Compliance Officer Job Opportunities – UGAFODE Microfinance Limited (MDI)

Job Title:       Compliance Officer
Organization: UGAFODE Microfinance Limited (MDI)
Duty Station: Head Office, 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 candidates 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.
At least two years’ experience in banking or
related financial institution with experience particularly in compliance.
A good understanding of laws and regulations
governing financial institutions.
Solution-focused, flexible thinker with a strong
“can do” attitude.
Able to influence, negotiate and engage
Strong networking and stakeholder engagement
Sound judgement, decision-making skills and
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:
All suitably qualified and interested persons who meet the
above criteria should submit (as one document) motivation letters together with
an up to date CV to our email only: (Please indicate
the position you are applying for in the subject line e.g. “Compliance Officer”).
Applications should be addressed to the Head of Human Resource.
Deadline: 14th February 2020
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