Unable to create retention policy

[Shiva_neshan]

Hi,
I tired to create rentention policy for my site, when I finish by clicking create policy it shows an server error. 

And also here no location shown up in choose location page

Please help me out from this
Thanks in advance

[#2]

@Shiva_neshan 

Hi, what roles do you have in M365 please?  Global Admin and/or Compliance Administrator?

[#3]

Thanks Peter,
I have golbal reader and sharepoint admin roles only, So i want to assign any other roles?

[#4]

@Shiva_neshan 

Yep, that will be your problem.  You will need at minimum the Compliance Administrator role assigned to your account in order to be able to create retention policies.

[#5]

Okay Peter Thanks for your response.