Job Title: Head of Risk
Organisation: True North Consult Ltd
Duty Station: Kampala, Uganda
About the Company:
True North Consult Ltd is a boutique HR Consultancy Firm that offers bespoke HR solutions to selected clients in various sectors and industries across East Africa, with operational offices in Kampala, Nairobi and Kigali.
Job Summary: The Head of Risk will be responsible for establishing, implementing, and maintaining an effective risk management framework across the company’s operations. This role requires a strategic thinker with a strong background in risk assessment and mitigation, particularly within the microfinance environment. The successful candidate will oversee the identification, measurement, monitoring, and reporting of risks associated with our product range, ensuring alignment with regulatory requirements and industry best practices.
Key Duties and Responsibilities:
Risk Framework Development
- Design and implement a comprehensive risk management framework tailored to the specific risks associated with boda loans and car logbook loans.
- Develop, review, and update risk policies, procedures, and internal controls in alignment with regulatory standards and business objectives.
Risk Identification and Assessment:
- Continuously identify, assess, and prioritize credit, operational, compliance, market, and reputational risks.
- Collaborate with the credit and underwriting teams to develop and refine risk assessment models and loan underwriting guidelines.
Credit Risk Modelling and Metrics
- Develop and maintain robust credit risk models to measure key metrics including PD, LGD and FPD for both boda and car logbook loan portfolios.
- Validate and continuously recalibrate these models to ensure they accurately capture the credit risk and performance trends of the portfolio.
- Work closely with the analytics team to integrate these metrics into overall risk reporting and decision-making processes.
Monitoring and Reporting
- Establish key risk indicators (KRIs) and reporting mechanisms (dashboards, periodic reports) for effective risk monitoring.
- Provide regular risk reports and insights to senior management and the board, highlighting emerging risks and recommending actionable strategies.
Portfolio Management
- Oversee the analysis of the loan portfolio to identify trends, assess risk exposures, and recommend necessary adjustments to maintain a healthy portfolio.
- Implement stress testing and scenario analysis to evaluate the impact of adverse economic conditions on the loan portfolio.
Compliance and Regulatory Oversight
- Ensure all risk management practices comply with Ugandan financial regulations and international best practices.
- Liaise with regulatory bodies, auditors, and other stakeholders regarding risk management matters.
Training and Culture
- Develop and conduct risk management training sessions for staff across all levels to foster a strong risk culture within the organization.
- Promote a proactive risk management mindset throughout the organization.
Collaboration and Strategic Input
- Work closely with other department heads (e.g., Credit, Operations, Compliance) to ensure integrated risk management across all functions.
- Participate in strategic decision-making, providing risk insights that support business growth and innovation.
Qualifications, Skills and Experience:
- Bachelor’s degree in finance, Economics, Business Administration, or a related field.
- A master’s degree or professional certifications such as CFA, FRM, or similar is highly desirable.
Experience
- 5-10 years of experience in risk management, preferably within financial services or microfinance sectors.
- Proven experience in managing risks associated with consumer or asset-based lending, with a strong understanding of boda loan and car logbook loan dynamics.
- Demonstrated expertise in developing and managing credit risk models with a focus on PD, LGD, and FPD metrics.
Skills and Competencies
- Strong analytical and quantitative skills with the ability to translate complex data into actionable risk insights.
- Excellent communication and presentation skills, with the capacity to influence senior management and board members.
- In-depth knowledge of risk management frameworks, regulatory requirements, and best practices in the microfinance industry.
- Proficiency in risk management software and analytical tools.
- Ability to work in a dynamic, fast-paced environment, managing multiple priorities and meeting deadlines.
Reporting Structure
The Head of Risk will report directly to the Chief Executive Officer (CEO) and will work collaboratively with the executive management team.
Work Environment
This is a full-time position based in Kampala, Uganda. Occasional travel to branch offices, industry conferences, and regulatory meetings may be required
How to Apply:
Please share your CV and Academic Documents to [email protected] with subject line Head of Risk by 8th April, 2025.
All applications shall be acknowledged as received but only shortlisted candidates will be contacted.
All applicants should share their CV’s and Cover Letters in PDF or MS Word STRICTLY.
Deadline: 8th April 2025
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