Head of Risk
2025-04-02T17:55:48+00:00
True North Consult Ltd
https://www.greatugandajobs.com/jsjobsdata/data/employer/comp_1862/logo/True%20North%20Consult%20Ltd.png
https://www.truenorthafrica.com
FULL_TIME
Kampala
Kampala
00256
Uganda
Consulting
Accounting & Finance
2025-04-08T17:00:00+00:00
Uganda
8
• Reports To: Chief Executive Officer (CEO)
• Supervises: N/A
• Interacts/Interfaces with: N/A
Job Purpose:
o The Head of Risk will be responsible for establishing, implementing, and maintaining an effective risk management framework across the company's operations.
o This role requires a strategic thinker with a strong background in risk assessment and mitigation, particularly within the microfinance environment.
o The successful candidate will oversee the identification, measurement, monitoring, and reporting of risks associated with our product range, ensuring alignment with regulatory requirements and industry best practices.
Job Responsibilities:
o Risk Framework Development
• Design and implement a comprehensive risk management framework tailored to the specific risks associated with boda loans and car logbook loans.
• Develop, review, and update risk policies, procedures, and internal controls in alignment with regulatory standards and business objectives.
o Risk Identification and Assessment:
• Continuously identify, assess, and prioritize credit, operational, compliance, market, and reputational risks.
• Collaborate with the credit and underwriting teams to develop and refine risk assessment models and loan underwriting guidelines.
o Credit Risk Modelling and Metrics
• Develop and maintain robust credit risk models to measure key metrics including PD, LGD and FPD for both boda and car logbook loan portfolios.
• Validate and continuously recalibrate these models to ensure they accurately capture the credit risk and performance trends of the portfolio.
• Work closely with the analytics team to integrate these metrics into overall risk reporting and decision-making processes.
o Monitoring and Reporting
• Establish key risk indicators (KRIs) and reporting mechanisms (dashboards, periodic reports) for effective risk monitoring.
• Provide regular risk reports and insights to senior management and the board, highlighting emerging risks and recommending actionable strategies.
o Portfolio Management
• Oversee the analysis of the loan portfolio to identify trends, assess risk exposures, and recommend necessary adjustments to maintain a healthy portfolio.
• Implement stress testing and scenario analysis to evaluate the impact of adverse economic conditions on the loan portfolio.
o Compliance and Regulatory Oversight
• Ensure all risk management practices comply with Ugandan financial regulations and international best practices.
• Liaise with regulatory bodies, auditors, and other stakeholders regarding risk management matters.
o Training and Culture
• Develop and conduct risk management training sessions for staff across all levels to foster a strong risk culture within the organization.
• Promote a proactive risk management mindset throughout the organization.
o Collaboration and Strategic Input
• Work closely with other department heads (e.g., Credit, Operations, Compliance) to ensure integrated risk management across all functions.
• Participate in strategic decision-making, providing risk insights that support business growth and innovation.
Person Specification:
Qualifications:
• Bachelor's degree in finance, Economics, Business Administration, or a related field.
• A master's degree or professional certifications such as CFA, FRM, or similar is highly desirable.
Education, Training, Skills & Experience:
• Experience:
• 5-10 years of experience in risk management, preferably within financial services or microfinance sectors.
• Proven experience in managing risks associated with consumer or asset-based lending, with a strong understanding of boda loan and car logbook loan dynamics.
• Demonstrated expertise in developing and managing credit risk models with a focus on PD, LGD, and FPD metrics.
• Skills and Competencies:
• Strong analytical and quantitative skills with the ability to translate complex data into actionable risk insights.
• Excellent communication and presentation skills, with the capacity to influence senior management and board members.
• In-depth knowledge of risk management frameworks, regulatory requirements, and best practices in the microfinance industry.
• Proficiency in risk management software and analytical tools.
• Ability to work in a dynamic, fast-paced environment, managing multiple priorities and meeting deadlines.
