Compliance Officer (AML Operations) Jobs – UGAFODE Microfinance Limited (MDI)

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: recruitment@ugafode.co.ug 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: 27^th September 2022

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