Job Title: Â Compliance Officer
Organisation: BRAC Uganda Bank Ltd
Duty Station:Â Â Kampala, Uganda
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About the Company:
BRAC Uganda Bank Ltd launched on 25 April 2019 and attained its current status as a Tier II Credit institution following a successful background as the leading Microfinances services provider in Uganda. The bank operates 32 regulated branches and 131 satellite offices covering 84 districts in Uganda targeting Micro, Small. and Medium Entrepreneurs. BRAC Uganda Bank Ltd promotes financial inclusion by extending financial services to unserved and underserved populations especially women and youth as well as people living in poverty in rural areas. The Bank is operationally and financially self-sustaining with over 231,000 active customers and a loan book in excess of Ushs.175 billion.
Job Summary: Â Â The Compliance Officer is to ensure that BUBL operates within the bounds of legal, regulatory, and ethical standards while aligning with its internal policies. By doing so, they help protect BUBL from legal risks, financial penalties, and reputational damage
Key Duties and Responsibilities:
- Conduct regular visits to branches and field offices to ensure compliance with policies, procedures, and regulations.
- Monitor field-level disbursements, collections, and client interactions to detect potential compliance breaches.
- Identify operational risks and propose corrective actions to branch and field staff.
- Review client files, loan applications, and repayment records to verify adherence to microfinance policies.
- Support the branch in spot checking and conducting prewrite off activities.
- Provide guidance to business growth and field officers on compliance-related issues.
- Deliver compliance training programs for field and branch staff.
- Raise awareness of compliance issues, including ethical practices, customer protection, and compliance risk management
- Ensure compliance with banking regulations, including anti-money laundering (AML) and combating financing of terrorism (CFT) requirements.
Qualifications, Skills and Experience:
- Bachelor’s degree in accounting, commerce, law, business, finance, or a related field.
- Strong knowledge of banking regulations and laws.
- Experience in Operations, Auditing, Risk Management, Legal, Internal Controls, etc
- Excellent analytical and problem-solving skills.
- Strong communication and interpersonal skills.
- Attention to Detail: Ensuring accuracy in policies, audits, and reports.
- Knowledge of Laws and Regulations: Familiarity with industry-specific and general legal standards.
- Banking/Finance: Anti-money laundering (AML) and financial regulations.
- Basic knowledge in the use of Microsoft Office tools
- Oral and written communication skills
- Investigation and Research
- Problem-Solving Skills: Address and resolve compliance challenges effectively.
- Ethical Judgment: Strong integrity and ability to make unbiased decisions
- Ability to assess risks and ensure compliance.
How to Apply:
Interested candidates should email their application letter, Curriculum Vitae, and copies of relevant academic documents, IN PDF FILE mentioning the job title as the subject matter to recruitment.bracugandabankltd
brac.net All applications should be addressed to the Head Human Resource BRAC Uganda Bank Ltd.
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Deadline: 6th December 2024
Note: Only shortlisted candidates will be contacted.
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