Opportunity Bank Head of Risk Jobs in Uganda

Opportunity Bank Head of Risk Jobs in Uganda

Job Description

Vacancy title:
Head of Risk

Type: Full Time, Industry: Banking , Category: Administrative & Office

Jobs at:

Opportunity Bank

Deadline of this Job:
25th Nov 2019

Duty Station:
Within Uganda , Kampala , East Africa

Summary

Salary: Not Disclosed

Job Details:

Opportunity Bank is the Bank of choice for all who aspire to a life of dignity and purpose, offering innovative technology led financial solutions and training to transform lives and Communities.

The Bank recently obtained a commercial banking licence from Bank of Uganda and is now looking for a likeminded, creative, agile and result driven individual to fill the following position;

As a member of the senior management team(Exco), the job holder is responsible for developing and devising mitigation strategies and ensuring follow through to give assurance to the Board, Management and Bank of Uganda that bank-wide risks are identified, measured, managed and reported in line with existing risk management guidelines and by large best global practices.

This entails embedding the bank's Enterprise Risk Management ERM with a critical role to proactively identify and understand the potential threats, identify opportunities, actions or events that will adversely affect the bank's ability to achieve its objectives. .

Key roles and responsibilities:

Designing and implementing an overall risk management process for the Bank, which includes an analysis of the financial and non-financial impact on the Bank

Ensure that bank-wide risk management policies, controls and procedures, are effectively implemented, disseminated and complied with across the branch network

Develop risk reports for Board and Executive management review to facilitate active risk oversight whilst ensuring that the country's risk framework is in accordance with regulator guidelines

Develop and implement an effective countrywide business resumption plan, conducting scenarios analysis and review in a drive to assess potential risk to the business and identifying possible solutions to avoid business interruptions Improve shareholder returns through value based management and control and reduction of visible and hidden costs

Establish a comprehensive and continuing training program on the various risks that the Bank faces so as to embed knowledge of policies and procedures across the business and the branch network Develop and periodically review risk management limits, quantitative, measurement ratios and information systems, that, address the bank'st,rişk Profiles in line with

vegulator !!
guidelines, bank strategic business plan and best practice 1, c

Establishing an integrated country-wide framework for **measuring and monitoring all aspects of market risk across the firm, compiling analytical reports for the Assets and Liabilities Committee (ALCO), optimizing the bank's market risk portfolio through business activities and risk transfer strategies.

Identify, measure, monitor and manage credit risks, credit risk exposure limits and trends, develop credit risk reports, track exceptions to policies, ensure adequate controls over credit risk and overall, establish an appropriate credit risk environment /culture.

Design and implement a fraud risk strategy that will enable the bank to mitigate internal as well as external frauds Lead and empower members of the department in a manner that empowers them to deliver the objectives of the bank strategy.

Ensure the bank establishes adequate standards and procedures to guide employees and agents in order to create reasonable stakeholder expectations, ensure standards and expectations are institutionalized, consistently enforced within the bank, evaluate and report on the bank's performance against these standards, procedures, and expectations.

Shape a healthy and positive business ethics culture for the Bank through implementation of country ethics program

Job Skills: Not Specified

Job Qualifications:

A University degree, preferably in a Business related

or Science discipline from a reputable and recognized institution. Possession of a Master's degree or Professional qualifications e.g, CPAU, CA, ACCA, ACIB, etc. would be an added advantage. Specialized training in Risk Management and a strong conceptual awareness of BaselIl requirements.

A minimum of 7 years broad banking experience; at least 3
years of which should be as a leader in a Risk function.

Knowledge of bank-wide business functional processes
as well as banking products and services, strong leadership skills and governance awareness, able to communicate to all stakeholders very well and clearly, knowledge of the Financial Institutions Act and Banking regulatory guidelines, strong business acumen and financial analysis and
excellent judgment abilities whilst aware of risk-return

Job Education Requirements: A University degree

Job Experience Requirements: 7 years

Job application procedure

Interested candidates should send their signed application letters together with their curriculum vitae not later than Friday, 25th November 2019 to:

The Human Resources Manager, Opportunity Bank Uganda Limited, Plot 1259, Old Kira Road, Littlun . Po. Box 33513, Kampala Note: Applications submitted after, the deadline shall not be accepted