Executive search firm Monroe Consulting Group Philippines is recruiting on behalf of a leading professional services firm that provides audit, tax and other business services. The client is looking for an experienced Compliance Manager well-versed in AML and Compliance functions. The job is based in Makati City, Philippines.
Job summary:
The function assists the Compliance Officer (CO), and the company to ensure that the company acts responsibly. He/She helps in ensuring that the company complies with applicable laws, regulations and rules, and in helping to preserve the integrity and reputation of the entity.
Having a strong Compliance can make the business more competitive and can be a differentiator/ an advantage from its competitors. It reduces business risks and can incite new revenue streams.
Key Responsibilities:
AML
- Prepare, update when necessary and implement the Company's AML-CTF (Anti-Money Laundering- Counter Terrorist Financing) Program
- Ensure that all AML-related activities (including but not limited to KYC (Know Your Client), transaction monitoring, case management and Covered Transaction/Suspicious Transaction reporting) are performed timely and issues, if there are any, are addressed appropriately, timely and escalated to the Management
- Coordinate with the business units on the proper implementation of AML activities including projects and initiatives that will comply with regulations
- Coordinate with concerned units, including IT and vendor for the data needed to meet the AML requirements
General Compliance
- Prepare, update when necessary and implement the Company's Compliance Program
- Provide guidance/ inputs in the draft of appropriate policies and procedures to align/ comply with the rules and regulations
- Disseminate relevant regulatory issuances to the concerned units
- Review new products and business initiatives to check if they are in accordance with all applicable compliance-related rules, regulations and codes of practice
- Perform compliance review and testing
- Oversee the management of regulatory examinations and in facilitating discussions with the examiners
- Coordinate with various units of the Company for any undertaking of the Compliance team
Other Functions
- Supports all endeavors of the Compliance Officer in the overall implementation of the Company's compliance system, including but not limited to the AML program, data privacy as well the compliance standards as mandated by the Region/Group
- Perform other functions as may be assigned by the Compliance Officer, the President and/or Board of Directors or designated Board-level committee
Key job requirements include:
- Bachelor's degree in business, management, legal management or related disciplines
- Preferably attended a one-year course on Trust Operations
- Juris Doctor degree or equivalent is an advantage
- CPA is an advantage
- At least five (5) years creditable experience on regulatory compliance, compliance management, anti-money laundering or related disciplines
- Preferably at least three (2) years creditable experience on trust operations
- Proficient with Philippine laws, rules and regulations applicable to trust corporations, such as but not limited to:
- Regulations of the Manual of Regulations for Non-Bank Financial Institutions (MORNBFI),
- and other relevant policies
- Strong background on AML Rules and Regulations as well as global best practices in Anti-Money Laundering and Anti-Terrorist Financing
- Familiar with trust products
- Trust business experience is an advantage
- Must have foresight in identifying compliance risks and possible impact of violation in laws and regulations.
- Must have acquired skills and expertise to provide appropriate guidance to the Company on the development, implementation and maintenance of the compliance program.
- Excellent investigative, problem-solving and analytical skills.
- Driven and results-oriented
- Excellent oral and written communication skills and able to effectively communicate with all levels in the organization
- Has good interpersonal skills to influence and impact business decisions
- Must be able to network with and manage stressful situations with internal and external stakeholders and regulators
