Job Description
Key Responsibilities:
You will:
- Develop and implement the Compliance Program, including policies and procedures that ensure adherence to regulatory requirements.
- Identify, assess, and monitor compliance risks affecting the bank and recommend appropriate control measures.
- Oversee preparation of the Annual Compliance Plan, including risk-based compliance testing and monitoring activities.
- Ensure the bank’s Compliance System is aligned with BSP requirements, including governance structure and internal controls.
- Serve as the primary point of contact with the BSP on compliance matters.
- Oversee timely submission of all regulatory reports such as the Compliance Officer’s Annual Report, AMLA-related filings and other required reports.
- Monitor new laws, regulations, and BSP issuances, assess their impact, and ensure timely implementation within the bank.
- Serve as the primary point of contact with the BSP on compliance matters.
- Oversee timely submission of all regulatory reports such as the Compliance Officer’s Annual Report, AMLA-related filings and other required reports.
- Monitor new laws, regulations, and BSP issuances, assess their impact, and ensure timely implementation within the bank.
- Conduct compliance reviews and testing to evaluate adherence to regulatory requirements and internal policies.
- Prepare and submit Compliance Monitoring Reports to management and the Board-level Compliance Committee.
- Ensure that findings and regulatory exceptions are corrected and addressed promptly.
- Provide compliance advice to business units on new products, services, and processes.
- Oversee regular compliance training programs to promote a strong compliance culture across the bank.
- Ensure that employees understand their regulatory obligations and the importance of compliance.
- Maintain independence from business units.
- Provide direct reporting access to the Board of Directors and its Compliance Committee.
Qualifications:
- Bachelor’s degree in Accountancy, Finance, Business Administration, or similar.
- 5–8 years of compliance, audit, or risk experience, ideally in banking or financial services.
- Strong command of BSP regulations, MORB/MORNBFI, and AMLA guidelines.
- Confident in handling regulatory interactions and audits.
- Analytical, detail-oriented, and ethical; strong documentation and communication skills.
- Must be willing to work onsite in Iloilo.
Work Location: Iloilo City
Work Set- Up: Onsite, Banking Hours