Compliance Manager/AMLCO Salaam Bank

The Compliance Manager will implement and maintain the Compliance Policy and Program, highlight incidents of non-compliance to the Board and senior management and advise the business regarding regulatory and internal policy requirements including Anti Money Laundering /Combating the Financing of Terrorism (AML/CFT) and Know Your Customer (KYC) requirements.

Key Duties and Responsibilities:
• Develop and implement systems, mechanisms and procedures to ensure that Bank staff immediately report cases of non-compliance particularly relating to suspicious money laundering, proliferation financing or terrorism financing.
• Clearly define and spell out the compliance obligations for each unit/ department of the Bank with clear allocation of compliance responsibility.
Strengthen compliance and AML/CFT/PF risk Identification and assessment.
Conduct an annual risk assessment relating to financial crime and Data Protection and incorporate conclusions into current policies and requirements.
• Develop and ensure maintenance of a robust system that tracks compliance to establish legal, regulatory and policy parameters and prompt escalation of any exceptions or weaknesses.
• Support management remediation plans for all incidence of noncompliance with policy/procedure and follow up implementation on a timely basis and escalating to the Board as necessary.
• Make practical and acceptable recommendations where systems and procedures are in need of enhancement to counter the risk of financial crime.
• Coordinate and maintain regulator relationships to ensure ease of communication, information sourcing, and achievement of response timelines.
• Maintain the correspondent and counterparty Bank Register with regard to AML/CFT & KYC requirements.
• Ensure that compliance to policies, procedures, standards and practices are properly communicated and followed by responsible Bank staff.
• Ensure preparation of monthly and quarterly compliance status reports for circulation to the Bank’s Board Risk Committee and Management Committees.
• Periodically conduct audits and reviews to ensure execution of compliance standards.
• Develop, implement and monitor the robust mechanisms of tracking the Bank’s compliance to all laws, regulations and policies a tracker and review all Bank’s policies to mitigate risk of non-compliance.
• Conduct follow-up on the resolution of all identified compliance findings in Bank of Uganda examination reports, internal and external audit reports and oversee the implementation of corrective measures to mitigate the identified deficiencies.
• Monitor the enforcement and implementation of corrective measures noted in Compliance and Audit reports as per the Policies and Procedures, laws, rules and Standards.
• Develop the annual compliance work plan that reflects the organization’s unique characteristics.
• Analyse the impact of a new legislations/regulations on operations of the Bank and translate these regulations/legislations into policies for the organization.

Qualifications, Skills and Experience:
• Bachelor’s degree (Laws/Commerce/Statistics/Economics, etc.)
• Possession of professional qualifications (ACCA, CFA, ACIB, CPA, etc.) and/or degree in a relevant field will be an added advantage.
• 3 years of experience at Senior/Manager level in a reputable financial institution or related field.
• Conversant with the regulatory framework and the Bank’s operating environment.
• Knowledge of the regulatory framework around Islamic Banking.
• Knowledge of KYC and Anti-money laundering regulatory requirements.
• Demonstration of expert knowledge of Ugandan legislation affecting different Banking processes.