2 Manager- Compliance Job Opportunities – DFCU Bank

Job Title:  Manager- Compliance (2 Positions)

Organisation: DFCU Bank

Duty Station: Kampala, Uganda

Reports to: Head of Compliance

About the Company:

DFCU Bank is a fast growing commercial bank offering a variety of innovative products and services. DFCU Limited was started by the Commonwealth Development Corporation (CDC) of the United Kingdom and the Government of Uganda through the Uganda Development Corporation (UDC) under the name of Development Finance Company of Uganda Limited. Later restructuring brought in DEG (of Germany) and International Finance Corporation (IFC) as equal partners with CDC and UDC, each having a 25% stake in the company. Its objective was to support long-term development projects whose financing needs and risk did not appeal to the then existing financial commercial lending institutions.

Job Summary:   Reporting to the Head of Compliance, the role holder will be responsible for supporting and assisting the Board and Senior Management to discharge their accountability for compliance risk management and compliance with applicable statutory, regulatory and supervisory requirements.

• To support the Head of Compliance, and the embedded business risk management function to discharge their responsibilities relating to the compliance risk management process as required by relevant regulatory requirements, applicable codes of conduct and minimum standards.
• Assist Business Unit (BU) Heads and the embedded business risk management function by providing advisory services to guide BU Heads in discharging their responsibility to comply with applicable statutory, regulatory and supervisory requirements to:
• Protect the reputation of the Bank;
• Avoid legal action against the Bank;
• Promote a good working relationship with supervisors/regulators; and
• Enable the Bank to demonstrate to regulatory authorities and other stakeholders that it is “fit and proper” to undertake its business.
• To maintain and develop a thorough understanding of the relevant regulatory requirements applicable to the Bank; thereby facilitating the establishment of a compliance culture.
• To provide advice and guidance to the business units.

Key Duties and Responsibilities:

• Support and maintain strong team dynamics and culture.
• To interact with each Business Unit (‘BU’) to ensure coordination and effective management of compliance processes.
• Provide input to the respective BU(s) Regulatory Universes and the Bank’s overall Regulatory Universe.
• Assist the BU(s) in the completion and or maintenance of BU-specific Regulatory Universes.
• Ensure in conjunction with the BU(s) that specific CRMPs are developed.
• Ensure there are customised CRMP’s for all high-risk legislation pertinent to the BU(s) and in line with the compliance plans for the year. These should be embedded in the respective Business Unit Risk and Control Assessment (RCA) document to enable them proactively identify areas exposure where further focus is required.
• Analyse and identify compliance risks, processes & controls and provide advice to management, relevant committees, within the BU(s) and the embedded business risk management function and employees, to effectively manage compliance issues.
• To attend and participate in the Bank’s relevant committees, meetings, business processes and initiatives to ensure that any compliance requirements are appropriately considered.
• Provide assistance and advice on compliance issues specific to the BU(s) (new businesses, products, and other initiatives such as projects).
• Advise on Compliance Related Legislation affecting the respective BU(s).
• Facilitate a comprehensive and up-to-date understanding of the status of compliance and regulatory matters.
• Safeguard the reputational risk of the Bank by ensuring the BU(s) supports the reputational risk standards and related reputational risk policies & procedures.
• In line with the compliance monitoring plan, monitor compliance with regulatory requirements and mandates in order to identify further areas of improvement and detect significant compliance breaches and exposures.
• Assist and advise the BU(s) on the resolution of compliance audit/ monitoring issues.
• Ensure the maintenance and alignment of the Bank’s Compliance Manual.
• Assists, as and when required, in the development drafting and updating of policies, procedures and related training programmes
• Ensure that relevant compliance training has been tailored for BU(s) and, if appropriate, assist in the delivery of the training and awareness.
• Assist, and where necessary, facilitate the governance of dispensation/s when Compliance policies and procedures deviate from the minimum standards.
• Remain aware of regulatory and legislative developments, and practices of regulatory authorities, which are relevant to the BU(s).
• Assist the BU(s) in implementing existing, new and/or amended regulatory requirements.
• Assess and advise the BU(s) timeously and effectively on the impact of regulatory developments.
• Ensure and track that the appropriate regulatory framework is in place for the BU(s) to adequately manage compliance risks.
• Actively promote and ensure that a culture of compliance is established in the BU(s) supported.
• Cultivate relationships within the BU(s) which results in the BU committees or other relevant forums proactively seeking Compliance involvement in their dealings.
• Utilise established mechanisms for reporting and resolving non-compliance with regulatory requirements.
• Immediately report material compliance-related matters to Senior Management and the Board.
• Complete formal monthly and quarterly compliance reports as may be required by the Bank governance structures and regulatory requirements.
• Ensure cooperation by the BU(s), for corrective action regarding audit, regulatory findings and breaches.
• Monitor in conjunction with the BU(s), the timely and effective implementation of compliance Plans, escalating progress and results to Senior Management.
• Responsible for researching, assessing, and monitoring new developments in relevant bank-related legislation and regulatory sphere, and updating bank personnel on time.
• Perform gap analysis on new and existing Legislation.
• Maintain an up-to-date inventory of Bank Policies, Procedures, Processes & Circulars.

Qualifications, Skills and Experience:

• LLB or a Business Degree.
• Certification in regulatory Compliance or ACCA or CPA is an added advantage.
• Minimum of three years experience in financial services and or working in a fast-paced and dynamic regulated environment.
• Stakeholder management skills.
• Critical thinking and problem-solving skills.
• Detail Oriented with Strong research skills.
• Data Analytics skills
• Proficient in Microsoft Office (Word, Excel, PowerPoint, project).
• Ability to effectively interpret Regulatory statutes /Rules and guidelines.
• In-depth knowledge of banking products, policies and processes.
• Institutions (Local and International) Sound understanding of legal issues and good exposure to auditing principles.
• Confidentiality and sound business judgment.
• Objective thinking.
• Ability to Exercise discretion when performing duties assigned.

How to Apply:

If you believe you meet the requirements as noted above, please forward your application with a detailed CV including your present position and copies of relevant professional/academic certificates, to the email address indicated below:

Vacanciesbankdfcugroup.com

Deadline: 12th March 2025. Only short-listed candidates will be contacted.

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