Yako Bank (U) Limited was incorporated in the Republic of Uganda in 2010 and
licensed as a Credit Institution by the Bank of Uganda in 2020. In September 2015,
Yako got its license to operate as a deposit-taking institution and started operations
under Yako Microfinance (U) Limited. It upgraded to a Credit Institution in 2020 and was
licensed to operate as Yako Bank (U) Limited. Different shareholders own Yako Bank
which has been licensed by the Bank of Uganda to provide savings and lending
products to different clients.
To meet the needs of its growing customer base, the Bank is seeking to recruit a
dynamic, self-motivated, result-oriented professional to fill the following position;
Legal Officer.
This position reports directly to the Head of Legal and it will be based at Head Office.
Role of the Job.
The role holder will be responsible for providing legal support to the various functions of
the Bank including litigation, debt recovery, contractual arrangements, and general legal
advisory services.
Key Result Areas.
● Draft and review contracts, offer letters, letters of intent, and other similar
documents as per the respective internal approvals to ensure they comply with
the approved internal conditions and are in enforceable form upon execution.
● Manage the execution, filing, and custody of contracts and other documents that
are binding on the Bank.
● Support the credit operations unit with a review of specialized documentation for
credit facilities including securitization to ensure no exposure may arise to the
Bank as a result of inappropriate credit documentation.
● Provide proactive support to the Bank’s recovery teams in the management of
delinquent accounts.
● Monitor and advise on all matters arising from the routine operations of the Bank
with the potential of developing into litigation and provide legal advice to the
business units on legal issues arising in their various areas of operation to
forestall any practices that could lead to avoidable litigation.
● Support with provision of oversight over the Bank’s litigation portfolio, to ensure
effective implementation of the agreed litigation strategy, policies, processes, and
guidelines in the management of cases by and against the Bank.
● Attend Court on behalf of the Bank follow up on legal and litigation-related issues
and recommend appropriate legal interventions for given litigation problems.
● Recommend, develop, and conduct training of various bank units on legal
aspects and best practices.
● Perform company due diligence/obligations
● Support the timely recovery of non-performing portfolio
● Perform legal due diligence on loan files/facilities before approving and
disbursement of loan funds.
● Support the Head of Legal in providing efficient, economical and effective
management of the company’s recovery of the non-performing loans.
● Support management in identifying emerging legal risks, mitigates and setting
performance measures with respect to the external service providers
(Auctioneers, Lawyers, Court Bailiffs
● To undertake regular legal compliance reviews of statutory laws and regulations
applicable to the company operations and ensure compliance therewith.
Required Competencies.
● Bachelor of Laws Degree.
● Postgraduate Diploma in Legal Practice.
● Enrolled Advocate of the High Court and subordinate Courts.
● A minimum of three (3) years experience working in a busy law firm or
commercial institution with extensive exposure to banking and finance
transactions.
● Experience in the management of litigation and recoveries.
● Demonstrated experience in contract negotiation and drafting.
● Exposure to credit operations, documentation, and security perfection.
● Strong analytical skills, attention to detail, and critical analysis skills.
● Excellent legal drafting and interpretation skills.
● Strong interpersonal and communication skills.
● Ability to give timely and accurate legal opinions and advice.
● Ability to manage time and pressure effectively to ensure optimum results.
● Self-motivated and result-oriented.
● Requires minimum supervision.
● Good interpersonal skills.
● Excellent communication skills and mature disposition to be able to deal with
internal stakeholders, clients, and service providers directly as the need arises.
● Ability to keep abreast of changes in the legal requirements, banking industry,
and market, and use developments to offer legal solutions to changing business
opportunities and threats.
● Good grasp and in-depth knowledge of the principles and laws governing
banking & finance, corporate law, leasing/asset finance, land, mortgages,
security realization, and employment among others.
Applications:
Suitably qualified candidates should address their application to the Human Resource &
Administration Manager, Yako Bank, Forest Mall Lugogo, Kampala, Uganda, and 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.
The closing date for submission of the applications is 7th February 2025. Only
shortlisted candidates will be contacted
