About Dfcu:
Dfcu bank is a fast growing commercial bank offering a variety of innovative products and services. DFCU Limited was started by the Commonwealth Development Corporation (CDC) of the United Kingdom and the Government of Uganda through the Uganda Development Corporation (UDC) under the name of Development Finance Company of Uganda Limited. Later restructuring brought in DEG (of Germany) and International Finance Corporation (IFC) as equal partners with CDC and UDC, each having a 25% stake in the company. Its objective was to support long-term development projects whose financing needs and risk did not appeal to the then existing financial commercial lending institutions.
Job Summary: The Compliance Risk Officer will build a strong compliance culture across functions/bank businesses through proactive identification, measurement, monitoring and control of compliance risk. The incumbent will also provide support to employees on compliance, risk awareness and management which is central to achieving the compliance objectives.
Key Duties and Responsibilities:
· Work closely with the Head of Risk and Compliance, develop and maintain excellent relationships with regulatory bodies through execution of a structured regulatory plan.
· Work closely with the Head of Risk & Compliance to prepare the bank for regulatory inspections, reviews and co-coordinating responses subsequent thereto.
· Coordinate/provide necessary advice to the business/functions in the resolution of regulatory inspection and audit issues.
· Ensure compliance with the applicable statutory regulatory, supervisory requirements to protect the reputation of the bank, avoid legal action in respect to compliance matters e.g. obligations under the CMA, FI Act, CMA act, USE Continuing Obligation as well as avoid penalties to the Bank.
· Implement actions to ensure overall Bank compliance with central bank requirements, other applicable laws, regulations and standards of good practice to avoid legal or regulatory sanctions or loss of reputation that the Bank may suffer due to non-compliance.
· The incumbent will coordinate, support and monitor business/functions through day to day compliance with applicable money laundering laws, sanctions, anti-corruption and other related risks.
· Actively monitor transactions to detect any unusual or suspicious transactions, ensure that incidents of suspicious transactions/suspected money laundering transactions from across the bank network are being reported as per regulatory and legal requirements.
· Work closely with the Manager – Products and Pricing to ensure that bank products, comply with laws, regulations and Bank policies, through a detailed understanding of local regulatory requirements.
· Regularly verify KYC for new relationships/ borrowings is done on all customers and due processes are followed to prevent money laundering in the Bank.
Qualifications, Skills and Experience:
· The applicant should hold a Business Degree or Law Degree
· A minimum of three years of banking experience
· Broad understanding and knowledge of banking products, policies and processes.
· Working knowledge of Corporate Law, Corporate Governance and Laws /Regulations governing financial Institutions.
· Ability to effectively interpret Regulatory statutes /Rules and guidelines.
· Computer literacy skills with Microsoft office products and working knowledge of core banking applications
· Excellent analytical skills and capabilities
· Keen attention to detail, good communication and negotiation skills
· Self-motivation and result-oriented.
· Excellent interpersonal skills.
· Sound understanding of legal issues and exposure to auditing principles.
How to Apply:
All candidates who so wish to join the banking sector in the aforementioned capacity are encouraged to send their applications with detailed CVs including present position and copies of relevant professional/academic certificates to: Vacanciesbank@dfcugroup.com
Deadline: Wednesday, 21st October 2015