2 Operational Risk Officer Job Opportunities – DFCU Bank

Job Title:    Operational Risk Officer (2 Job Placements) Organization:  DFCU Bank Duty Station:  Eastern and Western, Uganda Reports to:  Operational Risk Manager (Supervisory)   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:  Reporting to the Operational Risk Manager (Supervisory), the Operational Risk Officer will be responsible for supporting the effective functioning of the Operational Risk Management Assurance Framework (ORMAF) within the businesses by executing, and maintaining programs and activities related to management of critical operational risks and guiding staff on Operational Risk Management for sustainable value addition to the Bank and its shareholders.   Key Duties and Responsibilities:  
  • Promote a strong operational risk management and compliance culture among all staff through training.
  • Through the Operational Risk Managers, advise the Business 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 as part of the assurance initiatives.
  • Check branches for compliance with the Bank’s Business Continuity Management program.
  • Promote the use of self assessments and participate in timely and quality review of these to improve risk identification.
  • Work with process owners within business functions critical to day to day operations to document key processes and quickly recognize controls for the gaps.
  • Support the risk managers to develop and improve risk assessment and measurement techniques and tools, including use of Key Control Self-Assessments (KCSA), team sessions, or other methods of improving overall quality of Operational Risk reporting and accuracy.
  • Support the use of tools within the Risk Management team to maintain and improve the accuracy of risk information and efficiency of the team including maintaining the risk register and periodic reporting of the status of tracked risks.
  • Prepare, update, and circulate key control responsibilities and checks for each job holder across the branch network to achieve conformity with operating guidelines.
  • Promote a no surprise environment by performing snap checks on branch cash, targeted controls, etc.
  • Perform testing on identified operational risk controls to ensure they have adequate governance, evidence of execution and appropriate monitoring and execution.
Qualifications, Skills and Experience:
  • The ideal candidate for the DFCU Bank Operational Risk Officer should hold a Degree level education preferably in a business-related field.
  • At least four years’ experience in banking operations.
  • Good knowledge and understanding of banking operations, processes, and regulatory requirements.
  • Ability to deal with problems which have a variety of possible solutions; strong problem-solving abilities.
  • Intermediate interpersonal communication skills to explain bank policies and procedures.
  • Make decisions of an operational nature. Good analytical skills; quantitative, qualitative and, independently.
  • Ability to interpret workflows and operational procedures thus detail oriented.
  • General knowledge of risks related to businesses and the industry.
  • Thorough knowledge and understanding of banking operations, processes, and regulatory requirements.
  • Interpersonal communication skills to explain bank policies and procedures.
  • Ability to easily adapt to changes in regulatory requirements, bank processes and procedures.
  • Ability to formulate training materials and conduct training sessions for branches on controls and Operational Risk management.
  How to Apply: All suitably qualified and interested candidates are encouraged to send applications with detailed CV’s including present position and copies of relevant professional/academic certificates (University Transcript, O and A level) to the email address indicated below; Vacanciesbank@dfcugroup.com   Deadline: 15th April 2021   For more of the latest jobs, please visit https://www.theugandanjobline.com or find us on our facebook page https://www.facebook.com/UgandanJobline

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