Compliance Officer Job Placements – DFCU Bank




Job Title:    Compliance Officer
Organisation: DFCU
Bank
Duty Station: Kampala, Uganda
Reports to: Senior
AML and Due Diligence Analyst
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 Compliance Officer works in the capacity of
a Financial Examiner to ensure the analysis of client relationships in
conjunction with the Anti Money Laundering Act, Anti-terrorism Act, Fatca, Data
Protection Legislation, Sanctions Program, OFAC, and other AML-related
requirements. It is a critical role in efforts to achieve and maintain dfcu
Bank compliance with highly scrutinized and visible rules and regulations.
Key Duties and Responsibilities:  
·       
Coordinate
Customer Due Diligence initiatives & Enhanced Due Diligence reviews on high
risk relationships.
·       
Carry
out Independent AML / CFT risk assessments across Bank functions.
·       
AML /
CFT analyst Coordinating transaction monitoring to ensure the Bank products and
services are not used for Money Laundering and Terrorism Financing.
·       
Anti-Bribery
& Corruption program monitoring, training & sensitization.
·       
Ensure
Correspondent Banks’ compliance requirements are addressed in a timely manner.
·       
Supervise
sanctions compliance monitoring.
·       
Supervise
the Follow up on AML, CDD / KYC Audit and Regulatory Findings.
·       
Carry
out staff training on Compliance Risk and preparation of quarterly reports on
Compliance Risk Issues.
·       
Support
all business units to comply with policies, laws, and regulations in order to
protect the Bank from penalties for regulatory breaches, thus improving
Corporate Governance and lowering reputational risk.
·       
Coordinate
Statutory communications and compliance related matters.
·       
Maintain
an updated funder’s covenants checklist on AML / CFT to ensure all requirements
are complied with & carry out specific tests for compliance.
·       
Regular
reviews of the functionality of the AML Tools and review of transaction alerts
in the AML system or other monitoring tools.



Qualifications, Skills and Experience:
·       
The applicant
for the dfcu Bank Compliance Officer must hold a Bachelor’s Degree in Business.
·       
One year
of experience in financial services and or working in a fast-paced and dynamic
regulated environment.
·       
Strong
leadership abilities will be an added advantage.
·       
Critical
thinking, analysis, and problem-solving skills.
·       
Detail-oriented
with strong research skills proficiency in Microsoft Office (Word, Excel,
PowerPoint, Project).
·       
Confidentiality
and sound business judgment.
·       
Ability
to exercise discretion when performing duties assigned.
·       
Objective
thinking.
How to Apply:
All suitably
qualified and interested candidates are encouraged to
send applications with detailed CV’s including present
position and copies of relevant professional/academic certificates (University
Transcript, O & A level) to the email address indicated below;
Vacanciesbank@dfcugroup.com
Deadline: 15th July 2020
For more of the
latest jobs, please visit http://www.theugandanjobline.com or
find us on our facebook page https://www.facebook.com/UgandanJobline

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