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Job Title:   Risk Associate

Organisation: Britam

Duty Station:  Kampala, Uganda

About US:

Britam is a leading diversified financial services group, listed on the Nairobi Securities Exchange. The group has interests across the East African region and offers a wide range of financial products and services in Insurance, Asset Management, Banking and Property. The product range includes life, health and general insurance, pensions, unit trusts, investment planning, wealth management, off-shore investments, retirement planning, discretionary portfolio management, property development and private equity.

Job Summary:  The Risk Associate will be responsible for the implementation of risk frameworks, risk identification, assessment, and mitigation strategies. Ensuring these aspects are embedded into the operations of the firm in consultation with the Internation Business Risk Manager and the Chief Executive Officer.

Key Duties and Responsibilities:

Risk identification, mitigation, monitoring

• Co-ordinate and improve risk management within departments
• Review all Internal & External Audit reports to extract relevant risk & control information for use in reporting and remediation.
• Monitor and act on any Key Risk Indicators (KRIs) adverse trends that arise
• Monitor resolution of all associated Internal Audit recommendations post-audit issues
• Assess compliance with policies and procedures in the departmental units, with emphasis on controls
• Coordinate the formulation of scenarios to be tested at least annually
• Coordinate the recording of the risk incidents and carry out the root cause analysis
• Regularly collate the operational loss data and maintain the database

Business processes and policies reviews

• Working with Business units within the firm to establish, maintain and continuously improve risk management capabilities.
• Coordinating Risk & Control Self-Assessment (RCSA) framework across the various Business and Support units.

Company and Business

• Ensure sufficient follow through on management actions to mitigate risks identified
• Ensure Continuous risk identification and assessment program through timely completion of RCSA & KRI returns
• Champion documentation of inter-departmental SLAs during quality assurance reviews.
• Review key outsourcing arrangements for the firm in line with regulator outsourcing guidelines.

Business Continuity Management (BCM)

• Work with Risk manager to implement BCM framework for the firm
• Review of programs and tools to ensure they are updated.
• Ensure BCP testing is carried out as per schedule for both the business and support unit.
• Train staff on BCM in conjunction with the International Business Risk Manager

Management Committees

• Prepare the report pack for the Management Risk Committee (MRC) meeting
• Coordinate the secretarial work for the MRC meetings
• Support the Risk Manager to prepare any risk reports to any other Management Committee.

Qualifications, Skills and Experience:

• The ideal applicant should hold be a University graduate with possession of a risk-related or actuarial professional qualification.
• Possess a professional diploma in risk management or actuarial science​​​​​​.
• Three years of working experience in the insurance and financial services environment, with sound exposure to insurance Operations, Regulatory and Compliance requirements.
• Knowledge of Insurance and Business Operations: Well-round knowledge of the insurance operations and processes and excellent knowledge of Insurance policies and procedures.
• Risk Management: Ability to anticipate and mitigate risk by developing appropriate Risk Management Policies for the Firm.
• Compliance Standards and Legislations: Excellent knowledge of International Accounting and Standards, and Legislations.
• Compliance and Regulatory Framework: Good understanding of relevant regulatory requirements
• Conceptual and Analytical Skills: Ability to quickly grasp and understand systems and keen to detail.

How to Apply:

All candidates should apply online at the link below.

Click Here

Deadline: 15^th February 2022

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