Operational Risk Manager Job at True North Consult Ltd


True North Consult Ltd

Operational Risk Manager Job Post

Location:  Jobs in Uganda 2023 - 2024


Work Hours: Full-time, 08 hours per day

Salary: UGX

No. of vacancies: 01

Deadline: February 25 2024

Hiring Organization: True North Consult Ltd

Job Details:

Job Purpose
To help strengthen the foundation of operational risk management by verifying the first line of defense property mitigates risk and is operating as intended.

Responsibilities
• Providing guidance to various business line on risk and control practices and matters in the development of controls.
• Collect data from various internal and external data sources, prepare timely, accurate & effective risk analysis, reporting and interpret data where appropriate to guide management in decision making process.
• Validate and challenge Risk Management tools such as risk and control selfassessments (RCSAs) ,incident reports and key risk indicators are operating as intended with adequate controls around such .
• Providing guidance to various business lines on risk and control practices and matters.
• Collaborate with other functions to develop and implement controls to mitigate risks.
• Prepares updated Risk Management documents, reports, presentations, and models in collaboration with the Risk Management team.
• Appropriately, design risk tracking and prioritization mechanisms to ensure defined risk appetite and tolerances threshold are adhered to.
• Ensures the development and maintenance of a viable business continuity plan for areas of responsibility, including call tree, evacuation procedures, resumption site management, vendor notifications and any other areas required.
• Identifies and coordinates programs and training designed to minimize threats and anticipate threats to the company.
• Review and validate first line of defense governance documents (policies, frameworks, procedures, charters) for material changes.
• Perform additional risk oversight and assessment activities including but not limited to operational loss data validation, control testing and validation, root cause analysis of significant fraud and other risk events, preparation of management reports and targeted risk and control assessments.
• Review significant operational risk events and associated post incident reviews as needed.
• Participate in the formulation and review of bank wide policies and procedures.
• As required, developing Adhoc analysis, deep dive investigations ,control testing and driving specific risk initiatives,

Person Specification
Education, Training,
Skills & Experience
Education
• A Bachelor’s degree from a recognized university and professional training relevant to the role.
• A Master’s degree is an added advantage.

Experience
• Minimum of 3 years’ experience in a similar role in a supervised financial institution by Bank of Uganda.
• Professional Qualifications e.g ACCA, CPA,CFE, CIA etc are necessary.
• Excellent knowledge of financial institutions operations and Regulations of supervised financial institutions in Uganda.

Skills and competencies
• Excellent knowledge of financial institutions.
• Attention to detail
• Excellent interpersonal skills and communication skills.
• Analytical mind, good attention to detail, problem solving, good time management skills and the ability to multi-task work under pressure
• Proficiency in computer applications
• Team Work

Application procedure

You can apply by submitting your cover letter and CV to exechire@truenorthafrica.com with subject line Operational Risk Manager by 25th February 2024
All application documents Must be in either PDF or MS. Word

Date Posted: 2023-02-21

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