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Anti-Money Laundering Officer Job Opportunities – Tropical Bank Limited
Job Title: Anti-Money Laundering Officer
Organisation: Tropical Bank Limited
Duty Station: Kampala, Uganda
About US:
Tropical Bank Limited was established in 1973 under the name Libyan Arab Uganda Bank for Foreign Trade and Development. Tropical Bank Limited is jointly owned by the Governments of the Republic of Uganda 0.03% and the Libyan Foreign Bank (LFB) 99.97% of Paid-up Capital. The Bank provides professional and personalized commercial banking services to various sectors of the economy including financial support to Parastatals, Corporates, Small and Medium Enterprises, Individuals, and Non-Governmental Organisations.
Job Summary: The Anti-Money Laundering Officer will spearhead in execution of the Compliance Program of the bank with focus on AML/ CFT frame work, coordinate correspondences from regulators and other stakeholders.
Key Duties and Responsibilities:
- Identify and assess AML/ CFT risk associated with the Bank’s business activities, including new projects, digital channels, Products and business relationships.
- Keeping an inventory of all relevant Policies and Procedures to staff in respect to AML/ CFT and ensuring that they are up to-date with the changes in both local and International Regulations.
- Reviewing and updating the Risk Categorization matrix for all sanctioned individuals, sectors and high risk jurisdictions to match with the bank’s risk tolerance levels.
- Ensure timely submission of AML Returns to FIA, BOU and other stakeholders.
- Ensure a 360 monitoring and reporting approach to AML/CFT in the Bank.
- Conducting analytical reviews of AML/ CFT reports and Perform trend analysis of suspicious transactions.
- Prepare monthly reports on new transaction behaviors including High, Medium and Low risk customers and their transaction destinations.
- Follow up on the implementation of action plans to resolve all AML/ CFT issues identified in the bank and ensure closure.
- Conducting periodic tests and gaps analysis on KYC/CDD requirements for Customers and Vendors against the bank Policies and Procedures and any relevant laws.
- Educate and train all staff with respect to compliance with the applicable AML/ CFT laws.
- Assess the appropriateness of internal policies, procedures in respect to AML/ CFT risk
- Undertake any other assignments as may be directed from time to time
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Qualifications, Skills and Experience:
- The applicant must hold a Bachelors’ degree in Legal, Finance, Accounting, Business or related field.
- Diploma in Law or a Master’s degree in a related field is an added advantage.
- Professional qualification in Financial Crime Risk and Regulation, CAMS, ICA, CFCS or any other related Professional Body.
- Three years of experience in a similar or related role in the areas of AML and regulatory compliance preferably in a busy commercial banking environment.
- Good analytical skills
- Attention to detail
- Good interpersonal skills, ability to listen, communicate and train.
- Self-monitoring and ability to travel
- Team player
- High performer with proven track record
- Not undergoing any disciplinary action
- High level of integrity
How to Apply:
If you believe you meet the requirements for any position above, please submit your application letter together with your CV to our email only addressed to;
Head Human Resource,
Tropical Bank Ltd,
Plot 27 Kampala Road
P.O. Box 9485 Kampala. Uganda
Email to: humanresource@trobank.com
Deadline: 21st October, 2022.
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