Financial Crime Officer Job Opportunities – DFCU Bank

Job Title:   Financial Crime Officer  

Organisation: DFCU Bank

Duty Station: Kampala, Uganda

Reports to: Head of Financial Crime Management


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: Reporting to the Head of Financial Crime Management the Financial Crime Officer will be responsible for supporting the detection and prevention of losses resulting from high risk and fraudulent monetary and non-monetary transactions.


Key Duties and Responsibilities: 

  • Investigate any illegal acts characterized by deceit, concealment, or violation of trust. Generate/gather facts/evidence to help prevent and deter fraud for both Internal disciplinary action and courts proceedings. Conduct thorough investigations of reported fraud or suspicious activity and be able to create reports/summaries to be distributed to affected members of the organization.
  • Take proactive measures to prevent losses through any of the following: performing investigations, placing deposit holds, restricting accounts, analyzing suspicious account activity and properly reporting and categorizing activity that has created loss exposure.
  • Provide an independent and objective approach of fraud prevention and analysis within the Bank.
  • Recommend to the Financial Crime Risk Manager on the financial consequence to the Bank of the results arising out of the investigated reports. With good latitude, take some decisions with minimal supervision as dictated by the prevailing circumstances.
  • Support the police investigations authuorities on following up of suspects.
  • Participate in root cause analysis on internal and external fraud investigations.
  • Track and monitor fraud trends and escalate to management.
  • Review accounts flagged for potential fraud or other violations such as potentially false information, identity theft, potential collusion with company employees in originating fraudulent loans, etc.
  • Share Fraud alerts in a timely manner.
  • Develop and maintain partnerships with internal business owners to continually improve and strengthen fraud investigations and mitigate potential fraud risk.
  • Provides ideas on the development of appropriate controls for the mitigation of financial crime risks.
  • Supports the programme of raising staff awareness of financial crime issues, through training particularly “Whistle Blower” and the obligation to report suspicious transactions.
  • Participates in the preparation of regular and accurate financial crime reports that are escalated to the relevant bank departments. i.e determine how much loss has occured due to fraud, recommend for appropriate actions and also follow up the cases to their completion.
  • Track different risks events associated with Fraud and keep data to be used for sharing lessons learnt to reduce bank losses.
  • Support in financial crime loss recoveries.

Qualifications, Skills and Experience:

  • The ideal candidate for the DFCU Bank Financial Crime Officer job placement must hold a Bachelor’s Degree in Business related discipline.
  • Certification in Fraud Examination.
  • Three years of experience in financial crime investigation/prosecution or Internal Audit.
  • Knowledge of banking, products, risks, and processes such that advice is as informed, appropriate, and relevant to business needs.
  • Sufficient knowledge of the local laws, regulatory expectations, and internal policy requirements as they relate to financial crime risk.
  • Good interviewing skills to enlist required information.
  • Proficiency in Microsoft Word and Excel spreadsheets.
  • Ability to collect, analyze, and evaluate information and the preparation of written concise reports of work performed plus recommendations.
  • Ability to communicate clearly and effectively, both orally and in writing.
  • Ability to foster cooperation and support of stakeholders.
  • Possession of flexibility and ability to adapt appropriately to changing requirements and situations.
  • Analytical and possession of an objective and probing
  • Supervision must be minimal, so the person has to be tolerant and be able to stand the pressure from courts in regard to cases taken before courts of law.
  • Ability to recommend refunds accurately.
  • Ability to make the right call even if it displeases anyone or group of staff.
  • High level of maturity, confidentiality, and objectivity.
  • Excellent communications and engagement skills.
  • Strong attention to detail and personal effectiveness.
  • High-level of integrity and standards.
  • Self-drive and initiative.
  • Unafraid to take responsibility.
  • Ability to work effectively with local contemporaries and peers in other clusters and regions to maintain a collaborative culture.


How to Apply:

If you believe you meet the requirements as noted above, please forward your application with a detailed CV including present position and copies of relevant professional/academic certificates (University Transcript, O and A level) to the email address indicated below:


Deadline: 10th November 2021


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