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Tuesday, April 25, 2017

Compliance Manager Job at Ugafode Microfinance Limited (MDI) - Career Opportunity in Uganda

Vacancy title:
Compliance Manager

Jobs at:
Ugafode Microfinance Limited (MDI)

Deadline of this Job:
8th May 2017

Duty Station:
Kampala, Uganda

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Job details:
UGAFODE Microfinance Limited (MDI), one of the leading financial institutions, is looking for mature experienced individuals to till the following positions below. This is a dream career opportunity for highly dynamic, creative and innovative individual with financial sector experience.
Compliance Manager
The role holder will report to the Chief Executive Officer and will be responsible for establishing and maintaining a framework to ensure compliance with applicable financial institution regulatory requirements and internal compliance policies and procedures so as to protect the reputation of the institution and avoid financial loss.
Specific Responsibilities include:
  • Identify and assess the compliance risk associated with the institutions current and proposed future business activities, including new products, systems, new business relationships and any extension of operations or network on an international level;
  • Identify and keep an inventory available to all staff of essential laws and regulation; internal policies, manuals, guidelines and procedures pertinent to the organization;
  • Oversee the identification and reporting of any significant regulatory compliance breaches or gaps.
  • Assess the appropriateness of internal policies, procedures and guidelines, ensure a follow-up of any identified deficiencies, make recommendations for amendments, where necessary, and supervise the implementation of corrective measure to mitigate the identified deficiencies;
  •  Monitor compliance with internal policies, procedures and guidelines across all business units by performing regular and comprehensive compliance risk assessment and testing; report the results on a regular basis and promptly where deemed necessary to executive management and, if necessary, the Board of Directors; ~ Train/educate all staff with respect to compliance with the applicable laws, rules and standards and act as advisor on compliance queries from staff members;
  • Spearhead the development of an effective internal compliance culture by promoting the benefits of ethical business conduct and the benefits of compliance.
  • Liaise with relevant external bodies and regulators on compliance matters; exercise any specific legal responsibilities such as reporting suspicious transactions related to money laundering and the fight against terrorism financing;
  • Establish and / or supervise appropriate compliance checks and controls.
  •  Develop and maintain an effective support mechanism to enable closure of all compliance related exceptions raised within the institution
  • Develop annual work plan implement risk / compliance monitoring tools / maps including activities, triggers, probability and actions.
  • Spearhead the implementation of effective internal controls and ensure that these are adhered to at all times.
Desired Qualifications, Experience and skills:
  • Bachelor's degree in Law/ Business Administration or a business related field. 3 to 5 years’ experience in banking or related financial institution with experience particularly in compliance
  • A good understanding of laws and regulations governing financial institutions
  • A good understanding of policies, processes, procedures and controls of financial institutions
  • Energetic and ability to be active throughout and willingness to learn
  • High level of honesty, integrity and confidentiality
  • Excellent communication skills and high level of customer care
Job application procedure
Interested persons who meet the above criteria should submit their cover letter together with an up-to-date CV only to: recruitment@ugafode.co.ug  (Please indicate the position you are applying tor in the subject line)
Applications should be addressed to the Head of Human Resource.
Closing date for receiving applications is: 8th May 2017