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: [email protected] 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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