Yako Bank Seeks Compliance Officer to Oversee Financial Institution’s Operations

Job Summary

Yako Bank (U) Limited, a licensed credit institution by the Bank of Uganda, is seeking a highly qualified Compliance Officer to ensure that its operations are compliant with all applicable laws, regulations, and policies.

Responsibilities

The successful candidate will be responsible for:

• Monitoring the bank’s activities and identifying potential risks or compliance issues
• Taking corrective action to maintain regulatory compliance
• Implementing internal controls and providing guidance and training on compliance matters
• Conducting internal audits to ensure the bank meets its compliance obligations
• Developing plans to address potential regulatory compliance risks
• Conducting regular reviews of the bank’s processes to identify weaknesses in regulatory compliance

Key Responsibilities

The Compliance Officer will also be responsible for:

• Preparing periodic reports and conducting reviews of policies and procedures
• Developing and implementing a compliance agenda
• Supporting the head of the department as a Money Laundering Control Officer when needed
• Establishing a systematic approach to risk assessment
• Developing in-house training modules on anti-money laundering (AML), combating the financing of terrorism (CFT), and combating the proliferation of weapons of mass destruction (CPF) compliance

Requirements

To be considered for this role, applicants must:

• Have a minimum of a Bachelor’s degree in law, business management or a related field
• Have at least two years of hands-on experience as a compliance officer in a bank or financial institution
• Possess strong knowledge of legal requirements and controls
• Demonstrate excellent analytical and risk management skills
• Be able to work well in a team environment

How to Apply

The deadline for applications is Friday, June 14th, 2024. Interested candidates should submit their CVs and academic documents online through [email protected].