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Job Title:  Compliance Manager   

Organisation: DFCU Bank

Duty Station:  Kampala, Uganda

Reports to: Head of Compliance

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 Compliance, the Compliance Manager will be charged with reviewing and examining the Bank processes and procedures to ensure that the Bank adheres to all applicable regulations and laws.

Key Duties and Responsibilities:

• Responsible for researching, assessing, and monitoring new developments in relevant bank-related legislation and regulatory sphere, and updating bank personnel promptly.
• Maintain an updated inventory of all laws, regulations & guidelines affecting the Bank.
• Gap analysis on new and existing Legislation.
• Maintain an up-to-date inventory of Bank Policies, Procedures, Processes & Circulars.
• Coordinate review of all the Bank Policies, Procedures, and Processes & ensure circulars are repealed.
• Liaise with business units to oversee compliance procedures and offer regulatory compliance risk management advice.
• To monitor and sensitise staff on possible regulatory breaches that may cause penalties ensuring zero regulatory penalties are levied on the Bank.
• Monitoring compliance with Corporate Governance standards and Reporting.
• Monitoring and reporting on compliance with funders’ requirements.
• Monitoring compliance on contracts, MOUs, and agreements to ensure the Bank obligations are clear, understood and embedded in the operations.
• Monitor market abuse as a theme of compliance.
• Monitor compliance with Regulatory & statutory reporting timelines.
• Monitor relevant Global legislation that affects how the Bank operates i.e., Fatca, GDPR, & others.

Qualifications, Skills and Experience:

• LLB or a Business Degree with a Diploma in Law or certification in regulatory compliance.
• Minimum of three years experience in financial services and or working in a fast-paced and dynamic regulated environment.
• Stakeholder management skills.
• Critical thinking and problem-solving skills.
• Detail-oriented with strong research skills.
• Proficient in Microsoft Office (Word, Excel, PowerPoint, Project).
• Confidentiality and sound business judgment.
• Ability to Exercise discretion when performing duties assigned.
• Objective thinking.

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: 21st May 2024

Disclaimer: dfcu Bank does not solicit/accept payment in cash/kind from prospective candidates in exchange for shortlisting or job placement. Any candidate who engages in this kind of transaction is aiding and abetting fraud and will be automatically disqualified.

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