Compliance Officer Job Placements – DFCU Bank
Organisation: DFCU Bank
Duty Station: Kampala, Uganda
Reports to: Senior AML and Due Diligence Analyst
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: The Compliance Officer works in the capacity of a Financial Examiner to ensure the analysis of client relationships in conjunction with the Anti Money Laundering Act, Anti-terrorism Act, Fatca, Data Protection Legislation, Sanctions Program, OFAC, and other AML-related requirements. It is a critical role in efforts to achieve and maintain dfcu Bank compliance with highly scrutinized and visible rules and regulations.
Key Duties and Responsibilities:
- Coordinate Customer Due Diligence initiatives & Enhanced Due Diligence reviews on high risk relationships.
- Carry out Independent AML / CFT risk assessments across Bank functions.
- AML / CFT analyst Coordinating transaction monitoring to ensure the Bank products and services are not used for Money Laundering and Terrorism Financing.
- Anti-Bribery & Corruption program monitoring, training & sensitization.
- Ensure Correspondent Banks’ compliance requirements are addressed in a timely manner.
- Supervise sanctions compliance monitoring.
- Supervise the Follow up on AML, CDD / KYC Audit and Regulatory Findings.
- Carry out staff training on Compliance Risk and preparation of quarterly reports on Compliance Risk Issues.
- Support all business units to comply with policies, laws, and regulations in order to protect the Bank from penalties for regulatory breaches, thus improving Corporate Governance and lowering reputational risk.
- Coordinate Statutory communications and compliance related matters.
- Maintain an updated funder’s covenants checklist on AML / CFT to ensure all requirements are complied with & carry out specific tests for compliance.
- Regular reviews of the functionality of the AML Tools and review of transaction alerts in the AML system or other monitoring tools.
Qualifications, Skills and Experience:
- The applicant for the dfcu Bank Compliance Officer must hold a Bachelor’s Degree in Business.
- One year of experience in financial services and or working in a fast-paced and dynamic regulated environment.
- Strong leadership abilities will be an added advantage.
- Critical thinking, analysis, and problem-solving skills.
- Detail-oriented with strong research skills proficiency 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:
All suitably qualified and interested candidates are encouraged to send applications with detailed CV’s 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: 15th July 2020