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Job Title:  Head of Risk

Organisation: I&M Bank Uganda

Duty Station: Kampala, Uganda

Reports to: Chief Executive Officer

About Organisation:

I&M Bank is a leading banking and insurance group in Eastern Africa with a presence in Kenya, Mauritius, Rwanda, Tanzania and Uganda. I&M Bank Uganda is a commercial bank headquartered at Kampala Road plot 6/6A with a growing regional presence.  The Bank offers a wide range of commercial banking and financial products and services, and prides itself on introducing innovative products and services based on the needs of its customers.

Job Summary:   The Head of Risk is an executive-level position responsible for developing, implementing, and managing the Bank’s overall risk management framework, including emerging risks from digital transformation and technology. The Head of Risk will ensure that risks across all areas are identified, assessed, and mitigated. This role will foster a risk-aware culture, aligns the Bank’s risk appetite with strategic objectives, and embeds resilience and sustainability into business operations.

Key Duties and Responsibilities:

Risk Governance and Strategy

• Develop and oversee the Bank’s enterprise risk management (ERM) framework, integrating ESG, sustainability, digital transformation, technology risks, and business continuity considerations.
• Define and communicate the Bank’s risk appetite and tolerance levels to stakeholders, ensuring alignment with both strategic and technology-driven initiatives.
• Embed risk considerations into strategic planning, digital transformation roadmaps, decision-making, and operational processes.

Risk Identification, Assessment, and Mitigation

• Identify, assess, and manage risks across all domains.
• Incorporate fraud detection and prevention mechanisms into risk assessments, leveraging analytics and real-time monitoring tools.
• Evaluate business continuity risks, including potential disruptions to operations, supply chains, and technology infrastructure.
• Develop and implement risk assessment tools, fraud detection frameworks, and climate risk models to monitor and mitigate exposures.

ESG, Climate Risk, and Sustainability Risk Management

• Oversee the development and maintenance of an Environmental and Social Management System (ESMS) to address environmental and social risks.
• Integrate climate risk considerations, including physical and transitional risks, into operational and strategic frameworks.
• Monitor the Bank’s ESG performance and ensure alignment with global sustainability frameworks such as TCFD, GRI, and SASB.
• Develop mitigation strategies for ESG and sustainability risks, including those related to resource efficiency, carbon emissions, and regulatory compliance.

Fraud Risk Management

• Design and implement a comprehensive fraud risk management program, including preventive, detective, and corrective measures.
• Lead investigations of fraud incidents, ensuring root causes are analyze, addressed and mitigated.
• Foster a culture of integrity and accountability, providing fraud awareness training to employees at all levels.
• Develop anti-fraud policies and response protocols.

Business Continuity Planning (BCP) and Crisis Management

• Develop, implement, and oversee the Bank’s Business Continuity Plan (BCP) to ensure resilience during disruptions.
• Conduct regular risk assessments and scenario planning to identify vulnerabilities in critical operations and supply chains.
• Establish and test disaster recovery and emergency response protocols to address crises such as cyberattacks, natural disasters, and pandemics.
• Lead the Bank’s response to risk events, ensuring effective communication, damage control, and recovery.
• Conduct post-incident reviews to evaluate the effectiveness of BCP measures and identify areas for improvement.

Leadership and Culture

• Promote a culture of risk awareness, accountability, and integrity across the Bank.
• Provide guidance, training, and support to staff on risk management, fraud prevention, ESG, and BCP practices.
• Lead and develop the risk management team, ensuring alignment with the Bank’s goals and priorities.

Reporting and Communication

• Report on risk exposures, emerging threats, and mitigation strategies to the Board of Directors and Senior executives.
• Provide actionable insights and recommendations to strengthen resilience against fraud, climate, and operational risks.
• Develop risk dashboards and analytics for senior management.
• Ensure transparency and accountability in risk communication to internal and external stakeholders.

Technology and Innovation

• Leverage advanced technology, including AI-driven analytics and fraud detection tools, to enhance risk monitoring and reporting.
• Utilize climate risk modelling tools to assess physical and transitional risks.

Key Performance Indicators (KPIs)

• Enterprise risk maturity index and integration of digital transformation risks.
• Effectiveness of fraud detection and prevention programs (e.g., reduced fraud incidents and losses).
• Resilience of business operations, as measured by BCP testing outcomes and crisis response effectiveness.
• Progress on sustainability targets, including carbon neutrality and ESG performance metrics.
• Responsiveness and effectiveness in addressing fraud, climate, and operational risk events.
• Quality and timeliness of risk reporting to stakeholders.
• Stay abreast of advancements in risk management technologies.

Qualifications, Skills and Experience:

• Bachelor’s degree in finance, business administration, risk management, environmental science, or a related field.
• A master’s degree (MBA, MSc) in risk management is preferred.

Preferred Certifications

• Financial Risk Manager (FRM)
• Certified ESG Analyst (CESGA)
• Sustainability and Climate Risk (SCR) Certificate
• Certified Fraud Examiner (CFE)
• Certified Information Systems Security Professional (CISSP) or Certified Information Security Manager (CISM)
• Business Continuity Management (BCM) certifications, such as ISO 22301 Lead Implementer.

Work Experience

• Minimum of 10–15 years of experience in risk management preferably in financial institutions.
• Proven track record of developing and implementing enterprise risk frameworks.
• Experience in managing environmental and social risks through ESMS and integrating climate risks into strategic planning.

Key Required Competencies & Skills

Technical Skills

• Deep understanding of risk management frameworks (e.g., COSO ERM, ISO 31000) and ESG standards.
• Expertise in fraud detection and prevention strategies.
• Knowledge of BCP frameworks and disaster recovery planning.
• Proficiency in climate risk modelling, sustainability reporting frameworks (e.g., TCFD, GRI), and ESMS.
• Familiarity with risk management tools
• Leadership Skills
• Strong leadership and team management capabilities.
• Ability to influence and collaborate with Board members, Senior Management, and Cross-functional teams.
• Excellent communication and presentation skills to convey complex risk concepts to diverse audiences.
• Strategic and Analytical Thinking
• Strong problem-solving and decision-making skills under uncertainty.
• Ability to anticipate emerging risks and proactively design mitigation strategies.
• Exceptional analytical skills to evaluate and prioritize risks based on potential impact.

Behavioural Competencies

• High ethical standards and integrity.
• Resilience under pressure and ability to navigate crises effectively.
• Adaptability to changing regulatory landscapes and evolving risk environments.

How to Apply:

All suitably qualified and interested applicants should apply online at the link below.

Click Here

Deadline: 10th March 2025 by 5pm

Note: Only shortlisted candidates will be contacted

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