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Manager (RAG-AML) – Compliance Division

Yoma Bank

Manager (RAG-AML) – Compliance Division

Yoma Bank
Recruiter active 3 days ago The recruiter at this company was last active reviewing applications.
Myanmar - Yangon
Full Time
Verified This job has been verified by the company as a real job vacancy.
15 Oct 2020

Experience level

Manager

Job Function

Legal, Risk and Compliance

Min Education Level

Bachelor Degree

Job Description

ROLE PURPOSE:

Yoma Bank’s Compliance Division is responsible for providing subject matter expertise to the Bank to (i) ensure that the Bank is providing products/services to Customers which comply with applicable laws and regulations; (ii) prevent damage to the Customer by certain threats (fraud); (iii) ensure that Yoma Bank remains a responsible business.

The primary role of a Manager (RAG-AML) is accountable for RAG (checking compliance with RAG gateways only for KYC/AML/CFT processes and procedures) and for monitoring branch compliance status of rules and regulations. A successful candidate will be required to engage effectively across all 3 lines of defense to improve management of compliance obligations.

STRATEGIC COMPETENCIES

LEADERSHIP

  • Leads single or less complex business units and ensures delivery of work in accordance with Business Unit Strategy
  • Creates an effective team for executional excellence
  • Accountable for collaborating across the value chain to execute on Business Unit Strategy
  • Leader of the team
  • Organizes the team into effective and functional groups
  • Appoints, develops, coaches and inspires the team
  • Demonstrates continuous improvement
  • Deputizes for Senior Manager
  • Represents Yoma Bank with impact to external stakeholders

RELATIONSHIP BUILDING

  • Build and manage effective relationships with functional teams and other business units
  • Creates a climate of openness and trust in which people can freely speak out
  • Recognizes potential conflicts within own working relationships and facilitates the negotiation of mutually beneficial outcomes
  • Understood and leverage team’s strengths to deliver outcomes
  • Proactively develops rapport with key customers and external stakeholders

COMMINICATION SKILLS

  • Effectively communicates and influences across the team
  • Tailors content and style to connect with all employees in English and Myanmar
  • Communicating change with conviction
  • Demonstrates SPEAKING OUT
  • Asks for clarity to ensure own understanding
  • Gives constructive feedback to improve performance

RESULTS ORIENTATION

  • Uses feedback to consistently delivers on all tasks and goals
  • Holds direct reports accountable for producing quality, risk and assessed timely results
  • Helps others maintains focus and overcome obstacles
  • Provides performance feedback to team that facilitates development

PROBLEM SOLVING

  • Breaks down problems into fundamental parts, identifies root causes and addresses problems
  • Sees beyond the immediate solution to potential process improvements
  • Makes informed decisions based on information that is relevant, current and clear
  • For more complex problems, recommends possible solutions and escalates. Follows up to ensure resolution
  • In challenging situations, takes charge and makes decisions in a timely manner
  • Assists team in diagnosing problems and recognizing issues
  • Establishes a culture that embraces problem solving

RESPONSIBILITIES:

You will be responsible for the following:

  • Acting according to the stated (AML/CFT) guidelines of the bank and report to supervisors whenever there is doubt
  • Assisting on any AML/CFT issues that are referred from business units and branches
  • Reporting to MLRO and manages risk assessment specialists
  • Liaising with relevant internal departments to ensure proper implementation of the compliance policies, procedures and program
  • Conducting periodic internal reviews or inspections to ensure that compliance procedures are followed
  • Monitoring client financial activities to ensure they are legal and in compliance with internal bank policies and all the regulations
  • Providing reports on regular basis to senior management to keep them updated on progress of compliance operations

Open To

Male/Female

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
  • 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 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

  • Ability to communicate (verbal and written) in both Myanmar and English

*Only shortlisted candidates will be contacted for interviews*

What We Can Offer

Benefits

- Annual Bonus
- 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 25 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."

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Experience level

Manager

Job Function

Legal, Risk and Compliance

Min Education Level

Bachelor Degree

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