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Job Purpose: Responsible for supporting the Money Laundering Control Officer in planning, developing, implementing and monitoring the Bank’s financial crime risk management framework in line with regulatory requirements, prudential standards and guidelines, internal policies and procedures.

Reports to: Chief Compliance Officer

Key Responsibilities:
• Support in developing and implementing systems, mechanisms and procedures to ensure that the staff of the Bank comply with both the regulatory and policy AML/CFT/CPF requirements;
• Prepare weekly Financial Crime reports for review by the MLCO
• Embed the policy and standards on AML, CFT and Sanctions standards across the bank through awareness campaigns
• Transaction monitoring process through daily transaction reviews, customer profile inquiries, customer account behavior analysis customer KYC status and AML/CFT red flags reviews
• Review and closure of alerts flagged by the Financial Crime Management system within the agreed timelines.
• Continuous review and making proposals for improvement of the Financial Crime Management systems rules
• Ensuring that all staff of the Bank obtain role-specific AML/CFT/CPF training at least once annually
• Preparing the monthly compliance awareness circulars
• Preparing suspicious transactions/activities reports for the MLCO’s review
• Conduct awareness of the bank’s suspicious transaction reporting process
• Conducting reviews of suspicious transactions reported and escalating these to the Chief Compliance Officer
• Maintaining a tracker of suspicious transaction reports received and providing appropriate rationale for the decision to report or not to report these to the Financial Intelligence Authority or regulators
• Support in conducting Enhanced Due Diligence
• Conducting comprehensive periodic reviews for the integrity bank’s customers’ information.
• PEP Customer Management including continuous enhanced monitoring and reviews to mitigate PEP risks
• Conduct comprehensive PEP customer reviews annually to ensure associated risks are mitigated and tracked.
• Risk-based reviewing of funds transfers to confirm that they meet the minimum regulatory and policy requirements
• Maintain evidence of customer sanctions screening for third-party verification
• Conduct awareness of payment screening processes to the Payments and the Trade Finance units
• Carry out due diligence on trade documentation and shipping vessels in keeping with applicable sanctions restrictions
• Ensure that regulatory reports for Large Cash monetary transactions, Aggregated Cash and monetary transactions and International Wire Transfer reports are accurate and submitted on time with appropriate control
• Escalate any system challenges affecting reporting to the MLCO for onward engagements with the regulators.
• Entity due diligence validation
• Perform risk and control self-assessments on the bank’s financial crime framework
• Escalate any breaches, incidents, near misses
• Maintain a log on waivers, and dispensations for Financial Crime and follow up to ensure these are addressed within the timelines.
• Perform a sample review of accounts opened monthly
• Conduct reviews for accounts updated
• Ensure all regulatory inquiries on customers are responded to within 48 hours or sooner depending on the expected submission date
• Maintain records of all correspondences with the regulator to provide an audit trail for customer investigations
• Ensure prudent customer confidentiality is maintained and appropriate records management processes are kept to avoid leaks
• Provide sound Compliance advisory services to the bank delivered fast and accurate to support the bank’s Compliance strategy
• Manage and continuously improve the Bank’s sanctions risk management framework
• Continuously review and improve the customer risk profiling exercise
• Maintain and continuously update the Bank’s sanction screening framework
• Monitor the Bank’s sanction screening framework to ensure that it is comprehensive and properly implemented.
• Supervise and develop the capacity of the Compliance Officer.
• Any other duties assigned by the supervisor in line with the role

Education.
• A Bachelor’s degree in Statistics, Economics, Accounting, Business Administration, Law or Banking.
• Professional qualification in Compliance is desirable.
• A Master’s degree is an added advantage.

Experience.
• Minimum of 2 years’ work experience preferably in the financial services industry.

Skills and competencies.
• Excellent knowledge of financial institutions.
• Understanding KYC requirements
• Excellent interpersonal skills and communication skills.
• Analytical mind, good attention to detail, problem-solving, good time management skills and the ability to multi-task work under pressure
• Proficiency in computer applications especially Microsoft Excel

Job application procedure
Interested candidates should send their application letters together with their curriculum vitae to the Head, of Human Resources at recruitment@cbu.co.ug no later than Monday, 5 pm, 18th December, 2023.

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