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NCBA Bank Uganda Limited is a licensed commercial bank in Uganda and a wholly owned subsidiary of NCBA Group Plc, one of East Africa’s leading financial services groups. It offers a wide spectrum of banking services — including corporate, SME, and retail banking — with products such as loans, savings, checking accounts, investments, debit and credit cards, asset finance, trade finance, and digital financial services.
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The Ugandan bank traces its origins to NC Bank Uganda, which began operations in May 2012. In 2019–2020, it merged the operations of NC Bank Uganda and CBA Uganda to form the current entity, NCBA Bank Uganda, bringing together strengths from both predecessor institutions under the NCBA Group brand.
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As part of the NCBA Group, the bank benefits from regional presence, cross-border expertise, and integrated digital banking solutions that deepen financial inclusion and support economic growth across East Africa.
Full-time
Head, Compliance and Regulatory Affairs Job at NCBA Bank Uganda
NCBA Bank Uganda
Job Description
- Provide advice to the Board and Management regarding the Bank’s compliance with the applicable laws, guidance and standards while providing support for the operational support to comply with the same.
- Work with the relevant Business Heads to ensure establishment of a business and operational compliance structure in line with best practice and regulators guidelines.
- Develop and maintain the appropriate Anti Money Laundering (AML) Compliance risk management framework and systems within the bank’s operations
- The job involves enterprise-wide coordination of identification and management of all compliance risks and will include propagating, monitoring and reporting on compliance with laws, regulations and internal policies, standards, guidelines and procedures. The role will encompass: AML/CFT Compliance risk and Compliance/Regulatory Risk.
- As the Money Laundering Compliance Officer, the primary professional focus falls on the implementation and assessment of effectiveness of internal systems and controls that the institution puts in place to help detect, monitor and report money laundering activities to the relevant authorities. The MLCO will act as the liaison between the Bank and the Financial Intelligence Authority in matters relating to coordination and compliance with anti-money laundering and combatting terrorism financing obligations of the Bank.
Duties, Roles and Responsibilities
- Responsible for supporting the achievement of profitability of the bank through management/ cost savings of set departmental budgets
- Develop and review the Bank’s Compliance & AML/CFT Compliance Strategy and Policies
- Develop the annual Compliance and AML/CFT Compliance work plan that ensures appropriate coverage; and is well coordinated with related activities covered by the Bank’s risk management and compliance programmes.
- Oversee and monitoring the implementation of the compliance and AML/CFT compliance program
- Coordinate with other risk managers and ensure timely preparation and circulation of monthly reports to Management and Executive Committees and quarterly reports to the Board and Board Risk Management Committee (BRMC) that will include summary compliance status reports.
- Recommend compliance enforcement measures to Senior Management and provide independent briefing to the Board Risk Management Committee (BRMC)
- Advise senior management on compliance and AML/CFT Compliance laws, regulations, rules and standards and keep them updated on all new developments with potential impact to the Bank’s compliance profile
- Coordinate internal compliance reviews and monitoring activities, including periodic reviews of departments
- Act as compliance liaison contact within the Bank and with external parties and maintain continuous dialogue and information to business units on key issues defined in the compliance and AML/CFT compliance policies and issues arising from the external environment.
- Develop clear strategic objectives and measures to be assessed on compliance performance across the Bank and establish independent and effective processes to measure and report on progress towards achieving the compliance strategic objectives
- 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. Ensure this is supplemented by a self-assessment programme based on compliance standards benchmarks embedded within the Bank’s broader RCSA programme
- Monitor AML and Regulatory Compliance issues in the Bank
- Ensure effective management and resolution of all compliance and control issues across the Bank
- Deliver compliance training and awareness to Bank staff and management
- Establish the complete compliance scope for the Bank and locally based subsidiaries based on applicable laws, regulations, policies and related policy standards and policy guidelines and aim at achieving 100% compliance
- Carry out periodic or one-off interventions to address compliance knowledge transfer needs in the country and region
- Maintain and regularly update a compliance issues database with compliance findings by regulators and auditors and escalate long outstanding items for senior management intervention
- Ensure that compliance policies, procedures, standards and practices are properly communicated and followed by responsible bank staff.
- 100% adherence to policies, procedures and statutory guidelines.
- Audit Rating = Satisfactory.
- Audit issues closed within the agreed time frames.
- Nil repeat findings.
- Establish strong relationships and communications with stakeholders to ensure customer satisfaction and that concerns are addressed and expectations met.
- Maintain and own team high performance.
- Own up-to-date and actioned competency assessments and development plans.
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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