Job Description

Risk Manager – Kigali, Rwanda

Old Mutual Insurance Rwanda is seeking a highly experienced and strategic professional for the position of Risk Manager based in Kigali, Rwanda. This senior-level opportunity is ideal for candidates searching for risk management jobs in Rwanda, insurance sector careers, compliance manager vacancies, AML and KYC jobs, financial risk analyst roles, enterprise risk management positions, and corporate governance careers in Africa.

Professionals looking for finance and insurance opportunities in East Africa can also explore Jobs in Rwanda

Job Overview

• Position: Risk Manager
• Company: Old Mutual Insurance Rwanda
• Location: Kigali, Rwanda
• Employment Type: Full-Time
• Industry: Insurance / Financial Services
• Department: Risk Management & Compliance
• Reports To: Managing Director
• Management Level: Manager of Others
• Work Environment: Corporate and regulated financial services environment

Job Summary

The Risk Manager will support the Enterprise Risk Management and Compliance function through implementation of risk management frameworks, compliance systems, internal controls, AML monitoring, and corporate governance procedures. The role focuses on identifying, measuring, monitoring, and reporting financial and operational risks while ensuring compliance with internal policies and regulatory standards.

This role is suitable for professionals with strong expertise in risk analysis, insurance operations, compliance monitoring, AML procedures, KYC processes, financial reporting, and strategic risk management.

Key Duties and Responsibilities

Enterprise Risk Management

• Monitor implementation of group risk policies, procedures, standards, and guidelines
• Identify operational and financial risk gaps and recommend corrective actions
• Conduct risk assessments and support enterprise risk management initiatives
• Develop risk dashboards, reports, and compliance monitoring systems
• Support continuous improvement of risk management frameworks

Financial Risk Analysis & Compliance

• Conduct stress testing, sensitivity analysis, and financial risk simulations
• Monitor compliance with regulatory requirements and internal control systems
• Track compliance matrices and risk monitoring reports
• Prepare quarterly risk reports for the Board and Executive Committee
• Ensure adherence to corporate governance and regulatory frameworks

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AML, KYC & Regulatory Oversight

• Implement Anti-Money Laundering (AML) and sanctions compliance procedures
• Conduct customer due diligence and Know Your Customer (KYC) verification
• Monitor suspicious transactions and unusual financial activities
• Escalate compliance breaches and regulatory concerns appropriately
• Maintain accurate customer and compliance data records

Team Leadership & Staff Training

• Provide risk awareness training to employees and management teams
• Guide departments on compliance standards and operational controls
• Support development of internal risk and compliance culture
• Coordinate technical education and professional competency initiatives

Educational Qualifications

Applicants must possess:

• Master’s Degree in:
  • Actuarial Science
  • Finance
  • Business Administration
  • Economics
  • Risk Management
  • Or related disciplines

Professional Certifications

Candidates should possess or be pursuing certifications such as:

• Risk Management Certification
• Actuarial Science Qualification
• Certified Risk Management Professional
• Financial Risk Management Certification
• Compliance or AML Certification

Experience Requirements

Required Experience

• Minimum 5 years of mid-level risk management experience
• Prior experience within the insurance or financial services sector
• Strong knowledge of:
  • Enterprise Risk Management
  • Compliance monitoring
  • AML and KYC regulations
  • Financial risk analysis
  • Corporate governance
  • Internal controls and audit procedures

Preferred Experience

• Experience working within regulated financial institutions
• Knowledge of insurance compliance frameworks
• Familiarity with regulatory reporting and board-level risk reporting
• Experience managing teams and cross-functional operations

Required Skills and Competencies

• Risk assessment and mitigation
• Financial and operational analysis
• Leadership and team management
• Strategic planning and organizational skills
• Compliance and regulatory knowledge
• Communication and presentation skills
• Analytical thinking and problem-solving
• Attention to detail and reporting accuracy
• Stakeholder management and decision-making
• Ability to work under pressure in a corporate environment

Salary and Benefits

The organization offers a competitive compensation and benefits package that may include:

• Attractive monthly salary
• Performance-based bonuses
• Medical and health insurance
• Pension and retirement contributions
• Paid annual leave
• Professional certification sponsorship
• Leadership and management development programs
• Career advancement opportunities within financial services
• Corporate training and compliance workshops

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Training & Professional Development

Selected candidates may receive:

• Enterprise Risk Management training
• AML and sanctions compliance workshops
• Financial risk modeling and reporting training
• Corporate governance seminars
• Leadership and people management programs
• Regulatory compliance and insurance law orientation
• Internal audit and operational control development programs

Why Apply for This Position?

This role offers an opportunity to:

• Work with a leading insurance and financial services organization
• Develop expertise in enterprise risk management and compliance
• Lead strategic financial risk initiatives
• Gain exposure to board-level reporting and governance structures
• Build a long-term leadership career in insurance and financial management

Application Process

Interested applicants should prepare:

• Updated CV or Resume
• Cover Letter
• Academic Certificates
• Professional Certifications
• Valid Identification Documents
• Police Clearance Certificate or proof of application

Shortlisted candidates may undergo:

• Technical risk management assessments
• Compliance and AML evaluation
• Leadership and competency interviews
• Background and reference verification

Equal Opportunity Statement

Old Mutual Insurance Rwanda promotes diversity, professionalism, and equal employment opportunities. Qualified candidates from diverse backgrounds are encouraged to apply based on skills, experience, and professional competence.