Deadline of this Job: 04 November 2022
JOB DETAILS:
Job Purpose: The Head of Compliance is responsible for planning, developing, implementing and monitoring compliance risk management strategies for the bank in line with national laws, Bank of Uganda regulations/ guidelines and the bank’s policies and procedures.
Key result areas:
• Develop, implement and monitor the banks compliance framework and ensure that all bank operating procedures meet the compliance requirements as defined by the regulator and bank policies/procedures.
• Prepare and present bank-wide compliance report to EXCO indicating business enhancements/ recommendations.
• Monitor transactions for adherence to anti-money laundering laws and report all non-compliant or suspicious transactions to EXCO and FIA.
• Champion the compliance program to guide overall institutional compliance.
• Conduct periodical compliance assessment audits.
• Undertake regular account reviews on accounts of PEP (Politically Exposed Persons) and transaction checks on a monthly basis in line with AML Regulations 2015 and Anti Money Laundering Act 2013. In this regard the Compliance Manager shall be the Money Laundering Control Officer of the Bank.
• Liaise with regulatory bodies and other financial institutions regarding the relationship we hold with them.
• Coordinate and communicate updates of the bank’s policies and procedures to reflect changes in the regulatory requirements and bank standards.
• Review of the draft updated policies to ensure they reflect changes in the regulatory framework and bank’s business plan.
• Train staff on matters relating to compliance covering general bank standards and regulatory requirements
• Manage the performance of the Compliance team ensuring that each team member has plans and targets in place and is delivering; take appropriate corrective action as required
Qualification and Skills
• Masters Degree in a related field is an added advantage.
• Bachelor’s degree in business or law.
• 5 years’ experience working in the banking sector with at least 2 years’ experience at supervisory or managerial level.
• Relevant experience in a compliance related field is an added advantage.
• Leadership, strong negotiating and excellent communication skills.
Opportunity Bank is an equal opportunities employer. All qualified candidates are encouraged to apply, regardless of disability, gender, marital status, religion and ethnicity.
Deadline of this Job: 04 November 2022
JOB DETAILS:
Job role
• To provide financial and grants management support, monitoring and coordination of project activities within the framework of AAU/AAI and ensuring all policies and procedures, donor regulations, accounting standards and local laws are complied with.
Key Result Areas
• Coordinate the financial planning and budgeting for project(s) in line with AAU/AAI and Donor requirements
• Coordinate the financial planning and budgeting for project(s) in line with AAU/AAI and Donor requirements
• Provide technical support to partners and staff in project fundraising, donor fund management.
• Ensure timely and accurate financial donor reports are prepared in line with donor requirement, AAI/AAU policies and procedures
• Prepare and attend to the needs of projects internal and external auditors and implement recommendations in line with FPM
• Support the implementation of an internal control system to maintain the financial integrity and compliance with AAU policies, procedures, national laws and donor requirements
• Support the implementation of an internal control system to maintain the financial integrity and compliance with AAU policies, procedures, national laws and donor requirements
• Provide support and guidance to grants and contracts management to ensure adherence to AAl requirements
• Supervise, motivate, appraise staff and build capacity of staff and partners in line with Human Resource Plan (HRP) and other Organizational policies
• Supervise, motivate, appraise staff and build capacity of staff and partners in line with Human Resource Plan (HRP) and other Organizational policies
Person Specifications Qualifications:
• A Bachelor's Degree in Commerce, Business Administration, Financial Management or Accounting from a recognized University.
• Professional Accounting qualifications, CPA or ACCA is a MUST.
Experience:
• At least four years of relevant work experience two of which should have been in Grants and contract management preferably at the managerial level in a reputable organization.
