POSITION PURPOSE

Support the Chief Risk & Compliance Officer in the implementation of Wave Money’s Risk Management and Compliance Frameworks in the business, strengthening the risk and compliance culture in the organization, and supporting management and the Board on risk governance and compliance-related matters.

KEY RESULT AREA

• Establish and maintain Wave Money ERM framework effectively and efficiently
• Proactively identify, assess, and mitigate key risks across all functions
• Identify and escalate to CRCO any noncompliance with Group Code of Conduct and Policies including but not limited to Compliance and Risk matters
• Ensure compliance with internal and external risk-related regulations
• Drive a strong risk-aware culture across the organization
• Provide timely reporting along with data-driven analytics and insights

KEY RESPONSIBILITIES & ACCOUNTABILITIES

• Ensure all key risks: Strategic, Operational, Financial, Regulator, Complaince, Cyber, Reputational, Technology) are identified, assessed, monitored, and mitigated in aligned with the company’s risk appetite and regulatory requirements
• Drive a risk-aware culture across the organization through training, communications, and stakeholder engagement
• Oversee the development of internal controls and ensure effective implementation across all business units
• Monitor key risk indicators (KRIs), losses, and near misses.
• Support local policy owners to assess Risk Governance and Compliance with the business
• Assist with developing and executing risk culture strengthening activities including training
• Assist in the process of management of risk related to adherence of laws and regulations to which DMM is subject
• Coordinate the timely preparation and submission of regulatory and internal risk reporting 
• Identify and escalate to CRCO any material risk changes related to risk and compliance
• Lead the management of end-to-end operational risk including risk matrix, Risk and Control Self-Assessments, Key Risk Indicators, etc.
• Utilize risk analytics and data-driven insights to support decision-making
• Ensure effective business continuity and disaster recovery
• Produce analytics, reporting and insight used to manage compliance and testing of compliance
• Manage the execution of compliance with AML/KYC requirements including suspicious transaction monitoring and scenario development

KEY PERFORMANCE & SUCCESS INDICATOR

• Wave Money compliance with applicable laws, regulations, and board policies
• Self-Performance
• Client focused and orientation 
• Result-based improvement and management
• Display leadership and people management skills

KEY STAKEHOLDERS

Stakeholders/Counterparts to communicate, coordinate and get in touch. All areas of Wave Money including the Risk Management Committee and the Audit and Risk Committee of the Board of Directors

COMPETENCIES

• Communicating with influence: Strong communication skills with the ability to work with a diverse audience in a coherent manner
• Compliance and Governance minded:  Strong sense of risk and compliance to ensure appropriate and sustainable business activities
• Service Focus: Making it easy to do business with all other departments
• Analysis and Problem Solving: Sources and uses relative information efficiently to identify problems and offer sustainable solutions

• Bachelor’s or Master’s degree in Business Administration, Finance, or a related field.
• Professional relevant certifications such as CRMP, ORMC, FRM, CRISC or CISA ACCA, CRMA, CIMA will be an added advantage.
• Strong knowledge of risk management frameworks such as COSO, ISO 31000, NIST SP 800-53.
• Strong Analytical and problem-solving skills, with the ability to assess risk scenarios
• 10 years of working experience in related areas: compliance, internal control, risk management and/or audit and 3+ years in senior risk role
• Relevant experience in a Financial Institution or Mobile Operator and/or a holder of appropriate qualifications will be an advantage. 

• Functional skills as outlined below:

  • Independent
  • Pro-active
  • Analytic
  • Persistent
  • Keen learner
  • Myanmar language skills and good Business English
  • Good working knowledge of Microsoft package and presentation skills
  • Strong communication skills with the ability to explain findings and proposed solutions.