The Ugandan Jobline

• AML Support:
• The incumbent will
  investigate and access alerts for potential Money laundering risks in the
  Bank.
• Formulate tools to help in
  the identification of Money laundering and terrorism financing risks.
• Ensure all AML / regulatory
  reports are submitted timely for review and to the regulator.
• Ensure prompt identification
  and monitoring of suspicious activities and transactions bank wide / in
  assigned units.
• The jobholder will also
  maintain current understanding of money laundering and terrorism
  financing trends including Laws, policies, procedures, regulations,
  industry best practices, criminal typologies among others.
• Aid in identifying procedure
  weaknesses and conducting training needs assessments in relation to Money
  Laundering & Terrorism Financing.
• As an AML subject matter
  expert, provide direction and guidance to the Bank employees on
  appropriate remediation strategies for High Risk accounts.
• Coordinate the timely review
  of correspondent, intermediary and subsidiary relations and answering
  queries.
• The jobholder will also
  maintain an updated inventory of suspicious transaction documents and
  related correspondences.
• Review activity on new
  accounts (less than 6 months) and New created Loans for AML issues.
• Regulatory Relationship Management:
• Support the Compliance team
  in preparing relevant documents for filing of suspicious transactions
  reports to the financial intelligence Authority and co-coordinating
  responses / follow-ups subsequent thereto.
• Coordination with the
  Business and Functions in the responding to regulatory requests.
• Support the businesses and
  functions in managing Anti Money Laundering, sanctions, anti-corruption
  and other related compliance risks.
• Management of statutory communications:
  Support the bank in managing and coordinate the responses to
  statutory communications i.e. Agency notices so that the bank is not
  exposed to penalties, sanctions and fines as a result of non-compliance.
• Products and Service: Provide
  support in reviewing AML / Counter Financing of Terrorism risks associated
  to new products being rolled out / enlisted.
• Management Reporting:  Support the unit in ensuring
  timely, accurate management and regulatory reporting in line
  with the agreed frequencies i.e. weekly, monthly, quarterly,
  bi-annually and annually.

• The applicant for the DFCU Bank AML
  Support Officer job opportunity must hold a University degree
• At
  least two years’ experience in financial services data analysis, AML
  compliance specific experience preferred
• Strong
  analytical skills required to organize and analyze multiple, complex data
  sets as well as strong interpersonal and organizational skills
• Computer
  literacy skills with essentials in Ms packages including spreadsheets
• Strong
  database skills including working with advanced data sets, pivot tables,
  advanced data bases and statistical functions / methods
• Strong
  technical skills
• Broad
  knowledge and understanding of market place AML Issues and elements
  of suspicious activity, transaction monitoring systems, data mining /
  analytical tools and AML Automated tools.
• Proven
  ability to quickly grasp and understand business unit specific AML risks /
  trends, develop comprehensive user requirements and provide
  recommendations for appropriate automated solutions to mitigate those
  risks.
• Extensive
  knowledge of banking products, policies and processes
• Working
  knowledge of AML Laws, Sanctions and CFT laws

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