About UGAFODE:
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 Manager will be responsible for establishing and maintaining a framework to ensure compliance with applicable financial institution regulatory requirements and internal compliance policies and procedures so as to protect the reputation of the institution and avoid financial loss.
Key Duties and Responsibilities:
The incumbent will identify and assess the compliance risk associated with the institution’s current and proposed future business activities, including new products, systems, new business relationships and any extension of operations or network on an international level;
Identify and keep an inventory available to all staff of essential laws and regulation; internal policies, manuals, guidelines and procedures pertinent to the organization;
Manage the identification and reporting of any significant regulatory compliance breaches or gaps.
Assess the appropriateness of internal policies, procedures and guidelines, ensure a follow-up of any identified deficiencies, make recommendations for amendments, where necessary, and supervise the implementation of corrective measure to mitigate the identified deficiencies;
Keenly monitor compliance with internal policies, procedures and guidelines across all business units by performing regular and comprehensive compliance risk assessment and testing; report the results on a regular basis and promptly where deemed necessary to executive management and, if necessary, the Board of Directors;
Train/educate all staff with respect to compliance with the applicable laws, rules and standards and act as advisor on compliance queries from staff members;
Oversee the development of an effective internal compliance culture by promoting the benefits of ethical business conduct and the benefits of compliance.
Work closely with the relevant external bodies and regulators on compliance matters; exercise any specific legal responsibilities such as reporting suspicious transactions related to money laundering and the fight against terrorism financing;
Establish and / or supervise appropriate compliance checks and controls.
Develop and maintain an effective support mechanism to enable closure of all compliance related exceptions raised within the institution
Formulate an annual work plan.
Implement risk / compliance monitoring tools / maps including activities, triggers, probability and actions.
Oversee the implementation of effective internal controls and ensure that these are adhered to at all times.
Qualifications, Skills and Experience:
The applicants for the UGAFODE Microfinance Limited (MDI) Compliance Manager job placement should hold a Bachelor’s degree in Law / Business Administration or a business related field.
At least three to five years’ experience in banking or related financial institution with experience particularly in compliance
Broad knowledge and understanding of laws and regulations governing financial institutions
A good understanding of policies, processes, procedures and controls of financial institutions
Energetic and ability to be active throughout and willingness to learn
High level of honesty, integrity and confidentiality
Possess excellent communication skills and high level of customer care
How to Apply:
All suitably qualified and interested candidates should send their applications via E-mail only including a cover letter and an up-to-date detailed CV. Your applications should include names of three professional referees and a day-time telephone contact. Address them to:
Head of Human Resources,
UGAFODE Microfinance Limited (MDI),
Silva Arcade, Plot 62 Bombo Road,
P.O. Box 30815, Kampala. Uganda
Email to: recruitment@ugafode.co.ug (Please indicate the position you are applying for)
Deadline: 8th May 2017