Vacancy title:
Team Leader, AML Compliance & Monitoring

Jobs at:
Stanbic Bank

Deadline of this Job:
18th March 2018

Duty Station:
Kampala, Uganda

Job details:
Stanbic Bank Uganda Limited is a subsidiary of Stanbic Africa Holdings Limited which is in turn owned by Standard Bank Group Limited (“the Group”), Africa’s leading banking and financial services group. The Standard Bank Group is the leading banking group focused on emerging markets. It is the largest African banking group ranked by assets and earnings. Stanbic Bank Uganda Limited is the largest bank in Uganda by assets and market capitalization. It offers a full range of banking services through two business units; Personal and Business Banking (PBB), and Corporate and Investment Banking (CIB).

Job Summary: The Team Leader, AML Compliance & Monitoring directly supports the Money Laundering Control Officer (MLCO) in execution of the bank's AML framework. The Team Leader supervises a team of AML analysts who are responsible for transaction monitoring and investigation of suspicious transactions. The Team Leader also supports the initiatives to embed the compliance culture in the bank and is responsible for providing compliance monitoring and advisory services.

Key Duties and Responsibilities:
Transaction Monitoring

• Perform quality assurance of transaction alerts completed by the AML analysts.
• Tasked with the preparation of suspicious transaction reports with subsequent escalation to the MLCO for reporting to the Financial Intelligence Authority (FIA).
• Tasked with the maintenance of a daily dashboard of daily alert closure statistics
• Review and resolution of Politically Exposed Persons (PEP), AML and sanctions detection alerts generated by the monitoring system.
• Preparation of lists of Politically Exposed Persons (PEP) matches and subsequent submission to the MLCO for obtaining approval from the Politically Exposed Persons (PEP) committee.
  Compliance Monitoring
• Support the review of the respective business unit Regulatory Universes and Compliance Risk Management plans.
•  Monitor in accordance with the approved monitoring plan, adherence to the Compliance Governance, legal and regulatory standards to identify further areas of improvement and detect significant compliance breaches and exposures.
• Assist and advise the Business Units (BUs) on the resolution of compliance audit/ monitoring issues.
  Advisory
• Analyse and identify compliance risks, processes & controls and provide advice to management.
  Attend and participate in appropriate committees, meetings, business processes and initiatives to ensure that any compliance requirements are appropriately considered.
• Provide advice on compliance issues specific to the Bank and Business areas (new businesses, products, and other initiatives such as projects).
• Advise on compliance related legislation affecting the respective Bank and Business Areas;
  Compliance Training
• Provide support in the development, drafting and updating of training programs/ manuals and the delivery of training tailored to the BU(s) needs.
• Monitor and report on training uptake of mandatory Compliance Training by Business Units supported.
  People Management
• Support and maintain strong team dynamics and culture.
• Creating an environment for learning and development and successful growth of direct reports.
• Recognition and reward
• Effective performance management of direct reports

Qualifications, Skills and Experience:

• The ideal candidate for the Stanbic Bank Team Leader, AML Compliance & Monitoring job placement should preferably hold a Bachelor’s degree in, Business, Banking, or other related field. Professional Certifications in AML will be an added advantage.
• Three to four years of experiences in compliance or related areas such as Audit and Risk.
•  Any experience in leading teams will be an added advantage.
• Knowledge in Banking
• Knowledge of laws, statutes and regulations of the Banking industry in Uganda

Job application procedure
All candidates who wish to join the one of Africa’s biggest Banking Groups, Standard Bank in the aforementioned capacity are encouraged to Apply Online by visiting Link below.

Click Here