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 Financial Crime Officer respectively to support our expansion strategy.
REPORTING TO: Head of Financial Crime Management
JOB PURPOSE: Reporting to the Head of Financial Crime Management the role holder will be responsible for supporting the detection and prevention of losses resulting from high risk and fraudulent monetary and non-monetary transactions.
LOCATION: Kampala
KEY ACCOUNTABILITIES:
- Investigate any illegal acts characterized by deceit, concealment, or violation of trust. Generate/gather facts/evidence to help prevent and deter fraud for both Internal disciplinary action and courts proceedings. Conduct thorough investigations of reported fraud or suspicious activity and be able to create reports/summaries to be distributed to affected members of the organization.
- Take proactive measures to prevent losses through any of the following: performing investigations, placing deposit holds, restricting accounts, analyzing suspicious account activity and properly reporting and categorizing activity that has created loss exposure.
- Provide an independent and objective approach of fraud prevention and analysis within the Bank.
- Recommend to the Financial Crime Risk Manager on the financial consequence to the Bank of the results arising out of the investigated reports. With good latitude, take some decisions with minimal supervision as dictated by the prevailing circumstances.
- Support the police investigations authuorities on following up of suspects.
- Participate in root cause analysis on internal and external fraud investigations.
- Track and monitor fraud trends and escalate to management.
- Review accounts flagged for potential fraud or other violations such as potentially false information, identity theft, potential collusion with company employees in originating fraudulent loans, etc.
- Share Fraud alerts in a timely manner.
- Develop and maintain partnerships with internal business owners to continually improve and strengthen fraud investigations and mitigate potential fraud risk.
- Provides ideas on the development of appropriate controls for the mitigation of financial crime risks.
- Supports the programme of raising staff awareness of financial crime issues, through training particularly “Whistle Blower” and the obligation to report suspicious transactions.
- Participates in the preparation of regular and accurate financial crime reports that are escalated to the relevant bank departments. i.e determine how much loss has occured due to fraud, recommend for appropriate actions and also follow up the cases to their completion.
- Track different risks events associated with Fraud and keep data to be used for sharing lessons learnt to reduce bank losses.
- Support in financial crime loss recoveries.
QUALIFICATIONS, EXPERIENCE AND COMPETENCIES REQUIRED:
- Bachelor’s Degree in Business related discipline.
- Certification in Fraud Examination.
- At least 3 years’ experience in financial crime investigation/prosecution or Internal Audit.
- Knowledge of banking, products, risks, and processes such that advice is as informed, appropriate, and relevant to business needs.
- Sufficient knowledge of the local laws, regulatory expectations, and internal policy requirements as they relate to financial crime risk.
- Good interviewing skills to enlist required information.
- Proficiency in Microsoft Word and Excel spreadsheets.
- Ability to collect, analyze, and evaluate information and the preparation of written concise reports of work performed plus recommendations.
- Ability to communicate clearly and effectively, both orally and in writing.
- Ability to foster cooperation and support of stakeholders.
- Possession of flexibility and ability to adapt appropriately to changing requirements and situations.
- Analytical and possession of an objective and probing
- Supervision must be minimal, so the person has to be tolerant and be able to stand the pressure from courts in regard to cases taken before courts of law.
- Ability to recommend refunds accurately.
- Ability to make the right call even if it displeases anyone or group of staff.
- High level of maturity, confidentiality, and objectivity.
- Excellent communications and engagement skills.
- Strong attention to detail and personal effectiveness.
- High-level of integrity and standards.
- Self-drive and initiative.
- Unafraid to take responsibility.
- Ability to work effectively with local contemporaries and peers in other clusters and regions to maintain a collaborative culture.
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 Wednesday 10th November 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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