AML & Compliance Manager Job Careers – KCB Bank
Job Title: AML & Compliance Manager
Organisation: KCB Bank
Duty Station: Kampala, Uganda
Reports to: Company Secretary
About US:
KCB Bank Uganda which is part of KCB Group, East Africa’s largest commercial bank that was established in 1896. Over the years, the Bank has grown and spread its wings into Tanzania, South Sudan, Uganda, Rwanda and Burundi completing the East African circuit in the year 2012. Today, the Group has the largest branch network in the region with over 238 branches, 950 ATMs and 8,000 agents offering banking services on a 24/7 basis in East Africa. KCB Bank Uganda was established in the year 2007 and has grown to become one of Uganda’s top ten commercial banks. Currently KCB Bank Uganda has 14 branches complemented with 16 ATMs spread on Kampala Road, Commercial Plaza, Ben Kiwanuka, Luwum Street, Oasis Mall Sixth Street, Arua, Elgon Masaba, Fort Portal, Gulu, Hoima, Lira, Mbarara and Jinja that offer trade financing, corporate and retail banking services to customers.
Job Summary: The AML & Compliance Manager will be working as part of the Legal &Compliance Department- Head Office. The position will among other functions provide first line compliance surveillance, guidance and management on AML& CFT alerts and other relevant information in line with applicable laws, regulations, KCB Uganda and KCB Group policies and international standards. The jobholder will be responsible for managing the establishment of continuous dialogue, support and information on the Bank’s Compliance Universe, AML/CTF/KYC policies, and practices and other regulatory matters or which the Bank is licenced.
Key Duties and Responsibilities:
- In charge of the Bank’s regulatory compliance, monitoring and reporting to the Bank’s respective regulators not limited to the Central Bank, URBRA, Capital Markets Authority, Insurance Regulatory Authority, etc
- Develop and implement the Compliance strategy for the Bank and ensure that it is effectively cascaded across the different departments of the bank to drive awareness and alignment of the compliance agenda
- Review, interpret and train key stakeholders on the existing and emerging laws and regulations to ensure compliance with the law and regulatory bodies
- Develop and maintain a risk assessment framework for products and services, clients and customers, and other issues relating to compliance and money laundering
- Monitor internal compliance with Bank Policies, Manuals and set guidelines
- Act as anti-money laundering liaison contact in Head Office, maintaining continuous dialogue and information to business units on key issues defined in the AML/KYC policies
- Reviewing AML system alerts and internal suspicious transaction reports and ensuring they are attended to for closure/escalation as appropriate for KCB Bank Uganda Limited
- Monitoring of sales and new business activities to ensure compliance with internal policies and regulatory commitments
- Track and alert on the status and performance of AML/KYC compliance responsibilities across Bank Units
- Carryout initial review of AML alerts to ensure resolution and escalation where necessary
- Maintain AML/KYC compliance risk data collection, analysis and preparing reports with recommendations to mitigate exposures
- Maintain continuous engagement with business units and to review and advise on New Products, and Projects, for conformance with AML/KYC and sanctions programs
- Through liaison with business unit maintaining and advising status on Reputational risk issues to relevant committee
- Monitor and report on the daily management of compliance issues at respective units including significant internal policies as may be advised
- Provide compliance risk liaison at peer levels across specialist and risk functions. (Legal, Audit, Business, Risk, HR, Finance, including Forensic investigations and Insurance)
- Obtain from internal parties’ relevant documentation on transactions deemed suspicious and ensure effective record keeping
- Ensure compliance with all Tax legislation and prompt management of related stakeholders
- Develop and maintain a regulatory universe of all primary and secondary legislation including maintenance of related stakeholders
- Monitor and track 100%compliance to all laws, regulations and guidelines in the compliance universe
Qualifications, Skills and Experience:
- The ideal candidate for the KCB Bank AML & Compliance Manager job must hold a University degree in Business related degree from a recognized and reputable institution. Bachelor’s Degree in Commerce, Finance, Law or Accounts
- Professional qualification in Accounting / Banking/ Compliance. Related field, FRM, CPA U, ACCA, PRMIA, CFA, AKIB, ACIB) ACAMS, ABCI
- Total minimum number of years in Management experience required is 6 years.
- Six years of experience in Banking Operations at management
- level, Compliance, strategic Planning skills, stakeholder management and engagement
- Knowledge of the Banking Regulatory guidelines, products and services
- A good understanding of Risk, Compliance policies and procedures
How to Apply:
All candidates are encouraged to apply online at the link below.
Deadline: 6th March 2020