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Job Title:   Operational Risk Manager

Organisation: DFCU Bank

Duty Station:  Kampala, Uganda

Reports to: Manager – Fleet and Administration

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 Head of Operational Risk Management, the Operational Risk Manager will be responsible for implementing the effective functioning of 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.

LOCATION: Kampala

Key Duties and Responsibilities:

• Promote a strong operational risk management and compliance culture among all staff through training and holding workshops.
• Participate in developing strategies to identify, measure, monitor and control operational risk and provide independent oversight over the operational risk management framework.
• Ensure the effective functioning of the ORMAF across all units within the bank by regular review of their operations.
• Drive ownership of operational risk management down to Functional/Business Unit level to ensure timely escalation of significant risks to Mgt & Board RISCO.
• Ensure the integrity of the controls in the business or function and to manage actively the portfolio controls, including Generic, and Business KCSAs.
• 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 Mgt RISCO meeting to all members and follow up on all issues arising from Mgt RISCO 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 CRO.
• Ensure the bank’s Business Continuity Management procedure is robust.
• Track Operational risk events while keeping a loss data base and sharing lessons learnt to reduce Operational losses.
• Analyze 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 job placement should 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 of 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 which have a variety of possible solutions – Strong problem-solving abilities.
• Intermediate interpersonal communication skills to explain bank policies and procedures.
• Strong analytical skills; both quantitative and qualitative to independently make decisions of an operational nature.
• 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 thus detail oriented.
• General knowledge of risks related to businesses and the industry.
• Proficient PC skills with experience in Microsoft Office and Outlook, PowerPoint, and others.
• Planning and organizational skills.
• Thorough knowledge and understanding of banking operations, processes and regulatory requirements.
• Ability to deal with problems of high complexity which have a variety of possible solutions.
• Strong problem-solving abilities.
• Intermediate interpersonal communication skills to explain bank policies and procedures.
• Strong analytical skills; both quantitative and qualitative to independently make decisions of an operational nature.
• 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 thus detail oriented.
• General knowledge of risks related to businesses and the industry.
• Excellent communications and engagement skills.
• Strong attention to detail and personal effectiveness.
• Team Player.
• Unafraid to take responsibility, partner with the business whilst retaining independence to provide challenge to the business.

How to Apply:

All suitably qualified please forward your application with a detailed CV including present position and copies of relevant professional/academic certificates (University Transcript, O & A level), to the email address indicated below.

Vacanciesbank@dfcugroup.com

Deadline: 3^rd March 2022

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