Compliance Manager

I. POSITION OVERVIEW

The Compliance Manager supports the Chief Compliance Officer (CCO) in ensuring that the Bank operates in full adherence to applicable laws, rules, and regulations, particularly those issued by the Bangko Sentral ng Pilipinas (BSP), Anti-Money Laundering Council (AMLC), Securities and Exchange Commission (SEC), and National Privacy Commission (NPC).

II. KEY RESPONSIBILITIES

A. Assistance to the Chief Compliance Officer (Appendix 75, Sec. 2.1)

• Assist the CCO in the overall administration of the compliance system and in implementing the Board-approved compliance program.
• Prepare compliance reports, risk assessments, and monitoring results for the CCO’s review and endorsement to the Board and senior management.
• Coordinate with all departments and branches for information and documents required by the CCO.
• Act as point of contact for compliance-related matters when delegated by the CCO.

B. Compliance Testing & Monitoring (Appendix 75, Sec. 2.2)

• Assist in designing and executing the annual compliance testing plan, ensuring risk-based coverage.
• Conduct periodic monitoring and compliance testing of transactions, processes, and branches to evaluate adherence to laws, regulations, and internal policies.
• Document testing results, identify deficiencies, and recommend corrective actions.
• Monitor and follow up on implementation of agreed remediation measures.

C. Regulatory Compliance Oversight (Appendix 75, Sec. 2.3)

• Track and disseminate new and amended BSP regulations, AMLC issuances, and other applicable laws.
• Ensure timely and accurate submission of BSP, AMLC, and other regulatory reports.
• Maintain an updated compliance database and regulatory checklist.

D. Anti-Money Laundering & Counter-Terrorist Financing (Appendix 75, Sec. 2.4)

• Support the CCO in implementing AML/CFT programs, including Customer Due Diligence (CDD) and ongoing monitoring.
• Conduct investigations on suspicious activities and prepare reports for submission to AMLC through the CCO.
• Monitor STR/CTR filings to ensure timeliness and accuracy.

E. Policy Development & Training (Appendix 75, Sec. 2.5)

• Draft and update compliance-related policies and manuals for CCO and Board approval.
• Conduct or coordinate compliance, AML, and regulatory awareness training for officers and staff.

F. Regulatory Liaison & Examination Support (Appendix 75, Sec. 2.6)

• Assist the CCO in preparing for BSP and AMLC examinations.
• Provide requested documents and explanations to regulators in coordination with relevant units.
• Help manage post-examination compliance with regulatory findings and commitments.

G. Reporting to the Board and Senior Management (Appendix 75, Sec. 2.7)

• Prepare supporting data for quarterly compliance reports to the Board of Directors and the Audit & Compliance Committee.
• Maintain records of compliance breaches, regulatory findings, and status of corrective actions.

III. QUALIFICATIONS

Education:

• Bachelor’s degree in Business Administration, Legal Management, Accountancy, Finance, or related field.
• Completion of BSP-required AML/CFT and compliance trainings preferred.

Experience:

• Minimum 3–5 years in compliance, risk, audit, or regulatory roles in banking/finance.
• Strong familiarity with BSP MORB, AMLA, and other relevant laws.

Skills & Attributes:

• Strong analytical and problem-solving skills.
• Excellent oral and written communication.
• High ethical standards and professional integrity.
• Ability to work in hybrid settings and manage multiple deadlines.