Compliance Officer

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