Compliance Officer (AML Operations) Jobs – UGAFODE Microfinance Limited (MDI)

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Job Title:  Compliance Officer (AML Operations)

Organisation: UGAFODE Microfinance Limited (MDI)

Duty Station:  Kampala, Uganda

 

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 (AML Operations) is a member of Compliance department responsible for supporting the Money Laundering Control Officer (MLCO) in implementing /operationalizing the institution’s AML/CFT policies and procedures.

 

Key Duties and Responsibilities:

  • Conducting reviews of client identification and KYC documentation/information obtained by branches and ensure that the information is consistent with AML/CFT policy and procedures and satisfies regulatory requirements.
  • Work with branches and Head Office Operations to resolve account opening issues, obtain necessary information during investigations and perform on going reviews of the KYC/customer.
  • Conduct annual KYC review of high-risk customers and well as conducting ongoing EDD on high-risk customers.
  • Review of client risk scoring and changes in AML risk profiles.
  • Responsible for performing KYC/CDD/EDD periodic reviews on customers.
  • Conduct annual KYC renewal for all counterparties.
  • Review, investigate and close all alerts received through the AML monitoring tool.
  • Handle and resolve customer due diligence on transactions.
  • Identify and report all suspicious transactions to the MLCO for onward submission to the FIA.
  • Review transactions processed from money transfer services and prepare respective reports.
  • Keeping and maintaining records of high-risk customers.
  • Assist the MLCO to conduct risk assessments for any new products, new technologies, delivery channels, locations etc. in accordance with the AML requirements.
  • Assist the MLCO with both internal & external AML related inquiries ensuring prompt response.
  • Support the MLCO in conduction training of staff on financial crimes as well as conducting learning sessions for newly recruited staff.
  • Support the MLCO in the annual review of the efficiency and effectiveness of the AML policies and procedures and transaction monitoring process.
  • Prepare AML/CFT/KYC monitoring reports and dashboards on matters relating to AML compliance.
  • Handle other duties as assigned to assist with the effective administration of the AML/CFT and KYC Policies




Qualifications, Skills and Experience:

  • Must have a bachelor’s degree in Commerce, Statistics, Law, Economics, or equivalent in a related discipline together with relevant working experience.
  • A professional qualification (ACCA, CPA, CFA and Compliance qualification are an added advantage).

 

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: recruitment@ugafode.co.ug 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.

 

Applications will viewed on a rolling basis.

 

Deadline: 27th September 2022

 

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