Compliance Manager/AMLCO job at Salaam Bank | Apply Now

• Develop and implement systems, mechanisms and procedures to ensure that Bank staff immediately report cases of non-compliance particularly relating to suspicious money laundering, proliferation financing or terrorism financing.

• Clearly define and spell out the compliance obligations for each unit/ department of the Bank with clear allocation of compliance responsibility.

• Strengthen compliance and AML/CFT/PF risk Identification and assessment.

• Conduct an annual risk assessment relating to financial crime and Data Protection and incorporate conclusions into current policies and requirements.

• Develop and ensure maintenance of a robust system that tracks compliance to establish legal, regulatory and policy parameters and prompt escalation of any exceptions or weaknesses.

• Support management remediation plans for all incidence of noncompliance with policy/procedure and follow up implementation on a timely basis and escalating to the Board as necessary.

• Make practical and acceptable recommendations where systems and procedures are in need of enhancement to counter the risk of financial crime.

• Coordinate and maintain regulator relationships to ensure ease of communication, information sourcing, and achievement of response timelines.

• Maintain the correspondent and counterparty Bank Register with regard to AML/CFT & KYC requirements.

• Ensure that compliance to policies, procedures, standards and practices are properly communicated and followed by responsible Bank staff.

• Ensure preparation of monthly and quarterly compliance status reports for circulation to the Bank’s Board Risk

  
  

Committee and Management Committees.

• Periodically conduct audits and reviews to ensure execution of compliance standards.

• Develop, implement and monitor the robust mechanisms of tracking the Bank’s compliance to all laws, regulations and policies a tracker and review all Bank’s policies to mitigate risk of non-compliance.

• Conduct follow-up on the resolution of all identified compliance findings in Bank of Uganda examination reports, internal and external audit reports and oversee the implementation of corrective measures to mitigate the identified deficiencies.

• Monitor the enforcement and implementation of corrective measures noted in Compliance and Audit reports as per the Policies and Procedures, laws, rules and Standards.

• Develop the annual compliance work plan that reflects the organization’s unique characteristics.

• Analyse the impact of a new legislations/regulations on operations of the Bank and translate these regulations/legislations into policies for the organization.