Risk Officer (Full Time Insurance Job) – NIC General Insurance

Risk Officer

Company: NIC General Insurance
Deadline: 30th September 2024
Location: Kampala, Uganda
Type: Full-time

NIC General Insurance is seeking an experienced Risk Officer to coordinate the company-wide application of the Enterprise Risk Management (ERM) framework, advising management on potential risks that may lead to penalties, financial forfeiture, and material loss.

Reports to: Head of Risk

Duties and Responsibilities:

• Conduct risk profiling and assist functional managers in updating risk registers.
• Perform regular validation exercises for Risk Control Self-Assessments (RCSA).
• Identify and assess risks associated with current and proposed products, business relationships, and changes in business operations.
• Assist in developing, reviewing, and updating the risk appetite framework.
• Develop and implement risk mitigation and control measures.
• Monitor the progress of risk mitigation activities.
• Follow up with management and provide status reports on the implementation of audit and regulatory recommendations.
• Evaluate the results of Business Continuity Management (BCM) tests and establish mitigations for identified 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 assessments and testing; report results regularly.
• 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.
• Compile and submit compliance statutory and supervisory reports to relevant regulatory bodies.
• Promote a compliance culture within the business and provide staff training.
• Enhance and promote a compliance culture through awareness activities.

Requirements:

• Bachelor’s degree in Accounting, Finance, or any related business field.
• Certification in risk management is an added advantage.
• At least 1-2 years of proven work experience in risk management.
• Ability to produce results under minimal supervision.
• Strong problem-solving and decision-making abilities.
• Excellent analytical skills and attention to detail.
• Effective planning and organizational skills.
• Good communication and presentation skills.
• Strong numerical skills and ability to understand broad business issues.
• Ability to run workshops and training sessions.

Application Process:
If you meet the qualifications and are ready to take on this role, please send your resume to vacancy@nic.co.ug with the subject line “Ref: Application for Risk Officer.”
Applications should be received by Monday, 30th September 2024, at 5 PM.

Note: Only short-listed candidates will be contacted.

About NIC General Insurance

NIC General Insurance is a wholly owned subsidiary of NIC Holdings Limited, established on 3rd March 2014. It took over the general insurance businesses of NIC, complying with the Insurance (Amendment) Act for the separation of insurance businesses.