UBA is an association of the 35 Members (24 licensed commercial banks, Uganda Development Bank, East African Development Bank) plus 9 supervised financial institutions under the Associate Membership Category. The secretariat that is situated at Plot 2702, Block 244 Nyangweso Road off Kironde Road, Tank Hill Muyenga in Kampala. The banks constitute the Governing Council and are represented by their Managing Directors or Chief Executive Officers.
The UBA Governing Council appoints an Executive Committee that is comprised of 4 CEO’s who oversee the Secretariat’s operations, programs and budget. The UBA secretariat has a full-time staff compliment which manages day to day operations under the leadership of the Executive Director.
UBA administers a number of committees and working groups that advises the Association on regulations and legislations that affect its members. The Committee are made up of representatives of member Banks.
Credit Reference Bureau Committee.
Monitor the general status of credit reference bureau services across the sector. This includes and not limited to discussing existing products and services and the related pricing, emerging issues, awareness campaigns and aligning CRBS with consumer protection.
Support the cheque truncation and the new automated clearing house.
To provide legal advisory services to Uganda Bankers Association (UBA). The Legal Committee (Committee) is established under the Authority of the UBA and is intended to work closely with the UBA and other stakeholders like Government entities. To this end, it has the authority to;
- Hold meetings and invite participation of external technocrats as and when they deem it necessary.
- Create working committees for the purpose executing of its duties.
- Liaise with UBA external counsel to provide legal advisory where deemed necessary.
- Conduct legal research and provide legal advisory services to UBA.
This committee reviews and give informed recommendations on the prudential guidelines for any credit related issues , industry responses required , standards and aspects that UBA members may wish to seek input, views and improvements.
Frauds and Forgeries Committee
Discussing fraud related risks and recommending actionable solutions to UBA.
- Act as technical committee to the UBA on Frauds and Forgeries.
- Provide a forum for sharing and analyzing frauds/forgeries experiences by member banks.
- Monitor trend of F & F in the banking industry and recommend safeguards to the UBA.
- Liaise with external parties e.g. Police CID and the Central Bank on F & F matters of interest to the UBA.
- Produce and run public awareness programs on bank fraud.
- Handle specific assignments by the UBA from time to time.
- Advise on various regulations, Anti Money Laundering Act, Financial Intelligence guidelines and other relevant regulations.
- Support establishment of uniform compliance standards across the member banks
- Facilitate discussions among member banks on non-competitive issues relating to banking operations with an aim of improving industry efficiency.
- Oversee payment systems and ensure operational efficiency and financial integrity are maintained.
- Coordinate industry efforts to contain fraud, Money Laundering, Robbery and other security related issues.
- To promote greater international cooperation within the framework at the foreign exchange dealing profession and similarly develop links of friendship and cordial relationship between foreign exchange and money market dealers.
- To promote technical skills and knowledge among dealers and to promote professional training and competence of new dealers.
- To seek any means to protect and improve the reputation and diginity of the foreign exchange and money market dealing profession.
- To take an active interest in the work and activities of ACI Uganda.
- To develop new techniques and best practices in providing foreign exchange and money markets products.
Cyber Security Committee
- Identify the key common cyber security challenges in the banking industry and effective ways of addressing them.
- Sharing knowledge on the cyber security incidents, trends, responses and lessons learned.
- Collaborating on cyber security initiatives such as capacity development and customer awareness.
- Establish a network of industry expertise that can be leveraged on as and when need arises to respond to emerging threats.
- Building shared local blacklist/fraudster database for early warning and detection with the intent of understanding, sharing data and managing crime.
- Collaborate on developing capacity to detect and mitigate cyber threats and vulnerabilities.
Digital Financial Services Committee
The committee’s mandate is to provide leadership, direction and advisory necessary to advance banking industry strategy, ensure continued growth with impact consistent with UBA’s mission.
The Committee’s mandate is to provide a platform for bank heads of security to share experiences and knowledge related to creating a safe and secure environment and safe guard of the bank and its operations.
Chief Finance Officers (CFO) Forum
The Committees mandate is to provide a platform and opportunity for Bank Chief Finance Officers and Heads of Finance to get together and exchange ideas/discuss issues related to Finance & Strategy in as far as member banks are concerned as well as professional growth and networking for finance officers in the banking sector.
HR Heads Committee
- Provide advisory & technical support to the Uganda Institute of Banking & Financial Services by way of generation of appropriate & more relevant capacity building programmes, course content, facilitators, training methodologies, collaborations and all manner of assistance to sharpen the delivery of the UIBFS mandate to the banking industry.
- To recommend and provide advisory meant to address people risk in the banking industry arising from indiscipline, fraud, confidentiality breaches among others and instead promote best practices as necessary to safeguard & accord banking the profile it deserves.
- To provide guidance on all policy & process issues that impact HR management in the banking sector.
- To remain abreast of developments, legislation and regulations affecting human resources in the banking industry.
- To build relevant & appropriate collaborations necessary to deliver the above mandate.