JOB DESCRIPTION:

• Senior Manager will closely work with Chief Compliance Officer to ensure that YB is in compliance with all the applicable laws including Myanmar Financial Institutions Law, Regulations, Directives, Instructions and Guidelines issued by the Central Bank of Myanmar.

KEY ACCOUNTABILITIES:

• Ensures compliance with requirements of AML/CFT and Anti-Corruption Laws, in particular, account activity reviews and investigations to identify unusual and suspicious patterns
• Review internal bank policies to ensure that these are aligned with banking regulations
• Liaises with relevant internal departments to ensure proper implementation of the compliance policies, procedures and program
• Monitors the operations and procedures of the different sections of the bank to ensure overall compliance with Myanmar laws and banking regulations
• Conducts periodic internal reviews or inspections to ensure that compliance procedures are followed
• Collaborate with other departments such as the risk management or internal audit unit to forward compliance issues for investigation
• Monitor client financial activities to ensure they are legal and in compliance with internal bank policies and all the regulations
• Carry out assessments to identify areas of potential compliance risks in order to implement preventive/corrective strategies to address compliance issues
• Provide reports on regular basis to senior management to keep them updated on progress of compliance operations
• Study new banking products and services to evaluate risk
• Works with auditors and examiners during regulatory compliance examinations
• Participate in seminars, conferences, workshops to improve job knowledge
• Perform other duties as assigned

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 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.