Risk Officer Job – NIC General Insurance Company Limited

Job Title:    Risk Officer

Organization: NIC General Insurance Company Limited

Duty Station:   Kampala, Uganda

About US:

NIC Holdings is one of the largest financial institutions in East Africa with a network of branches spread across the country, offering a full range of insurance products and services in Life and Non-Life insurance businesses and Financial Management. NIC Holdings has two subsidiaries which include NIC General Insurance Company Limited and NIC Life Assurance Company Limited.

Job Summary:  The Risk Officer will support in overseeing risk assessments and mitigations across all NIC functions. The role ensures there is a comprehensive, coordinated and consistent quality in the process to report on key risks and implementation of risk management strategy and influence change to strengthen organization wide accountability.

Key Duties and Responsibilities:

  • Support the Risk Manager to develop and execute Risk based Internal Audit Plan. Update this Plan on quarterly basis and share with the Risk Manager.
  • Examine, review and assess risk management, governance and control processes and provide innovative best practices to make improvements
  • Support the integration of risk management in the operational planning and decision-making processes.
  • Support department heads in maintaining and updating the organization’s Risk Register as an active risk management tool.
  • Support department heads in developing risk monitoring plan and track implementation of the plan.
  • Support the Risk Manager in monitoring implementation of the Terms of Reference (ToR) for Risk Management Committee (RMC)
  • Track/monitor implementation of risk monitoring plan.
  • Support in strengthening capacity building of staff on risk management (e.g. fraud risk assessment and mitigation), best internal control practices, standards, and governance and NIC Insurance policies.
  • Prepare risk dashboard/report to be presented to management and the Board Risk Committee monthly and quarterly respectively.

Qualifications, Skills and Experience:

  • The applicant must hold a Bachelor’s degree in Finance or Accounting or any other related course
  • Professional qualification (ACCA or CPA)- at least level 2
  • Risk Management Certification and CIA is an added advantage
  • Three years of working experience in a similar position in a reputable institution.
  • You must have at least a credit 6 in MATHEMATICS at Ordinary Level (UCE).

How to Apply:

All suitably qualified and interested candidates should send through their CVs and copies of academic documents electronically by email to vacancy@nic.co.ug

NB: We are an equal opportunity organization; both male and female candidates are encouraged to apply

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