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.
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