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About the Organisation
ASA Microfinance Uganda Ltd (ASA Uganda) is a for-profit, non-deposit taking Microfinance Institution, operating as a microfinance company and regulated by the Uganda Microfinance Regulatory Authority (UMRA). ASA Microfinance Uganda Ltd is also a member of the Association of Microfinance Institutions of Uganda (AMFIU). ASA Uganda commenced operations in 2013. ASA Uganda is a subsidiary of ASA International, one of the world’s largest international microfinance institutions globally and operates in 13 countries in Africa and Asia. The company was listed in the premium segment on the London Stock Exchange in July ’2018.
Chief Risk Officer job at ASA Microfinance Uganda Ltd | Apply Now
Kampala, Uganda
ASA Microfinance Uganda Ltd is a leading financial institution committed to providing affordable and accessible microfinance services to low-income individuals and communities in Uganda, with a focus on empowering women entrepreneurs and supporting their economic growth. Recognized for its reliable and customer-centric approach, ASA Microfinance has built a strong reputation for delivering impactful financial solutions and fostering financial inclusion.
The company maintains a supportive and inclusive work culture, offering employees opportunities for professional growth and a sense of purpose in contributing to community development. With its extensive network across Uganda, ASA Microfinance continues to expand its reach, providing loans, savings products, and financial education to underserved populations. Over the years, ASA Microfinance Uganda has evolved from a small-scale initiative to a robust institution, leveraging innovative approaches and technology to enhance its services and client experience. Its business model is built on sustainability, enabling clients to access tailored financial services that support their growth.
The company's core values include integrity, customer focus, transparency, and social responsibility. ASA Microfinance is also deeply involved in corporate social responsibility (CSR) activities, focusing on promoting financial literacy, supporting women empowerment, and contributing to community development. For more information, visit their website at www.asamicrofinanceug.com.
Are you looking for administrative jobs in Uganda 2024 today? then you might be interested in Chief Risk Officer job at ASA Microfinance Uganda Ltd
Full Time
Deadline:
24 Dec 2024
Job Title
Chief Risk Officer job at ASA Microfinance Uganda Ltd
ASA Microfinance Uganda Ltd
Job Description
Job Title: Chief Risk Officer
Organisation: ASA Microfinance Uganda Ltd (ASA Uganda)
Duty Station: Kampala, Uganda
Reports to: Chief Executive Officer
Responsible for the implementation and enhancement of the risk framework within the organization. Ensures that the company is compliant with internal policies and procedures; and ethical standards. The CRO is responsible for thought leadership in all aspects of risk including the embedding of risk culture, training/awareness at all levels within the institution.
Duties, Roles and Responsibilities
Qualifications, Education and Competencies
See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.
Applicants who meet the above requirements can send their applications, Curriculum Vitae, copies of relevant academic and professional qualifications, contact details for three (03) professional referees and a day-time telephone number, to the address below:
The Head Human Resource & Administration,
ASA Microfinance (U) Ltd,
Plot 5195 Buye- Kigowa, Ntinda,
P.O. Box 245, Ntinda
Kampala, Uganda
Email to: recruitment@asauganda.com
Deadline: Tuesday, 24th December, 2024, at 5:00 pm
NB: ASA Microfinance (U) Ltd is an equal opportunity employer and aims to attract and select a diverse workforce, ensuring equal opportunity to everyone, irrespective of race, age, gender, class, ethnicity, disability, location, and religion.
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How to Apply
Risk Governance; ensure that ASA’s approved written risk management policy and risk appetite statement is consistent with the Institution’s business strategies, capital strength and management expertise.
Identification and Measurement of Risks; responsible for all of the following risk areas within the institution: Capital; Liquidity; Market Risk; Credit; Legal and regulation; Operational; People; Reputational; Strategic and Mission.
Mitigation of Risks; work with the Heads of Department in the institution to identify controls to reduce the likelihood of a risk occurring. This work will form a subset of controls against which Internal Audit and Fraud and Misappropriation Prevention Unit can test compliance.
Monitoring of Risks; responsible for keeping abreast of activities within the institution and the country that may impact the ability of the Institution to operate successfully.
Escalation of Risks; If the risk indicators are outside of established limits, or there is a breach of controls, the Head Risk, should discuss the specific issues with the Heads of the Department responsible before escalating to management, internal audit and the Board.
Risk Assessments; perform periodic audits on company procedures and processes, analyzes metrics and data such as cash flow, inventory, breakage, and employee activity that could uncover policy violations, collect and analyze documentation, statistics, reports, and market trends. Analyse internal business Systems to ensure compliance with established policies and procedures, Industry regulations and ethical standards.
Organization Policies; Establish policies and procedures to address risks in the organization’s services and departments. Reviews and assesses risk management policies and procedures; makes recommendations and implements modifications and improvements.
Reporting and Communication; Prepare and present to Management and the Board Risk reports useful in taking key business decisions. Drafts and presents Risk reports and proposals to improve the Risk Management in the institution.
Risk Management Solutions; Recommends and implements solutions such as insurance, safety and security policies, Business Continuity Plans, or recovery measures and ensures that they are formally approved by the Board of Directors. Report on all events on system failures and other emergency issues.
Training; Design and conduct training programs for cross-functional teams in Risk Management and ensure that all the employees are thoroughly updated about the organization’s policies, regulations and processes.
Supervise Risk Officers.
Perform any other relevant duties as may be assigned to him/her by the Supervisor that falls in the line with his/her area of jurisdiction.
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RESIDENTIAL
Bachelor’s degree in a business-related field from a reputable University
Master Degree in a business-related field; added Advantage.
Minimum of 10+ years’ experience in a Risk Management or Audit in evaluating business operations in risk management, preferably from the microfinance, banking or financial services industry.
Thorough understanding of policies and best practices of Risk Management
Relevant legal and regulatory knowledge of the Microfinance sector, Company’s Act, Financial and Accounting best practices, Taxation and Employment laws.
Excellent oral and written communication skills; with skills related to the preparation and submission of regulatory, statutory and Risk reports.
Excellent organizational skills and attention to detail.
Excellent time management skills with a proven ability to meet deadlines.
Strong analytical and problem-solving skills.
Strong supervisory and leadership skills.
Proficient with Microsoft Office Suite or related software to prepare reports and policies.
