Assistant Manager, AML & Corporate Compliance

About the role

Reporting to and supporting the AML and Corporate Compliance, the primary responsibility of the incumbent is to assist Senior Manager, Compliance in providing independent advice, guidance and oversight to business operations and assists in assessing and confirming that adequate controls are in place and are operating effectively in order to manage and mitigate regulatory compliance risk. The incumbent also assists to monitor and periodically test the business operations' adherence to day-to-day policies and procedures. The incumbent needs to assist to oversee regulatory compliance, AML/ATF, anti-bribery and corruption, FATCA/ CRS and related compliance testing. Assist Senior Manager, Compliance on the following areas: Keep abreast of the new laws, regulations, codes and guidelines issued by the Government and the regulators including the Ministry of Planning and Finance, Myanmar Financial Intelligence Unit, Insurance Association, Directorate of Investment and Company Administration, Central Bank of Myanmar, Communicate the regulatory requirements to the management and business operations and assist them to identify the gaps and actions to close the gaps. Understand and implement the Manulife corporate requirements locally and incorporate the requirements in the business process. Provide update and report to Asia Compliance as per the corporate requirements. Build a close partnership with the business and have regular communication with them. Be proactive and stay on top of the business initiatives and ensure that local regulatory compliance and Manulife corporate requirements are complied with and incorporated in the business process and sufficient compliance controls are set up. Where incidents arise, advise the business the mitigating action to be taken and minimize reputational and regulatory compliance impact. Escalate significant incidents promptly to Senior manager, Compliance. [corporate compliance reporting specifically] Implement regulatory compliance program and the three-lines of defence model with compliance being the second line according to the Manulife corporate requirements. Timely update the regulatory requirements and issues in the corporate compliance management system and compile quarterly compliance reports to Asia Compliance. [training specifically] Promote compliance culture in the business and provide training to the company employees and agents on regulatory compliance requirements and Manulife corporate requirements including launch of e-training and awareness program. Carry out the compliance monitoring and testing function in Myanmar. Document the review and testing results with Manulife record management standard. Review, approve & report on the matters relating to the corporate compliance such as compliance exception cases/ Bridger hit cases / EDD against individual customers and entity including partnership. Monitor, control & advise against corporate compliance works, AML, ABAC, Privacy, Record Management, etc. Prepare and present corporate compliance reports to senior management Participate in ad hoc compliance or other special projects and reviews as may be required from time to time. About Manulife and John Hancock Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html . Manulife is an Equal Opportunity Employer At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law. It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact hr@manulife.com . Working Arrangement In Office