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PostBank Uganda   |   Uganda   |   Log in or register to see the closing date

Regulatory Compliance Supervisor

  • Bachelor's degree
  • Legal
  • Experienced (senior worker)
  • Full Time
  • Permanent

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Job Summary

To ensure, the Bank in the conduct of its business, adheres to; the highest standards of ethical and professional conduct, complies fully with all applicable and relevant laws, regulations, rules, guidelines and standards that govern the business of financial institutions and in a manner that shall insulate it (Bank) against the risks of legal, regulatory sanctions, financial losses and loss to reputation, amidst, meeting the expectations of all the key business stakeholders

Minimum Requirements:

  1. Bachelor’s Degree in Law, Business Administration, Commerce, Statistics, Economics, and Quantitative Economics or any other relevant/related field.
  2. Completion of any course in risk management, foundation stages of CPA/ACCA/CFA is desirable.
  3. Practical experience of at least more than two year in the field of risk management or compliance in financial institutions, shall be an added advantage.
  4. Good interpersonal skills

The following documents should accompany the application:
  1. Detailed CV
  2. Certified copies of academic documents
  3. Applicants address and day time telephone contacts
  4. Postal/email address and daytime telephone contact of three referees of good standing in society.


Responsibilities

  1. Developing and maintaining a thorough understanding of the Bank’s applicable and relevant legal, regulatory and policy frame work and environment.
  2. Based on the knowledge of the Bank’s business and regulatory environment /framework, identifying potential areas of compliance vulnerability and assessing the severity of potential compliance risks for timely flagging to line management for timely redress;
  3. Ensure the Bank’s policies and procedures regime at any particular time, is adequately embedded to all the key legal, regulatory and other business controls requirements.
  4. Provide timely support and guidance to all units, functions and agents of the Bank towards closure of all compliance lapses as identified and reported by the Regulator, Auditors (Internal and External) as well as lapses identified during the routine compliance assessments.
  5. Regularly and accurately reporting to line management, emerging and material compliance lapses identified that may pose financial or reputational risks to the business.
  6. Support the continuous process of creating, reviewing and sensitization of Policies and Procedures to all key stakeholders in the Bank.
  7. Provide training to staff and management on relevant compliance issues, legislative and regulatory requirements;
  8. Effectively implementing routine monitoring and sufficient representative testing (Including spot checks) of the Bank’s actual compliance profile with the applicable laws, regulations, rules, standards and internal policies and procedures and make proposals for improvement and correction whenever required;
  9. Recommend for updates and effectively support the full operationalization of the Bank’s compliance and AML programs;
  10. Prepare compliance review reports where assessments have been carried out;
  11. Assist in planning for compliance checks and properly document the tests carried out and conclusions drawn.


General Information

Salary rangeNot specified
Additional informationNot specified
Contract type: Permanent
Job type: Full Time
Location: Uganda
Area of work: Legal
Seniority: Experienced (senior worker)

Job Requirements

Required education: Bachelor's degree
Required relevant work experience: 2 years
Required skills: Reporting; Compliance; Business performance monitoring; Policy drafting and development; Regulatory reporting; Training delivery
Required languages: English (Spoken: fluent | Written: fluent)

PostBank Uganda

Banking, microfinance, insuranceCompany size: 500-1000 people

PostBank Uganda Limited was established in accordance with the Communications Act of 1997. It was incorporated in February 1998 as a limited liability company to take over operations of the former Post Office Savings Bank, which has been in existence since 1926. PBU is 100% owned by the Government of Uganda. And is currently run by the Board of Directors headed by Chairman and for day to day operations it’s guided by the Management team headed by the Managing Director. PostBank currently has 37 branches supported by 9 mobile banking vans with an operational presence in over 50 districts. Our branch network is also supplemented by point of sale machines and a number of authorized cash points across the country. We serve over 600,000 customers. Our deposit base and loan portfolio is over 200 billion and 170 Billion respectively. The bank's operations are supervised by the Bank of Uganda under Financial Institutions Act. The Bank also subscribes to Depositors Insurance Scheme at bank of Uganda, meaning that in the unlikely of a Bank failure, our customers are compensated for up to UGX 2 M Uganda Shillings.