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Provision Assistant Manager

Yoma Bank

Provision Assistant Manager

Yoma Bank
Recruiter active 7 hours 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.
19 May 2022

Experience level

Manager

Job Function

Legal, Risk and Compliance

Min Education Level

Bachelor Degree

Job Description

ESSENTIAL DUTIES AND RESPONSIBILITY

  • Process and review the monthly provision by ensuring completeness & accuracy, in accordance with the Bank’s provision methodology
  • Analyze underlying drivers for movement in monthly provision
  • Perform sanity check on the provision numbers generated
  • Perform manual adjustment / work around solutions in the event there is distortion in the provision numbers generated
  • Understand nature of products and incorporate new products/models into provision calculation
  • Liaise with Branch Network and Business to obtain update valuation data for accurate shortfall for provision calculation
  • Support Financial Control team for timely and accurate booking of provision in the Core Banking System
  • Support senior management and stakeholders with the provision numbers for internal management reporting, regulatory reporting, analysis and forecasting of provisions numbers and ad-hoc requests
  • Periodically review the provisioning process to ensure identify gaps are closed and manual process are enhanced for automation

Open To

Male/Female

Job Requirements

QUALIFICATIONS REQUIRED

Experience

  • At least (2) years of experience in Banking or Financial Institutions and related field, or relevant experience in accounting and provisioning

Knowledge & Skills

Essential

  • Familiar with accounting principles and operations
  • Intermediate to Advance knowledge of Microsoft Office
  • Good analytical skills and good with numbers
  • Strong work ethic
  • Good communication skills, in both verbal and written
  • Maintain high level of professionalism
  • Willingness to learn and develop

Preferred

  • Knowledge on IFRS 9 and Expect Credit Loss model

Education & Special Training

  • Bachelor or equivalent degree in math, accounting, banking & finance or a related area.

Languages

  • Good in verbal and written communication for both Burmese & English

What We Can Offer

Benefits

Rewards for over performance

Highlights

Join an experienced team
Make a difference

Career Opportunities

Training Provided
Management Potential

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."