Summary
Date Posted: Friday, December 30, 2022 , Base Salary: Not Disclosed

JOB DETAILS:

PURPOSE
To ensure that operational risk exposures are proactively identified, and adequately and efficiently controlled. To ensure enterprise risk management as a key enabler to achieving the business strategic objectives of the company.

DUTIES AND RESPONSIBILITIES
1. Implement the Enterprise Risk Management framework, regularly update it and watch for compliance, to ensure consistency in risk management approaches in comparison with industry best practices and to apportion responsibility between the risk management stakeholders.
2. Perform risk assessments by reviewing key processes, procedures, projects, strategic and operational decisions and then identifying weaknesses and recommend, designing mitigation. strategies to ensure that risks are identified and addressed in a timely manner.
3. Assist heads of departments in identifying, documenting and keeping under review current and emerging risks and developing action plans to mitigate the risk of any that fall outside risk appetite.
4. Assist in the development and monitoring of key risk indicators and key control indicators to determine elevations in risk and proactively track implementation of risk mitigation measures.
5. Identify risk trends and emerging risks impacting the Authority through the collation, analysis and reporting on internal and external risk data.
6. Manage the incident reporting process ensuring management is aware of regulatory breaches, and supporting the business in resolving incidents.
7. Cultivate a risk awareness culture by conducting trainings from time to time to ensure that risk management is embedded in decision making at all levels of the Authority.
8. Review and report on the effectiveness of controls put in place to address identified risk and recommend additional controls necessary to address the risk.
9. Coordinate business continuity management process.

KEY PERFORMANCE INDICATORS
1. Improved Risk profile.
2. Updated Risk Register.
3. Availability and Up-to-date Risk policies

Qualifications
1. A Bachelor's Degree in Commerce, Business Administration, Economics or a professional qualification equivalent to a bachelor's degree.
2. Specialized risk management certification is an added advantage.
3. Membership of a professional association of Accounting, Finance and Risk management is also added advantage.

Experience
1. 3 years of work experience in risk management.
2. Competencies
3. Advanced computer skills.
4. Broad knowledge and understanding of enterprise risk management practices.
5. Excellent interpersonal skills.
6. High level of integrity.
7. Analytical skills
8. Communication skills.
9. Pays attention to detail.


Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure

Interested candidates who meet the criterias should submit their applications together with copies of detailed up-to-date CVs and at least three referees, not later than 5:00 pm on 30th January 2023
to:
The Chief Executive Officer
Insurance Regulatory Authority of Uganda
Plot 6 Lumumba Avenue, Insurance Tower
P.O. Box 22855, Kampala

Or emailed to:
vacancies@ira.go.ug 
ONLY SHORTLISTED CANDIDATES WILL BE CONTACTED


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