Head of Financial Crime Management Employment Opportunity – DFCU Bank

Organization: DFCU
Duty Station: Kampala,
Reports to: Chief
Risk Officer
About US:
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 Head of Financial Crime Management will
plan, direct and coordinate Financial crime and fraud activities in the Bank
focusing on customer experience, identification of potential fraud, fraud
trends, and resolution thereof and build a strong compliance and speak up
culture across all departments. To detect, minimize and prevent losses
resulting from high risk and fraudulent monetary and non-monetary transactions.
Failure to maintain proper ethical practices and adequate controls can result
in regulatory enforcement actions including heavy fines or in worst case loss
of Bank operating licenses.
Key Duties and Responsibilities: 
  • Effectively lead the management of
    Financial Crime risk and Internal investigations, design and integrate a
    strong risk management programme into the daily management of business and
    planning to give the Bank a competitive advantage, protect our reputation,
    lower the cost of capital, reduce costs and help us to minimise the risk
    of investigation, prosecution and penalties because we do the right things
    the right way.
  • Establish, implement and maintain
    effective fraud and financial risk management and control systems,
    including policies and procedures, recommending internal controls,
    designed to ensure that all risk needs are met and minimise operational
    losses that impact negatively on the Bank’s capital.
  • Design and maintain fraud, Bribery and
    Corruption training plans for the entire Bank staff and management and
    deliver training to the senior management and business heads on financial
    crime, fraud, policies and procedures, current industry practices, to
    raise staff awareness of financial crime issues, particularly “Whistle
    Blower” and the obligation to report suspected fraudulent transactions and
    unethical conduct.
  • Ensure that all activity and
    transactions that are identified as potentially fraudulent and identified
    Bribery and corruption incidents are investigated as assigned from time to
    time to achieve specified objectives in line with the Bank’s standards for
    investigations including case management, data capture and reporting.
  • Design financial crime surveillance and
    intelligence capabilities to monitor bank transactions for unusual
    activity and to escalate issues that require review or investigation.
  • Conduct a root cause analysis on control
    and other failures and prepare and cascade lessons learnt from
    investigations as applicable and propose control improvements,
    enhancements, simplifications where necessary.
  • Lead the team manage, coach and mentor
    and set departmental individual goals and targets for financial crimes team
    investigations department to achieve outcomes set out in the Bank’s
    conduct principles.
  • Lead on Financial Crime related external
    and internal risk identification and anticipation of future trends. Work
    with the business to drive the development of appropriate mitigation
  • Carry out Fraud Risk assessment from
    time to time, within the Bank and identify country level risks. Carry out
    deep dives on controls, process, products and give appropriate
    recommendations.to the management. Establish measures to identify
    potentially fraudulent activity and report to the relevant authorities
  • Build, implement and monitor new fraud
    tools and strategies to reduce fraud losses or improve customer
    experience. Provide intelligence inputs to support calibration of the
    Banks Risk Methodologies including aggregate client risk, product risk and
    country risk assessments.
  • Provide subject matter expertise on
    Financial Crime intelligence and Investigations by developing/maintaining
    strong positive working relationships with business unit staff, peers,
    other risk partners in the industry, and senior management and by
    attending business unit meetings further by drawing on financial
    intelligence and law enforcement networks, professional qualification and
  • Acts as the interface between the Bank
    and, government security agencies and law enforcement on Financial Crime
    matters. Shares best practice with peers in the industry in order to
    position the Bank as “thought leaders” on Financial Crime Risk Management.

Qualifications, Skills and Experience:
  • The applicant for the DFCU Bank Head of
    Financial Crime Management career placement must hold a Bachelor’s degree
    in business related discipline or Law.
  • Certification in Fraud Examination.
  • ACAMs or any relevant FCCA qualification
    is a plus.
  • At least ten years of relevant
    experience gained in a financial institution.
  • Experience in regulatory investigations,
    fraud investigations and/or transaction monitoring.
  • Ability to synthesize volumes of complex
    information and distil it into varying degrees of detail to various
    audiences including senior management.
  • Should be able to code using SQL with
    strong numerical skills.
  • Proven experience in investigations at a
    forensic level.
  • Strong stakeholder management skills
  • Have a good knowledge of the
    international standards, laws and regulations relating to Financial Crime
    Risk, as well as knowledge of the local regulations and legislation on
    AML/CTF and sanctions.
  • Strong analytical and decision-making
  • Strong responsibility and organization
  • Excellent communication skills – written
    and verbal including presentation skills.
  • Strong learner, intellect and relater.
    Ability to work independently with minimal supervision and to complete
    tasks in timely manner. Self-motivated and self-reliant, with the ability
    to provide practical and effective advice.
  • Inclusive style and good listening
    skills are required. Being able to accept challenge, listen to the other
    point of view and adapt your approach accordingly is essential.
  • Good judgement. Excellent collaborative
    and team playing skills. Diplomacy, empathy and a ‘can-do attitude’.
  • Politeness, sensitivity and the ability
    to gently, but professionally stand your ground when needed.
  • An inquisitive approach to practices,
    procedures and specific transactions. Personal authority and integrity.
    Independence, creativity, resourcefulness and resilience.
  • Sound working knowledge of MS Office
    suite particularly Word, Excel and PowerPoint.
  • Must possess ability to assess risk,
    strong leadership qualities, excellent interpersonal skills and
    multi-cultural awareness and sensitivity.
  • Strong Managerial and leadership skills.
  • Ability to effectively interpret
    Regulatory statutes /Rules and guidelines.
  • Sound understanding of compliance laws,
    rules and standards obligations, legislation and their practical impact on
    dfcu Bank’s operations.
  • Effective research, good communication
    and negotiation skills.
  • Self-motivation, result – oriented.
  • In depth knowledge of banking products,
    policies and processes.
  • Demonstrated Knowledge of Corporate Law,
    Corporate Governance and Laws /Regulations governing financial
    Institutions (Local and International).
  • Sound understanding of legal issues and
    good 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 (University Transcript, O & A
level) to:
Deadline: 15th October 2019
NB: dfcu
Bank does not solicit/accept payment in cash/kind from prospective candidates
in exchange for shortlisting or job placement. Any candidate who engages in
this kind of transaction is aiding and abetting fraud and will be automatically

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