Senior Compliance Officer at DFCU Bank

dfcu Bank is a fast-growing Bank in Uganda offering a wide range of financial solutions to its chosen market segments. We are seeking to recruit a Senior Compliance Officer in the Compliance Department. Details are as below:

REPORTING TO: Head of Compliance

JOB PURPOSE: Reporting to the Head Compliance, the role holder will be responsible for reviewing and examining the Bank processes and procedures to ensure that the Bank adheres to all applicable regulations and laws.



People Management;

  • Support and maintain strong team dynamics and culture.
  • To interact with each Business Unit (‘BU’) to ensure co-ordination and effective management of compliance processes.

Regulatory Universe;

  • Provide input to the respective BU(s) Regulatory Universes and the Bank’s overall Regulatory Universe.
  • Provide assistance to the BU(s) in the completion and or maintenance of BU specific Regulatory Universes.

Compliance Risk Management Plans (CRMPs);

  • Ensure in conjunction with the BU(s) that specific CRMPs are developed.
  • Ensure there are customised CRMP’s for all high-risk legislation pertinent to the BU(s) and in line with the compliance plans for the year.


  • Analyse and identify compliance risks, processes & controls and provide advice to management, relevant committees, within the BU(s) and the embedded business risk management function and employees, to effectively manage compliance issues.
  • To attend and participate in the Bank’s relevant committees, meetings, business processes and initiatives to ensure that any compliance requirements are appropriately considered.
  • Provide assistance and advice on compliance issues specific to the BU(s) (new businesses, products, and other initiatives such as projects).
  • Advise on Compliance Related Legislation affecting the respective BU(s).
  • Facilitate a comprehensive and up to date understanding of the status of compliance and regulatory matters.

Reputational Risk;

  • Safeguard the reputational risk of the Bank by ensuring the BU(s) supports the reputational risk standards and related reputational risk policies & procedures.


  • In line with the compliance monitoring plan, monitor compliance with regulatory requirements and mandates in order to identify further areas of improvement and detect significant compliance breaches and exposures.
  • Assist and advise the BU(s) on the resolution of compliance audit/ monitoring issues.

Compliance Manuals, Standards, Policies/Procedures & Training;

  • Ensure the maintenance and alignment of the Bank’s Compliance Manual.
  • Assists, as and when required, in the development, drafting, and updating of policies, procedures and related training programmes.
  • Ensure that relevant compliance training has been tailored for BU(s) and, if appropriate, assist in the awareness and delivery of the training.
  • Assist, and where necessary, facilitate the governance of dispensation/s when Compliance policies and procedures deviate from the minimum standards.

Regulatory Requirements;

  • Remain aware of regulatory and legislative developments, and practices of regulatory authorities, which are relevant to the BU(s).
  • Assist the BU(s) in implementing existing, new and/or amended regulatory requirements.
  • Assess and advise the BU(s) timeously and effectively on the impact of regulatory developments.
  • Ensure and track that the appropriate regulatory framework is in place for the BU(s) to adequately manage compliance risks.

Compliance Culture;

  • Actively promote and ensure that a culture of compliance is established in the BU(s) supported.
  • Cultivate relationships within the BU(s) which results in the BU committees or other relevant forums proactively seeking Compliance involvement in their dealings.

Feedback, Reporting & Escalation;

  • Utilise established mechanisms for reporting and resolving noncompliance with regulatory requirements.
  • Immediately report material compliance related matters to the Head Compliance.
  • Complete formal monthly and quarterly compliance reports as may be required by the Bank governance structures and regulatory requirements.
  • Ensure cooperation by the BU(s), for corrective action regarding audit, regulatory findings, and breaches.
  • Monitor in conjunction with the BU(s), the timely and effective implementation of the Compliance plan, escalating progress and results to the Head Compliance.


  • Responsible for researching, assessing, and monitoring new developments in relevant Bank related legislation and regulatory sphere, and updating Bank personnel in a timely manner.
  • Perform gap analysis on new and existing Legislation.
  • Maintain an up-to-date inventory of Bank Policies. Monitor compliance to Regulatory & statutory reporting timelines.
  • Deliver on other tasks as may be required from time to time.


  • Bachelor’s Degree in Law-LLB or a Business Degree.
  • Diploma in Law or Certification in regulatory compliance.
  • Minimum of three years’ experience in financial services and or working in a fast-paced and dynamic regulated environment.
  • Stakeholder management skills.
  • Critical thinking and problem-solving skills.
  • Detail-oriented with strong research skills.
  • Proficient in Microsoft Office (Word, Excel, PowerPoint, Project).
  • Confidentiality and sound business judgment.
  • Ability to Exercise discretion when performing duties assigned.
  • Objective thinking.

If you believe you meet the requirements as noted above, please forward your application with a detailed CV including present position and copies of relevant professional/academic certificates (University Transcript, O & A level), by close of business on Friday 3rd December 2021 to the email address indicated below:

dfcu Bank is committed to give equal opportunities in employment and aims to ensure that it does not discriminate against gender or race. Only short-listed candidates will be contacted through +256 312 300469.


Disclaimer: dfcu Bank does not solicit/accept payment in cash/kind from prospective candidates in exchange for shortlisting or job placement. Any candidate who engages in this kind of transaction is aiding and abetting fraud and will be automatically disqualified.

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