Qualification Requirements
- To perform the above mentioned duties and responsibilities, the Chief Compliance and Risk Management Officer should meet the following requirements
1. Education and training
(a) Has a bachelor's or master's degree, ideally in accounting, business administration or economics from an accredited university in Myanmar or abroad or professional certification and training in banking and risk management, or
(b) In the case of existing Chief Risk Management 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
2. Experience:
- 5 to 7 years working experience in a bank, financial institutions and other institutions that provide financial services, rating agency, finance company or similar financial institution as a credit or risk management officer;
-Development of participation in credit grading activities, portfolio management or credit review or approval processes; or
- Credit and risk management in a bank, financial institution and other institutions that provide financial services;
- Experience in default and fraud management
- Assets and liability management experience
3. Knowledge, skills and abilities:
- Understanding of risk exposure calculation methods;
- Knowledge of credit grading and rating concepts and the technical development of such underlying models as well as working knowledge of Basel II accord;
- Analytical Skills with working knowledge in the principles of credit risk, market risk, operational risk and liquidity risk and finance;
- Sound knowledge of investment risk and portfolio management concepts;
- Understanding of other operational risk including IT security;
- Ability to clearly articulate and express a bank or financial institution risk appetite;
- Good command of risk management principles, tools and models;
- High ethical standards and integrity in both their personal and professional dealings;
- Excellent written, verbal and communication skills.