Summary
Date Posted: Wednesday, June 22, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Job purpose:
• To work with the Head Legal and Compliance to initiate, coordinate and implement Compliance activities,
• Monitor and review the Bank’s compliance program; in accordance with the BOU guidelines, the Bank’s policies, relevant laws and Bank’s Business Plan.

Job objectives
• To identify potential compliance regulatory/policy breaches in bank processes and procedures and provide advice on appropriate remedial action.
• Ensure all bank staff are sensitized about Money Laundering and are guided on reporting about the same.
• To perform periodic tests to confirm compliance with regulatory requirements and ensure that the Bank’s standards continue to be monitored effectively by Line Management.
• To ensure bank’s compliance with the regulators i.e. BOU, FIA, URA, NSSF and Ugandan laws.
• Prepare monthly Compliance report. Additionally, prepare quarterly BRC compliance report for Head of Compliance’s review.
• To establish processes for identifying and reporting any breaches or suspected breaches in the Bank’s policies and procedures to the Head of Compliance.
• To implement appropriate compliance management techniques to ensure that the bank’s key compliance risks are managed effectively.
• Liaise with Head Legal and Compliance to ensure that the bank’s product review and new product development /approval processes are compliant with the regulatory requirements and initiate reviews where changes in legal environment affect products.

Minimum Education & Experience:
Education and Qualification
• A professional qualification (ACCA, CFA, ACIB, CPA, etc.) and/Masters
• Bachelor Degree (B.Com B.STAT, BA Economics, etc.)
Experience
• At least 6 years banking experience of which 3 must be in Compliance and / or Risk preferably at supervisory
• Highly conversant with the regulatory framework and the Bank’s operating environment
• Knowledge of KYC and Anti-money laundering guidelines
• Able to deal with complex compliance issues
• Demonstrates expert knowledge of Ugandan legislation affecting different Banking processes
• 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: 72

Level of Education: Bachelor Degree

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