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Anti-Money Laundering Risk Officer (AMLRO)

Lyca Mobile Uganda
Kampala, Uganda

Salary rangeConfidential | Contract type: Permanent

You have 13 days left to apply for this job.

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Job Summary

The role is responsible for designing and monitoring internal Anti Money Laundering (AML) procedures and policies relating to record keeping, reporting, risk assessment, customer due diligence measures, and management control systems.

He/she will also be responsible for organizing and arranging training for the staff on anti-money laundering procedures. The post also involves receiving internal disclosures of suspected money laundering or terrorist financing activities and deciding whether or not there is sufficient evidence to warrant a disclosure to the relevant authority.

He/she will report to Group Risk & Compliance Manager in LG, with a dotted line to LM Uganda CEO.

Responsibilities

  • Handle
    the management and execution of Anti-Money Laundering/Combating the Financing
    of Terrorism (AML/CTF) programs
  • Implement an annual AML plan and perform the relevant quality assurance checks to ensure adherence
  • Design and periodically update the Lycamobile internal handbook on AML/CFT policies
  • Develop internal policies relating to AML/CFT and oversee the implementation of those policies
  • Work to develop AML guidance materials, training resources, and controls
  • Identify and inform of any changes to legislation and other regulatory requirements relating to AML/CTF
  • Ensure timely submission of AML/CFT reports to the Financial Intelligence Authority, Bank of Uganda and Lycamobile senior management as and when required
  • Identify any AML/CTF loopholes and coordinating projects to bridge those gaps
  • Handle file reviews of suspicious activity to ensure compliance with the policies and governing procedures
  • Provide assistance in preparing for impending regulatory changes or revisions to licensing structure
  • Report results of reviews of AML/CFT risk assessments, imminent breaches and monitor remedial proceedings
  • Maintain a proper register of all incidents reported internally and externally
  • Collaborate with local and international stakeholders in matters to do with AML/CFT research and understand changes in regulation
  • Advise Lycamobile senior management of any likely implications of changes to internal policies impacting AML/CFT regulations
  • Conduct due periodic diligence reviews on the entire Mobile Money ecosystem including customers and agents
  • Aid in the improvement of tools to monitor, analyze, and report suspicious activity
  •  Identify, investigate, and resolve all activities that are deemed non-compliant.
  • Plan AML training sessions for internal and external customers
  • Address issues relating to transaction monitoring, filtering, and sanctions

Skills and Qualifications
  • University degree in Law, Business Studies, Accounting or a relevant risk management related field
  • Certified Risk And Management training
  • Background in investment banking, insurance or law enforcement
  • 3-5 years’ experience working in finance and audit is an added advantage
  • Experience developing and implementing compliance programs
  • Excellent interpersonal skills
  • Exceptional analytical and investigative skills
  • Ability to communicate well at the senior level and with all levels of employees
  • An analytical and enquiring mindset
  • Good oral, written and presentation skills
  • Persuasive, assertive, and proactive
  • Proficient in Microsoft Office Suite
  • Extensive knowledge of regulatory and legal framework relating to the business
  • Ability to multi-task and prioritize
  • Ability to maintain strict confidentiality


Job Requirements

Required education: Bachelor's degree
Required relevant work experience: 3 years
Required languages: English (Spoken: fluent | Written: fluent)

Mandatory attachments

Please have a scan or photo of these documents ready when you start the application:

Self-prepared CV file - the employer wants to see a CV that you have prepared yourself
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