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Financial Institution Compliance Officer Job Opportunity at Financial Intelligence Authority

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The Financial Intelligence Authority (FIA) is seeking a highly skilled and experienced individual to fill the position of Inspection and Compliance Officer. The successful candidate will be responsible for ensuring compliance with anti-money laundering and combating the financing of terrorism (AML/CFT) regulations in financial institutions across Uganda.

Job Summary

The Inspection and Compliance Officer will conduct onsite and offsite inspections of financial institutions, review their policies and procedures, and provide guidance on AML/CFT compliance. The role also involves monitoring the enactment and amendment of laws to ensure that financial institutions are aware of their obligations under the AML/CFT regime.

Key Responsibilities

  • Monitor the enactment and amendment of laws to ensure advisory of accountable persons on their obligations
  • Conduct onsite and offsite inspections of financial institutions to ensure compliance with the AML/CFT regime
  • Provide hands-on support to the compliance team during inspections, focusing on identifying areas for improvement and proposing corrective actions
  • Conduct follow-up visits to verify compliance and implement agreed-upon actions
  • Prepare inspection reports, including risk profiling and data entry into an electronic database
  • Review and examine AML/CFT policies, risk assessment reports, and annual compliance reports from financial institutions

Requirements

Education

  • Honours Bachelor’s Degree in Commerce, Accounting, Business Administration, Law, Finance, Statistics or Economics

Experience

  • At least three years’ experience in the financial services sector, with one year in compliance

Skills

  • Knowledge of international AML/CFT legislations and regulations, including FATF Recommendations
  • Strong analytical, communication, and interpersonal skills
  • Ability to work under pressure and manage time effectively

How to Apply

Interested applicants should submit their applications, including a detailed CV, academic and professional certificates, current and expected remuneration, and contact information of three references. Applications should be hand-delivered to the Human Resource Manager at the Financial Intelligence Authority’s offices in Kampala.

Deadline

Applications should be received by 5:00PM on May 3rd, 2018.