Compliance Manager/AMLCO

at Salaam Bank
Location Kampala, Uganda
Date Posted March 4, 2024
Category Management
Job Type FULL_TIME
Currency UGX

Description

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.

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