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Market & Credit Risk Officer job at BRAC Uganda | Apply Now
Are you looking for Banking jobs in Uganda 2024 today? then you might be interested in Market & Credit Risk Officer job at BRAC Uganda
About the Organisation
BRAC Uganda is a leading development organization committed to improving the quality of life for people living in poverty, particularly through its focus on education, healthcare, economic empowerment, and social justice. With a stellar reputation for its innovative approaches and impactful programs, BRAC Uganda has been recognized as a pioneer in providing scalable and sustainable development solutions that empower vulnerable communities.
The organization fosters a collaborative and inclusive work culture where employees are encouraged to grow professionally and contribute to meaningful change. BRAC Uganda offers a range of job opportunities and flexible work arrangements, promoting a healthy work-life balance while supporting personal and career growth.
Established as a branch of the global BRAC network, which began in Bangladesh in 1972, BRAC Uganda has expanded its operations over the years, providing services across various regions of Uganda and becoming a trusted partner for local communities and development stakeholders. The organization’s business model focuses on creating self-sustaining social enterprises, driving impact through education, microfinance, healthcare, and social development. With a significant presence and extensive reach across Uganda, BRAC’s programs touch millions of lives annually.
Core values of integrity, innovation, empowerment, and social inclusion guide its operations, ensuring that the needs of the underserved are met with dignity and respect. The organization is also deeply committed to corporate social responsibility, investing in programs that address environmental sustainability, community development, and social welfare. For more information, visit their website at www.brac.net.
BRAC Uganda Bank Ltd launched on 25 April 2019 and attained its current status as a Tier II Credit institution following a successful background as the leading Microfinances services provider in Uganda. The bank operates 32 regulated branches and 131 satellite offices covering 84 districts in Uganda targeting Micro, Small. and Medium Entrepreneurs. BRAC Uganda Bank Ltd promotes financial inclusion by extending financial services to unserved and underserved populations especially women and youth as well as people living in poverty in rural areas. The Bank is operationally and financially self-sustaining with over 231,000 active customers and a loan book in excess of Ushs.175 billion.
Kampala, Uganda
Full Time
Job Title
Market & Credit Risk Officer job at BRAC Uganda
BRAC Uganda
Job Description
Job Title: Market & Credit Risk Officer
Organisation: BRAC Uganda Bank Ltd
Duty Station: Kampala, Uganda
To ensure the bank is proactively identifying, assessing, mitigating, and monitoring credit and market risks that could impact the bank’s operations.
Duties, Roles and Responsibilities
Conduct comprehensive risk assessments:
Computation and analysis of the different credit risk parameters resulting in the preparation of daily credit risk dashboard reports for decision making.
Compilation of Monthly Credit risk Risk Assessment reports.
Support the compilation of Basel II capital returns in compliance with the Bank of Uganda’s Basel II guidelines.
Review and submit monthly IFRS9 provisions and BOU loan loss provisions report in line with regulatory requirements.
Perform and submit monthly and quarterly market, liquidity & credit stress test reports to assess the bank’s resilience to adverse scenarios.
Provide weekly class movement analysis to track portfolio migration trends.
Develop weekly loan recovery reports for the loans under the Doubtful & Loss categories.
Maintain and submit quarterly risk registers for the Business Growth team.
Conduct targeted risk assessments on loans in arrears and prepare review reports identifying gaps resulting in increased defaults.
Review loan files that require Management Credit Committee approval.
Perform a detailed analysis of the bank’s financial exposure and liquidity risks to identify vulnerabilities.
Provide recommendations to strengthen the bank’s liquidity position and financial stability.
Coordinate and conduct Business Resumption Site tests to ensure the bank’s preparedness for unforeseen events.
Undertaking Risk independent reviews and spot checks in branches & Head Office departments to assess the effectiveness of policies and procedures and identification of vulnerability points and gaps for improvement of process flows.
Any other duties as assigned by the Head of Risk
Training and Awareness
Conduct risk awareness through various programs to cultivate a strong risk culture and accountability across the bank.
Governance and Compliance:
Monitor Credit operational activities to ensure adherence to set policies, procedures, and guidelines governing risk identification, assessment, control, and overall risk management processes.
Analyze audit findings and assist in implementing audit recommendations
How to Apply:
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Qualifications, Education and Competencies
Qualifications:
Bachelor’s degree in commerce, Economics, Business Administration, Actuarial Science, Statistics, Mathematics, or any other related discipline from a recognized university.
A minimum of at least 2-5 years’ experience in a Supervised Financial Institution (SFI), two years of which were gained from Credit operations.
Knowledge in risk management: The ability to identify and assess risks and vulnerabilities.
Strong analytical and problem-solving skills to timely identify and deal with threats before risks materialize.
Interpersonal Skills.
Effective communication with team members, management, and other stakeholders.
Reporting: The ability to communicate risk assessments and recommendations clearly and concisely to non-technical stakeholders.
Ability to nurture functioning working relationships across organizational, corporate, and cultural boundaries.
Industry Knowledge: Familiarity with industry-specific trends in risks and regulations can be advantageous.
Self-driven, assertive, and proactive.
Ability to exercise the highest level of integrity and confidentiality
How to Apply
Interested candidates should email their application letter, Curriculum Vitae, and copies of relevant academic documents, IN PDF FILE mentioning the job title as the subject matter to recruitment.bracugandabankltd@brac.net All applications should be addressed to the Head Human Resource BRAC Uganda Bank Ltd.
Deadline: 24th November 2024
Note: Only shortlisted candidates will be contacted.