• Reporting Structure:
o The Head of Risk will report directly to the Chief Executive Officer (CEO) and will work collaboratively with the executive management team.
• Work Environment:
o This is a full-time position based in Kampala, Uganda.
o Occasional travel to branch offices, industry conferences, and regulatory meetings may be required.
Job Responsibilities: o Risk Framework Development • Design and implement a comprehensive risk management framework tailored to the specific risks associated with boda loans and car logbook loans. • Develop, review, and update risk policies, procedures, and internal controls in alignment with regulatory standards and business objectives. o Risk Identification and Assessment: • Continuously identify, assess, and prioritize credit, operational, compliance, market, and reputational risks. • Collaborate with the credit and underwriting teams to develop and refine risk assessment models and loan underwriting guidelines. o Credit Risk Modelling and Metrics • Develop and maintain robust credit risk models to measure key metrics including PD, LGD and FPD for both boda and car logbook loan portfolios. • Validate and continuously recalibrate these models to ensure they accurately capture the credit risk and performance trends of the portfolio. • Work closely with the analytics team to integrate these metrics into overall risk reporting and decision-making processes. o Monitoring and Reporting • Establish key risk indicators (KRIs) and reporting mechanisms (dashboards, periodic reports) for effective risk monitoring. • Provide regular risk reports and insights to senior management and the board, highlighting emerging risks and recommending actionable strategies. o Portfolio Management • Oversee the analysis of the loan portfolio to identify trends, assess risk exposures, and recommend necessary adjustments to maintain a healthy portfolio. • Implement stress testing and scenario analysis to evaluate the impact of adverse economic conditions on the loan portfolio. o Compliance and Regulatory Oversight • Ensure all risk management practices comply with Ugandan financial regulations and international best practices. • Liaise with regulatory bodies, auditors, and other stakeholders regarding risk management matters. o Training and Culture • Develop and conduct risk management training sessions for staff across all levels to foster a strong risk culture within the organization. • Promote a proactive risk management mindset throughout the organization. o Collaboration and Strategic Input • Work closely with other department heads (e.g., Credit, Operations, Compliance) to ensure integrated risk management across all functions. • Participate in strategic decision-making, providing risk insights that support business growth and innovation.
Education, Training, Skills & Experience: • Experience: • 5-10 years of experience in risk management, preferably within financial services or microfinance sectors. • Proven experience in managing risks associated with consumer or asset-based lending, with a strong understanding of boda loan and car logbook loan dynamics. • Demonstrated expertise in developing and managing credit risk models with a focus on PD, LGD, and FPD metrics. • Skills and Competencies: • Strong analytical and quantitative skills with the ability to translate complex data into actionable risk insights. • Excellent communication and presentation skills, with the capacity to influence senior management and board members. • In-depth knowledge of risk management frameworks, regulatory requirements, and best practices in the microfinance industry. • Proficiency in risk management software and analytical tools. • Ability to work in a dynamic, fast-paced environment, managing multiple priorities and meeting deadlines. • Reporting Structure: o The Head of Risk will report directly to the Chief Executive Officer (CEO) and will work collaboratively with the executive management team. • Work Environment: o This is a full-time position based in Kampala, Uganda. o Occasional travel to branch offices, industry conferences, and regulatory meetings may be required.
JOB-67ed7a247a10b
Vacancy title:
Head of Risk
[Type: FULL_TIME, Industry: Consulting, Category: Accounting & Finance]
Jobs at:
True North Consult Ltd
Deadline of this Job:
Tuesday, April 8 2025
Duty Station:
Kampala | Kampala | Uganda
Summary
Date Posted: Wednesday, April 2 2025, Base Salary: Not Disclosed
Similar Jobs in Uganda
Learn more about True North Consult Ltd
True North Consult Ltd jobs in Uganda
JOB DETAILS:
• Reports To: Chief Executive Officer (CEO)
• Supervises: N/A
• Interacts/Interfaces with: N/A
Job Purpose:
o The Head of Risk will be responsible for establishing, implementing, and maintaining an effective risk management framework across the company's operations.
o This role requires a strategic thinker with a strong background in risk assessment and mitigation, particularly within the microfinance environment.
o The successful candidate will oversee the identification, measurement, monitoring, and reporting of risks associated with our product range, ensuring alignment with regulatory requirements and industry best practices.
