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About the Organisation
DFCU Bank is a fast growing commercial bank offering a variety of innovative products and services. DFCU Limited was started by the Commonwealth Development Corporation (CDC) of the United Kingdom and the Government of Uganda through the Uganda Development Corporation (UDC) under the name of Development Finance Company of Uganda Limited. Later restructuring brought in DEG (of Germany) and International Finance Corporation (IFC) as equal partners with CDC and UDC, each having a 25% stake in the company. Its objective was to support long-term development projects whose financing needs and risk did not appeal to the then existing financial commercial lending institutions.
Transaction Monitoring Analyst job at DFCU Bank | Apply Now
Kampala, Uganda
DFCU Bank is a leading financial institution in Uganda dedicated to transforming lives and businesses through innovative financial solutions that drive economic growth and financial inclusion. Established in 1964 as the Development Finance Company of Uganda, the bank has grown from a development finance institution into a full-fledged commercial bank, with a significant milestone being its acquisition of Crane Bank in 2017. Recognized for its strong financial performance, customer service excellence, and digital banking innovations, dfcu Bank has received multiple industry awards and remains a trusted partner for individuals, SMEs, and corporate clients.
The bank fosters a dynamic and inclusive work culture that emphasizes integrity, customer focus, innovation, teamwork, and excellence, offering employees professional growth, career advancement opportunities, and competitive benefits. With a strong presence across Uganda through an extensive network of branches, ATMs, and digital banking services, dfcu Bank continuously invests in technology to enhance accessibility and efficiency.
Committed to corporate social responsibility, the bank actively supports financial literacy programs, women empowerment initiatives, environmental sustainability efforts, and youth entrepreneurship. Headquartered at 26 Kyadondo Road, Kampala, Uganda, dfcu Bank remains a key driver of financial empowerment and economic development in the country. For more information
Are you looking for administrative jobs in Uganda 2025 today? then you might be interested in Transaction Monitoring Analyst job at DFCU Bank
Full Time
Deadline:
12 Mar 2025
Job Title
Transaction Monitoring Analyst job at DFCU Bank
DFCU Bank
Job Description
Job Title: Transaction Monitoring Analyst (2 Positions)
Organisation: DFCU Bank
Duty Station: Kampala, Uganda
Reports to: Compliance Manager (AML) and/ or Senior Officer- AML & Due Diligence
Reporting to the Compliance Manager (AML) and/or Senior Officer – AML & Due Diligence, the role holder will review systematic Anti-Money Laundering (AML) alerts generated from the AML transaction monitoring system and determine if transactions occurring are valid Anti-Money Laundering risks. Perform research considering various AML risk factors and indicators to determine if the alert/case needs to be escalated.
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.
If you believe you meet the requirements as noted above, please forward your application with a detailed CV including your present position and copies of relevant professional/academic certificates, to the email address indicated below:
Deadline: 12th March 2025. Only short-listed candidates will be contacted.
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How to Apply
Conduct initial analysis of customer transactions using internal/external research tools to assess and determine if the transactions seem plausible or if there is reasonable suspicion that the transaction involves money laundering.
Supporting the development and maintenance of an effective automated monitoring system and related KPIs.
Maintaining knowledge of AML risks and regulations related to AML/ATF regulatory expectations
Ensuring the rules and alerts written for monitoring bank products are appropriately tuned and maintained.
Reviewing systematic Anti-Money-Laundering (AML) alerts generated from the AML transaction monitoring system and determining if transactions occurring are valid Anti-Money Laundering risks.
Performing research considering various AML risk factors and indicators to determine if the alert/case needs to be escalated.
Accurately document the rationale for case closure or escalation as appropriate
Undertake prompt closure of eligible alerts not deemed as unusual or suspicious.
Reviewing financial transactions to identify possible instances of money laundering, suspicious activity, or other criminal activity.
Monitoring transactions for signs of fraud or other illicit activity to help detect patterns of suspicious activity that may require further investigation
Preparation of customer transaction analysis summaries on request.
SERVICES
COMMERCIAL
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INDUSTRIAL
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RESIDENTIAL
Bachelor’s Degree in a Business-related discipline.
At least 3 years experience in Banking operations.
Knowledge of banking, products, risks and processes such that advice is as informed, appropriate and relevant to business needs
Sufficient knowledge of the local laws, regulatory expectations and internal policy requirements as they relate to financial crime risk.
Good interviewing skills to enlist required information.
Proficiency in Microsoft Word and Excel spreadsheets.
Ability to collect, analyze and evaluate information and the preparation of written concise reports of work performed plus recommendations.
Ability to communicate clearly and effectively, both orally and in writing.
Possession of flexibility and ability to adapt appropriately to changing requirements and situations.
High level of maturity, confidentiality and objectivity.
Excellent communication and engagement skills.
Strong attention to detail and personal effectiveness.
High level of integrity and standards.
Self-drive and initiative.
Unafraid to take responsibility.
Ability to work effectively with local contemporaries and peers in other clusters and regions to maintain a collaborative culture.
