JOB DETAILS:
Job purpose:
The Head of Compliance is responsible for planning, developing, implementing and monitoring compliance risk management strategies for the bank in line with national laws, Bank of Uganda regulations/ guidelines and the bank’s policies and procedures.

Key Result Areas:
• Develop, implement and monitor the bank’s compliance framework and ensure that all bank operating procedures meet the compliance requirements as defined by the regulator and bank policies/procedures.

• Prepare and present bank-wide compliance report to EXCO indicating business enhancements/ recommendations.
• Monitor transactions for adherence to Anti-Money Laundering laws and report all non-compliant or suspicious transactions to EXCO and FIA.
• Champion the compliance program to guide overall institutional compliance.
• Conduct periodical compliance assessment audits.
• Undertake regular account reviews on accounts of PEP (Politically Exposed Persons) and transaction checks on a monthly basis in line with AML Regulations 2015 and Anti - Money Laundering Act 2013. In this regard the Head of Compliance shall be the Anti-Money Laundering Control Officer(AMLCO) of the Bank.
· As the AMLCO be the contact point for internal and external authorities, including supervisory authorities or the Financial Intelligence Authority, concerning Anti-Money Laundering issues.
• Liaise with regulatory bodies and other financial institutions regarding the relationship we hold with them.
• Coordinate and communicate updates of the bank’s policies and procedures to reflect changes in the regulatory requirements and bank standards.
• Review of the draft updated policies to ensure they reflect changes in the regulatory framework and bank’s business plan.
• Train staff on matters relating to compliance covering general bank standards and regulatory requirements.
• Manage the performance of the Compliance team ensuring that each team member has plans and targets in place and is delivering; take appropriate corrective action as required

Requirements
Qualifications & Experience
• Master’s Degree in a related field is an added advantage
• Bachelor’s degree in business, law or related field
• 5 years’ experience working in the banking sector with over 5 years at middle management and at least 2 years’ experience at supervisory level
• Relevant experience in a compliance related field is an added advantage