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

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*