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Job Title:   Risk Manager

Organisation: Yako Bank (U) Limited

Duty Station:  Kampala, Uganda

Reports to: Managing Director

About the Company:

Yako Bank (U) Limited was incorporated in the Republic of Uganda in 2010 and licensed as a Credit Institution by Bank of Uganda in 2020. In September 2015, Yako got its license to operate as a deposit taking institution and started operations under the name Yako Microfinance (U) Limited. It upgraded to a Credit Institution in 2020 and was licensed to operate as Yako Bank (U) Limited. Yako Bank is owned by different shareholders and has been licensed by Bank of Uganda to provide savings and lending products to different clients.

Job Summary: The Risk Manager will oversee the organization’s comprehensive risk management program, assessing and identifying risks that could impede the reputation, safety, security, or financial success of the organization.

Key Duties and Responsibilities:

• Identifying and analyzing various risks (e.g., Operation, Market, Credit, People risk).
• Developing risk management controls and contingency plans.
• Conduct assessments to define and analyze possible risks.
• Evaluate the gravity of each risk by considering its consequences.
• Oversee Internal queries raised by branches and external queries raised by customers, regulators, and correspondent banks on AML matters.
• Audit processes and procedures.
• Develop risk management controls and systems.
• Oversee the annual KYC review of High-risk customers, and review their transactions continually to validate authenticity.
• Conduct annual KYC renewal for all counterparties and correspondent banks.
• Conduct risk assessments for any new products.
• Ensure compliance with regulatory requirements through continuous monitoring.
• Review transactions processed from money transfer services and prepare respective reports.
• Design processes to eliminate or mitigate potential risks
• Create contingency plans to manage crises in the bank
• Evaluate existing policies and procedures to find weaknesses and recommend amendments to the board through management.
• Prepare reports and present recommendations monthly to Management, quarterly to the Board Risk committee, and any other as may be required by the regulator.
• Help implement solutions and plans
• Evaluate employees’ risk awareness and train them when necessary
• Perform other duties as may be assigned

Qualifications, Skills and Experience:

• The ideal applicant must hold a Bachelor’s Degree in Finance, Economics, and or Finance.
• Certification in Risk Management will be an added advantage
• At least 10 years experience in Risk Management or Assurance function 5 of which serving in a senior management position in a regulated financial institution.
• Good communication skills.
• Good interpersonal skills.
• Integrity.
• Professionalism.
• Good accounting knowledge.
• Knowledge of international financial reporting standards.
• Good analytical skills.

How to Apply:

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

Deadline: 21st September 2024.

Note: Candidates must put the Job title/position in the subject of the email during the submission of their application. 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.

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