Executive search firm Monroe Consulting Group Philippines is recruiting on behalf of a prestigious commercial bank in the Philippines that offers a wide range of deposit products, flexible loans, high-yield investment options, asset management, and other financial services. The bank is looking for an experienced Compliance Officer for a hybrid work arrangement based in Greenhills, San Juan.
Key Job Responsibilities:
Anti-Money Laundering (AML) Officer
- Assist the AML Compliance Head in implementing the Bank's control framework to ensure adherence to Anti-Money Laundering (AML), Combating Terrorism Financing (CTF), and Combating Proliferation Financing (CPF) policies.
- Ensure sanctions lists and the Bank's internal watchlist are updated and accurately maintained.
- Perform reverse screening of customers, Ultimate Beneficial Owners (UBOs), and Authorized Signatories (AS) using internal databases.
- Review screening results and escalate any alerts or red flags in accordance with internal protocols.
- Prepare and file Suspicious Transaction Reports (STRs) as warranted.
Compliance Testing Officer
- Assist the Compliance Testing Officer - Head (CTO Head) in conducting tests and validations of the Bank's control framework.
- Perform regular compliance reviews to assess the Bank's adherence to regulatory requirements and internal policies.
- Document testing results, findings, and observations, ensuring accuracy and completeness.
- Coordinate with various departments to gather data, resolve discrepancies, and clarify compliance gaps.
- Provide recommendations for corrective actions to improve internal controls and mitigate regulatory risks.
- Support the preparation of reports for senior management and regulatory bodies.
Regulatory Compliance Officer
- Assist the Regulatory Compliance Head (RC Head) in carrying out advisory and monitoring functions related to banking laws and regulations.
- Provide guidance to the Bank's employees regarding regulatory requirements and best compliance practices.
- Monitor regulatory updates, circulars, and issuances, and ensure appropriate dissemination across the organization.
- Support the development and implementation of policies to ensure the Bank's compliance with applicable laws.
- Participate in regulatory reviews, internal audits, and compliance assessments as needed.
- Prepare compliance reports and assist in responding to inquiries from regulatory bodies.
Key Job Requirements:
- Bachelor's degree in Finance, Business, Accounting, or any related field.
- Must have experience working in the banking industry.
- Anti-Money Laundering (AML) Officer: At least 2-3 years of experience in AML operations, compliance, or financial crime risk.
- Compliance Testing Officer: At least 2-3 years of experience in compliance testing, audit, internal controls, or risk management.
- Regulatory Compliance Officer: At least 2-3 years of experience in regulatory compliance or financial services compliance.
- Must have strong verbal and written communication skills.
