Job Title: Head of Compliance
Organisation: Opportunity Bank
Duty Station: Kampala, Uganda
Reports to: Executive Director
About US:
Opportunity Bank is a Commercial Bank licensed and supervised by Bank of Uganda. We are the Bank of choice for all who aspire to a life of dignity and purpose. We offer innovative technology-led financial solutions and training to transform lives and Communities. We do this with care, respect and in a sustainable way.
Job Summary: The Head of Compliance is responsible for planning, developing, implementing and monitoring compliance risk management strategies for the bank in line with national laws, Bank of Uganda regulations/ guidelines and the bank’s policies and procedures.
Key Duties and Responsibilities:
- Develop, implement and monitor the banks compliance framework and ensure that all bank operating procedures meet the compliance requirements as defined by the regulator and bank policies/procedures.
- Prepare and present bank-wide compliance report to EXCO indicating business enhancements/ recommendations.
- Monitor transactions for adherence to anti-money laundering laws and report all non-compliant or suspicious transactions to EXCO and FIA.
- Champion the compliance program to guide overall institutional compliance.
- Conduct periodical compliance assessment audits.
- Undertake regular account reviews on accounts of PEP (Politically Exposed Persons) and transaction checks on a monthly basis in line with AML Regulations 2015 and Anti Money Laundering Act 2013. In this regard the Compliance Manager shall be the Money Laundering Control Officer of the Bank.
- Liaise with regulatory bodies and other financial institutions regarding the relationship we hold with them.
- Coordinate and communicate updates of the bank’s policies and procedures to reflect changes in the regulatory requirements and bank standards.
- Review of the draft updated policies to ensure they reflect changes in the regulatory framework and bank’s business plan.
- Train staff on matters relating to compliance covering general bank standards and regulatory requirements
- Manage the performance of the Compliance team ensuring that each team member has plans and targets in place and is delivering; take appropriate corrective action as required
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Qualifications, Skills and Experience:
- The ideal applicant must hold a Master’s Degree in a related field is an added advantage.
- Bachelor’s degree in business or law.
- At least five years’ experience working in the banking sector with at least 2 years’ experience at supervisory or managerial level.
- Relevant experience in a compliance related field is an added advantage.
- Leadership, strong negotiating and excellent communication skills.
How to Apply:
All qualified candidates are encouraged to apply, regardless of disability, gender, marital status, religion and ethnicity.
Interested candidates should send their signed application letters together with their curriculum vitae to [email protected]
Deadline: 4th November 2022
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