Job Purpose
The role holder will be responsible for implementation of risk frameworks, risk identification, assessment and mitigation strategies across the designated Business Units of Uganda. Ensuring these aspects are embedded into the operations of the firm in consultation with the International Business Risk Manager.
Key Responsibilities
Risk identification, mitigation, monitoring
- Co-ordinate and improve risk management within departments
- Review all Internal & External Audit reports to extract relevant risk & control information for use in reporting and remediation.
- Monitor and act on any Key Risk Indicators (KRIs) adverse trends that arise
- Monitor resolution of all associated Internal Audit recommendations
- Assess compliance with policies and procedures in the departmental units, with emphasis to controls
- Coordinate the formulation of scenarios to be tested at least annually
- Coordinate the recording of the risk incidents and carrying out the root cause analysis
- Regularly collate the operational loss data and maintain the database
Business processes and policies reviews
- Working with Business, establish, maintain and continuously improve risk management capabilities.
- Coordinating Risk & Control Self-Assessment (RCSA) framework across the various Business and Support units.
Company And Business
- Ensure sufficient follow through on management actions to mitigate risks identified
- Ensure Continuous risk identification and assessment program through timely completion of RCSA & KRI returns
- Champion documentation of inter departmental SLAs during quality assurance reviews.
- Review key outsourcing arrangements for the firm in line with regulator outsourcing guidelines.
Business Continuity Management (BCM)
- Work with Risk manager to implement BCM framework for the BUs
- Review of program and tools to ensure they are updated.
- Ensure BCP testing is carried out as per schedule for both business and support unit.
- Train staff on BCM in conjunction with the Risk Manager
Management Committees
- Prepare the report pack for the Management Risk Committee (MRC)
- Coordinate the secretarial work for the MRC meetings
- Prepare any risk reports
- Perform any other duties as assigned from time to time
Working Relationships
Internal Relationships;
- Required to liaise and work closely with all Britam staff.
External Relationships;
- Statutory bodies
- External Consultants/Auditors
Knowledge, Experience And Qualifications Required
- University graduate with possession of a risk or actuarial-related qualification.
- Must possess a professional qualification in risk or actuarial
- 6 years’ working experience in the insurance and financial services environment, with sound exposure to insurance Operations, Regulatory and Compliance requirements.
- Knowledge of Insurance and Business Operations: Well-rounded knowledge of the insurance operations and processes and excellent knowledge of Insurance policies and procedures.
- Risk Management: Ability to anticipate and mitigate risk by developing appropriate Risk Management Policies for the Firm.
- Compliance Standards and Legislations: Excellent knowledge of International Accounting and Standards, and Legislations.
- Compliance and Regulatory Framework: Good understanding of relevant regulatory requirements
- Conceptual and Analytical Skills: Ability to quickly grasp and understand systems and keen to detail.
- Planning and organizing: Ability to establish priorities, plan, coordinate and monitor own work plan.
- Communication and Interpersonal Skills: Well-developed oral and report-writing skills, ability to work in a team set-up.
Essential Competencies
- Learning and Researching: Rapidly learns new tasks and commits information to memory quickly; demonstrates an immediate understanding of newly presented information; gathers comprehensive information to support decision-making at the management level; learns from successes and failures and seeks colleague and customer feedback.
- Working with People: Shows respect for the views and contributions of other team members; shows empathy; listens, supports and cares for others; consults others and shares information and expertise with them; builds team spirit and reconciles conflict; adapts to the team and fits in well.
- Applying Expertise and Technology: Applies specialist and technical expertise; uses technology to achieve work objectives; develops job knowledge and expertise (theoretical and practical) through continual professional development; demonstrates an understanding of different organisational departments and functions.
- Delivering Results and Meeting Customer Expectations: Focuses on customer needs and satisfaction; exhibits high standards for quality and quantity; monitors and maintains own quality and productivity; works in a systematic, methodical and orderly way; consistently achieves projects goals.
- Following Instructions and Procedures: Follows procedures and policies; keeps to schedules; arrives punctually for work and meetings; demonstrates commitment to the organisation; complies with legal obligations and safety requirements of the role.
- Adhering to Principles and Values: Upholds ethics and values; demonstrates integrity; accepts diversity; display individual responsibility towards the community and the environment; models the organisational values during every day interactions.
Primary Location
Uganda-Kampala-Kampala
Organization
Britam Insurance Company Uganda Limited
Job Level
Entry Level
Job Type
Permanent
Shift
Day Job
Contract Type
Full-time
Job Posting
28-08-2024
Unposting Date
08-09-2024
Number of Openings
1
