Website NAPSA
National Pensions Scheme Authority
ABOUT NAPSA
The National Pension Scheme Authority (NAPSA) was established in February 2000 by the National Pension Scheme Act no. 40 of 1996 of the Laws of Zambia.
This followed the closure of the Zambia National Provident Fund (ZNPF) after the responsible Act under which it was formed was repealed. This means that ZNPF stopped receiving contributions on 31st January 2000.
NAPSA was formed to provide income security against the risk arising from retirement (old age), death and invalidity with a focus on adequacy of benefits and monthly receipt of pension in a better way than the repealed ZNPF. This is achieved through the payment of different kinds of benefits to its members.
Job Title: Head – Risk (Permanent & Pensionable)
Positions Available: (1)
Job Grade: NPS 02
Job Description
The Head Risk is responsible for providing support to the Risk Director in overseeing the development and implementation of enterprise risk management framework within the Authority and related entities. The position helps coordinate the development of the Authority’s risk strategies, policies and procedures, work plans and budget to ensure alignment with and fulfilment of the overall mandate of the Authority.
Key Responsibilities
- Carry out compliance risk analysis to aid in the development of compliance improvement plans by relevant internal stakeholders.
- Utilise data analytics to ensure appropriate strategies are identified and implemented to address any gaps identified in the achievement of the Authority’s mandate.
- Provide risk assessment and advice on investment strategies and investment projects.
- Oversee the development and implementation of an effective and efficient risk management framework and internal controls, to satisfy legal and regulatory requirements, and to minimise exposure to preventable risks.
- Ensure risk management practice is embedded in the decision-making processes.
- Monitor the implementation of risk mitigation programs and recommend appropriate improvements to enhance efficiency and effectiveness in the management of risk.
- Conduct impact assessments of risk mitigation and compliance improvement plans
- Provide technical expertise to user directorates and departments to enhance risk awareness and proper risk management.
- Identify emerging risks to provide early warnings to help the Authority identify, avoid and mitigate risk exposure.
- Provide inputs into formulation of risk strategy and business development.
- Develop and implement initiatives to build an appropriate risk culture within the Authority to ensure it is fully protected from preventable risks.
Minimum Qualifications
- Grade 12 Certificate with 5 ‘O’ levels with credit or better, including Mathematics and English
- Degree in Economics, Finance, Business, Mathematics, Statistics or equivalent
- Master’s Degree in a Business-related field is an added advantage
- IRM or GARP Certified
- Credit Risk Certification is an added advantage.
Minimum Experience Required
- Not less than ten (7) years of experience in the management of Risk at a senior management level in a financial / pension industry or other industries where the profession is practiced and has matured.