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About the Organisation
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Financial Crime Compliance Manager job at ABSA Bank | Apply Now
Kampala, Uganda
Absa Bank Uganda Limited is part of Absa Group Limited, an African financial services group that aims to be the pride of the continent. Absa Group Limited is listed on the JSE in South Africa and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 42, 000 employees.
Absa Bank Uganda Limited is a reputable and innovative financial institution dedicated to empowering individuals and businesses with a comprehensive range of banking solutions that drive sustainable economic growth and community development. With a mission to deliver exceptional financial services and foster lasting customer relationships, the bank has earned significant recognition for its market leadership, commitment to excellence, and strong ethical standards.
Evolving from its humble beginnings into a major player in Uganda’s banking sector, Absa Bank Uganda Limited boasts a dynamic work culture that promotes diversity, continuous learning, and employee empowerment through competitive benefits, flexible work arrangements, and ample career opportunities. Leveraging a modern business model and cutting-edge technology, the bank maintains a broad reach and robust presence in the region, underpinned by core values of integrity, innovation, and customer-centricity.
Its dedication to corporate social responsibility is evident in its active support for community initiatives, educational programs, and environmental sustainability efforts. For more information, visit [Company Website].
Are you looking for Management jobs in Uganda 2024 today? then you might be interested in Financial Crime Compliance Manager job at ABSA Bank
Full Time
Deadline:
14 Nov 2024
Job Title
Financial Crime Compliance Manager job at ABSA Bank
ABSA Bank
Job Description
Establish and implement a framework for managing financial crime risks. Embed the framework to ensure that both internal and external Compliance requirements are met. Establish close working relationships with Business Units and external stakeholders to ensure the financial crime risk management framework is supported. Deliver valued advice to management on financial crime issues.
Duties, Roles and Responsibilities
Qualifications, Education and Competencies
See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.
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Deadline: 14th November 2024
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How to Apply
Regulatory
Localization of all FinCrime policies and standards incorporating regulatory requirements.
Effective socialization and communication of new Regulatory requirements to business.
Management of Regulatory Inspections and Engagements.
Reporting
Complete required reports; KRI’s and KPI’s in a diligent manner.
Ensure all reporting is completed and submitted timeously and accurately (all periodic submissions)
To facilitate and manage all Financial Crime Training statistics inclusive of MI format and frequency.
Policies
To facilitate and embed policies, processes and business requirements to ensure that the risk is sufficiently mitigated.
Ensure effective implementation of Financial Crime policies and procedures.
Advisory
Subject matter expert advisory on ABC, Sanctions and AML. Advice and guidance on complex matters.
support business in the effective management of financial crime compliance risks
Issues and Breach Management
Escalate Issues and Breaches appropriately
Track issues and breaches and determine the need for adjustment of Financial Crime controls
Coordinate delivery of financial crime related reviews, audits and inspections and ensure all relevant stakeholders are informed of outcomes
Training
Identify training needs for business on an annual basis and escalate to Compliance & financial Crime learning team for inclusion in training plan
Arrange refresher training where required
Produce ongoing and relevant alerts and guidance
Maintain summaries of the local regulatory environment to be communicated to business stakeholders
Regulatory
Localization of all FinCrime policies and standards incorporating regulatory requirements.
Effective socialization and communication of new Regulatory requirements to business.
Management of Regulatory Inspections and Engagements.
Reporting
Complete required reports; KRI’s and KPI’s in a diligent manner.
Ensure all reporting is completed and submitted timeously and accurately (all periodic submissions)
To facilitate and manage all Financial Crime Training statistics inclusive of MI format and frequency.
Policies
To facilitate and embed policies, processes and business requirements to ensure that the risk is sufficiently mitigated.
Ensure effective implementation of Financial Crime policies and procedures.
Advisory
Subject matter expert advisory on ABC, Sanctions and AML. Advice and guidance on complex matters.
support business in the effective management of financial crime compliance risks
Issues and Breach Management
Escalate Issues and Breaches appropriately
Track issues and breaches and determine the need for adjustment of Financial Crime controls
Coordinate delivery of financial crime related reviews, audits and inspections and ensure all relevant stakeholders are informed of outcomes
Training
Identify training needs for business on an annual basis and escalate to Compliance & financial Crime learning team for inclusion in training plan
Arrange refresher training where required
Produce ongoing and relevant alerts and guidance
Maintain summaries of the local regulatory environment to be communicated to business stakeholders
Risk Assessment
Maintain an up to date understanding of the business in order to best identify Financial Crime risks.
Monitor key business metrics and reports.
Support DMLRO with conducting the annual enterprise wide financial crime risk assessments and ensure these are reported timely to relevant stakeholders
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Education and experience required
B-degree in Commerce, Finance, Accounting or Law (NQF level no. )
At least 5 years’ experience in banking or similar field.
Knowledge and skills: (Maximum of 6)
Specialist knowledge of AML, Sanctions and related policies and standards
Sound knowledge of AML and Sanctions regulatory frameworks
Good understanding of the banking industry/financial sector
Strong Risk Management Skills
Professional AML/Compliance Certification is an added advantage
Competencies: (Maximum of 8 competencies)
Deciding and initiating action
Leading and Supervising
Persuading and influencing
Creating and innovating
Delivering results and meeting expectations
Education
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
