Compliance Officer

Job Summary:

The Compliance Officer shall be responsible for:

• Ensuring compliance by all officers and employees of the Company with the policies, guidelines and procedures, implementing rules and regulations, and relevant regulations issued by its supervising authorities;

Conducting reviews and evaluating current processes, policies, and procedures and monitoring performance of staff involved in processing transactions, and in reporting and record-keeping functions to ensure full compliance with the AML/CTF obligations of the Company;

• Ensuring that all infractions, uncovered either by internally-initiated audits or by regular or special examinations conducted by the BSP, are immediately rectified and corrected;

Keeping himself/herself updated on all relevant new and prospective legislation, as well as resolutions, circulars, guidelines, rules, or other issuances of the BSP and the AMLC related to AML/CTF compliance, and informing the Board of Directors, officers, and employees of the Company accordingly.

• Coordinating with the Board and Senior Management to address any instances or incidents where the Company has failed or is failing to address AML/CTF issues, ensuring timely communication and collaborative efforts in implementing corrective actions.

Acting as a liaison between the Company and the Bangko Sentral ng Pilipinas and the Anti-Money Laundering Council on matters pertaining to compliance with BSP Circular No. 706 Series of 2011, the provision of the AMLA and its revised implementing rules and regulations.

• Principal Responsibilities:

Develop and implement a risk-based compliance program to meet regulatory obligations.

• Establish policy guidelines, procedures, and risk control measures.

Ensure all Company officers and employees adhere to approved policies and recommend disciplinary action for breaches.

• Review and evaluate current policies for relevance and effectiveness.

Advise the Board and Management on regulatory developments.

• Keep the Board and Management informed of compliance issues and recommend actions.

Report material breaches to the Board promptly.

• Provide compliance training for all Company personnel.

Maintain positive relationships with regulators.

• Prepare and submit regulatory compliance reports to relevant authorities.

Liaise with auditors on compliance matters and implement audit recommendations.

• Review and assist in handling complaints and investigations.

Ensure compliance with regulatory reporting requirements.

• Perform other duties as assigned by the Board related to compliance.

• Job Specifications:

Graduate of BS Accounting, Finance, or other Business-related degree;

• 10 15 years of legal or compliance experience;

Has excellent communication skills and strong functional compliance skill set;

• Has good understanding of Bangko Sentral ng Pilipinas (BSP) Circular No. 707 Series of 2011 (Updated Anti-Money Laundering Rules and Regulations), BSP Memorandum No. M-2012-017 (Anti-Money Laundering Risk Rating System), the Anti-Money Laundering Act of 2001 (Republic Act 9160 as amended by Republic Acts 9194, 10167 and 10365) and its Revised Implementing Rules and Regulations, and The Terrorism Financing Prevention and Suppression Act of 2012 (Republic Act No. 10168) and its Implementing Rules and Regulations.

Job Types: Full-time, Permanent

Benefits:

• Health insurance

Life insurance

• Opportunities for promotion

Promotion to permanent employee
Schedule:

• Day shift

Supplemental pay types:
* 13th month salary