Summary
Date Posted: Friday, April 14 2023, Base Salary: Not Disclosed

JOB DETAILS:
I&M Bank Uganda is a commercial bank headquartered at Kampala Road plot 6/6A with a growing regional presence. The Bank offers a wide range of commercial banking and financial products and services, and prides itself on introducing innovative products and services based on the needs of its customers. We are seeking to recruit a competent and highly motivated individual with extensive experience and abilities to support business growth in the following position:

JOB TITLE: Team Leader KYC & Accounts Maintenance
LOCATION: Head Office
REPORTS TO: Head of Operations

Job Purpose
To assist the Head of Operations with the responsibility of ensuring that all branches/business comply with Know Your Customer standards for all the customers by reviewing New to bank, regular monitoring of existing customer to avoid fraud, money laundering and regulatory noncompliance penalties.

Key Responsibilities
• To follow up on all the issues that have been escalated by the KYC & Account maintenance Officers, exceptions noted and advise on the PND removal in line with KYC issues.
• Review Systems Quality Assurance for the new accounts opened by the Retail department.
• Review and authorization of newly opened Entity accounts in the core banking system and Static data changes.
• Escalate to Compliance any deficient accounts before booking in the system.
• Mentor, coach and appraise the team for better performance and career growth.
• Snap checks on account maintenance and status changes in the system.
• Train the team on KYC and AML current trends.
• Keep abreast of regulatory developments within or outside of the Bank.
• Compilation of the monthly KYC & Account maintenance exceptions report for Head of Operations attention.
• Compilation of a monthly KYC report for Head of Operations attention.
• Coordination of KYC reviews for personal and business customer accounts.
• Supervise of all activities of the KYC and Account maintenance unit.
• Coordinate with the external lawyers in conducting company searches to confirm e.g., directorship and shareholding.
• Approve/Authorize the static data changes, re-activated accounts, and Entity account opening.

Requirement
Minimum Education Qualification:
• Bachelor’s Degree in a Business-related Course

Work Experience:
A minimum of 5 years cognate experience including 2 years in KYC compliance.

Required Competencies (Knowledge, Skills & Abilities):
• Knowledge of KYC and Anti-money laundering guidelines.
• Demonstrates expert knowledge of Ugandan legislation affecting different Banking processes.
• Analysis of the impact of a new legislation/regulation on operations of the Bank and translate these regulations/legislations into policies for the organization.
• Full knowledge of the bank policies and procedures.
• High level of integrity
• MS Excel/MS Word/good accounting knowledge & analytical skills.

Note: Deadline for this job posting is 14th April 2023 at 5:00pm and Only shortlisted candidates will be contacted

Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

Job application procedure
Interested and Qualified? Click here to Apply Now

All Jobs

QUICK ALERT SUBSCRIPTION