JOB TITLE

KNOWLEDGE, SKILLS, EXPERIENCE AND KEY RESPONSABILITIES REQUIRED

KEY RESULT AREA

1. DIRECTOR OF RISK

Reports to:

Director General/BOD Risk Committee

Age Limit: 45

• Being a Rwandan by Nationality
• Bachelor’s degree in Finance, Risk Management, Accounting, data analysis, statistics or related field; Master’s preferred.
• Having Professional risk management certification (e.g., FRM, CRM or PRM) highly desirable.
• Minimum of 5 years of progressive experience in risk management, including at least 3 years in a senior leadership or managerial role specifically focused on risk management preferably within financial institutions or SACCOs.
• Proven experience in implementing ERM frameworks (ISO 31000 /COSO) would be an advantage with priority.

Knowledge and Skills 

• Strong analytical skills, problem-solving, and quantitative skills.
• People management and leadership skills;
• Proficiency in MS Excel and risk reporting tools; familiarity with automated risk software is an advantage.
• Report writing skills
• Excellent communication, training, and stakeholder engagement skills.
• Strong strategic orientation
• Ability to translate complex risk information into clear insights for decision-making.
• Due Diligence 
• Attention to Detail

Key responsibilities

ERM Framework Development & Implementation

• Review and understand the SACCO’s strategic initiatives and goals to align risk management practices.
• Assess current processes and infrastructure to determine the Cooperative’s risk profile.
• Evaluate the existing ERM approach for risk identification, analysis, mitigation strategies, and monitoring.
• Perform end-to-end risk identification across all key business units.
• Identify material risks and opportunities in business units.
• Continually assess adherence to internal Risk as well as established policies.
• Conduct quantitative risk assessments to determine the Cooperative’s overall risk profile.
• Develop and maintain a comprehensive risk register to track material risks and serve as a foundation for future improvements.
• Project relevant trends that affect enterprise risk management and advise of ways to mitigate & isolate potential problem areas
• Ensure consistent application of the internal policies and procedures with regards to strategic risk, credit Risk, operational risk; etc
• Formulate a risk appetite statement aligned with Cooperative strategy, policies, and regulations.

Risk Reporting & Tools Development

• Develop user-friendly tools and datasets (preferably using MS Excel) to generate robust risk heat maps.
• Design management dashboards including Key Risk Indicators (KRIs) and propose automated monitoring solutions.
• Recommend automated tools for integration with ERM data for future enhancements.
• Document the Cooperative’s ERM Framework consistent with ISO 31000 / COSO standards.

Capacity Building & Stakeholder Engagement

• Develop risk training materials and conduct training for key stakeholders, including the Board, Management, and Risk Champions.
• Provide guidance on embedding a risk-awareness culture throughout the SACCO.

ERM Roadmap & Project Management

• Develop a roadmap to address gaps and implement the new ERM requirements.
• Produce a project close-out report summarizing the status of key risk activities, achievements, and recommendations.

• Lead the implementation and continuous improvement of the Enterprise Risk Management Framework. 
• Ensure effective identification, assessment, mitigation, and monitoring of institutional risks.
• Strengthen risk governance, compliance, and internal control systems. 
• Provide timely and accurate risk reports to Management, Board Committees, and Regulators. 
• Promote a strong risk management culture and support strategic decision-making.
• Enhance institutional resilience by minimizing risk exposures and operational losses.