Job Description

Yako Bank (U) Limited was incorporated in 2010 and licensed as a Credit Institution by Bank. Yako Bank is
owned by different shareholders and was licensed by Bank of Uganda to provide savings and lending products
to different clients.
In order to meet the needs of its growing customer base, the Bank is seeking to recruit dynamic, self-motivated,
result oriented professionals to fill the following position; –

1. Manager Compliance/ Money Laundering Control Officer
This position reports directly to the Managing Director and it will be based at Head Office.
Role of the Job:
The overall responsibility of Manager Compliance is to assist the bank in identifying, assessing, monitoring and
reporting on, compliance risk in matters relating to the bank, its operations and personal conduct.
Additionally, the head of compliance shall be responsible for reporting to the Financial Intelligence Authority
all matters related to money laundering and combating financing of terrorism in accordance with Anti Money
laundering Act 2013.
Key Result Areas:
❖ Monitoring compliance with the internal policies, procedures and guidelines relating to compliance,
including testing and checking the functionality, efficiency and adherence of established policies;
❖ Providing for training on compliance issues in order to advance awareness of integrity issues and
business ethics by arranging training workshops as needed and by acting as a contact point for queries
from staff members;
❖ Reporting on governance including the corporate governance statement and the sustainability
reporting of the Bank as well as contributing to the disclosure policies of the Bank;
❖ Providing comments on, policies, guidelines, rules and procedures for compliance issues.
❖ Ensuring that the compliance department delivers compliance standards deliverables as
required.
❖ Managing the regulatory change process and advising the business of any significant changes
❖ Ensuring Compliance alerts are circulated to the business on schedule
❖ Tracking and providing investigative support on the Whistleblowing concerns to completion
❖ Ensuring all bank policies are up to date by seeking quarterly report from the Risk Manager who is the
custodian of all the policies and manuals.
❖ Plan and execute compliance programs in all Yako Bank branches and departments.
❖ To apprise the board as well as senior management on regulations, rules and standards, and any other
further developments in the industry by carrying out research.
❖ To provide clarification on any compliance issues, that may a raise in day today activities of the bank.
❖ To conduct the assessment of the compliance risk, which should be at least quarterly, and develop a risk-
oriented activity plan for compliance assessment. The activity plan has to be submitted to the Audit
Committee of the Board for approval, and it should be made available to the internal audit.
❖ To report promptly to the Board / Audit Committee of the Board/ Managing Director and Executive
Director about any major changes or observations related to the compliance risk.
❖ To report quarterly on the compliance failures or breaches to the board/ Audit Committee of the Board
and circulating findings to the concerned functional heads monthly.

❖ To monitor and periodically test compliance by conducting sufficient and representative compliance
testing. The results of the compliance testing must be placed on the Board/ Risk Committee and
Managing Risk Committee quarterly and monthly.
❖ To examine the sustenance of the compliance as an integral part of the compliance testing and annual
compliance assessment exercise.
❖ To ensure the compliance of supervisory observations made by Bank of Uganda, external auditors and or
any other directions are rectified in a time-bound manner and sustainable manner.
❖ Taking lead in staff trainings and mentoring departmental team members on statutory, internal polices
and industry best practice requirements.
❖ Develop the bank’s compliance framework and ensure that it is consistent with the governing laws,
Code of Ethics and professional conduct. Liaise with relevant external stakeholders and participate in
industry compliance forums to ensure alignment of Yako’s compliance methodology.
❖ Conduct follow-up on the resolution of any identified compliance findings in Bank of Uganda
examination reports, internal and external audit reports and oversee the implementation of corrective
measures to mitigate the identified deficiencies
❖ Ensure submission of returns to B.O.U, FIA, URA, NSSF and other external stakeholders is timely and
accurate.
❖ Monitor, review and supervise the day today operation function at the head office a branch, in particular
(bank transactions)
❖ To centralize all information on compliance related issues within Yako for access by all staff
❖ Ensure that new compliance circulars/directives/guidance notes are distributed to the relevant Yako
personnel and appropriate action taken.
❖ Advising Senior Management on relevant laws, rules, regulations, standards, recommendations
and practices in the market place.
❖ To align AML/CFT/CPF efforts of the Bank, regulatory and international standards/requirements and
best practice to prevent the Bank’s risk of sanctions and associated financial/reputational loss as a
result of non-compliance.
❖ To develop and implement a compliance framework that constantly updates the Bank on its compliance
levels with regulatory laws/standards •
❖ To provide compliance advisory and decision support services to business units and strategic resources
function so as to build a strong KYC environment to ensure Zero AML/CFT/CPF infractions •
❖ Develop and implement appropriate AML/CFT/CPF sanctions and financial crime prevention policies,
procedures, systems and controls and ensure compliance with Anti-Money Laundering and Combating
the Financing of Terrorism (AML/CFT/CPF) standards across the Bank.
❖ Develop and implement monitoring tools/ standards/Measures to ensure compliance with
AML/CFT/CPF laws and best practice.
❖ Design and implement compliance sensitizations/trainings in regard to AML and /CFT programs/plans
for staff and service providers employees with
❖ Develop and implement channels for internal and external reporting of suspicious activity /transaction
such as internal whistle blowing in line compliance reporting framework.
❖ Prepare, submit and present periodic (Monthly/Quarterly/Annual) compliance reports/information
(Exceptions, suspicious transactions, large cash transactions etc.) to management, Board of directors and
regulatory bodies (Internal and External) to enable informed decisions.
❖ Co-ordinate AML/KYC routine examination as per Regulator’s examination timetable/schedule as well
as managing the Bank’s relationships with regulators in relation to compliance issues.
❖ Enhance staff productivity by providing to-to-day technical guidance and support to the teams as well as
monitoring the team’s daily activities with continuous feedback for improvement in line with the Yako
policies.
❖ Develop a timetable for the administration of compliance assessments and questionnaires in line with the
compliance work plan

Required Competencies
▪ The incumbent should hold a Bachelor’s degree from a recognized university and professional training
relevant to the role.
▪ A post graduate qualification is added advantage.
▪ Overall experience of minimum 10 years in banking or Financial Institution, and of which minimum 5 years
will be in (related function) that is Audit/Finance/ Compliance/ Legal/ Risk Management functions in a
senior management role;
▪ Excellent knowledge of financial institutions.
▪ Understanding KYC requirements
▪ Then ideal candidate must have no vigilance case or adverse observation from the regulator pending
against him/her
▪ Excellent interpersonal skills and communication skills.
▪ Analytical mind, good attention to detail, problem solving, good time management skills and the ability to
multi-task work under pressure
▪ Proficiency in computer applications
▪ Teamwork

Suitably qualified candidates should address their application to Human Resource & Administration Manager,
Yako Bank, Forest Mall Lugogo, Kampala, Uganda, and email it to hr@yakobank.com as well as photocopies
of academic testimonials, and a CV. The CV should include telephone contacts and email addresses of three
referees, one of who should be the most recent employer.
Only shortlisted candidates will be contacted
directly on Tel. Numbers 0312 222600 or 0414 341275 ONLY.
Please note that in line with the Bank procedures, no job offers are made online.