Compliance Officer

Key Duties and Responsibilities:

1. Develop and Implement Legal Compliance Programs:

   • Design, implement, and continuously improve a robust legal compliance program to ensure adherence to regulatory standards and company policies.

2. Internal Controls & Monitoring:

   • Establish and maintain sound internal controls to monitor compliance with Anti-Money Laundering (AML) policies and other regulatory frameworks.
   • Ensure that compliance procedures are effectively integrated into daily operations and systems.

3. Employee Training & Education:

   • Educate and train employees on industry regulations, best practices, and company-specific compliance policies to foster a culture of compliance and regulatory awareness.

4. Reporting to Regulatory Bodies:

   • Bank of Uganda:
     • Submit daily reports on exchange rates.
     • Submit large-volume transaction reports.
     • Prepare and submit weekly Forex reports.
     • Prepare and submit monthly money remittance and Forex remittance reports.
     • Submit weekly money remittance reports.
   • Financial Intelligence Authority (FIA):
     • Submit large cash transaction Forex reports.
     • Submit large cash transaction transfer reports.
     • Report suspicious transactions.
     • Submit reports on international wire transfers and related transactions.
     • Prepare aggregated large cash transaction Forex and transfer reports on a weekly basis.

5. Transaction Monitoring & Verification:

   • Perform daily checks of transactions in the system to ensure rates are accurate and compliant with regulatory requirements.
   • Collaborate with other compliance officers (e.g., EMQ, Instant Cash) to resolve any issues related to blocked transactions, ensuring timely resolution and reporting.

6. Customer Verification for Large Transactions:

   • Ensure that all customers involved in large cash transactions have their identification documents properly attached and verified in the system, in compliance with Bank of Uganda requirements.

7. Cross-Department Collaboration:

   • Work closely with other departments to ensure smooth implementation and adherence to legal, regulatory, and operational standards.

8. Continuous Improvement & Risk Management:

   • Continuously evaluate and improve the compliance processes, identifying potential areas of risk and implementing corrective actions.

Qualifications, Skills and Experience:

• The applicant should have relevant qualifications
• Any professional certification on compliance would be an added advantage
• Two years of proven work experience as a Compliance Officer
• Thorough knowledge of Anti-money laundering, CFT, FATCA, FATF guidelines, etc.
• Good exposure of Industry practices and professional standards.