Your Impact on the Business. The Sr. Due Diligence Officer renders assistance to the Due Diligence Head in administering and establishing measures and controls of the Company in compliance with national and local government laws and regulations, among them, those of the Bangko Sentral ng Pilipinas (BSP) and policies of Convera (formerly Western Union Business Solutions) together with the Compliance Department.
Reviews and evaluates compliance issues and concerns within the organization, specifically on matters and initiatives involving prevention of fraud-induced money transfers and maintaining a culture of Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) compliance, apart from providing guidance and advice to the Company in relation thereto.
- Supervisor Responsibility
Providing coaching, development, and performance management for the FOREX team within the scope of AML and KYC. (E.g. Training for Newly Hired Forex Account Officers and Refresher sessions if applicable)
_Regulations, Policies and Procedures
_- Providing general AMLA and/or Compliance advisory and guidance to PETNET Forex Solutions Department.
Disseminating new and updated laws, BSP and AMLA regulations and Convera policies as advised by the Compliance Team.
- Ensuring strict compliance of the Forex Solutions department and its employees with all applicable AML/CTF laws and regulations, Know-Your-Customer (KYC) procedures, and reporting of Covered Transactions (CTRs) and Suspicious Transactions (STRs) of the Forex Department. Conducting/coordinating AMLA and Compliance introductory and refresher training for the Forex Department employees.
Conducting initial reviews and enhanced due diligence of all Forex Department Client applications, especially those classified as high risk entities, prior to their endorsement for approval as registered Forex Department clients.- Perform KYC reviews and endorsements for all External referrer and External Sales Agent of all Forex Department applications
Helping to identify the risks that the Company may face in relation to money-laundering and terrorism financing.
- Providing guidance to PETNET Forex Solutions Department in assessing risks which may affect customers and pose as reputational threats to the Company.
Responding to requests of AMLC, Convera, and/or other regulators for documentation, such as but not limited to, original POPs and identification cards of customers.- Submitting required reports to relevant government agencies and entities (e.g. BSP and AMLC).
Coordinating with necessary departments in cases of AMLC and/or Convera Fraud Risk Management (FRM) requests for Suspicious and Transaction Analysis reports.
- Coordinating with Compliance and responding to alleged fraud and non-compliance findings by Convera International.
Assisting in the conduct of investigations of PETNET Forex Solutions department subject of alleged fraud or Compliance violation findings by CONVERA Compliance/International.- Reporting to the Forex Solutions Department any significant findings on non compliance to KYC, reporting of CTRs and STRs, and others.
Communicate corrective actions to be undertaken in respect of PETNET Forex Solutions employees for non-observance of applicable laws, regulations, and policies of among others, the BSP, AMLC, and Convera.
- Assisting other departments of the Company in matters relating to Compliance (e.g., filling out documents relating to AML/Counter Terrorism to open bank accounts).
Assisting in conducting seminars and training for newly hired staff and officers of Petnet Forex Solutions.- Regularly updating necessary trackers for monitoring, data processing and reporting purposes.
Proper monitoring of accounts due for suspension as a result of document deficiency.
- Reviewing client applications/onboarding requirements of the Forex Department and coordinating with the Company's employees handling operations and transactions.
Review and approve Low risk clients for onboarding.- Review and endorse for approval, medium - high risk clients for onboarding.
Performing other duties as may be assigned from time to time by superiors.
- Provide guidance and assistance to Due Diligence Associates on daily tasks.
Education. Graduate of any Management Course, preferably Legal Management; Law Graduate preferable
- Experience. At least 2-4 years of work experience, preferably in a financial industry
Skills.
Time management skills, sound judgment, keen sense of urgency and personal integrity, knowledge of Data Privacy, and regulations in the financial institutions;Working Setup.
Hybrid, at least 1-2x a week in the HQ located in Legaspi Village, Makati; andWorking Schedule. Monday to Friday.
Our Purpose: To empower and uplift Filipinos by providing access and choices for financial inclusion
- Our Mission: We put the customer first by delivering innovative, reliable, and secure solutions to all our stakeholders and through digital and human touchpoints.
Our Vision:
A nation where financial services are inclusive and borderlessIndustry Leadership:
As a subsidiary of Union Bank of the Philippines, PETNET is backed by a strong financial institution that leads the way in delivering innovative solutions and revolutionizing the banking industry.Professional Growth: We foster a culture of continuous learning and personal development. By joining our team, you will have access to training programs, mentorship opportunities, and a supportive work environment that encourages growth and progression.
- Team Collaboration: At PETNET, we believe in the power of collaboration and teamwork. You will have the opportunity to work alongside talented professionals, exchange ideas, and contribute to meaningful projects that shape the future of financial services.
Impactful Work:
Our services play a crucial role in facilitating global transactions, cross-border payments, and financial inclusivity. By joining us, you will make a tangible impact on individuals, businesses, and communities, both locally and globally.
If you are driven, innovative, and eager to make a difference, we invite you to join our team at PETNET. Be part of an organization that values excellence, fosters growth, and champions transformative solutions in the financial services sector.
Apply now via [Confidential Information] and embark on a rewarding career journey with PETNET. Together, let's shape the future of financial services!
Job Type: Full-time
Benefits: Health insurance
Schedule:
Supplemental pay types:
Performance bonus
Application Question(s):- How many years have you worked in a Banking/Financial Industry setting
Education:
Bachelor's (Required)
