Compliance Officer job at Yako Bank

Responsible for supporting the achievement of profitability of Yako Bank through management of set departmental objectives.

Support the identification of compliance obligations for each department of the Bank and offer time compliance review support.

Develop plans to proactively address any potential regulatory compliance risk, periodically independently review the Bank process to identify any weaknesses in the regulatory compliance, escalate identified gaps to the manager compliance, and follow up with process owners to close the gaps noted.

Support the establishment of the complete compliance scope for the Bank based on applicable laws, regulations policies, agreements, and standards guidelines and aim at achieving 100% compliance.

Support the development and delivery of compliance risk training programs across the bank to the standards defined by Yako Bank.

Prepare periodic reports to regularly update business units and senior management and regulatory compliance exposures

Conduct reviews of all policies guidelines and procedures that provide direction on processes within the business units and follow up to implement approved changes to rationalize procedures and improve internal control standards.

Developing, implementing, and monitoring the Compliance agenda of the Bank in line with Laws, Regulations, Prudential Standards, and Internal Policies and Procedures.

Implementation of Internal and External Audit Recommendations, Bank of Uganda Directives, and Board of Directors Resolutions.

Support the head of the department in acting as a Money Laundering Control Officer for Yako Bank when needed.

Assist in gradually establishing a more systematic approach to qualitative risk self-assessment factors and quantitative key risk indicator (KRI) loss data collection and analytics

Develop and monitor the bank’s weighted compliance score and participate in the implementation of the model within the Bank.

Develop in-house training modules for training on AML/CFT/CPF and KYC compliance

Help plan and organize various in-house trainings and update training modules in line with the recent developments and changes in laws for the banking industry.