Develop, review, and maintain all internal Policies, Procedures (P&Ps), Standard Operating Procedures (SOPs), and specific Instructions to ensure alignment with regulatory requirements and best practices. Ensure timely and accurate reporting to the Central Bank of Myanmar (CBM), the Financial Investigation Unit (MFIU), and other relevant regulatory bodies. Manage communication by answering all AML-related questionnaires from correspondent banks and other external partners. Coordinate and prepare responses for CBM's AML on-site and off-site questionnaires and examination requests. Handle and investigate all suspicious alerts generated by the organization's AML monitoring software, escalating as required. Oversee the end-to-end process for Suspicious Transaction Reports (STRs), ensuring proper documentation and timely submission to the MFIU. Design and deliver comprehensive AML and Compliance Awareness Training to all levels of staff, ensuring a strong culture of compliance throughout the organization. Provide regular, detailed compliance reports to Senior Management and the Board of Directors (BOD) on the status of compliance programs, regulatory changes, and key risk indicators. Execute other compliance and administrative tasks as assigned by the Head of Department (HOD).
1. Risk Governance & Policy Management Develop, review, and maintain the Bank's Risk Management and Compliance policies, procedures, and guidelines. Ensure effective implementation of governance frameworks across the Bank. Support the CEO, Management Committee and Board Committees by providing independent risk and compliance assessments. Review the Bank's Risk Appetite Statement and recommend updates where appropriate. 2. Enterprise Risk Management (ERM) Lead the implementation and continuous enhancement of the Enterprise Risk Management Framework. Identify, assess, monitor and report strategic, credit, market, liquidity, operational and reputational risks. Establish Key Risk Indicators (KRIs), risk limits and monitoring mechanisms. Ensure enterprise-wide risk assessments are conducted regularly. 3. Risk Monitoring & Reporting Monitor the Bank's overall risk profile and emerging risks. Prepare periodic Risk Management Reports for Senior Management, Risk Management Committee and Board Committees. Recommend appropriate mitigation plans for identified risks. Monitor compliance with approved risk appetite and tolerance levels. 4. Credit Risk Oversight Oversee the implementation of Credit Risk Management policies and frameworks. Independently review credit risk assessments prepared by the Risk Management Department prior to submission to the Management Credit Committee and Board Committees. Provide independent recommendations on major credit proposals. Monitor loan portfolio quality, concentration risks and Non-Performing Loans (NPLs). Recommend strategies to improve overall credit quality. 5. Operational Risk & Internal Control Develop operational risk management frameworks and internal control standards. Monitor fraud risk, process failures, operational incidents and business disruptions. Coordinate operational risk assessments across all departments. Promote risk ownership and accountability throughout the Bank. 6. Compliance Management Ensure compliance with Central Bank of Myanmar (CBM) regulations, AML/CFT requirements and all applicable laws. Monitor regulatory changes and coordinate implementation across the Bank. Promote ethical conduct and regulatory compliance throughout the organization. Oversee compliance monitoring and reporting activities. 7. Regulatory Coordination Coordinate communications with the Central Bank of Myanmar and other regulatory authorities on compliance and risk-related matters. Ensure timely submission of regulatory reports. Coordinate regulatory examinations and inspections. Monitor implementation of corrective actions arising from regulatory findings. 8. Leadership & People Management Lead and develop the Risk Management and Compliance teams. Establish departmental objectives, KPIs and performance standards. Coach and develop staff capabilities through training and succession planning. Promote collaboration with business units while maintaining independent oversight. 9. Strategic Support Provide strategic advice to Senior Management on risk-related matters. Participate in new product reviews and strategic initiatives from a risk perspective. Ensure risk considerations are integrated into business planning and decision-making. Support the Bank's strategic objectives while maintaining prudent risk management practices.