AML Compliance Officer job at I&M Bank Uganda

Vacancy title:
AML Compliance Officer

[ Type: FULL TIME , Industry: Finance , Category: Management ]

Jobs at:

I&M Bank Uganda

Deadline of this Job:
29 June 2022  

Duty Station:
Within Uganda , Kampala , East Africa

Date Posted: Thursday, June 23, 2022 , Base Salary: Not Disclosed

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Learn more about I&M Bank Uganda
I&M Bank Uganda jobs in Uganda

To work with the Compliance Manager of the bank to monitor and review compliance programmes for all divisions; in accordance with the BOU guidelines, the Bank’s policies, relevant laws and Banks Business Plan.

Key Responsibilities
• Review and closure of all alerts received through the AML monitoring system.
• Identify and report all suspicious transactions to the MLCO for onward submission to FIA.
• Continually review and update all screening lists held by the Bank i.e., PEP list, blacklist.
• Handle Internal queries raised by branches and external queries raised by customers, regulators and correspondent banks on AML matters.
• Handle and resolve Customer Due Diligence on transactions, e.g. first time TTs, large cash transactions and identified suspicious transactions.
• Conduct annual KYC review of High risk customers, review their transactions continually to validate authenticity.
• Conduct annual KYC renewal for all counterparties and correspondent banks.
• Conduct risk assessments for any new products.
• Ensure compliance to regulatory requirements through continuous monitoring.
• Review transactions processed from money transfer services and prepare respective reports.
• Conduct regular trainings for all staff on AML & Financial Crime, KYC, etc.
• Conduct enhanced due diligence on high risk accounts.
• Review and update AML Policies and related manuals, procedures, guidelines.

Minimum Education Qualitifcations:
• A Bachelor’s Degree in Commerce, Statistics, Law, Economics or related field.
• A professional qualification (ACCA, CFA, ACIB, CPA, etc.) is an added advantage.
• Work Experience:
• At least one year banking experience.

Required Competencies (Knowledge, Skills & Abilities):
• Highly conversant with the regulatory framework and the Bank’s operating environment.
• Knowledge of KYC and Anti-money laundering guidelines.
• Able to personally deal with complex compliance issues.
• knowledgeable of Ugandan legislation affecting different Banking processes.
• Ability to analyze the impact of a new legislation/regulation on operations of the Bank and can translate these regulations/legislations into policies for the organization.
• Is abreast with trends and issues in the international scene on compliance matters at large and in the banking and finance industry especially.

Work Hours: 8

Experience in Months: 24

Level of Education:
Bachelor Degree

Job application procedure
To apply follow this link 

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Job Info
Job Category: Corporate / Organisation Specialist jobs in Uganda
Job Type: Full-time
Deadline of this Job: 29 June 2022
Duty Station: Kampala
Posted: 23-06-2022
No of Jobs: 1
Start Publishing: 23-06-2022
Stop Publishing (Put date of 2030): 24-06-2066
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