Head of Compliance job at PostBank Uganda Limited (PBU) | Apply Now

Strategy

• Developing, implementing, and monitoring of the Compliance Agenda of the Bank in line with laws, regulations and internal policies and procedures.

• Advising management and staff on compliance risk management through compliance engagements, compliance reviews, training and other formal communications.

• Documentation and reporting of compliance risk management activities to management and Board of Directors

• Ensure periodic tests are performed to confirm compliance with regulatory requirements and ensure that the Bank’s standards continue to be monitored effectively by Line Management.

Financial

• Closure of revenue leakages by ensuring total compliance with system account codes, processes, and tariff guide.

Compliance Management

• Ensure compliance with Know Your Customer, Anti-Money laundering policy, compliance with the FIA among other regulatory laws.

• Review and identify gaps in organizational policies and procedures and make possible recommendations

• Implementation of internal and external audit recommendations, Bank of Uganda directives and Board of Directors resolutions

Monitoring and Reporting of the Business

• Ensure follow up and tracking of branch and audit issues raised with relevant branches and head office departments for resolution.

• Spearhead the development and review of operational policies and procedures.

• Ensure the resolution of all open non-compliance issues highlighted in internal and external audit reports.

• Conduct branch visits to ensure compliance at the branch level and make reports of the findings.

• Ensure AML and KYC compliance monitoring including western Union compliance and suspicious transaction reporting to the regulator in case of any breaches.

• Provide monthly progress reports on bank compliance issues.

• Ensure the Operations Manual is regularly updated

• Monitors service quality and make recommendations aimed at improving the quality of service

• Ensure compliance with ICT security.

Training and awareness

• Sensitize staff on AML, KYC and the consumer protection guidelines

• Support the product knowledge drives across the branches

Documentation

• Maintain a file and data for all compliance related matters.

• Ensure all Bank Manuals are in place.