Compliance Officer Job at eLipa


Compliance Officer Job Post

Location:  Jobs in Uganda 2023 - 2024

Work Hours: Full-time, 08 hours per day

Salary: UGX

No. of vacancies: 01

Deadline: February 16 2024

Hiring Organization: eLipa

Job Details:

eLipa Background - eLipa is a leading payment processing services provider revolutionising the payment landscape in Africa. Based in Edebe, Mauritius, we offer secure and seamless payment solutions to business and individuals.

Job Description
Position: Compliance Officer
Reports to: Managing Director

Job Purpose
The Compliance Officer will play a critical role in Purpose ensuring the company's adherence to regulatory requirements and ethical standards in Uganda. The responsibilities will involve developing and implementing compliance policies, monitoring regulatory changes, conducting audits, and collaborating with various teams to maintain a culture of compliance within the organization

• Stay up to date with relevant financial and fintech regulations in Uganda and ensure the company's compliance with all applicable laws, rules, and regulations related to the financial industry, law governing Payment Services Providers in Uganda, Data protection, anti-money laundering (AML) Know Your Customer (KYC) regulations, and any other relevant regulations.
• Serve as the primary point of contact for regulatory authorities in Uganda, maintaining positive relationships and addressing any compliance inquiries or requests. Develop and implement comprehensive compliance policies, procedures, and guidelines tailored to the company's fintech activities in Uganda Conduct internal compliance audits to assess the effectiveness of the company's compliance programs and identify areas for improvement.

• Train and educate staff so that they are informed of any legal changes and updates to compliance guidelines. Prepare and submit accurate and timely compliance reports to regulatory authorities, as per their requirements.

• Develop a Risk Management Framework and continuously assess and evaluate risks and identify mitigation strategies to safeguard the company's operations. Develop and ensure implementation of a compliance plan to ensure all aspects of the company's operations are in line with relevant regulations

• Provide guidance and support in managing and addressing compliance-related incidents or breaches. Regularly review and update internal policies and procedures to reflect changes in regulations or industry best practices.

• Responsible for contract management: drafting standard contracts and specialized contracts, review and negotiate contracts and ensuring such documents and third-party contracts are properly and promptly executed.
• Maintain proper coordination between the legal function and other user departments with respect to contracting with suppliers, vendors and third parties

Minimum Required Qualifications and Experience
• Bachelor's degree in a relevant field (finance, law business)
• Proven experience as a Compliance Officer or in a similar compliance role in the fintech or financial services industry

• In-depth knowledge of relevant fintech and financial regulations and compliance best practices in Uganda Excellent communication and relationship-building abilities
• Strong analytical and problem-solving skills with
• attention to detail
• Must possess a valid CRB Certificate or Report from a recognised Credit Reference institution
• Familiarity with AML/CFT regulations and practices is an advantage

Skills and Competencies
• A strong understanding of financial and fintech regulations in Uganda, including anti-money laundering (AML) data protection, and consumer protection laws. Demonstrated commitment to maintaining the highest ethical standards and promoting a culture of integrity within the organization.
• Ability to analyse complex regulatory issues, identity potential compliance risks, and develop effective risk mitigation strategies.

• Ability to collaborate and work closely with cross- functional teams, including legal, risk management, and technology teams, to address compliance issues and implement solutions.
• Ability to adapt to changes in regulatory requirements and industry best practices, ensuring the company remains compliant in a dynamic environment. Proficiency in preparing accurate and timely compliance reports and maintaining comprehensive documentation of compliance activities.
• The ability to critically evaluate compliance processes and systems, identify areas for improvement, and implement enhancements.

• Strong interpersonal skills to build positive relationships with regulatory authorities, clients, and other stakeholders in the fintech sector.
• Experience having worked in a Pan African context will be an added advantage

Application procedure
Our payment options integrate mobile money, mobile banking and direct bank debit systems. Submission address - Submission deadline will be 16th February 2024.

Date Posted: 2023-02-11





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