Competencies:
• Contract and Grants Management, Budgeting and budgetary control, Communication and negotiation skills, Interpersonal skills, Computerised Accounting Skills, Transformative, feminist leadership skills, Analytical skills, Ability to establish critical working relationships, Ability to promote and safeguard AAU policies
Business Analyst/ Finance Business Partner job at dfcu Bank
JOB DETAILS:
Job role
• To provide financial and grants management support, monitoring and coordination of project activities within the framework of AAU/AAI and ensuring all policies and procedures, donor regulations, accounting standards and local laws are complied with.
Key Result Areas
• Coordinate the financial planning and budgeting for project(s) in line with AAU/AAI and Donor requirements
• Coordinate the financial planning and budgeting for project(s) in line with AAU/AAI and Donor requirements
• Provide technical support to partners and staff in project fundraising, donor fund management.
• Ensure timely and accurate financial donor reports are prepared in line with donor requirement, AAI/AAU policies and procedures
• Prepare and attend to the needs of projects internal and external auditors and implement recommendations in line with FPM
• Support the implementation of an internal control system to maintain the financial integrity and compliance with AAU policies, procedures, national laws and donor requirements
• Support the implementation of an internal control system to maintain the financial integrity and compliance with AAU policies, procedures, national laws and donor requirements
• Provide support and guidance to grants and contracts management to ensure adherence to AAl requirements
• Supervise, motivate, appraise staff and build capacity of staff and partners in line with Human Resource Plan (HRP) and other Organizational policies
• Supervise, motivate, appraise staff and build capacity of staff and partners in line with Human Resource Plan (HRP) and other Organizational policies
Person Specifications Qualifications:
• A Bachelor's Degree in Commerce, Business Administration, Financial Management or Accounting from a recognized University.
• Professional Accounting qualifications, CPA or ACCA is a MUST.
Experience:
• At least four years of relevant work experience two of which should have been in Grants and contract management preferably at the managerial level in a reputable organization.
Competencies:
• Contract and Grants Management, Budgeting and budgetary control, Communication and negotiation skills, Interpersonal skills, Computerised Accounting Skills, Transformative, feminist leadership skills, Analytical skills, Ability to establish critical working relationships, Ability to promote and safeguard AAU policies
Deadline of this Job: 26 October 2022
JOB DETAILS:
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 for the position of Business Analyst/ Finance Business Partner in the Finance (CFO) Domain to support our expansion strategy.
REPORTING TO: Head- Financial Planning & Analysis
JOB PURPOSE: Reporting to Head- Financial Planning & Analysis, the role holder will be responsible for supporting the business in appropriate and timely decision making through the execution of appropriate mechanisms to deliver consistent financial planning, forecasting, analysis, and timely management reporting.
The role holder will also liaise with the business on a day-to-day basis through the provision of guidance on financial reporting issues.
KEY ACCOUNTABILITIES:
• Interpreting, explaining, reporting on, and supporting performance drives within the businesses in line with the bank’s overall strategy.
• Manage the business performance reporting of the assigned function to support delivery of financial targets.
• Analyze and provide monthly detailed analysis of actual achievements against targets both at individual (branch managers/relationship managers) and segment levels.
• Support the business in the preparation of dashboards and reports for business units, Channels, Products, Scenario Analysis, transfer pricing, etc. including profitability analysis.
• Provide regular industry analysis as well as ad hoc analysis and insights on specific areas of business by conducting market research.
• Support the bank-wide budgeting and forecasting processes through collation of information, consolidation of budgets and challenging the business on key assumptions.
• Maintain constant dialogue with supported domains to ensure maximum benefit from management and business intelligence reports.
• Carry out Revenue Assurance for the assigned function on a monthly basis to ensure income leakage is mitigated.
• Focus on NFI through close monitoring of activity fees vs customer numbers / transaction volumes to ensure all non-interest income is correctly captured and charged.
• Review business cases for financial feasibility, including new products, new channels other CAPEX investments and cost reduction initiatives.
• Undertake post-investment reviews to assess the realization of expected benefits and unlocking of value.
