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About the Organisation
Yako Bank (U) Limited is a financial institution incorporated in Uganda in 2010. Initially licensed as a credit institution by the Bank of Uganda in 2020, Yako Bank began operations in 2015 under the name Yako Microfinance (U) Limited. It later upgraded to a Credit Institution, operating under the current name. The bank is owned by various shareholders and is licensed to provide savings and lending products to a diverse client base across Uganda.
Manager Compliance / Money Laundering Control Officer job at Yako Bank (U) Limited | Apply Now
Kampala, Uganda
Yako Bank (U) Limited is a forward-thinking financial institution with a mission to provide accessible, innovative, and customer-centric banking solutions that promote financial inclusion across Uganda. Established with a strong focus on offering personalized banking services, Yako Bank has quickly gained recognition for its commitment to excellence and the delivery of reliable financial products.
The bank values a collaborative and inclusive work culture, prioritizing professional development, diversity, and work-life balance for its employees, which is reflected in its employee value proposition. The bank offers a variety of job opportunities, including roles in customer service, finance, IT, and operations, and provides flexible work arrangements to ensure a supportive work environment.
Since its founding, Yako Bank has continually evolved to adapt to the needs of the modern banking market, leveraging technological innovations such as mobile banking, digital payments, and online account management to better serve its customers. With an expanding presence, Yako Bank has been instrumental in contributing to financial empowerment for individuals, businesses, and communities. The bank operates with a core set of values centered around trust, integrity, customer focus, and social responsibility.
Its corporate social responsibility initiatives focus on education, healthcare, and environmental sustainability, reflecting its commitment to making a positive impact. Yako Bank's official website offers further insights into its products, services, and community outreach efforts.
Are you looking for Banking jobs in Uganda 2025 today? then you might be interested in Manager Compliance / Money Laundering Control Officer job at Yako Bank (U) Limited
Full Time
Deadline:
5 Apr 2025
Job Title
Manager Compliance / Money Laundering Control Officer job at Yako Bank (U) Limited
Yako Bank (U) Limited
Job Description
The position entails leading the Compliance Department and managing the Bank's compliance with internal policies and external regulations. Responsibilities include developing and maintaining the compliance framework, overseeing AML/CFT programs, conducting training, and reporting to the Board and regulatory authorities. The role also includes compliance risk assessment, management of compliance programs across branches, and ensuring timely submission of regulatory reports.
Duties, Roles and Responsibilities
Qualifications, Education and Competencies
See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.
Qualified candidates should address their applications to the Human Resource & Administration Manager, Yako Bank, Forest Mall Lugogo, Kampala, Uganda. Applications should be emailed to hr@yakobank.com and must include:
An application letter
A CV with telephone contacts and email addresses of three referees (including your most recent employer)
Photocopies of academic testimonials
Note: Only shortlisted candidates will be contacted via 0312 222600 or 0414 341275. No job offers will be made online.
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How to Apply
Monitor compliance with internal policies and procedures.
Organize training on compliance and business ethics.
Report on governance and corporate disclosures.
Guide on and ensure adherence to new regulatory changes.
Manage compliance alerts and whistleblower investigations.
Ensure all policies and manuals are up to date.
Plan and execute compliance programs across branches.
Keep senior management and the Board informed on compliance issues and developments.
Conduct compliance risk assessments and develop action plans.
Test and monitor compliance performance regularly.
Lead the bank’s AML/CFT/CPF efforts and maintain compliance with all related regulations.
Train and mentor staff on statutory, internal, and industry compliance.
Ensure submission of accurate and timely reports to BOU, FIA, URA, NSSF, etc.
Act as the central contact for all compliance matters within the Bank.
Lead audits and inspections in line with compliance functions.
Advise senior management on relevant legal and regulatory matters.
Prepare and present periodic compliance reports.
Coordinate regulatory examinations and maintain relationships with regulators.
Support internal team performance by offering technical guidance and feedback.
Develop compliance assessments and monitoring tools.
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A Bachelor’s degree from a recognized university in a relevant field.
Postgraduate qualification is an added advantage.
Minimum of 10 years’ experience in the banking/financial sector, with at least 5 years in Audit, Finance, Compliance, Legal, or Risk Management at a senior level.
In-depth knowledge of banking operations and financial institution regulations.
Understanding of KYC and AML/CFT requirements.
Clean compliance record with no pending vigilance cases or adverse observations.
Strong interpersonal and communication skills.
Analytical thinking and attention to detail.
Strong problem-solving, time management, and multitasking abilities.
Proficiency in relevant computer applications.
Excellent teamwork and leadership capabilities.
