Compliance Officer

The Compliance Officer supports the Group Compliance Officer in overseeing, monitoring and coordinating various Compliance activities within their area of responsibility in order to properly implement the Compliance Program. This includes the management, timely dissemination and awareness of various regulatory compliance requirements, guidance and opinions on interpretation of regulations applicable to the business, review of compliance with statutory requirements, compliance matrices’ residual risk analysis, liaising with the regulators, and monitoring of status and commitments to the BSP’s report of examination issues.

Responsibilities

Compliance Management

• Review and update compliance-related documents, such as, but not limited to policies, standards, procedures, forms, templates, guidelines and/or proposals for regulatory consistency or which require BSP approval, related to the business area.
• Facilitate the timely submission of 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 cascade of Compliance, AML/FATCA, and Data Privacy-related advisories to Global Markets for issuances relevant to the business.
• Handle coordination during regular and special audit examinations and monitor the submission of, and completion of, audit requirements.
• Act as liaison between Global Markets and Compliance Office for queries and requests for guidance.
• Remain 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
  
  

• Identify and continuously update the compliance matrix and assist the business in the submission of results of self-assessment activities
• Facilitate the assessment of relevant laws and regulations in coordination with affected units to identify the residual risk exposure in accordance with the approved BPI Compliance System Manual and mitigate controls to prevent or avoid risk of non-compliance
• Conduct periodic compliance independent testing and validate the compliance of the units within the area of responsibility
• 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
  
  

• Continually monitor the resolution / committed action plans on BSP ROE issues, Compliance Office findings, and Internal Audit compliance-related findings.
• 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.
  
  

• Education - Graduate of Business or Banking and Finance or Management or Accounting or Law
• Experience – At least 1 year relevant work experience in Compliance / Risk Management or Audit
• Knowledge – Understanding of relevant laws and regulations and their potential impact on the Treasury business/operations/services and the principles/framework of bank compliance
• Skills – Strong attention to detail, analytical-thinking, problem solving and decision making. Good people management skills and adept with basic computer functions. Proficient in written and oral communication.