• Perform financial feasibility analysis and post-campaign review for business campaigns to drive value for money.
QUALIFICATIONS, EXPERIENCE AND COMPETENCIES REQUIRED:
• Bachelor’s Degree in Statistics, Accounting or Finance.
• Partly qualified in accounting profession with a recognized institute (ACCA, CPA, CIMA).
• Financial modelling certification is an added advantage.
• Business Intelligence certification is an added advantage.
• 3 years’ experience in similar field.
• Industry knowledge – of the financial services sector.
• Intermediate knowledge of IFRS & GAAP.
• Knowledge of SQL.
• Knowledge of data visualization tools such as Power Bi, Tableau, etc.
• Fluency in spoken & written English.
• Good computer literacy with excellent use MS Office.
• Strong analytical and numeracy skills.
• Good communication, negotiation, and interpersonal skills
• Good stakeholder management skills.
• Proactive self-starter able to work under own initiative.
• Teamwork and Collaboration.
• Candor (transparency).
JOB DETAILS:
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 for the position of Business Analyst/ Finance Business Partner in the Finance (CFO) Domain to support our expansion strategy.
REPORTING TO: Head- Financial Planning & Analysis
JOB PURPOSE: Reporting to Head- Financial Planning & Analysis, the role holder will be responsible for supporting the business in appropriate and timely decision making through the execution of appropriate mechanisms to deliver consistent financial planning, forecasting, analysis, and timely management reporting.
The role holder will also liaise with the business on a day-to-day basis through the provision of guidance on financial reporting issues.
KEY ACCOUNTABILITIES:
• Interpreting, explaining, reporting on, and supporting performance drives within the businesses in line with the bank’s overall strategy.
• Manage the business performance reporting of the assigned function to support delivery of financial targets.
• Analyze and provide monthly detailed analysis of actual achievements against targets both at individual (branch managers/relationship managers) and segment levels.
• Support the business in the preparation of dashboards and reports for business units, Channels, Products, Scenario Analysis, transfer pricing, etc. including profitability analysis.
• Provide regular industry analysis as well as ad hoc analysis and insights on specific areas of business by conducting market research.
• Support the bank-wide budgeting and forecasting processes through collation of information, consolidation of budgets and challenging the business on key assumptions.
• Maintain constant dialogue with supported domains to ensure maximum benefit from management and business intelligence reports.
• Carry out Revenue Assurance for the assigned function on a monthly basis to ensure income leakage is mitigated.
• Focus on NFI through close monitoring of activity fees vs customer numbers / transaction volumes to ensure all non-interest income is correctly captured and charged.
• Review business cases for financial feasibility, including new products, new channels other CAPEX investments and cost reduction initiatives.
• Undertake post-investment reviews to assess the realization of expected benefits and unlocking of value.
• Perform financial feasibility analysis and post-campaign review for business campaigns to drive value for money.
QUALIFICATIONS, EXPERIENCE AND COMPETENCIES REQUIRED:
• Bachelor’s Degree in Statistics, Accounting or Finance.
• Partly qualified in accounting profession with a recognized institute (ACCA, CPA, CIMA).
• Financial modelling certification is an added advantage.
• Business Intelligence certification is an added advantage.
• 3 years’ experience in similar field.
• Industry knowledge – of the financial services sector.
• Intermediate knowledge of IFRS & GAAP.
• Knowledge of SQL.
• Knowledge of data visualization tools such as Power Bi, Tableau, etc.
• Fluency in spoken & written English.
• Good computer literacy with excellent use MS Office.
• Strong analytical and numeracy skills.
• Good communication, negotiation, and interpersonal skills
• Good stakeholder management skills.
• Proactive self-starter able to work under own initiative.
• Teamwork and Collaboration.
• Candor (transparency).
Deadline of this Job: 26 October 2022
JOB DETAILS:
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 for the respective position of Manager- Credit Control in the Operations (COO) Domain to support our expansion strategy.
