Job Details

Job Description

Job Purpose:

The Risk Manager will be responsible for developing, implementing, and managing the overall LOLC Finance Zambia risk management framework. This role involves identifying, assessing, and mitigating risks that could potentially impact the company’s objectives. The successful candidate will work closely with senior leadership and various departments to ensure that risk management policies and strategies are integrated into the company’s strategic planning and decision-making processes.

Key Responsibilities:

• Risk Management Framework: Develop and implement a comprehensive risk management framework that aligns with the organization’s strategic goals and objectives.
• Risk Assessment: Identify, assess, and prioritize risks across all business units and functions, including financial, operational, regulatory, and strategic risks.
• Risk Mitigation: Develop and implement risk mitigation strategies and action plans to minimize potential negative impacts on the organization.
• Policy Development: Establish and maintain risk management policies and procedures to ensure compliance with relevant laws, regulations, and industry standards.
• Risk Reporting: Prepare and present regular risk reports to senior management and the board of directors, highlighting key risks, trends, and mitigation strategies.
• Collaboration: Work closely with various departments to promote a risk-aware culture and ensure that risk management practices are embedded into business processes and decision-making.
• Training and Awareness: Develop and deliver risk management training programs and workshops to enhance risk awareness and capability across the organization.
• Stakeholder Engagement: Engage with external stakeholders, including regulators, auditors, and industry partners, to ensure effective communication and compliance with risk-related requirements.

Qualifications and Experience:

• Certified grade 12 certificate with a minimum of Credits in English and Mathematics
• Bachelor’s degree in Risk management, Accounting, Finance, Business Administration, or a related field; a Master’s degree or professional certification is preferred.
• Minimum of 6 years of experience in risk management, with at least 4 years in a leadership role.
• Proven track record of developing and implementing effective risk management strategies and frameworks.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong knowledge of risk management principles, methodologies, and tools.