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.

EQUAL EMPLOYMENT OPPORTUNITY

UMWALIMU SACCO is committed to provide equal employment opportunity to the prospective candidates without direct or indirect discrimination on grounds of ethnic or social origin, gender, political and philosophical or religious opinions.

ADDITIONAL INFORMATION

Any supplementary information regarding the recruitment advertisement shall be obtained from Human Resource Department of Umwalimu SACCO at any time during the working hours: From 8:00 AM up to 6:00 PM starting from Monday to Friday. 

If you meet the qualification, please send us your applications, via email at recruitment@umwalimusacco.rw no later than 03/06/2026 at 5 PM local time. Kindly include the job title in the subject line of your email.

NB: The vacant positions are opened to external as well as internal candidates.

Done at Kigali, /………/2026

RUTAGANDA BoscoUWAMBAJE Laurence

Director of Human Resources Director General