganda and is now
looking for a likeminded, creative, agile and result driven individual to fill
the following position; As a member of the senior management team(Exco), the
job holder is responsible for developing and devising mitigation strategies and
ensuring follow through to give assurance to the Board, Management and Bank of
Uganda that bank-wide risks are identified, measured, managed and reported in
line with existing risk management guidelines and by large best global practices.
This entails embedding the bank’s Enterprise Risk Management ERM with a
critical role to proactively identify and understand the potential threats,
identify opportunities, actions or events that will adversely affect the bank’s
ability to achieve its objectives. .

Key Duties and Responsibilities:

·      
Designing and implementing an overall risk
management process for the Bank, which includes an analysis of the financial
and non-financial impact on the Bank

·      
Ensure that bank-wide risk management policies,
controls and procedures, are effectively implemented, disseminated and complied
with across the branch network

·      
Develop risk reports for Board and Executive
management review to facilitate active risk oversight whilst ensuring that the
country’s risk framework is in accordance with regulator guidelines

·      
Develop and implement an effective countrywide
business resumption plan, conducting scenarios analysis and review in a drive
to assess potential risk to the business and identifying possible solutions to
avoid business interruptions Improve shareholder returns through value based
management and control and reduction of visible and hidden costs

·      
Establish a comprehensive and continuing
training program on the various risks that the Bank faces so as to embed
knowledge of policies and procedures across the business and the branch network
Develop and periodically review risk management limits, quantitative,
measurement ratios and information systems, that, address the bank’st,rişk
Profiles in line with vegulator !! guidelines, bank strategic business plan and
best practice 1, c

·      
Establishing an integrated country-wide
framework for **measuring and monitoring all aspects of market risk across the
firm, compiling analytical reports for the Assets and Liabilities Committee
(ALCO), optimizing the bank’s market risk portfolio through business activities
and risk transfer strategies.

·      
 Identify,
measure, monitor and manage credit risks, credit risk exposure limits and
trends, develop credit risk reports, track exceptions to policies, ensure
adequate controls over credit risk and overall, establish an appropriate credit
risk environment /culture.

·      
Design and implement a fraud risk strategy that
will enable the bank to mitigate internal as well as external frauds Lead and
empower members of the department in a manner that empowers them to deliver the
objectives of the bank strategy.

·      
Ensure the bank establishes adequate standards
and procedures to guide employees and agents in order to create reasonable
stakeholder expectations, ensure standards and expectations are
institutionalized, consistently enforced within the bank, evaluate and report
on the bank’s performance against these standards, procedures, and
expectations.

·      
Shape a healthy and positive business ethics
culture for the Bank through implementation of country ethics program

Qualifications,
Skills and Experience:

·      
The ideal applicant must hold a University
degree, preferably in a Business related or Science discipline from a reputable
and recognized institution.

·      
 Possession of a Master’s degree or
Professional qualifications e.g, CPAU, CA, ACCA, ACIB, etc. would be an added
advantage.

·      
Specialized training in Risk Management and a
strong conceptual awareness of BaselIl requirements.

·      
At least 7 years broad banking experience; at
least 3 years of which should be as a leader in a Risk function.

·      
Knowledge of bank-wide business functional
processes as well as banking products and services, strong leadership skills
and governance awareness, able to communicate to all stakeholders very well and
clearly, knowledge of the Financial Institutions Act and Banking regulatory
guidelines, strong business acumen and financial analysis and excellent
judgment abilities whilst aware of risk-return

How to
apply:

Interested candidates should send their signed
application letters together with their curriculum vitae to: The Human
Resources Manager, Opportunity Bank Uganda Limited, Plot 1259, Old Kira Road,
Littlun . Po. Box 33513, Kampala Note: Applications submitted after, the
deadline shall not be accepted

Deadline: Friday,
25th November 2019

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