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Job Summary
Job Title:
Compliance Officer
Employer:
eLipa
Location:
Country:
Contract Type:
Full-time
Job Category:
Management Jobs
Number of Positions:
1
Deadline:
Friday, 16 February 2024
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Compliance Officer job at eLipa | Apply Now
Kampala, Uganda
eLipa is a cutting-edge digital payment platform with the mission to provide seamless, secure, and accessible payment solutions that empower individuals and businesses to manage their financial transactions effortlessly. With a growing reputation for reliability and customer-focused innovation, eLipa has gained recognition as a trusted player in the fintech industry, offering a wide array of payment services, including mobile money, bill payments, and e-commerce solutions.
The company fosters a work culture that encourages creativity, collaboration, and professional growth, offering employees an inclusive environment with opportunities for career advancement and skill development. eLipa provides various job opportunities, supporting flexible work arrangements to accommodate different employee needs. Established in 2017, eLipa has quickly evolved into a leading provider of digital payment solutions, expanding its services across Uganda and other East African markets.
The company’s business model revolves around leveraging technology to streamline payment processes, making financial transactions more efficient for users. With a strong and growing presence, eLipa serves a broad range of customers, from individuals to large corporations, ensuring ease of access and convenience in digital payments. Guided by its core values of innovation, customer satisfaction, security, and integrity, eLipa strives to improve financial inclusion while contributing to the economic development of the region. The company also engages in various corporate social responsibility initiatives, including promoting financial literacy and supporting community development projects. For more information, visit the company’s
Are you looking for management jobs in Uganda 2024? If yes, then you might be interested in Compliance Officer job at eLipa
Full-time
Deadline:
16 Feb 2024
Compliance Officer job at eLipa
eLipa
Job Description
Duties, Roles and Responsibilities
Qualifications, Education and Competencies
The Compliance Officer will play a critical role in Purpose ensuring the company's adherence to regulatory requirements and ethical standards in Uganda. The responsibilities will involve developing and implementing compliance policies, monitoring regulatory changes, conducting audits, and collaborating with various teams to maintain a culture of compliance within the organization
See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.
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Stay up to date with relevant financial and fintech regulations in Uganda and ensure the company's compliance with all applicable laws, rules, and regulations related to the financial industry, law governing Payment Services Providers in Uganda, Data protection, anti-money laundering (AML) Know Your Customer (KYC) regulations, and any other relevant regulations.
Serve as the primary point of contact for regulatory authorities in Uganda, maintaining positive relationships and addressing any compliance inquiries or requests. Develop and implement comprehensive compliance policies, procedures, and guidelines tailored to the company's fintech activities in Uganda Conduct internal compliance audits to assess the effectiveness of the company's compliance programs and identify areas for improvement.
Train and educate staff so that they are informed of any legal changes and updates to compliance guidelines. Prepare and submit accurate and timely compliance reports to regulatory authorities, as per their requirements.
Develop a Risk Management Framework and continuously assess and evaluate risks and identify mitigation strategies to safeguard the company's operations. Develop and ensure implementation of a compliance plan to ensure all aspects of the company's operations are in line with relevant regulations
Provide guidance and support in managing and addressing compliance-related incidents or breaches. Regularly review and update internal policies and procedures to reflect changes in regulations or industry best practices.
Responsible for contract management: drafting standard contracts and specialized contracts, review and negotiate contracts and ensuring such documents and third-party contracts are properly and promptly executed.
Maintain proper coordination between the legal function and other user departments with respect to contracting with suppliers, vendors and third parties
SERVICES
COMMERCIAL
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INDUSTRIAL
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RESIDENTIAL
Bachelor's degree in a relevant field (finance, law business)
Proven experience as a Compliance Officer or in a similar compliance role in the fintech or financial services industry
In-depth knowledge of relevant fintech and financial regulations and compliance best practices in Uganda Excellent communication and relationship-building abilities
Strong analytical and problem-solving skills with attention to detail
Must possess a valid CRB Certificate or Report from a recognised Credit Reference institution
Familiarity with AML/CFT regulations and practices is an advantage
Skills and Competencies
A strong understanding of financial and fintech regulations in Uganda, including anti-money laundering (AML) data protection, and consumer protection laws. Demonstrated commitment to maintaining the highest ethical standards and promoting a culture of integrity within the organization.
Ability to analyse complex regulatory issues, identity potential compliance risks, and develop effective risk mitigation strategies.
Ability to collaborate and work closely with cross- functional teams, including legal, risk management, and technology teams, to address compliance issues and implement solutions.
Ability to adapt to changes in regulatory requirements and industry best practices, ensuring the company remains compliant in a dynamic environment. Proficiency in preparing accurate and timely compliance reports and maintaining comprehensive documentation of compliance activities.
The ability to critically evaluate compliance processes and systems, identify areas for improvement, and implement enhancements.
Strong interpersonal skills to build positive relationships with regulatory authorities, clients, and other stakeholders in the fintech sector.
Experience having worked in a Pan African context will be an added advantage
APPLICATION FOR THIS POSITION MUST BE DONE ONLINE:
Our payment options integrate mobile money, mobile banking and direct bank debit systems. Submission address - hr@mu.elipa.global Submission deadline will be 16th February 2024.
