Exciting Career Opportunity at the Rwanda Social Security Board (RSSB) – Manager, Corporate Risk
Are you ready to embark on a transformational journey? We are seeking a dynamic and forward-thinking leader to join us as the Manager, Corporate Risk. If you thrive in dynamic environments and are committed to innovation and transformation, this is the opportunity for you!
The Rwanda Social Security Board aspires to operate as efficiently as possible. This role offers an opportunity to support the corporate risk management and compliance functions that are critical to the success and continuity of RSSB. In this role you will be required to develop the corporate risk appetite for the Board to be able to make informed decisions towards driving a risk-informed agenda. You will play the critical role as a bridge between risk management and desired outcomes of the business in the long term.
Reporting to the Chief Risk Officer, the Manager, Corporate Risk will be responsible for managing corporate 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.
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.
Key Duties and Responsibilities
- Identify gaps in the corporate risk management policies and procedures and propose improvements
- Implement corporate risk management policies and contingency plans to mitigate and control risks and liabilities
- Conduct detailed corporate risk assessments and evaluate corporate risk levels and implications
- Ensure regular corporate risk controls implementation, action plan development, and monitoring including control self-assessment reports
- Perform testing of Business Continuity Plan (BCP) procedures including testing and review of Disaster Recovery
- Collaborate with various functions to identify corporate risk management champions
- Develop the Institution corporate risk appetite, set Key Corporate Risk Indicators, different tolerance levels and ensure effective implementation, monitoring, and reporting
- Review and analyse metrics and data such as cash flow, inventory, breakage, and employee activity that could uncover fraudulent behaviour
- Recommend and implement corporate risk management solutions such as insurance, safety and security policies, business continuity plans, or recovery measures
- Undertake corporate governance involving external risk reporting to relevant stakeholders
- Supervise identification and preparation of corporate risk management training documents
- Coordinate the preparation and implementation of corporate risk management awareness campaigns
- Coordinate annual and strategic planning and budgeting relating to corporate risk management function and ensure timely preparation of performance reports
- Ensure regular corporate risk reports to the General Management, Board of Directors, and key stakeholders
- Manage and evaluate staff under his/her supervision
- Perform any other duties related to Corporate Risk Management function as may be assigned from time to time
Key Qualifications and Experience
The successful candidate must have at least:
- Master’s Degree in Risk management, Finance, Accounting, Economics, Insurance, or any other relevant field with at least 4 years’ relevant experience, 2 of which should have been in supervisory role
OR
- Bachelor’s Degree in Risk management, Finance, Accounting, Economics, Insurance, or a related field with at least 6 years’ relevant experience, 2 of which should have been 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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