Job Purpose
Ensure comprehensive compliance with data protection laws and regulations while overseeing Anti Money Laundering (AML) and Know Your Customer (KYC) functions to safeguard the Bank’s integrity and reputation. Develop and implement robust data protection policies, conduct AML investigations, provide advisory services on AML/KYC compliance, and coordinate compliance sensitization programs. Maintain efficient relationships with regulators and internal stakeholders to prevent adverse regulatory actions against the Bank.
Responsibilities
• Monitor and track compliance of the Bank with all laws, regulations, guidelines, and circulars in relation to data protection.
• Develop and implement data protection policies, within the Bank in line with data protection laws and regulations.
• Maintain updated records of processing operations of the Data Protection Unit.
• Receive and investigate Anti Money Laundering (“AML”) alerts and other information for suspicious activity relating to money laundering, terrorist-financing, and sanctions.
• Provide AML / KYC compliance advisory and decision support services to the business units in line with KYC/AML policies and guidelines.
• Respond and resolve all enquiries on AML/CFT and KYC issues as well as responses to AML/KYC Recertification Questionnaires from Correspondent Banks as and when applicable.
• Plan and coordinate compliance sensitizations/trainings for staff and service providers to develop a compliance culture amongst the Bank employees and other stakeholders.
• Handle money laundering related queries received from the Financial Intelligence Authority (FIA), Bank of Uganda and other stakeholders.
• Evaluate customer profiles, conduct risk based enhanced due diligence and recommend appropriate actions.
• Conduct compliance reviews (Regulatory and Internal Policies) across the Bank.
• Maintain an efficient working relationship with all units/Regulators to proactively prevent any adverse action against the Bank on regulatory compliance issues.
Person Specification
Education, Training, Skills & Experience Qualifications
• Bachelor’s Degree in Law or a Banking related field.
• ACAMS and/or CPA qualification is an added advantage.
• Master’s Degree in Administration, Law, Economics, Finance, Banking is also an added advantage. Experience
• At least 3 years banking experience in banking operations, Audit, Compliance and Internal Control Regulatory Compliance or related field with a tier 1 financial Institution
• Knowledge of the financial sector, banking operations, bank –wide policies and regulatory guidelines.
• Ability to carry out reviews/checks, consultation, documentation and analysis.
• Report writing skills.
• Excellent analytical skills
• Fraud Detection & Control experience
• Strong interpersonal and communication skills
• Good relationship management skills
• Good knowledge and understanding of the Banking Industry.
• Knowledge of data protection practices within the Banking industry.
• Ability to apply data protection practices and regulation into the business.
Job application procedure
You can apply by submitting your cover letter and CV to exechire@truenorthafrica.com with subject line Compliance Manager by 15th March, 2024
All application documents Must be in either PDF or MS. Word.
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More Information
- Address Kampala, Uganda, East Africa
