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Full-time
Risk and Compliance Manager Job at Old Mutual Uganda
Old Mutual Uganda
Job Description
The purpose of this role is to support the Enterprise Risk Management and Compliance function through the effective implementation and continuous enhancement of the Group Risk Management and Compliance Framework. The role is responsible for identifying, assessing, monitoring, and reporting risks across the organisation while promoting compliance with regulatory requirements, internal policies, procedures, standards, and controls in line with Group governance requirements.
Duties, Roles and Responsibilities
- Support the implementation and monitoring of Group risk management policies, frameworks, standards, systems, procedures, and guidelines across the organisation.
- Identify weaknesses, control gaps, and emerging risks within business processes and recommend appropriate mitigation measures.
- Monitor adherence to approved risk appetite limits, governance standards, and internal control requirements.
- Facilitate periodic reviews and updates of departmental risk registers and monitor implementation of agreed mitigation actions.
- Support the embedding of a strong risk management culture throughout the organisation.
- In collaboration with the Group Head of Financial Risk, conduct stress testing, sensitivity analysis, and scenario simulations relating to market, liquidity, credit, and operational risks.
- Analyse financial and operational risk exposures and provide recommendations to management on risk mitigation strategies.
- Prepare and present risk exposure reports, trend analysis, and mitigation recommendations to the Board, Executive Committee (EXCO), and Management Committees.
- Monitor compliance with regulatory requirements, internal policies, procedures, and established risk management standards.
- Maintain and track compliance matrices, transaction monitoring activities, and regulatory obligations.
- Support the preparation, review, and submission of regulatory reports to relevant authorities.
- Assist in monitoring compliance with Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) regulations and related compliance requirements.
- Conduct risk identification and assessment exercises across departments and operational areas.
- Review and evaluate the adequacy and effectiveness of internal controls and risk mitigation measures.
- Provide guidance to management and staff on corrective actions required to address identified risk and compliance gaps.
- Conduct follow-up reviews to ensure timely implementation of agreed action plans.
- Promote awareness of risk management and compliance requirements through training, workshops, guidance notes, and stakeholder engagement.
- Support staff and management in understanding and implementing the company’s risk management methodologies, frameworks, policies, and procedures.
- Encourage a culture of accountability, compliance, and proactive risk management across the organisation.
- Prepare periodic risk and compliance reports, dashboards, and analytics for Management, MANCO, EXCO, Board Committees, and regulators.
- Compile and analyse operational risk data, key risk indicators (KRIs), incident reports, and loss event data.
- Support enterprise-wide reporting on operational risk, financial risk, compliance, and AML/CFT activities.
- Conduct enterprise-wide risk identification and assessment exercises across all departments and functions and recommend suitable controls to minimise residual risk exposure.
- Monitor compliance with approved risk appetite statements, risk tolerance levels, and governance requirements.
- Conduct Risk and Control Self-Assessments (RCSAs), review incident reports, monitor Key Risk Indicators (KRIs), and analyse operational loss data.
- Support the development, review, and enhancement of risk management policies, standards, procedures, and guidelines.
- Assist in conducting stress testing and gap analysis for market, liquidity, credit, and operational risks.
- Collaborate with business units to assess risks arising from new products, services, systems, and delivery channels.
- Assist in conducting annual AML/CFT risk assessments and ongoing compliance monitoring activities.
- Prepare periodic reports on risk exposures, compliance status, and mitigation actions for management review and decision-making.
- Coordinate follow-up actions arising from audits, risk reviews, and regulatory inspections.
- Support business continuity management, crisis management, and operational resilience initiatives where required.
- Liaise with regulators, auditors, and other external stakeholders on matters relating to risk and compliance.
Qualifications, Education and Competencies
See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.
Apply here: https://oldmutual.wd3.myworkdayjobs.com/en-US/Old_Mutual_Careers/details/Risk-and-Compliance-Manager_JR-79304-1
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