Head of Risk Management

Job Purpose

• Accountable executive to Executive Committee, Management Risk Committee and the Board Risk Committee for enabling the bank to balance risk and reward, the efficient and effective governance of significant risks, and related opportunities to the various bank business segments.
• Responsible for embedding the bank's Enterprise Risk Management (ERM) with a critical role to proactively identify and understand the potential threats, identify opportunities, actions or events that will adversely affect the bank’s ability to achieve its objectives.
• Devising mitigation strategies with line management and ensuring follow through to give assurance to the Board, Group and Bank of Uganda (BOU), that bank-wide risks are identified, measured, managed and reported in line with the BOU Risk Management Guidelines, Group standards and by large best global practices.

Key Responsibilities

• Operational Risk: Develop and establish systems, policies and procedures to identify, control, manage and measure bank-wide risks, arising from processes, systems, people and external events in order to improve shareholder returns through value-based management, control and reduction of visible and hidden financial losses. Establish a comprehensive training programme on the risks facing the Bank to embed knowledge of policies and procedures within business units.
• Compliance Risk: Delivering compliance with pressing regulatory requirements, keeping up with new regulations, building and safeguarding the risk management framework that determines what risks need to be addressed and by whom. Establishing an effective Anti-Money Laundering and Know Your Customer mechanism and strengthen control environment through compliance enforcement.
• Credit Risk: Perform independent portfolio level analysis, change in portfolio mix, loan risk rating, stress tests on exposures ≥ single obligor limit, large exposures (as defined by Bank of Uganda), risk ratings, various credit concentrations and monitor total credit risk exposure against capital focusing on non-performing loans, loan loss, provisioning and report to Board and Management Risk Committees.
• Market and Liquidity Risk: Establish framework for measuring and monitoring market risk by implementing Group market risk management policies, procedures and controls, carrying analytics for Assets and Liabilities Committee to optimize the bank’s market risk. Carrying out liquidity risk analytics, sensitivity, scenario and stress tests to establish the bank’s liquidity condition for the short, medium and long-term. Taking appropriate action when risk exceeds approved risk tolerance of the bank and report the position to Board and Management Risk Committees.
• Strategic Risk: Bringing rational guidance and judgment into high-level risk decisions, providing credible challenge to the assumptions underlying business plans and using traditional risk controls and lending constraints to alter the risk profile of particular bank businesses. Providing insights into the integration of risk and bank business performance measurement, and ensure that risk-adjusted metrics are reliable and relied on. Advise management on the absolute and relative risk-return performance of various bank businesses. monitor the risk exposures and determining the corresponding capital needs on an ongoing basis.
• Ethics & Reputational Risk: Shape a healthy and positive business ethics culture for the subsidiary through implementation of Ethics and Whistle Blowing Policies to minimize responsible reputational risks while encouraging KCB Values.