Fraud and Misappropriation Officer

Position: Fraud and Misappropriation Officer(Risk) (2 positions)

Report to: Head Audit

Location: Different  branches in Uganda

Purpose of the position:

Identify, assess, and monitor risk on an ongoing firm-wide and individual entity basis and support in the implementation of internal controls which are effective in design and operation.

Outputs/Responsibilities.

• Undertake quality control reviews for the business units to ensure consistent implementation of policy and processes across all business units and identify any gaps, challenges and improvement measures.
• Provide consolidated reporting, inclusive of an overall risk profile, ensuring that major risks are identified and reported to the Management Committee on risk hotspots, measures and recommendations.
• Communicate board and regulatory responses or directives to business units.
• Monitor adherence to compliance, Anti Money Laundering (AML) and Know your client (KYC) standards
• Assist in the development of and manage processes to identify and evaluate business areas’ risks and risk and control self-assessments. These include snap checks and other management monitoring checks / toolkits.
• Manage the process of developing risk policies and procedures, risk limits and approval authorities.
• Implement and manage the risk and control assessment reporting process as well as manage and maintain management reports, follow up of issues identified for conclusive resolution
• Conduct compliance and risk assessment of key business areas as well as for new products / business changes to ensure risk and control adequacy, evaluation, process and adequate business risk profile.
• Undertake training to staff on inherent risks and controls in the processes within their control.
• Management Executive Committees reports evaluation and monitor against business strategy and regulatory requirements
• Identifying current and emerging risks
• Developing risk assessment and measurement systems
• Establishing policies, practices and other control mechanisms to manage risks
• Developing risk tolerance limits for Management and board approval
• Reporting results of risk monitoring to Management and the board.
• Oversight over the credit process including approval of credit facilities.
• Oversight on loan provisioning process and remedial management.
• Independent oversight over the Umoja’s Assets and Liabilities Committee with regard to risk management measures and policy decisions.
• Periodic review and update of the risk management policies and procedures.

Qualifications: Education/Knowledge/Technical Skills and Experience.

• Minimum of a Bachelor’s Degree in business administration accounting option or any other relevant discipline. Minimum of 3 years’ experience in a financial institution.
• Computer literate
• Writing and reporting skills
• Networking and influencing skills
• Ability to communicate in applicable local language(s)
• Track record demonstrating high integrity, reliability and dependable
• Ability to work with minimal supervision.
• Computer literacy
• Perform other duties as required
• The position requires ability and willingness to travel domestically and to 80 % of the time.

How to apply:

All applications will be received and Reviewed through Brightermonday Portal by Clicking on the 'Apply Here' section