UBA is an umbrella organization of 34 Members (All 23 licensed Commercial Banks + Uganda Development Bank+ East African Development Bank, and African Export – Import Bank) plus 8 supervised financial institutions under the Associate Membership Category. The UBA secretariat is situated at Plot 2702, Block 244 Nyangweso Road off Kironde Road, Tank Hill Muyenga in Kampala. The member SFIs 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 8 member CEOs 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 several committees and working groups that advise the Association on regulations and legislations that affect its members. The Committees are made up of representatives of member SFIs.
Credit Reference Bureau Committee.
The committee monitors the general status of credit reference bureau services across the sector. This among others includes discussing existing products and services and the related pricing, emerging issues, awareness campaigns and aligning CRBS with consumer protection.
Clearing Committee
The clearing committee supports the cheque truncation and the automated clearing house.
Legal Committee
The Legal committee provides legal advisory services to Uganda Bankers’ Association. The committee also provides a forum for UBA member financial institutions to discuss legal issues and their impact on the financial sector and propose ways in which they can mitigate the impact on the sector as well as on individual member institutions.
The roles and responsibilities of the Legal Committee are:
- To identify, anticipate and discuss legal issues that may arise in the Banking industry and to make recommendations to UBA, the principal decision-making body on how to practically address these issues.
- To contribute to and /or guide the development of new or revised policies and procedures on legal issues relevant to Banks and initiate amendments on unfavorable laws.
- To provide legal advice to UBA on actions and best practices to address legal issues pertaining to the Banking Sector.
- With the approval of UBA, lobby, contribute and guide legislators and/or government entities to bring about changes in laws and policy that promote the interests of UBA members.
- To contribute to the advancement of legal knowledge and to disseminate this knowledge among members of UBA.
Credit Committee
This committee reviews and makes 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
The committee
- Acts as a technical committee to the UBA on fraud and forgeries
- Provides a forum for sharing and analyzing fraud and forgeries experiences by member banks.
- Monitors trends of fraud and forgeries in the industry and recommends safeguards to the UBA
- Liaise with external parties e.g., CID and the Central Bank on fraud and forgeries matters of interest to the UBA
- Produce and run public awareness programs on bank and financial services fraud
- Handles specific assignments by the UBA from time to time.
Compliance Committee
The Committee
- Advises on various laws and regulations including but not limited to the Anti Money Laundering Act, Financial Intelligence Act and their respective guidelines
- Supports establishment of uniform compliance standards across UBA member SFIs.
Operations Committee
The committee
- Facilitates discussions among member financial institutions on non-competitive issues relating to banking operations with an aim of improving industry efficiency
- Oversees payment systems and ensures operational efficiency and financial integrity are maintained.
- Coordinates industry efforts to contain fraud, money Laundering, robbery and other security related issues.
Treasurers Forum
The committee helps;
- To seek any means to protect and improve the reputation and dignity of the foreign exchange and money market dealing profession
- To take an active interest in the work and activities of ACI Uganda.
- To devise new techniques and best practices in providing foreign exchange and money markets products.
- 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.
Cyber Security Committee
The committee
- Identifies common cyber security challenges in the banking industry and recommends effective ways to address them
- Shares knowledge on cyber security incidents, trends, responses, and lessons learned
- Drives and champions collaboration on cyber security initiatives such as capacity building, development, and customer awareness
- Establishes networks of industry experts that are leveraged on as and when the need arises to respond to emerging issues and threats
- Collaborates on developing capacity to detect and mitigate cyber threats and vulnerabilities.
Digital Financial Services Committee
The mandate of the Digital Financial Services Committee is to provide leadership, direction and advisory necessary to advance the banking industry strategy, ensure continued growth with impact consistent with UBA’s mission.
Security Committee
The mandate of the security committee is to provide a platform for bank heads of security to share experiences and knowledge related to creating a safe and secure environment and safeguard of the bank and its operations.
Chief Finance Officers (CFO) Forum
The mandate of the Chief Finance Officers’ committee is to provide a platform for CFOs and Heads of Finance to get convene and share ideas/discuss issues related to Finance & Strategy in as far as member financial institutions are concerned as well as professional growth and networking.
HR Heads Committee
The HR committee
- Provides advisory & technical support to the Uganda Institute of Banking & Financial Services by way of generation of appropriate and more relevant capacity building programmes, course content, facilitators, training methodologies and all manner of assistance to sharpen the delivery of the UIBFS mandate to the banking industry
- Recommends and provides advisory to address people risk in the banking industry arising from indiscipline, fraud, confidentiality breaches among others and instead promotes best practices necessary to safeguard and accord banking the profile it deserves.
- Provides guidance on all policy & process issues that impact HR management in the banking sector
- Keeps track of developments, legislation and regulations affecting human resources in the banking industry
- Builds and cultivates relevant and appropriate collaborations necessary to deliver the above mandate.