Position: Compliance Officer (Assistant to the CCO)

Location: Makati

Responsibilities:

• Assist the Chief Compliance Officer (CCO) in administering the Compliance Program, promoting its effective implementation, addressing breaches, and liaising with the Bangko Sentral ng Pilipinas (BSP) and other regulatory agencies.
• Assist the CCO in managing and controlling the Branch’s compliance with the regulations of relevant regulatory bodies, including but not limited to BSP, Anti-Money Laundering Council (AMLC), Securities and Exchange Commission (SEC), Philippine Deposit Insurance Corporation (PDIC), and National Privacy Commission (NPC).
• Execute and implement Compliance AML processing activities such as:
• AML Watchlist updating (e.g., AMLC Watchlist, Patriot Watchlist).
• Customer profiling and investigation when needed.
• Processing and reporting requirements.
• Conduct suspicious transaction investigations, evaluations, and processing.
• Prepare and submit AML reports, including Covered Transaction Reports (CTR) and Suspicious Transaction Reports (STR).
• Review, manage, and administer FAML (Financial Anti-Money Laundering) scenarios.
• Execute and implement Compliance and AML Self-Assessment/Testing procedures.
• Provide functional support to the CCO in all compliance functions related to banking and AML regulations, as well as Head Office (HO) and local compliance-related requirements, policies, and procedures.
• Ensure the following activities are properly executed:
• Track new laws and regulations through BSP, AMLC, SEC, BIR, DOF, and DOLE websites daily to identify relevant issuances affecting the Bank.
• Check newspaper websites daily for AML/CFT-related news (predicate crimes) for inclusion in the local Negative News File.
• Draft monthly and quarterly compliance reports, including:
• HO Monthly Report
• Compliance-AML Agenda
• Quarterly Regulatory Contact Report
• Monthly/Quarterly Regulation Change Report
• External Legislative Summary Report
• Ensure completeness, accuracy, and timeliness of all documentary submissions to BSP and other regulatory agencies.
• Implement and monitor governmental reports using the Compliance Calendar and Checklist.
• Assist in drafting or revising policies and procedures, ensuring their implementation, dissemination, and proper monitoring of actions on the NRAS (New Laws Action Sheet).
• Provide functional support for all training exercises related to compliance and AML.
• Perform other duties as may be assigned to assist the CCO.

Qualifications:

• Bachelor’s or Graduate Degree in Business, Finance, Law, or related field.
• At least 5 years of Compliance and AML experience in the financial industry.
• Experience in the banking industry is an advantage.

Work Location: Makati