Compliance Manager Employment Opportunity – DFCU Bank

Job Title:      Compliance
Manager

Organization: DFCU
Bank

Duty Station: Kampala,
Uganda

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.

Job Summary:  The Compliance Manager will build and enforce a strong compliance
culture across functions and bank businesses through proactive identification,
measurement, monitoring and control of compliance risk, training and support of
bank staff on compliance risk, defining the Bank’s compliance risk appetite,
advising on compliance, money laundering and terrorism financing matters.

Key Duties and Responsibilities: 

  • To effectively lead the management of compliance risk, design and
    integrate a strong compliance risk management programme into the daily
    management of business and planning to give the Bank a competitive
    advantage, protect our reputation, lower the cost of capital, reduce costs
    and help us to minimize the risk of investigation, prosecution and
    penalties because we do the right things the right way.
  • To establish and implement effective compliance risk management and
    control systems, including developing internal controls, policies and
    procedures designed to ensure that all compliance needs are met and
    minimize regulatory fines and operational losses.
  • Develop written standards, policies, processes, and identify,
    assess, evaluate and mitigate the Compliance risks associated with the
    current and proposed business activities, including new products, new
    services and channels, new business relationships and any extension of
    bank operations or network to influence a culture of compliance throughout
    the organization to proactively manage and mitigate the risk of
    non-compliance.
  • Advise and update the Bank staff and Senior management on compliance
    matters. (e.g. on the applicable laws, regulations, rules and standards)
    and proactively inform them about any developments, trends and best
    practices in these areas, assess the potential impact of these changes on
    the Bank’s organizational processes and design plans to effectively
    implement, embed the new changes and developments in the Bank.
  • Design compliance training plans for the entire Bank and further
    deliver training to the senior management and business heads on regulatory
    matters, compliance policies and procedures, current industry practices,
    and risk and control standards to promote a strong compliance awareness
    among the senior management staff.
  • Develop and maintain department policies and procedures in line with
    the regulatory framework to support governance monitoring processes and
    assist in the review, and enhancement of operational and/or compliance
    risk management policies and procedure standards.
  • Report to executive management and the Board of Directors on a
    regular basis about compliance issues, identified compliance risks and the
    measures (to be) taken and escalate to executive management and if
    necessary to the Board when management does not take account of the advice
    of compliance considering the risks involved.
  • As the Money Laundering Control Officer (MLCO) of the Bank, the role
    is responsible for designing, coordinating and implementing the AML / CFT
    and Anti bribery program and inform Board and management of AML/TF
    compliance failures and corrective efforts.
  • Provide oversight and direction to the employees within the
    compliance department in accordance with the Bank’s policies and
    procedures and coach and mentor and develop new staff including providing
    career development planning and opportunities.
  • Conduct periodic compliance specific reviews and assurance to ensure
    adherence to compliance standards and analyze and provide feedback to
    business units on action/remediation plans to address control gaps to
    ascertain that compliance risks are being properly managed and mitigated.
  • Coordinate compliance risk assessment process ensuring that the
    compliance risks are appropriately identified and assessed.
  • Conduct AML / CFT risk assessments of products, channels and
    services
  • Review and validate compliance risk in the proposed Bank products
    and ensuring that where relevant and appropriate, the new product approval
    process triggers the requirement for obtaining regulatory approvals.

Qualifications, Skills and Experience:

  • The applicant for the DFCU Bank Compliance Manager job placement
    must hold a Bachelor’s in Business or Bachelors of Law
  • Post-graduate education in risk management for Banking.
  • At least eight years of banking experience with five years in
    compliance risk management supervisory experience.
  • Strong managerial and leadership skills.
  • Ability to effectively interpret regulatory statutes /rules and
    guidelines.
  • sound understanding of compliance laws, rules and standards
    obligations, legislation and their practical impact on dfcu Bank’s operations.
  • Effective research, good communication and negotiation skills.
  • Self-motivation, result – oriented.
  • In depth knowledge of banking products, policies and processes.
  • Demonstrated Knowledge of Corporate Law, Corporate Governance and
    Laws /Regulations governing financial Institutions (Local and
    International).
  • Sound understanding of legal issues and good exposure to auditing
    principles.
  • Persuasion, decision making & Investigative (added advantage)
    skills.
  • Excellent oral, written and interpersonal skills.
  • Good understanding of risks related to businesses and the financial
    industry.
  • Sound understanding of compliance and operational risks and internal
    control frameworks; experience working on initiatives that require
    strategic planning/thinking.
  • Excellent problem-solving abilities and results oriented; able to
    make decisions independently.
  • Experience working/managing projects across multiple functional
    areas and dealing with multiple business partners.
  • Excellent organizational skills and meticulous attention to detail;
    s analytical/research skills coupled with ability to effectively summarize
    findings.
  • Proficient PC skills with experience in Microsoft Office and
    Outlook, PowerPoint and working Knowledge of core banking applications.

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 (University
Transcript, O & A level) to: Vacanciesbank@dfcugroup.com

Deadline: 17th June 2019

NB: dfcu
Bank does not solicit/accept payment in cash/kind from prospective candidates
in exchange for shortlisting or job placement. Any candidate who engages in
this kind of transaction is aiding and abetting fraud and will be automatically
disqualified.

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