Regulatory Officer Jobs – Tropical Bank Limited

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Job Title:    Regulatory Officer  

Organisation: Tropical Bank Limited

Duty Station:  Kampala, Uganda

 

About US:

Tropical Bank Limited was established in 1973 under the name Libyan Arab Uganda Bank for Foreign Trade and Development. Tropical Bank Limited is jointly owned by the Governments of the Republic of Uganda 0.03% and the Libyan Foreign Bank (LFB) 99.97% of Paid-up Capital. The Bank provides professional and personalized commercial banking services to various sectors of the economy including financial support to Parastatals, Corporates, Small and Medium Enterprises, Individuals, and Non-Governmental Organisations.

 

Job Summary:  The Regulatory Officer will take lead in executing of the regulatory framework of the bank, coordinate regulatory correspondences and consolidate the respective business/ operational units’ returns and generate weekly and monthly reports for management’s attention and action

 

Key Duties and Responsibilities:

  • Identify and assess Regulatory risk associated with the Bank’s business activities, including new products, business relationships and any extension of operations on bank network.
  • Keep track and apprise management on any new bills and proposed amendments on relevant laws, circulars and any regulatory highlights across the industry and at international level.
  • Keeping an inventory of all relevant Policies and Procedures to staff and ensuring that they are up to-date with the changes in both local and International Regulations.
  • Ensure timely submission of daily regulatory reports to management and monitor compliance to regulatory ratios and CAMELs ratings.
  • Follow up on submission of all prudential returns to regulators and other stakeholders.
  • Monitor compliance with Regulatory requirements, conducting adhoc tests and gaps analysis on existing Policies and Procedures in respect to the applicable laws and regulations.
  • Oversee the identification and reporting of any significant regulatory compliance breaches
  • Ensure prompt response to information requests from all stake holders including but not limited to; Regulatory Authorities, LEA, Correspondent Banks, etc.
  • Facilitate/ coordinate in-house Trainings to all employees and Agents on the applicable laws, rules and standards of Regulatory requirements.
  • Follow up on the implementation of action plans to resolve all Regulatory issues identified within the bank and ensure closure.
  • Undertake any other assignments as may be directed from time to time.


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Qualifications, Skills and Experience:

  • The applicant must hold an Honors Bachelors’ degree in Legal, Finance, Accounting, Business or related field.
  • Diploma in Law or a Master’s degree in a related field is an added advantage
  • Professional qualification in Financial Risk and Regulation, Risk Management, CPA, ACCA or any other related Professional Body.
  • Three years of experience in a similar or related role in the areas of regulatory compliance preferably in a busy commercial banking environment.
  • Good analytical skills
  • Attention to detail
  • Good interpersonal skills, ability to listen, communicate and train.
  • Self-monitoring and ability to travel
  • Team player
  • High performer with proven track record
  • High level of integrity

 

How to Apply:

If you believe you meet the requirements for any position above, please submit your application letter together with your CV to our email only addressed to;

 

Head Human Resource,

Tropical Bank Ltd,

Plot 27 Kampala Road

P.O. Box 9485 Kampala. Uganda

 

Email to: humanresource@trobank.com

 

Deadline: 21st October, 2022.

 

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