Senior Manager – Compliance
Yoma Bank

Senior Manager – Compliance

Yoma Bank

Myanmar - Yangon
Full Time
Posted over a week ago

Job Description

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

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 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.

What We Can Offer

Benefits

- OT Payment
- Ferry Provided
- Annual Performance Bonus

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."

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Summary Job Details
 
Job Function
Legal, Risk and Compliance
 
Experience level
Manager
 
Min Education Level
Bachelor Degree