Senior Risk Officer

Key Responsibilities:

1. Risk Identification, Mitigation, Monitoring:
   • Coordinate and enhance risk management within departments.
   • Review internal and external audit reports to extract relevant risk and control information.
   • Monitor and address adverse trends from Key Risk Indicators (KRIs).
   • Oversee resolution of internal audit recommendations.
   • Ensure compliance with policies and procedures, focusing on controls.
   • Coordinate risk incident recording and root cause analysis.
   • Maintain operational loss data and database.
2. Business Processes and Policies Reviews:
   • Establish, maintain, and improve risk management capabilities in collaboration with business units.
   • Coordinate the Risk & Control Self-Assessment (RCSA) framework.
3. Company and Business:
   • Ensure continuous risk identification and assessment through timely completion of RCSA & KRI returns.
   • Champion documentation of inter-departmental SLAs.
   • Review key outsourcing arrangements in line with regulatory guidelines.
4. Business Continuity Management (BCM):
   • Assist the Risk Manager in implementing the BCM framework.
   • Ensure BCP testing and program tools are updated.
   • Train staff on BCM.
5. Management Committees:
   • Prepare reports for the Management Risk Committee (MRC).
   • Coordinate secretarial duties for MRC meetings.
   • Prepare risk reports as needed.

Working Relationships:

• Internal: Collaborate closely with all Britam staff.
• External: Engage with statutory bodies and external consultants/auditors.

Knowledge, Experience, and Qualifications Required:

• University graduate with a qualification in risk or actuarial sciences.
• Professional certification in risk or actuarial studies.
• At least 6 years of experience in the insurance and financial services industry.
• Comprehensive knowledge of insurance operations, policies, risk management, and compliance standards.
• Strong understanding of International Accounting Standards and regulatory frameworks.
• Excellent conceptual and analytical skills, planning, organization, communication, and interpersonal abilities.

Essential Competencies:

• Learning and Researching: Quickly learns new tasks and demonstrates understanding of newly presented information.
• Working with People: Collaborates effectively with team members, shows empathy, and fosters team spirit.
• Applying Expertise and Technology: Utilizes specialist knowledge and technology to achieve objectives.
• Delivering Results and Meeting Customer Expectations: Focuses on customer satisfaction and achieves project goals.
• Following Instructions and Procedures: Adheres to procedures, policies, schedules, and legal obligations.
• Adhering to Principles and Values: Demonstrates integrity, values diversity, and models organizational values.

Job Details:

• Primary Location: Kampala, Uganda
• Job Level: Entry Level
• Job Type: Day Job, Permanent
• Organization: Britam Insurance Company Uganda Limited

Application Process:
Interested candidates can apply here.