Job Purpose: The Head of Compliance is responsible for planning, developing, implementing and monitoring compliance risk management strategies for the bank in line with national laws, Bank of Uganda regulations/ guidelines and the bank’s policies and procedures.
Key result areas:
• Develop, implement and monitor the banks compliance framework and ensure that all bank operating procedures meet the compliance requirements as defined by the regulator and bank policies/procedures.
• Prepare and present bank-wide compliance report to EXCO indicating business enhancements/ recommendations.
• Monitor transactions for adherence to anti-money laundering laws and report all non-compliant or suspicious transactions to EXCO and FIA.
• Champion the compliance program to guide overall institutional compliance.
• Conduct periodical compliance assessment audits.
• Undertake regular account reviews on accounts of PEP (Politically Exposed Persons) and transaction checks on a monthly basis in line with AML Regulations 2015 and Anti Money Laundering Act 2013. In this regard the Compliance Manager shall be the Money Laundering Control Officer of the Bank.
• Liaise with regulatory bodies and other financial institutions regarding the relationship we hold with them.
• Coordinate and communicate updates of the bank’s policies and procedures to reflect changes in the regulatory requirements and bank standards.
• Review of the draft updated policies to ensure they reflect changes in the regulatory framework and bank’s business plan.
• Train staff on matters relating to compliance covering general bank standards and regulatory requirements
• Manage the performance of the Compliance team ensuring that each team member has plans and targets in place and is delivering; take appropriate corrective action as required
Qualification and Skills
• Masters Degree in a related field is an added advantage.
• Bachelor’s degree in business or law.
• 5 years’ experience working in the banking sector with at least 2 years’ experience at supervisory or managerial level.
• Relevant experience in a compliance related field is an added advantage.
• Leadership, strong negotiating and excellent communication skills.
Opportunity Bank is an equal opportunities employer. All qualified candidates are encouraged to apply, regardless of disability, gender, marital status, religion and ethnicity.
Interested candidates should send their signed application letters together with their curriculum vitae not later than 4th November 2022 to recruitment@opportunitybank.co.ug