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Job Title:  Head Risk Management   

Organisation: Guaranty Trust Bank Uganda

Duty Station: Kampala, Uganda

Reports to: Managing Director

About Organisation:

Guaranty Trust Bank Uganda is one of the leading banks in Africa. They acquired a 70% stake in the Fina Bank group in to enable them enter the East African market. Guaranty Trust Bank (Uganda) Limited is a member Company of Guaranty Trust Bank Holding Co. PLC (GTCO), one of the leading banks in Africa.

Job Summary:   Responsible for identifying and managing inherent and residual risks facing the Bank. The Head Risk Management is therefore expected to establish, manage and monitor a disciplined, comprehensive and integrated approach to identifying, measuring, controlling and reporting the Credit, Market, Liquidity and Operational risks faced by the Bank.

Key Duties and Responsibilities:

• Establish risk management policies & procedures and in liaison with the audit department; establish an effective system of controls that promote efficient operations.
• Monitor and evaluate compliance with the risk management framework of the bank, reviewing the risk management model and generating periodic reports in line with risk management policy and procedures.
• Ensure the daily market risk, credit risk; legal risk, compliance risk and operational risk are within acceptable levels to the board, management and the regulator.
• Review, identify and quantify the various operational risks of the bank and highlight ownership of existing risk exposure in line with the Risk policy.
• Educate both existing and new banking staff about all aspects of operational risk pertaining to their specific roles in line with HR policy and Operational Risk policy.
• Monitor and evaluate the tests performed on the bank’s business continuity management preparedness including IT disaster recovery plans.
• Enforce the anti-money laundering policy and ensure time lodgment of all suspicious transactions to Bank of Uganda as per requirements.
• Implement the Risk Assurance Plan as scheduled providing quality, reliable risk assurance feedback to management and the Board Risk Management committee.
• Carry out Risk assessments and UAT (User Acceptance Tests) on all new bank products/services prior to being approved by management.
• Manage, assess, co-ordinate & ensure the Bank complies with the regulatory requirements so as to avoid violations or non conformance with, laws, rules, regulations, prescribed practice, or ethical standards.
• Develop and manage mechanisms which will ensure adherence to principles of good corporate governance and ethics. These to include the establishment and adherence to Board and Directors’ Charters, Board and Sub-board composition, Board of Directors’ Performance Evaluation, Meetings and Minutes.
• Provide reports (MI) on a regular basis, and as directed or requested, Keep the Board Risk Management Committee and Senior Management informed of the operations and progress in the Enterprise wide Risk Management Unit.
• Ensure proper reporting of violations or potential violations to relevant authorized enforcement agencies as appropriate or required to prevent further penalties/fines.
• Formulate and annually review the Enterprise wide Risk Management , Procedures, Templates, Job Descriptions & Objectives to make sure they are in tandem with the changing operational environment.
• Co-ordinate with Internal & External Audit/Examination functions & the relevant departments to prevent/investigate areas that show signs of current or future non-compliance/weaknesses to both internal & external regulations.
• Liaison unit of the Bank with Bank of Uganda officials and other Regulatory Bodies as may be advised.

Qualifications, Skills and Experience:

• Minimum of a Bachelor’s degree in Economics, Commerce or Business Administration or any other related field
• A minimum of 7 years’ experience in Banking (Risk Management) with at least 5 years in middle management.
• Ability to think strategically
• Good communication, Interpersonal and Analytical skills.
• Strategic and Project Planning skills
• Extensive knowledge of Risk Management practices
• Extensive experience in Leadership and People Management
• Balance sheet management and treasury skills
• Strategic awareness and excellent problem solving and decision making skills

How to Apply:

All interested candidates should send their application including cover letter, CV and academic documents to the Head of Human Resources, Guaranty Trust Bank Uganda by hand delivery or email to jobsug@gtbank.com

Deadline: 26th January 2025

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