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Job Title:  Head Compliance

Organisation: Ecobank Uganda Limited

Duty Station:  Kampala, Uganda

About US:

Ecobank Uganda Limited is the leading commercial bank offering wholesale, retail, transaction banking services and products to individuals, governments, financial institutions, multinationals, international organizations, medium and small enterprises.

Key Duties and Responsibilities:

• Provide advice on laws, regulations to the bank and ensure its compliance with the related requirements
• Prevent unethical, illegal or improper conduct in the Bank.
• Ensure that staff, management and board of directors comply with the rules and regulations
• Be part of the Bank Management Committee
• Adhere to the Compliance Charter.
• Implement the Group Compliance Manual and adapt it to local risks and legal and regulatory requirements.
• Ensure that Compliance Manual is available to all Staff and its requirements implemented in operational procedures
• Implement the Group Compliance Monitoring Plan (CMP) and adapt it to local risks and legal and regulatory requirements.
• Perform reviews planned by the CMP and perform planned reviews. Report finding to Management and Group Compliance.
• Liaise with Group Internal Audit, Internal Audit and Internal Control en ensure that their recommendations are implemented.
• Monitor evolution of the legal and regulatory framework and make impact analysis for the business. Ensure that, further to news changes, policies and operational procedures are updated accordingly.
• Communicate changes which may help to improve or comply with laws and regulations, best practices recommendations and internal policies pertinent to team members and impacted persons.
• Ensure and review implementation of requirements related to new law or regulations.
• Advice business on specific compliance matters.
• Monitor and advise on all marketing documents and communication.
• Report potential issues, new business and publications on a monthly basis to Management and Group Compliance.
• Ensure liaison with local regulators, Group Internal Audit (GIA), Group Risk, Group Internal Control, Group Legal, External Auditors and Lawyers.
• Prepare Compliance reports to Senior Management and the Board.
• Responsible for the monthly compliance reporting to Group Compliance
• Ensure that Compliance reporting to regulators, counterparties or partners are sent at due time with the required information and quality.
• Become a stakeholder in key projects and development initiated by the bank.
• Ensure that compliance issues identified are tackled with the adequate measures.
• Liaise with Group Compliance in order to advice the bank on compliance best practices
• Ensure that SIRON (AML, Embargo, PEP) controls are performed and issues tackled with adequate measures.
• Ensure Compliance with Data Protection rules
• Act as the Money Laundering Reporting Officer (MLRO) for the bank
• Responsible for all AML/CFT cases and ensure that they are properly handled.
• Organise in-house AML/CFT trainings to staff
• Follow up of the implementation of GIA and Internal Control, External auditors and Regulators recommendations.
• Responsible for the identification of Correspondent banks
• Ensure that KYC documents provided by clients are complete and regularly updated where required
• Participate actively in industry working groups and represent Ecobank view and interests
• Review AML/CFT related wording in agreements
• Plans, organizes, and controls the Bank’s day-to-day administrative, lending and operational compliance activities
• Interact with people from other departments and communicate with them the issues related to compliance.
• Update the standards of conduct and develop periodical reviews to ensure continuing currency.
• Initiates, investigate procedures in case, there is a violation of procedures, policies, rules or regulations.
• Guides the members of the compliance committee on how to avoid risks in future.
• Monitor activities of all affiliates of Ecobank in order to identify different trends.
• Provides reviews and carries out evaluation of compliance activities in the company to ensure that all the activities are running smoothly.
• Conducts staff training related to new hires, compliance, customer service, main frame and software computer programs.
• Advises the compliance officers of emerging compliance issues and consults and guides them in the establishment of controls to mitigate risks.
• Monitors the compliance efforts of the Bank and presents reports based on study.
• Guides and provides suggestions on compliance-related matters to the senior management team and Board
• Recommend changes in bank policy to meet compliance regulations
• Provide bank management with regular reports on the institution’s compliance

Qualifications, Skills and Experience:

• The applicant must hold a Master’s or bachelor degree in finance, accounting, business management, legal or another related field.
• Ideally holds professional qualification e.g. CIA, ACA, ACAMS (USA).
• Three to five years of experience in financial services or banking.
• background in legal, accounting or audit
• In-depth knowledge of local/regional financial regulatory requirements.
• Ability to manage changes
• Ability to understand, interpret and adapt legal and regulatory requirements to the business
• Must be able to respond to inquiries from regulatory agencies, courts, and external consultants
• Ability to communicate to senior management.
• Ability to understand the Ecobank strategy.
• Ability to communicate with local regulators.
• Sense of detail and capacity to identity business related risks and internal control weaknesses.
• Willingness to learn, understand and monitor the legal and regulatory requirements.
• Willingness to undertake both formal and informal training as and when necessary to increase his knowledge and develop his abilities.
• Willingness to educate and train staff
• Focusing on client
• Demonstrate integrity and accountability
• Delivering results

Personal Attributes      

• Excellent interpersonal communication skills are a must as it is necessary to relay alternative solutions regarding compliance issues to the Management and other staff members.
• Excellent written and verbal communication skills and organizational skills.
• Capacity to add efficiencies to the organisation.
• Ability to communicate effectively on technical and other related issues.
• Result oriented and self – starting attitude.
• Ability to use basic computer software.
• Strong communication skills to motivate and develop other teams, conduct full time formal training, influence at senior levels, provide professional counseling, manage sensitive internal and external information and relationships.
• Ability to work under pressure in a competitive environment
• Ability to adapt quickly to changing environment

How to Apply:

All suitably qualified and interested candidates are encouraged to apply online at the link below.

Click Here

Deadline: 2nd May 2024

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