JOB DETAILS:
Position: Regulatory Reporting Officer
Reports to: Financial Controller
Department: Finance

Job Summary: To monitor the regulatory environment for any regulatory changes and preparing an impact analysis that provides insights for management decision making.

Key Responsibilities:
• Prepare and perform first cut detailed analysis and review of daily, weekly and monthly regulatory reports, making the necessary corrections before submission for review.

• Deliver accurate and timely regulatory, financial and statistical information to Central Bank

• Maintain an updated register of all regulatory returns submitted by Finance and liaise with compliance to ensure the same is accurately captured in the obligations register
• Lead the continuous review and strengthening of the reporting control environment by providing subject matter expertise on Bank of Uganda reporting.

• Work closely with the Financial Controller to identify and coordinate opportunities for rationalization and automation of regulatory reports.

• Support the audit process and ensure all audit queries are addressed in the timely manner.

• Prepare and share management performance reports and provide key insights on trend and variance analysis.
• Liaise with Central Bank on issues arising from financial, statistical and other reports
• Review of impairment workings provided by the credit risk team to ensure they are compliant to prudential guidelines.

• Attend to all ad-hoc queries from Finance and other stakeholders of the unit.
• To ensure the chart of accounts is properly set up.
• Perform cost trend analysis and ensure that all costs are booked in the right cost centres to ensure accurate cost reporting.
• Attend to any other business assigned to you by the Financial Controller and Head of Finance

Education.
• A Bachelor’s degree in Business or Accounting from a recognized University.
• A Master’s degree is an added advantage.

Experience.
• Minimum of 4 years’ experience in a similar role in a supervised financial institution by Bank of Uganda with at least 2 years’ experience in Regulatory and Taxation reporting.
• Professional Qualifications e.g. ACCA, CPA OR CIMA are required.

Skills and competencies.
• Comprehensive understanding of the Banking practice and understanding of domestic tax laws.
• Understanding of the local regulatory requirements
• Understanding of prudential guidelines and other Bank of Uganda requirements
• Strong analytical skills and an eye for detail.
• Proficiency in computer applications
• Team Work

Interested candidates should send their application letters and curriculum vitae to the Head of Human Resources at recruitment@cbu.co.ug