AML & Compliance Manager/Data Protection Officer Job at KCB Bank

KCB Bank

AML & Compliance Manager/Data Protection Officer Job Post

Location: Jobs in Uganda 2023 - 2024

Work Hours: Full-time, 08 hours per day

Salary: UGX

No. of vacancies: 01

Deadline: September 04 2023

Hiring Organization: KCB Bank

Job Details:

Reporting to the Company Secretary, Head of Legal & Compliance in Uganda, and working as part of the Legal &Compliance Department- Head Office. The position will among other functions provide first line compliance surveillance, guidance and management on AML& CFT processes and other relevant information in line with applicable laws, regulations, KCB Uganda and KCB Group policies and international standards. The jobholder will be responsible for managing the establishment of continuous dialogue, support and information on the Bank’s Compliance Universe, AML/CTF/KYC policies, data protection & privacy compliance and other regulatory matters to which the Bank is licenced.

Key Responsibilities
• In charge of the Bank’s regulatory compliance, monitoring and reporting to the Bank’s respective Regulators not limited to the Central Bank, URBRA, Capital Markets Authority, Insurance Regulatory Authority, Personal Data Protection Office (PDPO)
• Develop and implement the Compliance strategy for the Bank and ensure that it is effectively cascaded across the different departments of the bank to drive awareness and alignment of the compliance agenda.
• Review, interpret and train key stakeholders on the existing and emerging laws and regulations to ensure compliance with the law and regulatory bodies.
• Develop and maintain a risk assessment framework for products and services, clients and customers, and other issues relating to compliance and money laundering.
• Monitor internal compliance with Bank Policies, Manuals and set guidelines.
• Act as anti-money laundering liaison contact in Head Office, maintaining continuous dialogue and information to business units on key issues defined in the AML/KYC Policies
• Reviewing AML system alerts and internal suspicious transaction reports and ensuring they are attended to for closure/escalation as appropriate for KCB Bank Uganda Limited.
• Monitor and report on the daily management of compliance issues at respective units including significant internal policies as may be advised.
• Develop and maintain a regulatory universe of all primary and secondary legislation including maintenance of related stakeholders. Monitor and track 100% compliance to all laws, regulations and guidelines in the compliance universe.
Advise Management about the data protection and privacy obligations of the Bank and monitor compliance with Data Protection Laws and Regulations.

Daily Responsibilities
• Receive, assess and investigate AML alerts and other information for suspicious activity relating to money laundering, terrorist-financing and sanctions.
• Handle money laundering related queries received from Correspondent Banks.
• Support & provide AML/KYC awareness and system training across the network units.
• Develop tools and monitor internal compliance with KCB Policies and Procedures.
• Monitor regulatory compliance and maintain good relationship will all Regulators.

Minimum Position Qualification Requirements
Education
• A Bachelors Degree in Law, Business, Economics or Banking is required.
• Professional Qualifications in CPA(U), ACAMS, CDPSE is an added advantage.
• A Masters Degree in Law, Economics, Finance or Banking is an added advantage.

Experience
• A total number of 6 years experience is required with a minimum of 3 years experience in Bank Operations, 3 years in compliance is essential and 3 years in 3 years in Internal Audit is Desirable but not essential.