I&M Bank Uganda Head Compliance Jobs in Uganda

I&M Bank Uganda Head Compliance Jobs in Uganda

  • To implement and maintain the Compliance Policy and Program, highlight incidents of non-compliance to senior management and advise the business regarding regulatory and internal policy requirements including Anti Money Laundering /Combating the Financing of Terrorism (AML/CFT) and Know Your Customer (KYC) requirement.

    Key Responsibilities

    • Develop and implement systems, mechanisms and procedures to ensure that Bank staff immediately report suspicious money laundering or terrorism financing activity.

    • Clearly define and articulate the compliance obligations for each functional area and department of the Bank with clear allocation of compliance responsibility.

    • Strengthen compliance and AML risk Identification and assessment.

    • Conduct an annual risk assessment relating to financial crime and Data Protection and incorporate conclusions into current policies and requirements.

    • Develop and ensure maintenance of a robust system that tracks compliance to establish legal, regulatory and policy parameters and prompt escalation of any exceptions or weaknesses.

    • Support management remediation plans for all incidence of non-compliance with policy/procedure and follow up implementation on a timely basis and escalating to the Board as necessary.

    • Make practical and acceptable recommendations where systems and procedures are in need of enhancement to counter the risk of financial crime.

    • Coordinate and maintain regulator relationships to ensure ease of communication, information sourcing, and achievement of response timelines.

    • Maintain the correspondent and counterparty Bank Register with regard to AML/CFT & KYC requirements.

    • Ensure that compliance to policies, procedures, standards and practices are properly communicated and followed by responsible Bank staff.

    • Ensure preparation of monthly and quarterly compliance status reports for circulation to the Bank’s Board Committee and Management Committees.

    • Periodically conduct audits and reviews to ensure execution of compliance standards.

    • Develop, implement and monitor the robust
    mechanisms of tracking the Bank’s compliance to all laws, regulations and policies a tracker and review all Bank’s policies to mitigate risk of non-compliance.

    • Conduct follow-up on the resolution of all identified compliance findings in Bank of Uganda examination reports, internal and external audit reports and oversee the implementation of corrective measures to mitigate the identified deficiencies.

    • Monitor the enforcement and implementation of corrective measures noted in Compliance and Audit reports as per the Policies and Procedures, laws, rules and Standards.

    • Develop the annual compliance work plan that reflects the organization’s unique characteristics.

    Minimum Education Qualification:

    • A professional qualification (ACCA, CFA, ACIB, CPA, etc.) and/ Masters added advantage.

    • Bachelor’s degree (Laws/Commerce/Statistics/Economics, etc.)

    Work Experience:

    • At least 7 years’ experience at Senior management level in a large reputable financial institution or related field.

    • Conversant with the regulatory framework and the Bank’s operating environment

    • Knowledge of KYC and Anti-money laundering regulatory requirements

    • Able to personally deal with complex compliance issues.

    • Demonstrates expert knowledge of Ugandan legislation affecting different Banking processes.

    • Can analyse the impact of a new legislation/regulation on operations of the Bank and can translate these regulations/legislations into policies for the organization.

    For more information and job application details see;
    I&M Bank Uganda Head Compliance Jobs in Uganda

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