Head of Compliance Employment Opportunity – Opportunity Bank Uganda Ltd (OBUL)

Job Title:  Head of Compliance  

Organisation: Opportunity Bank Uganda Ltd (OBUL)

Duty Station:  Kampala, Uganda

 

About Organisation:

Opportunity Bank Uganda Ltd (OBUL) is a member of Opportunity International, a global microfinance institution that provides access to financial services in 27 Countries globally serving over 2 Million customers with Savings, Credit and other transformational services aimed at transforming the lives of low income earners.

 

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 bank’s 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 Head of Compliance shall be the Anti-Money Laundering Control Officer(AMLCO) of the Bank.
  • As the AMLCO be the contact point for internal and external authorities, including supervisory authorities or the Financial Intelligence Authority, concerning Anti-Money Laundering issues.
  • 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

 



Qualifications, Skills and Experience:

  • The applicant must hold a Master’s Degree in a related field is an added advantage
  • Bachelor’s degree in business, law or related field
  • Five years of experience working in the banking sector with over 5 years at middle management and at least 2 years’ experience at supervisory level
  • ​Relevant experience in a compliance related field is an added advantage

 

How to Apply:

All suitably qualified and interested candidates are encouraged to apply online at the link below.

 

Click Here

 

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Date Posted 2024-05-31T11:09
Valid Through 2024-06-15T00:00
Employment Type FULL_TIME
Hiring Organization Opportunity Bank Uganda Limited
Job Location Kampala, Kampala, Kampala , 0256, Uganda

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