Description

UMWALIMU SACCO

invites applications from competent, dynamic, and self-driven professionals with high levels of integrity, professionalism, and analytical capability to join our growing institution as we advance to the next level of excellence.;To support this ambition, Umwalimu SACCO seeks to recruit a Director of Risk department with proven experience and strong leadership capability to design, implement, and oversee a robust Enterprise Risk Management (ERM) Framework.;The successful candidate will be responsible for ensuring the effective identification, assessment, mitigation, and continuous monitoring of strategic, financial, operational, and compliance risks. The role will work closely with the Board of Directors, Senior Management, and key stakeholders to strengthen risk governance, support strategic decision-making, and ensure full compliance with regulatory and supervisory requirements. If you believe you have what it takes, we would like to hear from you.;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. Put the job title as the subject of the email.Interested candidates should submit soft copies of the motivation letters, CV’s, copy of required degrees and other important documents like certificates of service rendered as a proof of required experience, National Identity Card, and other certificate of training or courses attended, Kindly note that only shortlisted candidates will be contacted for the exam and interview.

KNOWLEDGE, SKILLS, EXPERIENCE AND KEY RESPONSABILITIES REQUIRED

Qualifications

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• Director Of Risk at Umwalimu SACCO
• Director Of Risk
• Umwalimu SACCO
• Deadline
• 2026-06-03
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• 38
• Positions:
• 1
• Job Description
• Umwalimu SACCO invites applications from inspired innovators and dynamic, self-driven professionals with a high level of creativity and integrity to join our growing institution as we advance to the next level of excellence.
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• To support this ambition, Umwalimu SACCO seeks to recruit a Director of Risk department with proven experience and strong leadership capability to design, implement, and oversee a robust Enterprise Risk Management (ERM) Framework.
• The successful candidate will be responsible for ensuring the effective identification, assessment, mitigation, and continuous monitoring of strategic, financial, operational, and compliance risks. The role will work closely with the Board of Directors, Senior Management, and key stakeholders to strengthen risk governance, support strategic decision-making, and ensure full compliance with regulatory and supervisory requirements. If you believe you have what it takes, we would like to hear from you.
• 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. Put the job title as the subject of the email.
• Discover more
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• Interested candidates should submit soft copies of the motivation letters, CV’s, copy of required degrees and other important documents like certificates of service rendered as a proof of required experience, National Identity Card, and other certificate of training or courses attended, Kindly note that only shortlisted candidates will be contacted for the exam and interview.
• JOB TITLE: DIRECTOR OF RISK
• Reports to: Director General/BOD Risk Committee
• KNOWLEDGE, SKILLS, EXPERIENCE AND KEY RESPONSABILITIES REQUIRED
• 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.

Key responsibilities

Key responsibilities are:

• 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.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.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.Develop a roadmap to address gaps and implement the new ERM requirements.