NIC General Insurance Risk Officer Jobs in Uganda

NIC General Insurance Risk Officer Jobs in Uganda

Purpose:

The Risk officer will be responsible for the coordination of the company-wide application of ERM framework nm, and advise Management on any potential risks that may expose the company to penalties, financial forfeiture, and material loss.

Key Result Areas

The responsibility includes managing the risks associated with the organization’s employees, clients, reputation, assets and interests of stakeholders. As such S/he will interface with a number of activities and processes that potentially have effects that can result into:

Enterprise/Operational risks

Information security risks and cyber threats

Business continuity risks

Corporate governance risks

Regulatory and legal risks

Technology risks

Financial risks

Reputational damage

Essential Duties and Responsibilities

Conduct risk profiling and assist functional managers in updating risk registers

Conduct regular validation exercises for the Risk Control self-Assessments (RCSA)

Identify and assess the risks associated with the organization’s current and proposed products, business relationships and any changes to business operations.

Assist in developing, reviewing and update of the risk appetite framework for NIC life

Develop and implement risk mitigation and control measures

Monitor the progress of risk mitigation activities

Follow up with management and provide a status report on the implementation of Audit and regulatory recommendations.

Provide an independent evaluation of the results of BCM tests conducted and establish mitigations for identified Business continuity gaps.

Prepare and submit monthly and quarterly reports to the risk manager for review

Monitor compliance with internal policies, procedures and guidelines by performing regular and comprehensive risk assessment and testing; report the results on a regular basis.

Develop and

execute the compliance risk management plan

Conduct internal reviews of policy and compliance to standards.

Manage and report compliance breaches and exposures. Ensure corrective actions are taken by the process owners

Compile and submit compliance statutory and supervisory reports to the relevant regulatory bodies

Promote a compliance culture within the business and take responsibility for training staff

Enhance and promote a compliance culture through awareness activities

Required, Skills, and Abilities

Ability to produce results under minimal supervision

Problem-solving and decision-making abilities

Analytical skills and a good eye for detail

Planning and organizational skills

Good communication and presentation skills

Numerical skills

Ability to understand broad business issues

Ability to run workshops and trainings.

Educational requirements

Bachelors in Accounting, Finance, or any related business field and 1-2 years experience.

Any certification in risk management is an added advantage.

How to Apply

If you have the aforementioned professional and academic qualifications and you are ready to execute the above mandate, kindly send your resume to the email address below indicating on the subject of your email the job title. For example, Ref: Application for Risk Officer. Strictly apply through email: vacancy@nic.co.ug

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