Job Title: Manager Risk
Organisation: Insurance Regulatory Authority of Uganda (IRA)
Duty Station: Kampala, Uganda
About US:
The Insurance Regulatory Authority of Uganda (IRA) was established under section 14 of the Insurance Statute 1996 now The Insurance Act, (Chap213) Laws of Uganda, 2000 (Insurance Act) which came into effect on 4th April 1996 and commenced operations in April 1997. The establishment of the Insurance Regulatory Authority of Uganda was a consequence of Government’s adoption of the liberalization and privatization policies which ended its role of directly engaging in the provision of goods and services and taking on the role of supervisor or regulator.
Job Summary: Develop, implement and monitor the Authority’s risk framework by ensuring that all Authority operating procedures meet the compliance requirements defined by the Authority policies.
Key Duties and Responsibilities:
- Review systems of risk management, monitoring, evaluation and assessing the adequacy of these systems.
- Develop, monitor, evaluate, and review the Authority policies and procedures, ensuring that all staff and management within the Authority consistently interpret the guidelines and apply the policies.
- Conduct scenario analysis and review in a drive to assess potential risk to the Authority and identify possible solutions to avoid business interruptions and ensure business continuity at all times.
- Conduct test programs, stress tests, benchmarking, and research to appreciate and determine situations’ impact on the Authority’s operations.
- Develop risk reports for management and the board, highlighting aspects of the business that may cause significant risk. This will enable the development of suitable and practical solutions to mitigate risk to the Authority.
- Develop and review the annual risk work plans in line with the projected Authority activities.
Qualifications, Skills and Experience:
- Bachelor’s (Honours) Degree in Commerce, Business Administration or related field
- Master qualification in a management-related field.
- Professional qualifications (CPA & ACCA, or other professional qualification)
Experience
- At least 5 years of Risk Management experience in a reputable organisation
Business Behavior
- Building an effective control environment
- Communicating with Impact
- Formulating concepts
- Driving continuous improvement and innovation
- Leading and Supervising
How to Apply:
Interested candidates with the above requirements should submit their applications with copies of detailed up-to-date CVs and at least three referees to:
The Chief Executive Officer
Insurance Regulatory Authority of Uganda
Plot 6 Lumumba Avenue, Insurance Tower
P.O. Box 22855, Kampala
Or through email to: [email protected]
Deadline: 6th June 2025
NB: Only shortlisted candidates will be contacted
For more of the latest jobs, please visit https://www.theugandanjobline.com or find us on our facebook page https://www.facebook.com/UgandanJobline