GROUP COMPLIANCE OFFICER

The Group Compliance Officer function is to oversee, monitor and coordinate the implementation of the Compliance Program within their assigned areas of responsibilities. It includes the proper and timely dissemination and implementation of the various compliance requirements, compliance education and awareness; the conduct of compliance review, independent compliance testing, monitoring and reporting; assessment of the effectiveness of the compliance program and implementation of corrective action plans.

Responsibilities

• Review of compliance-related documents such as but not limited to policies, standards, procedures, forms, templates, guidelines and/or proposals for regulatory consistency or requiring BSP approval related to the assigned business area.
• Facilitate the review, certification (if applicable) and timely submission of all related regulatory reports and other documentary submissions of the group to the Compliance Office, the BSP and other regulatory agencies (e.g Report on Crimes and Losses)
• Provide compliance awareness through: prompt dissemination of Compliance and AML/FATCA-related circulars, updates and bulletins to all concerned officers and employees and acts as the contact point for compliance queries and provide guidance for regulatory consistencies.
• Serve as the contact for regular and special regulatory examinations, monitors the submission and completion of requirements and issues including AMLA / FATCA related.
• Serve as a Compliance liaison officer/contact person to ensure effective collaboration of the Compliance Office with the individual business units
• Be updated with regulatory changes and expectations through attending compliance-related trainings, symposiums and meetings/discussions to ensure alignment of business plans/strategies with regulatory requirements.
• Assist in the identification and continuous updating of the regulatory compliance matrix with relevant laws/regulations and standards
• Facilitate the assessment of relevant laws and regulations in coordination with the affected units to identify the residual risk exposure in accordance with the approved BPI Compliance System Manual and mitigating controls to prevent or avoid risk of non-compliance;
• Conduct the periodic compliance independent testing and validate the compliance of the units within the area of responsibilities;
• Conduct gap analysis and assessment of new regulatory requirements and/or amendments and monitor the compliance to the said requirements and/or conditions, as necessary
• Assist the business units in the submission of the results of the periodic self-assessment in a form of written certification to Compliance Office within prescribed deadline covering the following: that all applicable laws and regulations affecting the group is being complied with; or that Compliance areas or business risks were identified; that appropriate compliance measures are taken
• Continually monitor the resolution / committed action plans on BSP ROE issues, Compliance Office findings, Internal Audit compliance-related findings.
• Collaborate with other units for a possible collective risk assessment strategy and/or risk mitigation.
• Submit a periodic status report to Compliance Office on actions taken on the violations/breaches until the exceptions have been fully addressed/resolved.
• Assist the business units in the safe-keeping of supporting documents used as basis of the compliance self-assessment and make it available upon request by the Compliance Office and examiners.
  
  

• Graduate of Business, Banking and Finance, Management, Law or other related course
• At least 2 years relevant work experience in Compliance/Risk Management or Audit
• Understanding of relevant laws and regulations and their potential impact on the Bank’s operations/services and the principles/framework of bank compliance
• Excellent in verbal and written communication, strong attention to detail, analytical-thinking, and decision making, people management skills, adept with basic computer functions