Risk Manager Job Opportunity – EFC Uganda Limited (MDI)

Job Title:       Risk Manager
Organization: EFC Uganda Limited (MDI)
Duty Station: Kampala, Uganda
Reports to: Management Risk Committee / Managing Director
About US:
EFC Uganda Limited (MDI) is a leading deposit taking Microfinance
Company supervised by the Bank of Uganda and it provides financial services to
micro and small size enterprises (MSEs). Its major purpose is to provide
increased access to specialized financial services for entrepreneurs while
contributing to wealth creation, improvement of living conditions and
development of the Ugandan private sector.
Job Summary: The Risk
Manager is primarily responsible to provide leadership, coordination and
oversight and to plan, control and direct the effective risk functions within
EFC including but not limited to internal operational controls, maintaining and
exceeding established deadlines and quality standards, providing departmental
budget management oversight and defining effective policies and procedures that
assure efficient and productive operations.
Key Duties and Responsibilities:
  • Identify key risks inherent in EFC’s major
    business activities;
  • Assess the identified risks and measure EFC’s exposures to them;
  • Monitor the risk exposures and determine the
    corresponding capital needs (capital planning) on an ongoing basis;
  • Monitor and assess decisions to accept
    particular risks, risk mitigation measures and whether risk decisions are in line with
    the Board approved risk strategies, policies as well as risk tolerance /
    appetite levels;
  • Report to the Board’s Asset & Liability /
    Risk Committee (ALRC) and the Management Risk Committee (MRC) as appropriate on all
    above items;
  • Support the Board’s Asset & Liability /
    Risk Committee (ALRC) and the Management Risk Committee (MRC) with oversight,
    implementation and operational management of the EFC Risk Management
    Policies and Framework;
  • Coordinate the activities of the MRC, consolidate risk reports
    from Heads of Business Units, report to the MRC during quarterly meetings,
    take minutes for the Committee’s meetings and compile the Committee’s
    quarterly report to the ALRC;
  • Have direct access and report to the Board’s ALRC on all matters relating to EFC’s
    risk management program;
  • Provide effective and efficient day-to-day
    leadership and management to the Risk Management Department;
  • Mobilize department personnel according to the
    objectives of EFC with an enabling skills development and capacity building approach.
  • Establish and maintain expert working knowledge
    of the EFC Risk Management Policies and Framework together with the Central Bank and other applicable
    regulatory body circulars, regulations and guidelines;
  • Manage and ensure appropriate risk assessments
    are completed for new products and services in accordance with EFC’s Product Development Policy (No.
  • Monitor and report new developments relative to
    risk management and all applicable regulatory body regulation to:
    • Keep EFC Senior Management apprised of such developments,
    • Assess the effect they may have on the company,
    • Provide suggestions on risk management with new / revised
      regulations and the drafting of EFC risk management policies and
  • Collaborate with internal and external auditors
    relating to risk management;
  • Oversee and ensure appropriate follow-up and
    correction of deficiencies
    noted in the Internal Audit Reports (minor, moderate and major), External
    Audit Reports and Central Bank Examination Reports;
  • Provide support and coaching as deemed appropriate
    to those Heads of Business Units and employees responsible for specific risk management requirements;
  • Performance of any other related duties and
    responsibilities as assigned by the MRC.

Qualifications, Skills and Experience: 
  • The applicant should preferably hold a University
    Degree in Finance related studies (i.e. risk management, finance or
    economics, management or
    business studies etc.) and while not mandatory, a degree or postgraduate study
    / certification in risk management is a definite asset;
  • A minimum of three years relevant middle
    management experience in a financial institution;
  • Comprehensive risk management knowledge and
    experience with specific microfinance / banking technical knowledge of operations, IT, liquidity,
    market, credit, reputation, strategic and compliance risk;
  • The
    Risk Manager requires good practical knowledge of microfinance / banking
    best practices in risk management, corporate governance and Central Bank /
    other applicable regulatory body regulations and laws together with the
    foresight to see how the intricate day-to-day risk management activities link
    with and support the achievement of the vision and mission of the EFC.
  • Independent and objective;
  • Good leadership and management skills;
  • Good writing, documentation, meeting
    facilitation and presentation skills;
  • Attention to detail and accuracy with strong
    numerical skills and the ability to evaluate costs;
  • Ability to relate effectively across different
    levels of authority;
  • Strong analytical, written / verbal communication, interpersonal, and
    relationship building skills;
  • Strong computer skills (Word, Excel, Power
    Point, database, etc.).
How to Apply:
All suitably qualified and interested candidates are encouraged to send
a letter of interest explaining their motivation for the position applied for
together with their Curriculum Vitae, three professional references and copies
of academic certificates/diplomas. The complete applications must be sent via
E-mail only to: HR_OFFICER@efcug.com.
NB: The job title should be included in the
subject of each application.
Deadline: 27th January 2018
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