REPORTING TO: Head- Credit Control & Documentation
JOB PURPOSE: Reporting to the Head- Credit Control & Documentation, the role holder will be responsible for supervising the team charged with Drafting of Loan documents (Offer Letters, Mortgage Deeds, Facility Agreements, Lease Agreements, Investments Agreements, Secured personal and unsecured, car loans and asset financing for both standard.
The role holder will prepare the loan documents for non-standardized deals with unique features prepare all contracts relating to the Bank’s Corporate, Business Banking and other Borrowing Customers with non-standardized deals that involve unique terms and conditions with huge exposures in a language that can easily be understood by either parties in compliance with all legal, financial and credit requirements to protect the Bank from any loopholes arising from poor documentation) and in case of default, such contracts must be enforceable in the Courts of law, set out all terms and conditions under which the Bank is willing to make available to the Customer the approved credit facility and providing advisory services to the Bank’s business units.
KEY ACCOUNTABILITIES:
• Supervision of the Credit Control team.
• Preparation of loan documents for Corporate Banking and Business Banking borrowing customers in line with the Bank’s Approved Standard Formats.
• Preparation of documents for non-standardized deals that involve unique terms and conditions with huge exposures in line with SLA.
• Ensure such Contracts are watertight and enforceable in Courts of law in case of default.
• Proofread and advise on standardized documents prepared by the Bank’s Legal department and external Lawyers for accuracy and completeness.
• Offer advisory services to the Bank’s business units on all legal related issues on the different credit files as presented for preparation of credit agreements; and as and when approached.
• Conduct regular security reviews, reconciling the physical security positions as reported by the Documentation team and tracking delays, renewals, and releases.
• Conduct periodical sensitivity and confirmation checks of validity of securities for deteriorating BB/CB credit facilities.
QUALIFICATIONS, EXPERIENCE AND COMPETENCIES REQUIRED:
• Law Degree from a reputable learning institution.
• Postgraduate Diploma in Legal Practice from Law Development Center (LDC).
• In-depth knowledge of the principles governing Banking & Corporate Law, Land Law, Mortgages and Leasing, among others.
• Effective communication, good interpersonal and research skills.
• Self-motivation, result orientation with ability to make appropriate decisions as and when required.
• Administration or any other related field in credit administration.
• Two years’ experience in drafting credit agreements in a reputable financial institution or legal firm.
• Excellent understanding of operations of all Bank products.
• Attention to details.
• Independence and with good judgement of task.
• Ability to deliver quality output within tight deadlines.
JOB DETAILS:
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 for the respective position of Manager- Credit Control in the Operations (COO) Domain to support our expansion strategy.
REPORTING TO: Head- Credit Control & Documentation
JOB PURPOSE: Reporting to the Head- Credit Control & Documentation, the role holder will be responsible for supervising the team charged with Drafting of Loan documents (Offer Letters, Mortgage Deeds, Facility Agreements, Lease Agreements, Investments Agreements, Secured personal and unsecured, car loans and asset financing for both standard.
The role holder will prepare the loan documents for non-standardized deals with unique features prepare all contracts relating to the Bank’s Corporate, Business Banking and other Borrowing Customers with non-standardized deals that involve unique terms and conditions with huge exposures in a language that can easily be understood by either parties in compliance with all legal, financial and credit requirements to protect the Bank from any loopholes arising from poor documentation) and in case of default, such contracts must be enforceable in the Courts of law, set out all terms and conditions under which the Bank is willing to make available to the Customer the approved credit facility and providing advisory services to the Bank’s business units.
KEY ACCOUNTABILITIES:
• Supervision of the Credit Control team.
• Preparation of loan documents for Corporate Banking and Business Banking borrowing customers in line with the Bank’s Approved Standard Formats.
• Preparation of documents for non-standardized deals that involve unique terms and conditions with huge exposures in line with SLA.
