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Compliance Monitoring job at Standard Bank | Hiring Now

Are you looking for Bank Jobs in Uganda 2024? If yes, then you might be interested in Officer, Compliance Monitoring job at Standard Bank

Kampala, Uganda

Full-time

Deadline: 

March 1, 2024 at 2:00:00 PM

About the Organisation

Stanbic Uganda Holdings Limited (SUHL) is part of the Standard Bank Group, Africa’s largest Bank measured by footprint and assets. The company (SUHL) is comprised of 5 subsidiaries which include: Stanbic Bank Uganda Limited: - the leading commercial bank in the country, Stanbic Properties Limited: - a real-estate company , SBG Securities Uganda Limited : - an investment and brokerage firm, Stanbic Business Incubator Limited: - an enterprise development institution and FlyHub Uganda Limited: - a technologies and innovations company.

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Job Title

Officer-Compliance Monitoring job at Standard Bank

Job Description

To enable the execution of Compliance Monitoring plans, processes and activities across dedicated areas of a Business Unit, in-line with the Group Monitoring Framework and standards to ensure the effective identification and reporting of Compliance risks and cases of non-compliance, to avoid operational losses, fines, penalties or reputational damage to the organisation and enable competitive advantage for the organisation.

Duties and Responsibilities

  • Conduct Compliance reviews by delivering against the Compliance Monitoring Plan across the required business unit area in-line with Group Monitoring standards and methodology, specifically planning, execution, reporting and record-keeping, to ensure sufficient coverage of material compliance risks.

  • Document and track the required mitigation actions to be taken, this includes logging the findings, action plans, timeframes, and roles and responsibilities.

  • Execute the Compliance Monitoring processes and activities, as per the approved minimum standards, within a dedicated Portfolio to ensure compliance with bank compliance policies, applicable laws and regulations.

  • Guide and oversee the implementation and closure of the mitigation action plans by obtaining and filing the required evidence to prove mitigation plans have been correctly implemented.

  • Provide input into the development and maintenance of the business area's Compliance Monitoring Framework, which specifically reviews the adequacy and effectiveness of compliance controls to ensure adherence to material high-risk, applicable legislation, policies and standards and is aligned to the Group Monitoring methodology to provide reasonable assurance that the business areas are adequately complying with relevant Regulatory requirements.

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Qualifications and Competencies

Minimum Qualifications

  • Type of Qualification: First Degree

  • Field of Study: Audit / Business Commerce / Legal

  • Experience Required

  • Compliance Risk Management

  • Compliance

  • 5-7 years

  • The role requires a specialist in Compliance Advisory and Monitoring with a sound knowledge of the relevant regulatory requirements and upcoming developments applicable to a specific business area as well as a solid understanding of banking policies, products and activities. Ability to take the understanding of business needs and operations and to translate it into Compliance risk management solutions.


Additional Information

Behavioral Competencies:

  • Adopting Practical Approaches

  • Interpreting Data

  • Providing Insights

  • Developing Expertise

  • Examining Information


Technical Competencies:

  • Audit Methodology

  • Audit Report Writing & Executing Audit Delivery

  • Evaluation of Internal Controls

  • Financial Industry Regulatory Framework

  • Promote Good Governance, Risk & Control

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How to Apply

APPLICATION FOR THIS POSITION MUST BE DONE ONLINE:
Are you interested? Click the "APPLY" button below to submit your application.

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