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Manager – Risk job at Insurance Regulatory Authority of Uganda (IRA) | Apply Now
Kampala, Uganda
Full Time
Are you looking for Finance jobs in Uganda 2025 today? then you might be interested in Manager – Risk job at Insurance Regulatory Authority of Uganda (IRA)
About the Organisation
Established in 1997, the Insurance Regulatory Authority of Uganda (IRA) operates under the Ministry of Finance, Planning, and Economic Development, with the mission to create an enabling regulatory environment for a sustainable, inclusive, and reliable insurance industry. IRA has earned recognition as a model regulator of a secure and developed insurance sector, overseeing licensing, supervision, and regulation to ensure effective administration and control of insurance business in Uganda.
The Authority fosters a work culture rooted in professionalism, integrity, accountability, and innovation, offering employees opportunities to contribute to the growth and stability of Uganda's insurance industry. Operating from its headquarters in Nakasero, Kampala, IRA's reach extends nationwide, impacting both urban and rural communities through its regulatory functions. Its innovative business model emphasizes consumer protection, market development, and industry supervision, aiming to enhance public trust and participation in insurance services.
Guided by core values of professionalism, integrity, accountability, and innovation, IRA also engages in corporate social responsibility initiatives focused on consumer education and financial literacy to promote informed decision-making among the public. For more information, visit their website at www.ira.go.ug.
Job Title
Manager – Risk job at Insurance Regulatory Authority of Uganda (IRA)
Insurance Regulatory Authority of Uganda (IRA)
Job Description
Job Opportunity: Manager – Risk
Organization: Insurance Regulatory Authority of Uganda (IRA)
Department: Office of the Chief Executive Officer
Position Level: IRA 3
Duty Station: Head Office
Reports To: Chief Executive Officer
Position Summary:
The Insurance Regulatory Authority of Uganda (IRA) is seeking a qualified Manager – Risk to lead the development, implementation, and monitoring of the Authority’s risk management framework. This role ensures that IRA’s operational procedures align with internal policies and compliance requirements to minimize risk and enhance business continuity.
Key Working Relationships:
Internal: Top Management Committee (TMC), All IRA Staff
External: N/A
Duties, Roles and Responsibilities
Review and assess the Authority’s risk management systems to ensure adequacy, effectiveness, and alignment with best practices.
Develop, implement, and regularly review risk policies and procedures, ensuring consistent application and interpretation across the Authority.
Conduct scenario analysis, risk assessments, and simulations to identify potential disruptions and develop mitigation strategies for business continuity.
Perform stress tests, benchmarking, and research to evaluate external and internal factors that may impact IRA’s operations.
Prepare detailed risk reports for executive management and the Board, highlighting key risk areas and recommending practical solutions.
Develop and update the annual risk management work plan in alignment with the Authority’s strategic activities.
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Qualifications, Education and Competencies
Minimum Qualifications:
Bachelor’s (Honours) degree in Commerce, Business Administration, or a related field
Master’s degree in a management-related discipline
Professional certification such as CPA, ACCA, or an equivalent recognized qualification
Experience:
Minimum of five (5) years of experience in Risk Management within a reputable organization
Key Competencies and Business Behaviors:
Ability to build and sustain an effective control environment
Strong communication and stakeholder engagement skills
Analytical thinking and conceptual formulation
Commitment to continuous improvement and innovation
Strong leadership and team supervision skills
How to Apply
Interested candidates meeting the above criteria should submit their application letters, updated CVs, and contact details of three referees by 5:00 PM on 6th June 2025 to:
The Chief Executive Officer
Insurance Regulatory Authority of Uganda
Plot 6, Lumumba Avenue,
Insurance Tower
Email your application to: vacancies@ira.go.ug
NB: Only shortlisted Candidates will e contacted
