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Kampala, Uganda
Full-time
Deadline:
December 18, 2023 at 2:00:00 PM
About the Organisation
Cairo Bank Uganda Limited, formerly known as Cairo International Bank, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator. It is a subsidiary of Egypt-based banking group, Banque du Caire Group.
Job Title
Manager, Financial Crime job at Cairo bank Uganda
Job Description
Responsible for supporting the Money Laundering Control Officer in planning, developing, implementing and monitoring the Bank’s financial crime risk management framework in line with regulatory requirements, prudential standards and guidelines, internal policies and procedures.
Duties and Responsibilities
Key Responsibilities:
Support in developing and implementing systems, mechanisms and procedures to ensure that the staff of the Bank comply with both the regulatory and policy AML/CFT/CPF requirements;
Prepare weekly Financial Crime reports for review by the MLCO
Embed the policy and standards on AML, CFT and Sanctions standards across the bank through awareness campaigns
Transaction monitoring process through daily transaction reviews, customer profile inquiries, customer account behavior analysis customer KYC status and AML/CFT red flags reviews
Review and closure of alerts flagged by the Financial Crime Management system within the agreed timelines.
Continuous review and making proposals for improvement of the Financial Crime Management systems rules
Ensuring that all staff of the Bank obtain role-specific AML/CFT/CPF training at least once annually
Preparing the monthly compliance awareness circulars
Preparing suspicious transactions/activities reports for the MLCO’s review
Conduct awareness of the bank’s suspicious transaction reporting process
Conducting reviews of suspicious transactions reported and escalating these to the Chief Compliance Officer
Maintaining a tracker of suspicious transaction reports received and providing appropriate rationale for the decision to report or not to report these to the Financial Intelligence Authority or regulators
Support in conducting Enhanced Due Diligence
Conducting comprehensive periodic reviews for the integrity bank’s customers’ information.
PEP Customer Management including continuous enhanced monitoring and reviews to mitigate PEP risks
Conduct comprehensive PEP customer reviews annually to ensure associated risks are mitigated and tracked.
Risk-based reviewing of funds transfers to confirm that they meet the minimum regulatory and policy requirements
Maintain evidence of customer sanctions screening for third-party verification
Conduct awareness of payment screening processes to the Payments and the Trade Finance units
Carry out due diligence on trade documentation and shipping vessels in keeping with applicable sanctions restrictions
Ensure that regulatory reports for Large Cash monetary transactions, Aggregated Cash and monetary transactions and International Wire Transfer reports are accurate and submitted on time with appropriate control
Escalate any system challenges affecting reporting to the MLCO for onward engagements with the regulators.
Entity due diligence validation
Perform risk and control self-assessments on the bank’s financial crime framework
Escalate any breaches, incidents, near misses
Maintain a log on waivers, and dispensations for Financial Crime and follow up to ensure these are addressed within the timelines.
Perform a sample review of accounts opened monthly
Conduct reviews for accounts updated
Ensure all regulatory inquiries on customers are responded to within 48 hours or sooner depending on the expected submission date
Maintain records of all correspondences with the regulator to provide an audit trail for customer investigations
Ensure prudent customer confidentiality is maintained and appropriate records management processes are kept to avoid leaks
Provide sound Compliance advisory services to the bank delivered fast and accurate to support the bank’s Compliance strategy
Manage and continuously improve the Bank’s sanctions risk management framework
Continuously review and improve the customer risk profiling exercise
Maintain and continuously update the Bank’s sanction screening framework
Monitor the Bank’s sanction screening framework to ensure that it is comprehensive and properly implemented.
Supervise and develop the capacity of the Compliance Officer.
Any other duties assigned by the supervisor in line with the role
Qualifications and Competencies
Education.
A Bachelor’s degree in Statistics, Economics, Accounting, Business Administration, Law or Banking.
Professional qualification in Compliance is desirable.
A Master’s degree is an added advantage.
Experience.
Minimum of 2 years’ work experience preferably in the financial services industry.
Skills and competencies.
Excellent knowledge of financial institutions.
Understanding KYC requirements
Excellent interpersonal skills and communication skills.
Analytical mind, good attention to detail, problem-solving, good time management skills and the ability to multi-task work under pressure
Proficiency in computer applications especially Microsoft Excel
How to Apply
Interested candidates should send their application letters together with their curriculum vitae to the Head, of Human Resources at recruitment@cbu.co.ug no later than Monday, 5 pm, 18th December, 2023.
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