Vice President – Treasury Back Office (Operation)

About the role

Position Details

• Department: Treasury and Markets
• Number of posts: 1
• Open to: male and female applicants
• Work location: MAB Bank, Yangon, Myanmar

Main Duties and Responsibilities

• Manage Treasury Operations and ensure accurate and timely settlement of Treasury transactions.
• Supervise Treasury settlement, reconciliation, and regulatory reporting activities and ensure proper operational controls are maintained.
• Ensure Treasury transactions, documentation, settlement, reconciliation, and regulatory reports comply with CBM regulations and the bank’s policies and procedures.
• Coordinate closely with Treasury Front Office, FI, Finance, Central Operations, Compliance, and other relevant departments to resolve settlement, reconciliation, and reporting matters.
• Identify operational issues, control gaps, and process inefficiencies and implement improvements to strengthen Treasury operations.

Detail Duties and Responsibilities

Treasury Settlement Operations - Supervise the daily settlement of Treasury transactions. - Ensure all transactions are properly confirmed, processed, authorized, and settled within the required timelines. - Ensure payment instructions and settlement details are accurate before transactions are released. - Monitor pending and failed settlements and ensure issues are investigated and resolved promptly. - Maintain proper maker-checker controls and segregation of duties within Treasury Operations. - Coordinate with Front Office, FI, Finance, and other relevant departments regarding transaction settlement and operational issues.

Reconciliation & Control

• Supervise daily reconciliation of Treasury transactions, Nostro accounts, settlement records, system records, and related General Ledger accounts.
• Review outstanding reconciliation items and ensure differences are investigated and cleared within an appropriate timeframe.
• Identify recurring reconciliation or settlement issues and recommend process improvements to prevent repeated errors.
• Ensure proper records and supporting documents are maintained for Treasury transactions.

Leadership & Process Improvement

• Manage the daily activities and workload of Treasury Operations staff.
• Develop a strong control culture within the team and ensure staff understand their responsibilities and escalation requirements.
• Review existing processes and identify opportunities to simplify, standardize, and automate Treasury operational activities.
• Support the development and improvement of Treasury procedures, controls, reporting processes, and system workflows.
• Promote teamwork, accountability, and continuous learning.

Job specification

• Degree in Business, Finance, Accounting, Economics, Banking, or related fields preferred. Other relevant backgrounds may be considered. ACCA or other accounting qualifications would be an advantage.
• 5–7 years of relevant experience in Treasury operations, banking operations, or related banking activities is preferred.
• Good understanding of accounting principles and transaction booking is required.
• Good understanding of Treasury products, particularly FX and Money Market transactions would be an advantage.
• Solid understanding of settlement processes, payment systems, SWIFT messages, Nostro accounts, and transaction reconciliation would be an advantage.
• Good knowledge of regulatory requirements, particularly CBM regulations and reporting requirements would be an advantage.
• Proficiency in MS Office, particularly Microsoft Excel, and in written and spoken English and Myanmar language.
• Strong attention to detail and ability to work accurately under time pressure.

Critical Competencies

• Strong attention to detail and accuracy, particularly in transaction settlement, reconciliation, accounting records, and regulatory reporting.
• Good understanding of settlement, reconciliation, and reporting process.
• Strong operational control and risk awareness.
• Ability to supervise staff and allocate work effectively

About MAB Bank

Myanma Apex Bank (MAB) is a private commercial bank in Myanmar offering retail, corporate, trade finance, card and digital banking services.

How to apply: Apply via MAB Bank's official careers page: open the vacancy, fill in the online application form and upload your CV. Apply here: https://www.mabbank.com/career/vice-president-treasury-back-office-operation/