Job Title:Â Transaction Monitoring Analyst (2 Positions)
Organisation:Â DFCU Bank
Duty Station: Kampala, Uganda
Reports to: Compliance Manager (AML) and/ or Senior Officer- AML & Due Diligence
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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 Compliance Manager (AML) and/or Senior Officer – AML & Due Diligence, the role holder will review systematic Anti-Money Laundering (AML) alerts generated from the AML transaction monitoring system and determine if transactions occurring are valid Anti-Money Laundering risks. Perform research considering various AML risk factors and indicators to determine if the alert/case needs to be escalated.
Key Duties and Responsibilities:
- Conduct initial analysis of customer transactions using internal/external research tools to assess and determine if the transactions seem plausible or if there is reasonable suspicion that the transaction involves money laundering.
- Supporting the development and maintenance of an effective automated monitoring system and related KPIs.
- Maintaining knowledge of AML risks and regulations related to AML/ATF regulatory expectations
- Ensuring the rules and alerts written for monitoring bank products are appropriately tuned and maintained.
- Reviewing systematic Anti-Money-Laundering (AML) alerts generated from the AML transaction monitoring system and determining if transactions occurring are valid Anti-Money Laundering risks.
- Performing research considering various AML risk factors and indicators to determine if the alert/case needs to be escalated.
- Accurately document the rationale for case closure or escalation as appropriate
- Undertake prompt closure of eligible alerts not deemed as unusual or suspicious.
- Reviewing financial transactions to identify possible instances of money laundering, suspicious activity, or other criminal activity.
- Monitoring transactions for signs of fraud or other illicit activity to help detect patterns of suspicious activity that may require further investigation
- Preparation of customer transaction analysis summaries on request.
Qualifications, Skills and Experience:
- Bachelor’s Degree in a Business-related discipline.
- At least 3 years experience in Banking operations.
- Knowledge of banking, products, risks and processes such that advice is as informed, appropriate and relevant to business needs
- Sufficient knowledge of the local laws, regulatory expectations and internal policy requirements as they relate to financial crime risk.
- Good interviewing skills to enlist required information.
- Proficiency in Microsoft Word and Excel spreadsheets.
- Ability to collect, analyze and evaluate information and the preparation of written concise reports of work performed plus recommendations.
- Ability to communicate clearly and effectively, both orally and in writing.
- Possession of flexibility and ability to adapt appropriately to changing requirements and situations.
- High level of maturity, confidentiality and objectivity.
- Excellent communication and engagement skills.
- Strong attention to detail and personal effectiveness.
- High level of integrity and standards.
- Self-drive and initiative.
- Unafraid to take responsibility.
- Ability to work effectively with local contemporaries and peers in other clusters and regions to maintain a collaborative culture.
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:
Vacanciesbank
dfcugroup.com
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Deadline: 12th March 2025. Only short-listed candidates will be contacted.
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