Operational Risk Manager Employment Opportunity – DFCU Bank

Job Title:      Operational Risk Manager
Organization: DFCU Bank
Duty Station: Kampala, Uganda
Reports to: Head of Operational Risk Management
About US:
DFCU Bank is a fast growing commercial bank offering a
variety of innovative products and services. DFCU Limited was started by the
Commonwealth Development Corporation (CDC) of the United Kingdom and the
Government of Uganda through the Uganda Development Corporation (UDC) under the
name of Development Finance Company of Uganda Limited. Later restructuring
brought in DEG (of Germany) and International Finance Corporation (IFC) as
equal partners with CDC and UDC, each having a 25% stake in the company. Its
objective was to support long-term development projects whose financing needs
and risk did not appeal to the then existing financial commercial lending
institutions.
Job Summary: The Operational
Risk Manager will be responsible for the implementation of the Operational Risk
Management Assurance Framework (ORMAF) within the businesses by ensuring all
areas of the Bank manage operational risk in a proactive, risk based and
disciplined manner for sustainable value addition to the Bank and its
shareholders.
Key Duties and Responsibilities: 
       
Participate in developing strategies to
identify, measure, monitor and control operational risk and provide independent
oversight over the operational risk management framework.
       
Regular review of the Bank’s operations to
achieve effective functioning of the Operational Risk Management Assurance
Framework across all units.
       
Promote a strong operational risk management and
compliance culture among all staff through training and holding workshops.
       
Drive ownership of operational risk management
down to Functional/Business Unit level to ensure timely escalation of
significant risks to Management & Board Risk Committee.
       
Periodic control testing to ascertain the
integrity of the controls in the business or function and to actively manage
the portfolio controls, including Generic, and Business Key Controls Self
Assessments.
       
Through the Head of Operational Risk Management,
advise the Business/Function Heads on Operational risk issues. In liaison with
the Risk champions at the first line of defence, provide strong governance
oversight to ensure that the Business is suitably addressing significant
external and internal requirements.
       
Follow up and ensure that all Internal/External
Audit and BOU inspection findings have been fully resolved and that no repeat
findings arise in subsequent audits.
       
Conduct periodic risk-based Function/Business
Unit/Branch reviews to monitor how effective their risk management practices
are and recommend for remedial actions where there are control weaknesses.
       
Timely circulation of minutes of Management Risk
Committee meeting to all members and follow up on all issues arising from
Management Risk Committee meetings and ensure they are actioned within agreed
timelines.
       
Embed risk assessments in all business units,
products/services, projects, activities, new business ventures and support the
risk owners in creation/updating of the respective risk registers while
ensuring the escalation of significant risks.
       
Support the Bank’s digital strategy by
performing the quality assurance role on Bank projects while ensuring any
risks/threats to the Bank’s technology platforms are proactively identified and
advised to the Head of Operational Risk Management or Chief Risk Officer.
       
Coordinate the Bank’s Business Continuity
Management activities including review of departmental BCPs, testing of these
plans, evacuation drills, call tree testing, among others.
       
Track Operational risk events while keeping a
loss data base and sharing lessons learnt to reduce Operational losses.
       
Analyse information and reports to establish
trends and consider initiatives to reduce risk. Review trends reported to
ensure effectiveness and adequacy of controls and their alignment to the Bank’s
operational risk appetite.



Qualifications, Skills and Experience:
       
The applicant for the DFCU Bank Operational Risk
Manager career placement must hold a Degree level education preferably in a
business-related field.
       
Possession of a risk management or audit
qualification is an added advantage.
       
Six years’ banking experience in banking
operations.
       
Thorough knowledge and understanding of banking
operations, processes, products and regulatory requirements.
       
Ability to deal with problems of high
complexity.
       
Strong analytical skills
       
Ability to coach staff on operational risk
issues, prioritizing, and scheduling / accomplishment of work assignments with
minimal supervision.
       
Ability to interpret workflows and operational
procedures.
       
General knowledge of risks related to businesses
and the industry.
       
Proficient computer skills with experience in
Microsoft Office
       
Planning and organisational skills
How to Apply:
All candidates who so wish to join the banking sector in the
aforementioned capacity are encouraged to send their applications with detailed
CVs including present position and copies of relevant professional/academic
certificates (University Transcript, O & A level) to:
Vacanciesbank@dfcugroup.com
Deadline: 15th November 2019
NB: dfcu Bank does not solicit/accept
payment in cash/kind from prospective candidates in exchange for shortlisting
or job placement. Any candidate who engages in this kind of transaction is
aiding and abetting fraud and will be automatically disqualified.
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