Risk Manager (Full Time Bank Job) – Yako Bank Uganda Limited

Job Title: Risk Manager
Organisation: Yako Bank Uganda Limited
Location: Head Office, Kampala, Uganda
Job Type: Full-time
Application Deadline: 21st September 2024

Job Summary:

The Risk Manager will oversee Yako Bank’s comprehensive risk management program, identifying and assessing risks that could affect the organization’s reputation, safety, security, or financial success.

Reporting To:

• Managing Director

Key Duties and Responsibilities:

• Identify and analyze various risks, including operational, market, credit, and people risks.
• Develop risk management controls, systems, and contingency plans.
• Conduct risk assessments for new products and define the potential impact of risks.
• Evaluate the severity of each risk based on its consequences.
• Oversee internal queries from branches and external queries from customers, regulators, and correspondent banks regarding AML matters.
• Audit processes and procedures.
• Oversee the annual KYC review of high-risk customers and continuously monitor their transactions for authenticity.
• Conduct annual KYC renewal for all counterparties and correspondent banks.
• Ensure compliance with regulatory requirements through continuous monitoring.
• Review transactions from money transfer services and prepare corresponding reports.
• Design processes to eliminate or mitigate potential risks and create contingency plans for managing crises.
• Evaluate existing policies and procedures, identify weaknesses, and recommend amendments to the board through management.
• Prepare and present risk assessment reports monthly to Management and quarterly to the Board Risk Committee.
• Implement solutions and plans to mitigate identified risks.
• Evaluate employees’ risk awareness and provide necessary training.
• Perform other duties as assigned.

Qualifications, Skills, and Experience:

• Bachelor’s Degree in Finance, Economics, or related fields.
• Certification in Risk Management is an added advantage.
• At least 10 years of experience in Risk Management or Assurance functions, with 5 years in a senior management position in a regulated financial institution.
• Strong communication and interpersonal skills.
• Demonstrated integrity and professionalism.
• Good knowledge of accounting and international financial reporting standards.
• Strong analytical skills.

How to Apply:

All suitably qualified candidates should send their CVs, academic papers, and cover letters in one PDF file to hr@yakobank.com, addressed to the Head of HR & Administration, Yako Bank Uganda Limited, First Floor FF 39C Forest Mall Block A.

• Subject Line: Candidates must include the Job title/position in the subject of the email during application submission.

Note:

• Yako Bank is an equal-opportunity employer and does not ask for money or rewards in exchange for job opportunities.
• Only successful candidates will be contacted.

For more information about Yako Bank, visit Yako Bank Website.

About Yako Bank

Yako Bank is a licensed financial institution regulated by the Bank of Uganda, providing savings and lending products. Headquartered at Forest Mall Lugogo in Kampala, Uganda, Yako Bank has been operational since 2010, initially as a Micro Credit institution, then upgraded to a Microfinance, and later acquired a license to operate as a Microfinance Deposit Taking Institution (MDI) in 2015. On 26 May 2020, Yako Bank was issued a Credit Institution Class license by the Bank of Uganda. The bank operates three branches in Kampala and Jinja.