Head of Compliance

Department:

Location: Head Office

Validity period: 30/05/2025 – 20/06/2025

About FINCA Uganda:

FINCA Uganda is a subsidiary of FINCA Impact Finance and part of a network of 21 microfinance institutions and banks that provide socially responsible financial services that enable low – income individuals and communities to invest in the future. FINCA Uganda currently offers loans, savings and money transfer services in Uganda, one of the most competitive and dynamic microfinance markets in the world. FINCA is looking for a dynamic person to join their team of professionals as Head of Compliance. Details are highlighted as follows:

Summary

The Head of Compliance Department is responsible for overseeing all Compliance & Internal Control systems and procedures, including development and implementation of Compliance policies and procedures. In coordination with the management team, He/She is responsible for ensuring that the organization meets its goals, develops and implements strategies and systems to ensure that compliance & control systems are in place and are working to maximum effectiveness and motivation.

Reports to: Managing Director

The Head of Compliance will be responsible for the following:

  1. Ensuring compliance with applicable banking and microfinance legislation and regulation, representing FINCA Uganda before the regulator.
  2. Assessing, monitoring and reporting on the compliance of the micro finance deposit-taking institution with existing rules and regulations.
  3. Identifying legal and regulatory risks associated with the operations of FINCA Uganda and propose mechanisms for mitigating such risks.
  4. Serving as the Money Laundering Control officer and be the liaison person between FINCA Uganda and the Financial Intelligence Authority.
  5. Maintaining an optimal internal control framework for the organization that facilitates a proactive approach to issue identification, resolution, escalation and implementation of actions to manage control gaps to mitigate any risk that could occur and harm the organization.
  6. Leading and managing the Compliance teams in discharging their responsibility towards overall improvement of the internal control and regulatory environment across the organization and providing assurance that processes for implementing controls, monitoring and reporting on the control environment are in accordance with the organization’s management framework, standards and policies.
  7. Contributing to the organization’s business strategy through partnership with the executive management of business / enabling areas in formulation / execution of their programs towards achievement of a compliant and sound control environment.
  8. Determining the compliance framework strategy for the organization in consultation with other control functions namely Risk and Internal Audit and enabler partners like the Legal function.
  9. Developing effective and collaborative relationships with the country’s senior management team, business lines and all relevant stakeholders.

  1. Degree in Business Administration, Law, Finance or Risk Management related fields
  2. Professional qualifications or certifications in Anti Money Laundering, Financial Crime, Risk and Corporate Governance practices from a recognised institution will be an added advantage
  3. Minimum of 5 years’ experience in middle management level in Compliance, Risk Management, Internal Controls or Audit with a proven track record.

To perform the job successfully, the successful candidate should demonstrate the following competencies:

  • Leading with integrity.
  • Excellent at Employee Engagement.
  • Result Oriented.
  • Excellent at collaborating.
  • Strong business management and negotiation skills.
  • Excellent interpersonal, communication and training skills.
  • Excellent technical report writing skills, proficient knowledge of excel and computer literacy.

All candidates who so wish to take up these roles in the aforementioned capacities are encouraged to send their applications with detailed CVs including present position and copies of relevant professional/academic certificates to: [email protected]

Deadline: 20th June 2024