Chief Compliance Officer
Yoma Bank

Chief Compliance Officer

Yoma Bank

Myanmar - Yangon
Full Time
Posted over a week ago

Job Description

JOB DESCRIPTION:
The Chief Compliance Officer will work closely with the leadership team to ensure there is proper governance within all areas of the bank.

KEY ACCOUNTABILITIES:
 Knows about related financial regulations and laws in Myanmar.
 Ensures compliance with applicable domestic laws and regulations.
 Ensures compliance with requirements of AML/CFT and Anti-Corruption Laws, in particular,account activity reviews and investigations to identify unusual and suspicious patterns.
 Develops and implements compliance policy and program for the Bank consistent with the relevant laws and regulations.
 Periodically revises the compliance policy and program to be in line with of changes in the domestic laws.
 Oversees and monitors the implementation of the compliance program.
 Defines the necessary level of knowledge on existing regulatory compliance requirements across the Bank.
 Provides guidance, advice, and training and educational programs to bank staff on recent and already existing compliance requirements.
 Monitors the operations and procedures of the different sections of the bank to ensure overall compliance.
 Conducts periodic internal reviews or inspections to ensure that compliance procedures are followed.
 Prepares and provides compliance reports to the senior management and the BOD to keep them updated on the progress of compliance matters.
 Liaises with relevant internal departments to ensure proper implementation of the policy and program.
 Works with auditors and examiners during regulatory compliance examinations.
 Establishes a cordial and firm relationship with the regulators.

Job Requirements

Knowledge & Skills
Essential
 Knowledge of financial institutions policies and procedures.
 Ability to demonstrate through knowledge of applicable laws including Myanmar Financial Institutions Law, Regulations, Directives, Instructions and Guidelines issued by the Central Bank of Myanmar.
 Ability to understand and apply banking rules.
 Ability to read and interpret government financial rules and legal documents.
 Proven ability to identify, solve and prevent regulatory issues.
 Ability to effectively report information and respond to regulatory requirements.
 Strong, Analytical, Research, Planning, Organizational and Communication skills.
 Commitment to identifying compliance issues and solutions while ensuring adherence applicable laws, regulations, policies and procedures.
 High ethical standards and integrity in both their personal and professional dealings.

Education & Special Training
Essential
 Has a bachelor's or master's degree, ideally in accounting, laws or economics from an accredited university in Myanmar or abroad or relevant professional certification and training in accounting and laws
 In the case of existing Chief Compliance Officer, the person has direct and hands on experience in banking operations and procedures, auditing, risk management, compliance management, credit and Lending experience, banking or accounting.

Experience
Essential
 3 to 5 years' relevant experience regulatory compliance in a bank, financial institution and other institutions that provide financial services.
Desirable
 Experience in the Banking sector

Languages
Essential
 Excellent written, verbal and communication skills.

* Only shortlisted candidates will be contacted for interviews. *

What We Can Offer

Benefits

- Annual Performance Bonus
- OT Payment
- Ferry Provided

Highlights

- An awesome company
- Join a winning team
- You can make a difference

Career Opportunities

- Opportunities for promotion
- Possibility for job training
- Learn new skills and techniques

About Our Company

Founded in 1993, Yoma Bank is Myanmar's most progressive domestic bank with over 3,000 employees and more than 80 branches across the country. With a mission to “Build a better Myanmar for its people” and financing the needs of Myanmar families and businesses, Yoma Bank offers savings products, a wide range of loans and business solutions to individuals, SMEs and local corporate clients to fund their business operations in Myanmar. With over 30 years of being a responsible bank, Yoma Bank has been consistently making significant investments in strategic priorities- people, technology and corporate governance.

All the operations led by the Bank are centered around its core values such as Customer, Integrity, Respect, Teamwork and Innovation. Yoma Bank has also established strong partnership with both local and international organisations leveraging strategic advantages in its services. Yoma Bank is the first local bank that welcomed foreign investments from global organisations such as GIC of Singapore, Norfund of Norway and IFC of the World Bank."

More jobs from this employer
Already Expired
Summary Job Details
 
Job Function
Legal, Risk and Compliance
 
Experience level
Manager
 
Min Education Level
Bachelor Degree