• Ensure such Contracts are watertight and enforceable in Courts of law in case of default.
• Proofread and advise on standardized documents prepared by the Bank’s Legal department and external Lawyers for accuracy and completeness.
• Offer advisory services to the Bank’s business units on all legal related issues on the different credit files as presented for preparation of credit agreements; and as and when approached.
• Conduct regular security reviews, reconciling the physical security positions as reported by the Documentation team and tracking delays, renewals, and releases.
• Conduct periodical sensitivity and confirmation checks of validity of securities for deteriorating BB/CB credit facilities.
QUALIFICATIONS, EXPERIENCE AND COMPETENCIES REQUIRED:
• Law Degree from a reputable learning institution.
• Postgraduate Diploma in Legal Practice from Law Development Center (LDC).
• In-depth knowledge of the principles governing Banking & Corporate Law, Land Law, Mortgages and Leasing, among others.
• Effective communication, good interpersonal and research skills.
• Self-motivation, result orientation with ability to make appropriate decisions as and when required.
• Administration or any other related field in credit administration.
• Two years’ experience in drafting credit agreements in a reputable financial institution or legal firm.
• Excellent understanding of operations of all Bank products.
• Attention to details.
• Independence and with good judgement of task.
• Ability to deliver quality output within tight deadlines.
Deadline of this Job: 28 October 2022
JOB DETAILS:
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 for the position of Manager- Recoveries in the CEO Domain to support our expansion strategy.
REPORTING TO: Senior Manager- Special Assets Management
JOB PURPOSE: Reporting to Senior Manager- Special Assets Management, the role holder will be responsible for managing and working with a team of staff to minimize credit losses by constantly improving the collections on NPLs and, recoveries on the write-off portfolio consisting of customers ranging from small owner managed business and individuals, through to large corporate companies, in line with bank laid down processes, policies and procedures.
The role holder in addition manages the team that handles any portfolios where we act as a collector for example GTB managed Book or any other specialized assets like Bad Bank.
KEY ACCOUNTABILITIES:
• Lead and provide direction to the recoveries team to achieve set targets.
• Constantly review the recoveries structure, systems, and controls, ensuring that all the required functions are adequately and timeously addressed. To manage and control recovery strategies and campaigns within the NPL and write-off portfolio with the aim of maximizing collection effectiveness and efficiency.
• Identify, understand, and navigate through a high variety of potential complex financial structures to establish respective party’s liability and pursue multiple repayment solutions accordingly.
• Analyze financial information from a variety of sources (Bank systems, own due diligence, customer financial statements, etc.) and apply judgment to this information to formulate appropriate strategies with each customer.
• Interact with the credit sanctioning team and Internal Credit Committee to manage cases and providing clear and thorough rationale for the decision sought.
• Ensure timely referral to Legal when turnaround of a nonperforming account is not possible and ensure foreclosure and/or recovery actions are done in the most cost-effective manner to minimize losses & ensure that there is no negative publicity (reputational risk).
• Provide timely, relevant & accurate reporting and analysis of collection/recovery results against historical & projected goals to the Bank’s management team on a regular basis.
• Instruction of agents, outsourcing to a debt collection agency, consideration of litigation action in liaison with the legal department, agreeing level of repayment/settlement and as a consequence Bank loss all fall within discretion.
• To manage this portfolio of non-performing accounts in line with external regulatory expectations, the Bank’s policies, and procedures. At all times operate within recoveries foreclosure procedures and policies, the Bank’s wider policies and within the external regulatory environment
QUALIFICATIONS, EXPERIENCE AND COMPETENCIES REQUIRED:
• Bachelor’s Degree in Economics, Statistics, Commerce, Business Administration or equivalent.
• Atleast 7 years’ experience in a Financial Institution with at least 4 years in Corporate Collections and bad debt management.
• Credit and Financial analysis skills & high degree of attention to detail.