Job Responsibilities:
o Risk Framework Development
• Design and implement a comprehensive risk management framework tailored to the specific risks associated with boda loans and car logbook loans.
• Develop, review, and update risk policies, procedures, and internal controls in alignment with regulatory standards and business objectives.
o Risk Identification and Assessment:
• Continuously identify, assess, and prioritize credit, operational, compliance, market, and reputational risks.
• Collaborate with the credit and underwriting teams to develop and refine risk assessment models and loan underwriting guidelines.
o Credit Risk Modelling and Metrics
• Develop and maintain robust credit risk models to measure key metrics including PD, LGD and FPD for both boda and car logbook loan portfolios.
• Validate and continuously recalibrate these models to ensure they accurately capture the credit risk and performance trends of the portfolio.
• Work closely with the analytics team to integrate these metrics into overall risk reporting and decision-making processes.
o Monitoring and Reporting
• Establish key risk indicators (KRIs) and reporting mechanisms (dashboards, periodic reports) for effective risk monitoring.
• Provide regular risk reports and insights to senior management and the board, highlighting emerging risks and recommending actionable strategies.
o Portfolio Management
• Oversee the analysis of the loan portfolio to identify trends, assess risk exposures, and recommend necessary adjustments to maintain a healthy portfolio.
• Implement stress testing and scenario analysis to evaluate the impact of adverse economic conditions on the loan portfolio.
o Compliance and Regulatory Oversight
• Ensure all risk management practices comply with Ugandan financial regulations and international best practices.
• Liaise with regulatory bodies, auditors, and other stakeholders regarding risk management matters.
o Training and Culture
• Develop and conduct risk management training sessions for staff across all levels to foster a strong risk culture within the organization.
• Promote a proactive risk management mindset throughout the organization.
o Collaboration and Strategic Input
• Work closely with other department heads (e.g., Credit, Operations, Compliance) to ensure integrated risk management across all functions.
• Participate in strategic decision-making, providing risk insights that support business growth and innovation.
Person Specification:
Qualifications:
• Bachelor's degree in finance, Economics, Business Administration, or a related field.
• A master's degree or professional certifications such as CFA, FRM, or similar is highly desirable.
Education, Training, Skills & Experience:
• Experience:
• 5-10 years of experience in risk management, preferably within financial services or microfinance sectors.
• Proven experience in managing risks associated with consumer or asset-based lending, with a strong understanding of boda loan and car logbook loan dynamics.
• Demonstrated expertise in developing and managing credit risk models with a focus on PD, LGD, and FPD metrics.
• Skills and Competencies:
• Strong analytical and quantitative skills with the ability to translate complex data into actionable risk insights.
• Excellent communication and presentation skills, with the capacity to influence senior management and board members.
• In-depth knowledge of risk management frameworks, regulatory requirements, and best practices in the microfinance industry.
• Proficiency in risk management software and analytical tools.
• Ability to work in a dynamic, fast-paced environment, managing multiple priorities and meeting deadlines.
• Reporting Structure:
o The Head of Risk will report directly to the Chief Executive Officer (CEO) and will work collaboratively with the executive management team.
• Work Environment:
o This is a full-time position based in Kampala, Uganda.
o Occasional travel to branch offices, industry conferences, and regulatory meetings may be required.
Work Hours: 8
Experience in Months: 60
Level of Education: bachelor degree
Job application procedure
Interested in applying for this job? Click here to submit your application now.
All Jobs | QUICK ALERT SUBSCRIPTION
