Compliance Officer Jobs – UGAFODE Microfinance Limited (MDI)

Organisation: UGAFODE
Microfinance Limited (MDI)
Duty Station: Kampala, Uganda
Reports to: Compliance Supervisor
About US:
UGAFODE Microfinance
Limited (MDI) is a registered financial institution in Uganda and is adherent
to the Central Bank’s regulations and guidelines and was founded in 1994 to
provide quality microfinance services.
Job Summary:  The Compliance Officer shall be responsible
for providing support in the identification, assessment, monitoring and
implementation of recommendations as well as reporting of the Institution’s
compliance risks in line with UGAFODE (MDI) Annual operating plan
Key Duties and Responsibilities: 
  • Anti-Money Laundering and Combating Financing of Terrorism acts (AML
    & CFT):
    Ensures UGAFODE’s Money Laundering compliance by monitoring
    and reviewing AML risk through an efficient identification and monitoring
    of any suspicious activities process as well as timely reporting.
  • Implementation of scheduled compliance risks: Conducts compliance
    checks as per approved compliance schedule, conduct reviews, assessments
    including addressing compliance faults and subsequent reporting of
    compliance risk from all bank branches and departments in line with bank’s
    annual operating plan.
  • Closing pending compliance issues: Visits branches and other
    operational departments and closes pending and emerging compliance issues
    and action plans in line with agreed recommendations and timelines of
    annual compliance plan.
  • Reviews and reporting: Continuously reviews, prepares and submits
    follow up reports on compliance/non-compliance to lenders covenants and
    other service level agreements, review internal risks limits for UGAFODE,
    regulators and other critical entities in line with set policy and
    procedural standards of the bank.
  • Conduct regulatory compliance reviews: Follows up, documents and
    promptly disseminates regulatory guidelines/directives and ensures timely
    implementation of the same. Also reviews and assess red flag transactions
    in the bank in line with Anti money laundering, suspicious transactions as
    well as KYC requirements of the bank.
  • Compliance Training: Provide relevant support in the implementation
    of compliance trainings to staff so as to resolve any compliance
    deficiencies detected to spur an efficient business operations for the
    bank and for purposes of new staff on boarding and compliance awareness
  • Follow up on Audit issues: Identifies, reviews and implements
    findings brought forward by Audit (internal & External) and Risk
    against regulatory compliance to the bank

Qualifications, Skills and Experience: 
  • The ideal candidate for the UGAFODE Microfinance Limited (MDI) Compliance
    Officer job must hold a Bachelor’s degree in Business Administration or a
    business related field.
  • Should have completed/passed at least three papers of CPA or ACCA.
  • Two years’ experience in banking or related financial institution
    with experience particularly in compliance.
  • A good understanding of laws and regulations governing financial
  • Solution-focused, flexible thinker with a strong “can do” attitude.
  • Able to influence, negotiate and engage diversity.
  • Strong networking and stakeholder engagement skills.
  • Sound judgement, decision-making skills and analytical.
  • Broad knowledge of Banking Operations, Pertinent Banking Compliance
    legislation, policies and procedures.
  • In-depth knowledge of AML, KYC principles, workings of different
    international sanction list is crucial.
How to Apply:
If you believe you
meet the requirements as stated, submit an application letter together with an
up-to-date CV to our email: Please indicate the job
title you are applying for in the Email Subject Line. Your applications should
be addressed to the Head of Human Resources
Deadline: 29th August 2019
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