DUTY AND RESPONSIBILITIES• Introduce, promote and constantly evolve within a culture that adopts best practices for risk management with the highest standards of quality and integrity.• Develop a standardized risk assessment program that can be utilized for self-risk assessment processes across the Bank and this would include developing a standard risk taxonomy and toolkit.• Perform operational risk assessment in all the business units across the bank.• Oversee and provide constructive challenge to the first line of defences in managing the risks across the Business Units• Build and maintain strong relationships with the Senior Management, business unit heads and business support heads, ensure relationships are strategically forward-looking, highly collaborative and productive,• Coordinate with senior management in performing operational risk reviews.• Direct the development and implementation of operational risk reports to be presented to and utilized by senior management and the Board to ensure effective ongoing oversight of operational risk bank wide.• Report operational risk issues and decisions to senior management on regular basis.• Implement the incident management process to minimize the losses by developing strong relationship with key stakeholders and business partners by addressing issues/incidents in timely manner.• Facilitate periodic(quarterly) “In Control” meeting with first line management.• Implement a Second Line Monitoring(SLM) program with regular check on risks, controls, processes effectiveness and compliance to (internal)policies• Responsible for overall process of operational risk department in planning and monitoring the operational risk analysis and development.• Investigate root causes of operational risks and provide support to mitigate risk.• Ensure compliance with Operational Risk policy & procedures.• Develop key risk indicators (KRIs) and key control indicators (KCI)that are mapped to various risks to determine elevations in risk and proactively implement risk mitigation measures.• Building risk awareness amongst staff by providing support and training within the company.
Knowledge & SkillsEssential• A sound knowledge of lending in the Myanmar market, gained through practical experience.• Sound knowledge of Myanmar legal processes at a level which would allow challenge with lawyers involved in transactions• Have high level of attention to details.• Have strong organizational skills and time management abilities• Adapts easily to new environment and can work with a variety ofpeople• Excellent written and verbal communication skills, including the ability to create and deliver clear, concise and well-structured presentations.• Outstanding influencing/negotiation skills and ability to manage debate and conflict professionally, with grit and tenacity.• Strong multitasking skills with the ability to successfully manage a few work streams to deadlines and high standards of quality.• Ability to manage relationships across different entities and regions (e.g., divisions, departments, etc.,)• Ability to work across all levels of management in the organization, including senior executives.Education & Special TrainingEssential• Degree in one of the following fields; Business, Risk Management, Commerce, Finance, Accounting, Economics, Maths and/or any industry specific qualification. (MBA preferred)• Demonstrate strong knowledge of risks identification, assessment, and management frameworks.• Strong knowledge of control frameworks and the ability to design and evaluate effectiveness of controls embedded within business processes.• Knowledge of the risk and governance standards such as COSO framework, SR08-8, and the OECD and Basel Corporate Governance Principles.• At least 10 years of relevantexperience in banking with a focus in operational risk management.Desirable• Master’s degree in business or Finance• Knowledge of statistical concepts; e.g. regression analysis, correlationExperienceEssential• At least 10 years’ experience in the Global Markets/Institutional business with notable experience in sales and trading middle and back office processes, including knowledge of front-to-back functions• Thorough knowledge of lending in the Myanmar market, focusing on retail/consumer lending and internal operational risk.• Proven managerial, team building, interpersonal, organizational, influencing and analytical skills.• Experience with credit scoring modelsLanguagesEssential• Sound and effective interpersonal & communication skills• Sound English skills
- 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.