JOB OPPORTUNITY:
Yako Bank was incorporated in 2010 and began operating as a deposit-taking
microfinance institution (Yako Microfinance Uganda Ltd) in September 2015. In 2020, the
institution was upgraded and licensed by the Bank of Uganda as a Tier II Credit Institution
under the name Yako Bank Uganda Limited, taking over the financial services business of
its predecessor microfinance arm.
Today, Yako Bank is a fully-fledged credit institution serving a growing clientele through
a network of four branches in Kampala and Jinja.
The Bank offers a variety of products and services including savings accounts, term
deposits, collateralized and non-collateralized loans, and basic mobile banking services to
its target markets—SMEs, salaried individuals, micro-entrepreneurs, and smallholder
farmers.
1. SENIOR COMPLIANCE OFFICER (No. of Position 1)
This position reports directly to the Manager Compliance and will be based at Head
Office.
Role of the Job:
Responsible for identifying, assessing, monitoring and reporting on compliance risk across
Yako Bank’s current and proposed business activities. The job entails supporting all
business activities that advance the Bank’s business objectives while ensuring adherence
to applicable laws, Bank of Uganda regulations, AML/CFT/CPF requirements and the
Bank’s internal policies, procedures and guidelines. The role also coordinates and oversees
the activities of the Compliance Officer, Monitoring.
Key Result Areas:
• Identify and assess the compliance risk associated with the Bank’s current and
proposed future business activities, including new products, new business
relationships and any extension of operations on a network or international level.
• Identify and keep an inventory, available to all staff, of essential laws and
regulations pertinent to the Bank.
• Develop and implement policies, systems, mechanisms and procedures that enable
staff to report any failed controls or violations of laid-down policies and procedures.
• Assess the appropriateness of internal policies, procedures and guidelines, follow
up any identified deficiencies, make recommendations for amendments where
necessary, and supervise the implementation of corrective measures.
• Monitor compliance with internal policies, procedures and guidelines by performing
regular and comprehensive compliance risk assessments and testing.
• Develop and maintain an effective support mechanism to enable closure of all
compliance-related exceptions raised within the Bank.
• Comply with AML/CFT/CPF policies and procedures, with any non-compliance
addressed as per the Bank’s disciplinary processes.
• Centralize all information on compliance-related issues, e.g. breaches of regulation,
non-respect of the Code of Conduct, policies and procedures, and conflicts of
interest.
• Educate and train all staff on compliance with the applicable laws, rules and
standards.
• Establish and/or supervise appropriate compliance checks and controls across the
Bank, including the Agent network.
• Implement risk/compliance monitoring tools and maps, including activities,
triggers, probability and actions.
• Spearhead the implementation of internal controls and ensure that these are
adhered to at all times.
• Coordinate and oversee the activities of the Compliance Officer, Monitoring, and
perform any other duties as may be assigned from time to time.
Minimum educational and technical competence requirements:
• Honours Bachelor’s degree in Business, Finance or a related field from a recognized
University.
• Thorough understanding of the financial services sector, regulatory framework, and
Bank Policies and Procedures.
• Professional qualification in Governance, Compliance and Conduct, AML/CFT,
Financial Crime Risk and Regulation, Fraud Examination or any other related
professional discipline is an added advantage.
• A minimum of 3 years of experience in a similar or related role in Compliance,
Financial Crime, Auditing, Fraud and Investigations, preferably in a busy
commercial banking environment.
• Good analytical skills and attention to detail.
• Good interpersonal skills, with the ability to listen, communicate and train.
• Self-monitoring and ability to travel.
• Team player and high performer with a proven track record.
• Not undergoing any disciplinary action.
• High level of integrity.
Position carries an attractive salary and benefits package.
Applications: Suitably qualified candidates should address their application to Head,
Human Resource, Yako Bank. email it to [email protected] 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.
Closing date for submission of the applications is 12th October, 2026. Only shortlisted
candidates will be contacted.
Please note that in line with the Bank procedures, no job offers are made online