Educational Qualification: A bachelor’s degree in Business Administration, Finance, Banking, Law, or a related banking field is preferred.
Job-Related Knowledge/Specific Skills:
- Basic understanding of banking operations and regulatory compliance requirements.
- Knowledge of Anti-Money Laundering (AML), Know Your Customer (KYC), Customer Due Diligence (CDD), and Counter-Terrorist Financing (CTF) principles.
- Basic understanding of banking laws, regulations, and internal compliance policies.
- Ability to review customer information and verify compliance with regulatory requirements.
Competencies:
- Attention to detail
- Analytical thinking
- Communication skills
- Teamwork and collaboration
- Time management
- Problem-solving
- Adaptability and willingness to learn
Duty & Responsibilities
- Prepare, review, and submit reports on financial transactions exceeding the regulatory reporting threshold to the relevant regulator in accordance with established procedures and within the required timelines.
- Perform continuous monitoring and review of daily financial transactions and immediately escalate any identified suspicious transactions to the relevant supervisor/management.
- Coordinate and collaborate effectively with technology support vendors and relevant internal departments to ensure smooth implementation and operational support.
- Develop and provide necessary operational guidelines and instructions to branches to ensure accurate and complete preparation and submission of required reports.
- Review and verify daily Transaction Threshold Reports (TTRs) submitted by branches. Provide guidance to branches where necessary and maintain systematic records/logs of related information through Excel registers.
- Perform Maker Role responsibilities within the designated banking system for completing and submitting regulatory reports and related information as required by the Central Bank of Myanmar (CBM).
- Prepare and submit monthly operational activity reports systematically and accurately. Support compliance review activities by verifying adherence to applicable regulatory requirements, reviewing supporting documents and evidence, and assisting in the preparation and submission of compliance reports.
- Maintain proper filing and record-keeping of compliance-related documents and evidence, support monitoring and review activities, and prepare basic compliance reports and documentation as required.
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