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Fresher AML Support Officer Jobs – DFCU Bank
Job Title: AML Support Officer
Organisation: DFCU Bank
Duty Station: Kampala,
Uganda
Uganda
Reports to: Compliance
Manager
Manager
About US:
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.
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 AML Support
Officer will build a strong AML compliance culture across functions and bank
businesses through proactive identification, Evaluation, monitoring of
suspicious activities and transactions in the Bank and ensure timely reporting
to the Compliance Manager and the Regulator as per applicable Law. The
Anti-Money Laundering support officer will also provide daily support to the
business units in AML, Counter Financing of Terrorism and other compliance
related matters. The incumbent is required to analyse information requests from
Correspondent Banks, ensure timely responses, review and report on activity
associated to correspondent and intermediary relationships.
Officer will build a strong AML compliance culture across functions and bank
businesses through proactive identification, Evaluation, monitoring of
suspicious activities and transactions in the Bank and ensure timely reporting
to the Compliance Manager and the Regulator as per applicable Law. The
Anti-Money Laundering support officer will also provide daily support to the
business units in AML, Counter Financing of Terrorism and other compliance
related matters. The incumbent is required to analyse information requests from
Correspondent Banks, ensure timely responses, review and report on activity
associated to correspondent and intermediary relationships.
Key Duties and
Responsibilities:
Responsibilities:
- 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.
Qualifications, Skills and
Experience:
Experience:
- 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
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
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: 14th July 2017
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