• Leadership, management & team building skills.
• Decision making skills and results oriented.
• Good knowledge of the Bank’s service standards including the complaint handling procedures and Financial Consumer Protection Guidelines.
• Possess excellent interpersonal, written, and oral communication skills.
• Possess excellent negotiation skills with a commercial focus.
• Self-driven and ability to work under minimum supervision.
• Awareness of business issues & current economic events.
• Thorough knowledge of FIA/IFRS guidelines & regulations on asset quality.
• Good knowledge of the local legal system/framework, corporate finance, insolvency law and security issues.
• Dispute resolution; ability to resolve contentious issues.
• Ability to exercise the highest level of responsibility and confidentiality.
JOB DETAILS:
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 for the position of Manager- Recoveries in the CEO Domain to support our expansion strategy.
REPORTING TO: Senior Manager- Special Assets Management
JOB PURPOSE: Reporting to Senior Manager- Special Assets Management, the role holder will be responsible for managing and working with a team of staff to minimize credit losses by constantly improving the collections on NPLs and, recoveries on the write-off portfolio consisting of customers ranging from small owner managed business and individuals, through to large corporate companies, in line with bank laid down processes, policies and procedures.
The role holder in addition manages the team that handles any portfolios where we act as a collector for example GTB managed Book or any other specialized assets like Bad Bank.
KEY ACCOUNTABILITIES:
• Lead and provide direction to the recoveries team to achieve set targets.
• Constantly review the recoveries structure, systems, and controls, ensuring that all the required functions are adequately and timeously addressed. To manage and control recovery strategies and campaigns within the NPL and write-off portfolio with the aim of maximizing collection effectiveness and efficiency.
• Identify, understand, and navigate through a high variety of potential complex financial structures to establish respective party’s liability and pursue multiple repayment solutions accordingly.
• Analyze financial information from a variety of sources (Bank systems, own due diligence, customer financial statements, etc.) and apply judgment to this information to formulate appropriate strategies with each customer.
• Interact with the credit sanctioning team and Internal Credit Committee to manage cases and providing clear and thorough rationale for the decision sought.
• Ensure timely referral to Legal when turnaround of a nonperforming account is not possible and ensure foreclosure and/or recovery actions are done in the most cost-effective manner to minimize losses & ensure that there is no negative publicity (reputational risk).
• Provide timely, relevant & accurate reporting and analysis of collection/recovery results against historical & projected goals to the Bank’s management team on a regular basis.
• Instruction of agents, outsourcing to a debt collection agency, consideration of litigation action in liaison with the legal department, agreeing level of repayment/settlement and as a consequence Bank loss all fall within discretion.
• To manage this portfolio of non-performing accounts in line with external regulatory expectations, the Bank’s policies, and procedures. At all times operate within recoveries foreclosure procedures and policies, the Bank’s wider policies and within the external regulatory environment
QUALIFICATIONS, EXPERIENCE AND COMPETENCIES REQUIRED:
• Bachelor’s Degree in Economics, Statistics, Commerce, Business Administration or equivalent.
• Atleast 7 years’ experience in a Financial Institution with at least 4 years in Corporate Collections and bad debt management.
• Credit and Financial analysis skills & high degree of attention to detail.
• Leadership, management & team building skills.
• Decision making skills and results oriented.
• Good knowledge of the Bank’s service standards including the complaint handling procedures and Financial Consumer Protection Guidelines.
• Possess excellent interpersonal, written, and oral communication skills.
• Possess excellent negotiation skills with a commercial focus.
• Self-driven and ability to work under minimum supervision.
• Awareness of business issues & current economic events.
• Thorough knowledge of FIA/IFRS guidelines & regulations on asset quality.
• Good knowledge of the local legal system/framework, corporate finance, insolvency law and security issues.
• Dispute resolution; ability to resolve contentious issues.
• Ability to exercise the highest level of responsibility and confidentiality.