Vacancy title:
Compliance Assistant

Jobs at:
NC Bank

Deadline of this Job:
10th April 2017

Duty Station:
Kampala, Uganda

Job details:
Reports to: Compliance Officer

About NC Bank:
NC Bank Uganda Limited was incorporated in Uganda on 8th August 2011 and approved as a Commercial Bank (Class 1) by Bank of Uganda on 8th February 2012. The Bank is authorized to carry out financial services business as defined in the FI Act 2004 and Finance and Operating Leases. NIC Bank started operations on 1st June 2012 and its authorized place of business is plot 4/6 Nakasero Road on Rwenzori Towers. The Bank is a fully owned by NIC Bank Limited in Kenya.

Job Summary: The Compliance Assistant will be tasked with monitoring and enforcement of AML/CFT and Compliance Policy, identification, assessment and mitigation of risks associated with Money Laundering and Terrorism Financing through daily monitoring of transactions for suspicious activity, carrying independent reviews on compliance with the policies and procedures to identify risk exposures, assess the level of adequacy of controls in place and the observance of Regulatory requirements and highlighting exceptions or violations to policy or regulations for prompt corrective action through regular reporting.

Key Duties and Responsibilities:
• Sending regular reports to management on exceptions, trends and corrective actions to the relevant committees EXCO, RMC, and Board.
• Tasked with the daily reviews of the compliance to key regulatory and internal ratios and advising remedial action.
• Keenly monitor and review daily customer transactions for suspicious activity and behavior and report to Management.
• Responsible for the implementation of the approved annual work plan which includes compliance reviews, confirmation of submission of regulatory returns and training.
• Review, and enhancement of the Compliance, AML/CFT & KYC Policy and Procedures Manual and register of compliance obligations to ensure relevance to emerging requirements and adherence to its provisions by all Units.
• Implement recommendations towards compliance with regulatory inspections and audit findings.
• Tasked with the maintenance and communication of local and international best practice on wide-ranging KYC & AML/CFT practices and prohibitions to individuals.
• Support staff in understanding and applying the applicable laws, in relation to AML/CFT management and updating them regarding local and international industry and legislative developments.
• Maintenance of policies and procedures on the intranet and effecting amendments to internal policies and procedures.
• Strengthen risk identification and assessment through the use of the Risk Control Self-Assessment tool for the Compliance department.
• Enhance risk reporting to ensure visibility of key risks.
• Carrying out Business Impact Analysis and Risk Assessments for the department & Updating of Business Continuity Plan.
• Identify self-development and training needs and develop plans to satisfy areas identified for continuous improvement of skills.
• Develop motivation and presentation skills

Qualifications, Skills and Experience:
• The ideal candidate for the Compliance Assistant job placement must hold a Bachelor’s degree University graduate.
• Possession of post graduate qualification in Risk Management or Law from a recognized institution will be an added advantage.
• Well-round knowledge of the Bank’s operations and processes and excellent knowledge of Bank policies and procedures
• Ability to identify and articulate risks from customer data and feedback from questionnaires
• Excellent knowledge of National and International Compliance Standards, and other relevant Legislations and guidelines.
• Broad knowledge and understanding of the regulatory issues, reporting and operational requirement as provided by BOU, FIA, URA, NSSF etc.
• Ability to quickly grasp and understand systems and keen to detail
• Knowledge of core banking systems, banking applications and use of spreadsheets
• Results & achievement oriented:
• Excellent communication Skills
• Good interpersonal skills
• Proactive Initiator

Job application procedure
All suitably qualified and interested candidates should send their applications together with fully updated CVs indicating three professional references, copies of academic transcripts and testimonials to the Human Resources Officer at NC Bank Uganda Limited, Plot 4/6 Rwenzori Towers, P.O Box 28707 Kampala. Uganda or on email: HR@nc-bank.com 
NB: Only short listed candidates shall be contacted.