Dfcu Bank Careers – Compliance Risk Officer

Job Title:     Compliance Risk Officer
Organisation: Dfcu Bank
Duty Station: Kampala,
Reports to: Head of Risk
and Compliance
About Dfcu:
Dfcu bank is a
fast growing commercial bank offering a variety of innovative products and
services. DFCU Limited was started by the Commonwealth Development Corporation
(CDC) of the United Kingdom and the Government of Uganda through the Uganda
Development Corporation (UDC) under the name of Development Finance Company of
Uganda Limited. Later restructuring brought in DEG (of Germany) and
International Finance Corporation (IFC) as equal partners with CDC and UDC,
each having a 25% stake in the company. Its objective was to support long-term
development projects whose financing needs and risk did not appeal to the then
existing financial commercial lending institutions.
Job Summary: The Compliance
Risk Officer will build a strong compliance culture across functions/bank
businesses through proactive identification, measurement, monitoring and
control of compliance risk. The incumbent will also provide support to
employees on compliance, risk awareness and management which is central to achieving
the compliance objectives.
Key Duties and Responsibilities: 
Work closely with the Head of Risk and Compliance,
develop and maintain excellent relationships with regulatory bodies through
execution of a structured regulatory plan.
Work closely with the Head of Risk & Compliance
to prepare the bank for regulatory inspections, reviews and co-coordinating
responses subsequent thereto.
Coordinate/provide necessary advice to the business/functions
in the resolution of regulatory inspection and audit issues.
Ensure compliance with the applicable statutory
regulatory, supervisory requirements to protect the reputation of the bank,
avoid legal action in respect to compliance matters e.g. obligations under the
CMA, FI Act, CMA act, USE Continuing Obligation as well as avoid penalties to
the Bank.
Implement actions to ensure overall Bank compliance
with central bank requirements, other applicable laws, regulations and
standards of good practice to avoid legal or regulatory sanctions or loss of
reputation that the Bank may suffer due to non-compliance.
The incumbent will coordinate, support and monitor
business/functions through day to day compliance with applicable money
laundering laws, sanctions, anti-corruption and other related risks.
Actively monitor transactions to detect any unusual
or suspicious transactions, ensure that incidents of suspicious
transactions/suspected money laundering transactions from across the bank network
are being reported as per regulatory and legal requirements.
Work closely with the Manager – Products and Pricing
to ensure that bank products, comply with laws, regulations and Bank policies,
through a detailed understanding of local regulatory requirements.
Regularly verify KYC for new relationships/
borrowings is done on all customers and due processes are followed to prevent
money laundering in the Bank.
Qualifications, Skills and
The applicant should hold a Business Degree or Law
A minimum of three years of banking experience
Broad understanding and knowledge of banking products,
policies and processes.
Working knowledge of Corporate Law, Corporate
Governance and Laws /Regulations governing financial Institutions.
Ability to effectively interpret Regulatory statutes
/Rules and guidelines.
Computer literacy skills with Microsoft office
products and working knowledge of core banking applications
Excellent analytical skills and capabilities
Keen attention to detail, good communication and
negotiation skills
Self-motivation and result-oriented.
Excellent interpersonal skills.
Sound understanding of legal issues and exposure to
auditing principles.
How to Apply:
All candidates
who so wish to join the banking sector in the aforementioned capacity are
encouraged to send their applications with detailed CVs including present
position and copies of relevant professional/academic certificates to:
Deadline: Wednesday, 21st
October 2015
NB: Therefore, if you do not hear from us by Monday 2nd
November 2015, consider your application unsuccessful
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latest jobs, please visit http://www.theugandanjobline.com
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