Exciting Career Opportunity at the Rwanda Social Security Board (RSSB) – Manager, Business Risk
Are you a dynamic professional with a passion for managing and mitigating business risks? Do you thrive in fast-paced environments, possess exceptional analytical skills, and have a knack for strategic decision-making? If so, Rwanda Social Security Board has an exciting opportunity for you!
As a Manager, Business Risk at Rwanda Social Security Board, you will play a pivotal role in shaping the future of our organization and our clients. You will lead a team of dedicated professionals in identifying, assessing, and mitigating risks while uncovering opportunities for growth. You will work closely with executive leadership to develop and implement risk management strategies that will drive sustainable success.
Reporting to the Chief Risk Officer, the Manager, Business Risk will be responsible for managing business risks for RSSB; conducting extensive research and assessments to evaluate risk levels and develop contingency plans and solutions that mitigate corporate risks and liabilities.
About RSSB
The Rwanda Social Security Board (RSSB) has the mandate to manage and promote social security in Rwanda. RSSB’s vision is to provide a comprehensive social security system that caters to the diverse social security needs of the population, RSSB plays an important role in realising Vision 2050 and the National Strategy for Transformation (NST1). RSSB manages six social security schemes, namely: Pension, Occupational Hazards, Medical scheme, CBHI, Maternity Leave Benefits and EjoHeza (Long-term Term Saving Scheme).
As a leading player in the financial sector, RSSB serves as the largest institutional investor in Rwanda. With assets under management amounting to 2.06 trillion Rwf , which is equivalent to over 15% of the country’s GDP, RSSB invests in key sectors of the economy and plays a crucial role in growing the country’s financial sector. With approximately 12 million members in the above six schemes, encompassing over 90% of Rwanda’s population, RSSB is at the forefront of securing the health and financial well-being of Rwandans.
To achieve its important mandate, RSSB is embarking on a transformative journey, aiming to become a modern, data-driven, and high-performing institution. As part of this ambitious initiative, we are seeking highly motivated individuals who are results-oriented and uphold the highest standards of professionalism and integrity. By joining RSSB, you will have the opportunity to actively contribute to the advancement of social security and overall transformation of Rwanda.
If you are passionate about making a meaningful impact, ready to embrace innovation and change, and eager to work in a dynamic and collaborative environment, then RSSB is the place for you.
Roles & Responsibilities
- Identify gaps in the business risk management policies and procedures and propose improvements.
- Prepare and implement business continuity plans to limit business risks.
- Implement business risk management policies and contingency plans to mitigate and control risks and liabilities.
- Perform business risk assessment, analyse current risks, and identify potential business risks that are affecting RSSB.
- Monitor regular business risk controls implementation, action plan development and monitoring including control self-assessment reports.
- Collaborate with various functions to identify business risk management champions.
- Develop the Institution business risk appetite, set Key Business Risk Indicators, different tolerance levels and ensure effective implementation, monitoring, and reporting.
- Perform risk evaluation including RSSB’s previous handling of risks and compare potential business risks with set criteria such as costs and legal requirements.
- Perform testing of Business Continuity Plan (BCP) procedures including testing and review of Disaster Recovery
- Prepare business risk management and insurance budgets.
- Ensure timely incident reporting, appropriate recording, and effective management.
- Monitor effective fraud risk management, facilitate effective investigation and mitigation.
- Plan and design an overall risk management process for the core business of RSSB.
- Supervise identification and preparation of business risk management training documents.
- Coordinate the preparation and implementation of business risk management awareness campaigns.
- Coordinate annual and strategic planning and budgeting relating to business risk management function and ensure timely preparation of performance reports.
- Ensure regular business risk reports to the General Management, Board of Directors, and key stakeholders.
- Manage and evaluate staff under his/her supervision.
Key Requirements
The successful candidate must have at least:
- Master’s Degree in Risk management, Finance, Accounting, economics, Actuarial Science, Insurance, or any other relevant field with at least 4 years’ relevant experience, 2 of which should be in supervisory role
OR
- Bachelor’s Degree in Risk management, Finance, Accounting, economics, Actuarial Science, Insurance, or any other relevant field with at least 6 years’ relevant experience, 2 of which should be in supervisory role.
- Professional qualification in risk management as an added advantage
Key competencies
Technical Competencies:
- The role holder must have strong risk management and corporate governance skills
- The incumbent should be conversant with enterprise risk management
- The role holder must be familliar with risk management assurance and financial risk management
- The role holder should have knowledge in investment legislation and policy
- The incumbent should understand social security legislation
Behavioral Competencies:
- Must demonstrate impeccable customer service focus, strategic thinking, and strong ethical background with an ability to resist and zero tolerance for corrupt, political and other undesirable influences;
- Must be able to establish and maintain constructive and effective relationships with key stakeholders and staff alike;
- Must be open to change and adapt established methods for new uses within the institution;
Additional Information
The position is based in Kigali, Rwanda and applicants must be willing to relocate outside their countries of domicile.
RSSB reserves the right to appoint or to issue an employment contract to the successful candidate.
Interested candidates are advised to visit the RSSB website for a more detailed job description for the role, and submit your application online by Thursday, 22 August 2024.
In addition, please attach a curriculum vitae that contains details of your qualifications, experience and positions held relevant to this role. Include your day and evening telephone numbers, email address, names and address of three professional referees. Also, attach copies of your academic and professional qualifications.
Any form of canvassing will lead to automatic disqualification.
Only short-listed applicants will be contacted.
Shortlisted candidates will be required to submit a valid Criminal Clearance Certificate.
RSSB is an Equal Opportunity Employer
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