Compliance Officer

at I&M Bank Uganda
Location Kampala, Uganda
Date Posted October 29, 2024
Category Banking
Finance
Management
Job Type Full-time
Currency UGX

Description

JOB DETAILS:
JOB PURPOSE
The role holder is responsible for overseeing the Bank’s compliance with laws and regulations and provides pro-active, accurate and timely advice to enable all units operate in accordance with regulatory requirements, global best practice and any other applicable Group minimum standards.

KEY RESPONSIBILITIES:
• Support the Head of Compliance in preparation of the Compliance reports to the different governance committees.
• Track all the bank licenses and ensure they are up to date.

• Oversee regulatory Compliance for all Business units across the Bank.

• Engage with stakeholders as necessary to maintain an understanding of the business processes of each business covered and develop & maintain one single regulatory and control inventory (compliance tracker).

• React to horizon scanning information to ensure appropriate incorporation into CRM program

• Monitor and provide assurance on the adherence to compliance practices in the first line of defense to ensure compliance risks are managed and reported across the Bank.
• Consult on and advise the business units regarding relevant local and international legislation to ensure abidance thereby minimizing risk to and protecting the reputation of the Bank
• Ensure audit finding remediations and control enhancements meet regulatory requirements before execution.

• Ensure new and existing products adhere to the local and international regulations.
• Regularly oversee / manage relevant training on regulatory Compliance topics across the Bank including collaborating with the Information Security function(s) to raise staff awareness of data privacy and security issues and providing training on the subject matter
• Draft newsletters to be sent out to the staff to create awareness on either policies or regulations.

Minimum Education Qualification:
• University degree preferably in Law, Business Administration, or a related field (post-graduate education with a focus on compliance and risk management is preferred).
• A minimum of 3 years’ cognate experience in Banking operations in controls mainly regulatory compliance.

Required Competencies (Knowledge, Skills & Abilities):
• Good experience in leveraging analytics and technology solutions to manage Compliance risks.
• Critical thinking skills to understand and analyse complex problems.
• Effective communicator with strong writing and verbal abilities to communicate across all levels.
• Ability to develop strong relationships and collaborate with senior business and function leaders to influence change
• Proven focus on deliverables, organized, and ability to manage multiple high priority deliverables
• Self-starter, highly organized, and detailed-oriented
• Strategic and critical thinking and the ability to concisely convey complex regulatory concepts and possible solution sets.
• Excellent facilitation and presentation skills
• Exercise high level of discretion and confidentiality due to the sensitive nature of the scope of work
• Extremely detail oriented with ability to elevate details into strategies.

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