JOB DESCRIPTION:The Chief Compliance Officer will work closely with the leadership team to ensure there is proper governance within all areas of the bank.KEY ACCOUNTABILITIES: Knows about related financial regulations and laws in Myanmar. Ensures compliance with applicable domestic laws and regulations. Ensures compliance with requirements of AML/CFT and Anti-Corruption Laws, in particular,account activity reviews and investigations to identify unusual and suspicious patterns. Develops and implements compliance policy and program for the Bank consistent with the relevant laws and regulations. Periodically revises the compliance policy and program to be in line with of changes in the domestic laws. Oversees and monitors the implementation of the compliance program. Defines the necessary level of knowledge on existing regulatory compliance requirements across the Bank. Provides guidance, advice, and training and educational programs to bank staff on recent and already existing compliance requirements. Monitors the operations and procedures of the different sections of the bank to ensure overall compliance. Conducts periodic internal reviews or inspections to ensure that compliance procedures are followed. Prepares and provides compliance reports to the senior management and the BOD to keep them updated on the progress of compliance matters. Liaises with relevant internal departments to ensure proper implementation of the policy and program. Works with auditors and examiners during regulatory compliance examinations. Establishes a cordial and firm relationship with the regulators.
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 TrainingEssential 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 In the case of existing Chief Compliance Officer, the person 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 sectorLanguages Essential Excellent written, verbal and communication skills.* Only shortlisted candidates will be contacted for interviews. *
- Annual Performance Bonus- OT Payment- Ferry Provided
- An awesome company
- Join a winning team
- You can make a difference
- Opportunities for promotion
- Possibility for job training
- Learn new skills and techniques
Yoma Bank is one of Myanmar’s largest private banks, with 2000 employees and more than 50 branches nationwide. The Bank was founded by Mr Serge Pun and its first branch was opened in August 1993 in front of the iconic Aung San Stadium in Yangon.Yoma Bank has invested heavily in technology to optimize its nationwide branch network and is recognized for its efficient remittance services. It was the first bank in Myanmar to use a computerized accounting system, and pioneered wireless banking communications. By 2003 Yoma Bank had grown to be one of the biggest banks in the country with 41 branches in 24 cities providing secure and efficient banking services nationwide.In 2003, Myanmar experienced a financial crisis which had a significant impact on the banking industry. This led to the closure of many private banks while Yoma Bank's business activities were severely limited and had to sustain on domestic remittances. Yoma Bank’s remittance service still remains to be the most reliable and trusted in the country.A new chapter began in August, 2012 when Yoma Bank regained its full banking license. With more than 50 branches across Myanmar, the Bank strives to become a leading SME Bank in Myanmar. With more than twenty years’ experience in Myanmar’s financial sector, Yoma Bank is well positioned to support the continued growth of the Country in this period of transition.