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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

Miiro Allan

I am a team player who is committed to learning, excellence, ethics and people, also an excellent communicator with great interest in technology innovations, branding and communications for Business and passion for community service and positive change.

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