Vacancy – Head Risk Management

JOB ADVERT

POSITION: HEAD RISK MANAGEMENT

REPORTING TO: MANAGING DIRECTOR

Purpose of position:

Responsible for identifying and managing inherent and residual risks facing the

Bank. The Head Risk Management is therefore expected to establish, manage

and monitor a disciplined, comprehensive and integrated approach to identifying,

measuring, controlling and reporting the Credit, Market, Liquidity and Operational

risks faced by the Bank.

Key Responsibilities:

 Establish risk management policies & procedures and in liaison with the audit

department; establish an effective system of controls that promote efficient

operations.

 Monitor and evaluate compliance with the risk management framework of the

bank, reviewing the risk management model and generating periodic reports in

line with risk management policy and procedures.

 Ensure the daily market risk, credit risk; legal risk, compliance risk and

operational risk are within acceptable levels to the board, management and the

regulator.

 Review, identify and quantify the various operational risks of the bank and

highlight ownership of existing risk exposure in line with the Risk policy.

 Educate both existing and new banking staff about all aspects of operational risk

pertaining to their specific roles in line with HR policy and Operational Risk

policy.

 Monitor and evaluate the tests performed on the bank’s business continuity

management preparedness including IT disaster recovery plans.

 Enforce the anti-money laundering policy and ensure time lodgement of all

suspicious transactions to Bank of Uganda as per regulatory requirements.

 Implement the Risk Assurance Plan as scheduled providing quality, reliable risk

assurance feedback to management and the Board Risk Management

committee.

 Carry out Risk assessments and UAT (User Acceptance Tests) on all new bank

products/services prior to being approved by management.

 Manage, assess, co-ordinate & ensure the Bank complies with the regulatory

requirements so as to avoid violations or non-conformance with, laws, rules,

regulations, prescribed practice, or ethical standards.

 Develop and manage mechanisms, which will ensure adherence to principles of

good corporate governance and ethics. These to include the establishment and adherence to Board and Directors’ Charters, Board and Sub-board composition, 

Board of Directors’ Performance Evaluation, Meetings and Minutes.

 Provide reports (MI) on a regular basis, and as directed or requested, Keep the 

Board Risk Management Committee and Senior Management informed of the 

operations and progress in the Enterprise wide Risk Management Unit.

 Identify and manage risks related to environmental, social, and governance 

issues, which can impact the financial performance and brand of the Bank.

 Oversee the implementation of ESG policies and ensure that the bank is meeting 

its sustainability goals and in line with regulatory requirements

 Ensure proper reporting of violations or potential violations to relevant authorized 

enforcement agencies as appropriate or required to prevent further 

penalties/fines.

 Formulate and annually review the Enterprise wide Risk Management,

Procedures, Templates, and Job Descriptions & Objectives to make sure they 

are in tandem with the changing operational environment.

 Co-ordinate with Internal & External Audit/Examination functions & the relevant 

departments to prevent/investigate areas that show signs of current or future 

non-compliance/weaknesses to both internal & external regulations.

 Liaison unit of the Bank with Bank of Uganda officials and other Regulatory 

Bodies as may be advised.

Desired knowledge, skills and abilities set:

 Minimum of a Bachelor’s degree in Finance, Economics, Commerce or Business 

Administration or any other related field 

 A minimum of 7 years’ experience in Banking (Risk Management) and another 5 

years at managerial level

 Ability to think strategically

 Good communication, Interpersonal and Analytical skills

 Strategic and Project Planning skills

 Extensive knowledge of Risk Management practices 

 Extensive experience in Leadership and People Management 

 Balance sheet management and treasury skills 

 Strategic awareness and excellent problem solving and decision making skills 

 Knowledge of Finacle banking solutions is of benefit.

Interested Candidates , please share your CVs to: jobs@ezer-consult.com