Job Listing: Compliance Officer

Company: Yako Bank (U) Limited
Position: Compliance Officer
Type: Full-time
Location: Head Office, Kampala, Uganda
Application Deadline: 14th June 2024

Organization Overview

Yako Bank (U) Limited was incorporated in the Republic of Uganda in 2010 and licensed as a Credit Institution by the Bank of Uganda in 2020. It operates as a deposit-taking institution and provides savings and lending products to various clients. Yako Bank aims to ensure compliance with all applicable laws, regulations, and policies while supporting the achievement of profitability.

Job Summary

The Compliance Officer plays a crucial role in ensuring that Yako Bank adheres to all relevant legal and regulatory requirements. This involves monitoring the bank’s activities, identifying potential risks or compliance issues, implementing internal controls, providing guidance and training on compliance matters, and conducting internal audits. The Compliance Officer supports the achievement of profitability through effective management of departmental objectives.

Key Duties and Responsibilities

  • Support the identification of compliance obligations for each department and offer timely compliance review support.
  • Develop plans to address potential regulatory compliance risks and periodically review bank processes to identify weaknesses, escalating identified gaps to the Manager Compliance.
  • Establish the complete compliance scope for the bank based on applicable laws, regulations, policies, agreements, and standards guidelines.
  • Develop and deliver compliance risk training programs across the bank, preparing periodic reports to update business units and senior management on regulatory compliance exposures.
  • Conduct reviews of policies, guidelines, and procedures, implementing approved changes to rationalize procedures and improve internal control standards.
  • Develop, implement, and monitor the compliance agenda of the bank in line with laws, regulations, prudential standards, and internal policies and procedures.
  • Assist in acting as a Money Laundering Control Officer when needed and gradually establish a systematic approach to risk self-assessment factors and key risk indicator (KRI) data collection and analytics.
  • Develop in-house training modules for AML/CFT/CPF and KYC compliance, organizing various in-house trainings, and updating training modules in line with industry developments and changes in laws.

Qualifications, Skills, and Experience

  • Bachelor’s degree in law, business management, or a similar field.
  • Minimum of 2 years of hands-on experience as a compliance officer in a bank or financial institution, with exposure to frontline banking operations.
  • Strong knowledge of legal requirements and controls, excellent verbal and written communication skills, analytical skills, and risk management skills.
  • Ability to work well in a team environment with a highly developed sense of ethics.

How to Apply

Interested and qualified candidates should submit applications along with their CVs and academic documents online through The deadline for applications is Friday, 14th June 2024.

Yako Bank (U) Limited – Jobs in Uganda
Industry: Microfinance
Location: Kampala



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