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Job Title:  Financial Crime Manager   

Organisation: DFCU Bank

Duty Station:  Kampala, Uganda

Reports to: Head of Financial Crime Management

About US:

DFCU Bank is a fast growing commercial bank offering a variety of innovative products and services. DFCU Limited was started by the Commonwealth Development Corporation (CDC) of the United Kingdom and the Government of Uganda through the Uganda Development Corporation (UDC) under the name of Development Finance Company of Uganda Limited. Later restructuring brought in DEG (of Germany) and International Finance Corporation (IFC) as equal partners with CDC and UDC, each having a 25% stake in the company. Its objective was to support long-term development projects whose financing needs and risk did not appeal to the then existing financial commercial lending institutions.

Job Summary:  Reporting to the Head of Financial Crime Management, the Financial Crime Manager will be responsible for detecting, minimizing, and preventing losses resulting from high risk and fraudulent monetary and non-monetary transactions.

Key Duties and Responsibilities:

• Provide advice on the development of appropriate controls for the mitigation of financial crime risks.
• Communication and monitoring of the effectiveness of anti-fraud programs and controls.
• Create awareness of the code of Conduct/Ethics, whistleblower channels to encourage reporting of fraud and reduce conduct risk.
• Maintains a programme to raise staff awareness of financial crime issues, particularly “Whistle Blower” and the obligation to report suspicious transactions.
• Identify fraud risk factors, fraud risks and fraud schemes.
• Lead forensic investigations within the Bank.
• Generate/gather facts/evidence to help prevent and deter fraud for both Internal disciplinary action and courts proceedings.
• Systematic follow up and tracking of fraud cases so that perpetrators of fraud are brought to justice and recoveries made. This includes filing complaints on behalf of the bank, preparing witnesses to testify in criminal cases filed by Bank. and acting as the interface between the Bank and, government security agencies and law enforcement on Financial Crime matters.
• Share best practice with peers in the industry to position the Bank as “thought leaders” on Financial Crime Risk Management.
• Lead on Financial Crime related external and internal risk identification and anticipation of future trends. Works with the business to drive the development of appropriate mitigation strategies.
• Put in place, and maintain, appropriate financial crime procedures that are consistent with the requirements of the Bank’s policies and local regulatory requirements.
• Act as the Bank’s centre of expertise, providing advice and recommendations on financial crime issues.
• Provide guidance on proper application and interpretation of financial crime related laws, regulations, and policies.
• Assist in the development of an effective internal compliance culture by promoting the benefits of ethical business conduct and the benefits of compliance.
• Prepare regular and accurate financial crime reports that are escalated to the relevant bank departments.
• Carry out periodic Fraud Risk assessments to identify areas of control deficiencies that can be exploited to perpetrate fraud.
• Process and follow up fraud claims from suspects and insurers.

Qualifications, Skills and Experience:

• The applicant must hold a Bachelor’s Degree in a Business-related discipline or Law.
• At least five years of experience in financial crime investigation/prosecution.
• Knowledge of banking, products, risks, and processes such that advice is as informed, appropriate, and relevant to business needs.
• Sufficient knowledge of Criminal law, other local laws, regulatory expectations, and internal policy requirements as they relate to financial crime risk.
• Certified Fraud Examiner accreditation is an added advantage.
• Experience in Digital Forensics Investigations is an added advantage.
• Good interviewing skills to enlist required information.
• Proficiency in Microsoft Word and Excel spreadsheets.
• Ability to collect, analyze and evaluate information and the preparation of written concise reports of work performed plus recommendations.
• Ability to communicate clearly and effectively, both orally and in writing.
• Ability to foster cooperation and support of stakeholders.
• Ability to interact at senior levels with local regulatory, government, law enforcement and industry to provide the Bank with a more informed view of financial crime risks.
• High level of maturity, confidentiality, and objectivity.
• Possession of flexibility and ability to adapt appropriately to changing requirements and situations.
• Analytical and possession of an objective and probing mind.
• Supervision must be minimal, so the person has to be tolerant and be able to stand the pressure from courts in regard to cases taken before courts of law.
• Ability to handle the pressure from customers claiming refunds of stolen money, and the ability to recommend refunds accurately.
• Ability to make the right call even if it displeases anyone or group of staff.
• Excellent communications and engagement skills.
• Strong attention to detail and personal effectiveness.
• High-level of integrity and standards.
• Self-drive and initiative.
• Unafraid to take responsibility.
• Ability to work effectively with local contemporaries and peers in other clusters and regions to maintain a collaborative culture.

How to Apply:

If you believe you meet the requirements as noted above, please forward your application with a detailed CV including present position and copies of relevant professional/academic certificates (University Transcript, O & A level), to the email address indicated below.

Vacanciesbank@dfcugroup.com

Deadline: 22^nd August 2023

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