Job Title: Risk Analyst
Organisation: UGAFODE Microfinance Limited (MDI)
Duty Station: Kampala, Uganda
Ref: HR/STAFF/VAC – 23/04/2025/1
About Organisation:
UGAFODE Microfinance Limited (MDI) is a registered financial institution in Uganda and is adherent to the Central Bank’s regulations and guidelines and was founded in 1994 to provide quality microfinance services.
Job Summary: Responsible for providing support in the development and management of the institution’s risk framework by embedding a risk culture awareness through the identification, development and monitoring of the institution’s risk framework and management of the institution’s financial and non-financial risks in line with UGAFODE (MDI) Enterprise Risk Management (ERM) standards.
Key Duties and Responsibilities:
Risk Identification and Assessment
- Development and review of risk matrix for the institution: In conjunction with Head of Risk, initiate draft universal capture/areas of focus for risks by identifying, reviewing and profiling company’s risk appetite for financial and non-financial risks for UGAFODE (MDI) Ltd.
- Facilitating Risk Control Self-Assessments (RCSA) and ensuring that the tool is effectively utilised by operational units for proactive risk identification.
- Analysis of information and reports to establish trends and put in place measures to identify the risk.
- Identify major operational risks affecting business operations and taking necessary steps to measure, monitor and control exposure accordingly.
- To implement and enforce measures that will improve the standards in risk management in the Institution.
Control / Monitoring
- Monitoring and conducting operational loss data collections, Risk Control Assessment (RCA), Updating Risk Registers and Key Risk Indicator (KRI) exercise across the Institution.
- Monitoring the development and implementation of adequate operational risk mitigation tools and periodically reviewing the adequacy of the risk mitigation programs / measures undertaken by the Institution.
- To participate in the formulation and review of operational policies and procedures prior to approval by the Risk Management Committee.
- Reviewing the material operational risk exposures of specific business units / support functions (including compliance risk) and the Institution as a whole (together with mitigating controls) as well as the overall operational risk profile of the Institution to address key issues in the best way possible.
- Monitoring and reporting incidents through the incident management system and escalating issues to the concerned departmental/unit leaders.
- Ensuring adequate frameworks for measuring and reporting of operational risks and calculation of capital requirement for operational risk.
- Escalating the key operational risk issues and matters to the Head of Risk Management for review, guidance and instructions for remedial actions
- Review new product proposals, propose and recommend operational processes and procedures for management of such products.
- Support with risk awareness in institutional projects: Participate in the identification, assessment and management of potential risks in all institution projects, investments, processes and policies by highlighting potential risks and due mitigations to avert financial or non- financial losses.
- Participate in the identification, assessment, control and reporting of outsourcing risk.
- Perform stress testing and business continuity testing as required by the stress testing and business continuity framework respectively.
- Support with Risk awareness: Conduct trainings including induction training to new staff and other awareness sessions to staff and management highlighting.
- Compliance: Ensure adherence to set internal and external policies, procedures and other guidelines governing risk identification, assessment, control and overall Risk management processes in the institution and profession.
- Reporting:
- Prepare reports as required arising out of risk identification, assessment and mitigation to support business efficiencies and further management decision making in the institution.
Qualifications, Skills and Experience:
- A bachelor degree in any of the business-related subjects from a reputable university.
- Minimum 3 years in credit management and/or banking operations
- Knowledge of relevant risk management frameworks and techniques, e.g. credit, operational, liquidity, market, regulatory, strategic and reputational
- Financial acumen encompassing knowledge of data flows and on-off balance sheet items
- Proficient with MS Office and relevant risk management applications.
- Ability to effectively manage multiple competing priorities, follow through, influence and “effectively challenge” others.
- Strong project management skillset.
- Detail oriented and strong communication skills.
- Analytical thinking, creativity and proactive to change management.
How to Apply:
If you believe you meet the requirements as stated above, submit an application letter together with an up-to-date CV to our email: [email protected]. Save the Documents as Your Full Name & indicate the job title you are applying for in the Email Subject Line. Your applications should be addressed to the Head of Human Resources
Deadline: 28th April 2025.
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