Compliance Officer BSP

Qualifications

• Experience as Compliance Officer or equivalent role within the financial services and remittance industry.
• Must possess excellent oral and written English and Filipino communications skills.
• Good problem solving and decision-making skills.
• Highly organized; able to keep schedules and commitments.
• Has a keen eye for detail.
  
  

• In accordance with the company’s policy, direct the BSP/AMLA programs and ensure compliance with BSP and AML laws, regulations and regulatory guidance under the direction of Management.
• Perform transaction monitoring and investigates potential suspicious activity.
• File and submit Suspicious Activity Reports within the stated reporting requirements.
• Initiate applicable communication efforts with other financial institutions and law enforcement agencies, as required.
• Oversee, develop and perform annual AMLA training for all staff; ensure timely training for new hires.
• Participate and lead in briefings to management and staff about BSP/AMLA compliance issues, and respond to BSP/AMLA questions from branch and department personnel.
• Develop, implement, update and maintain BSP operational policies and procedures.
• Generate and perform reviews of Office of Foreign Asset Control (OFAC) reports within regulatory guidelines and guidance with reporting to regulatory agencies.
• Act as the point of contact for regulators of BSP/AMLA matters
• Conduct comprehensive Third-Party Due Diligence as a part of managing risk and ensuring compliance with regulations.
• Ensure full compliance with the company’s policies and procedures.
• Consult with the Corporate attorney as needed to resolve difficult legal compliance issues.
• Provide reports on a regular basis, and as directed or requested, to keep senior management informed of the operation and progress of compliance efforts.
• Develop, initiate, maintain, and revise policies and procedures for the general operation of the Compliance Program. Manage the day-to-day operation of the Program.
• Prepare and submit truthful, accurate, complete and timely reports on assigned accounts whenever required (weekly, monthly, quarterly and annually) including analysis and recommendations.
• Perform various admin-related work and submit corresponding documents to ensure compliance with office administration like HRD and Finance.
• Performs other job-related duties that may be assigned by superior from time to time.