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Regulatory Reporting Officer

Closing: Apr 29, 2024

This position has expired

Published: Apr 24, 2024 (12 days ago)

Job Requirements

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Work experience:

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Job Summary

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To monitor the regulatory environment for any regulatory changes and preparing an impact analysis that provides insights for management decision making.


Requirements

Education.

• A Bachelor’s degree in Business or Accounting from a recognized University.

• A Master’s degree is an added advantage.

Experience.

• Minimum of 4 years’ experience in a similar role in a supervised financial institution by Bank of Uganda with at least 2 years’ experience in Regulatory and Taxation reporting.

• Professional Qualifications e.g. ACCA, CPA OR CIMA are required.

Skills and competencies.

• Comprehensive understanding of the Banking practice and understanding of domestic tax laws.

• Understanding of the local regulatory requirements

• Understanding of prudential guidelines and other Bank of Uganda requirements

• Strong analytical skills and an eye for detail.

• Proficiency in computer applications

• Team Work



Job application procedure

Interested candidates should send their application letters and curriculum vitae to the Head of Human Resources at [email protected] no later than 5 pm, Monday 29th April, 2024


Responsibilities
To monitor the regulatory environment for any regulatory changes and preparing an impact analysis that provides insights for management decision making.


Requirements

Education.

• A Bachelor’s degree in Business or Accounting from a recognized University.

• A Master’s degree is an added advantage.

Experience.

• Minimum of 4 years’ experience in a similar role in a supervised financial institution by Bank of Uganda with at least 2 years’ experience in Regulatory and Taxation reporting.

• Professional Qualifications e.g. ACCA, CPA OR CIMA are required.

Skills and competencies.

• Comprehensive understanding of the Banking practice and understanding of domestic tax laws.

• Understanding of the local regulatory requirements

• Understanding of prudential guidelines and other Bank of Uganda requirements

• Strong analytical skills and an eye for detail.

• Proficiency in computer applications

• Team Work



Job application procedure

Interested candidates should send their application letters and curriculum vitae to the Head of Human Resources at [email protected] no later than 5 pm, Monday 29th April, 2024


• Prepare and perform first cut detailed analysis and review of daily, weekly and monthly regulatory reports, making the necessary corrections before submission for review.

• Deliver accurate and timely regulatory, financial and statistical information to Central Bank

• Maintain an updated register of all regulatory returns submitted by Finance and liaise with compliance to ensure the same is accurately captured in the obligations register

• Lead the continuous review and strengthening of the reporting control environment by providing subject matter expertise on Bank of Uganda reporting.

• Work closely with the Financial Controller to identify and coordinate opportunities for rationalization and automation of regulatory reports.

• Support the audit process and ensure all audit queries are addressed in the timely manner.

• Prepare and share management performance reports and provide key insights on trend and variance analysis.

• Liaise with Central Bank on issues arising from financial, statistical and other reports

• Review of impairment workings provided by the credit risk team to ensure they are compliant to prudential guidelines.

• Attend to all ad-hoc queries from Finance and other stakeholders of the unit.

• To ensure the chart of accounts is properly set up.

• Perform cost trend analysis and ensure that all costs are booked in the right cost centres to ensure accurate cost reporting.

• Attend to any other business assigned to you by the Financial Controller and Head of Finance


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