Vacancy title:
Operational Risk Officer

[Type: FULL_TIME, Industry: Insurance, Category: Accounting & Finance]

Jobs at:
FINCA

Deadline of this Job:
Friday, September 5 2025

Duty Station:
Uganda | Kampala | Uganda

Summary
Date Posted: Wednesday, August 13 2025, Base Salary: Not Disclosed

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JOB DETAILS:

The Operational Risk Officer is responsible for supporting the effective functioning of the Operational Risk Management Framework within FINCA Uganda by executing, and maintaining programs and activities related to management of critical operational risks.  He/She is responsible for guiding staff on Operational Risk Management for sustainable value addition to FINCA Uganda and its shareholders.

Key duties and responsibilities

1. Coordinating Business Resumption tests, departmental Business continuity tests, continuously updating the call tree lists and Business Continuity Plan training of bank staff.
2. Assessing risks and drive actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices.
3. Investigating the logged incidents by conducting a root cause analysis and tracking recommendations to resolution.
4. Implementing and reviewing the respective Branch / departmental RCSA tools, updating the risk registers and following up implementation of action points agreed in the departmental Risk Management forums, processes and project risk assessments.
5. Participating in monitoring of the bank’s adherence to corporate governance standards set in the policies and procedures and existing regulatory frameworks.
6. Creating awareness of risks that the institution is exposed to, their impact and actions/measures in place to mitigate them through formal trainings/sensitizations, forums, newsletter articles, emails, etc.
7. Performing Operational risk stress testing that will help to maintain a forward-looking risk profile of the Bank that captures the major risks and actions initiated to mitigate and control risks leading to a reduction in operational losses within the Bank’s risk appetite
8. Following up and ensuring that all Internal/External Audit and BOU inspection findings have been fully resolved and that no repeat findings arise in subsequent audits.
9. Conducting periodic risk based Function/Business Unit/Branch reviews to monitor how effective their risk management practices are and recommend for remedial actions where there are control weaknesses as part of the assurance initiatives
10. Performing testing on identified operational risk controls to ensure they have adequate governance, evidence of execution and appropriate monitoring and execution.

Work Hours: 8

Experience in Months: 36

Level of Education: bachelor degree

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