Compliance - Regulatory Compliance Officer

The Compliance Officer will assist the Chief Compliance Officer (CCO), Deputy Compliance Officer, Head of the Regulatory Compliance Department (RCD) and Supervisors of RCD Unit 2 and in carrying out compliance support and oversight functions. Lead and support the implementation of the Bank's Compliance Program, which encompasses the identification, monitoring, and mitigation of compliance risks.

Responsibilities:

I. Communications and Advisory

1. Ensure that business and support units are informed of new or amended regulations and legislation by preparing and disseminating synopses and key takeaways.
2. Issue timely reminders to business and support units regarding non-routine regulatory requirements or as necessary.
3. Report compliance issues to the Institutional Compliance (RCD 2) Unit Head and/or the RCD Department Head.
4. Prepare relevant compliance communications, reports, and documentation to support regulatory awareness and adherence across the organization.

II. Liaison with Regulators

1. Coordinates requirements pertaining to regulatory on-site/off-site reviews;
2. Coordinates queries/requests for regulatory off-site reviews;
3. Monitors and tracks submission of responses to regulatory requirements during on-site and off-site regulatory reviews;
4. Monitors and tracks action items and deliverable from on-site/off-site regulatory reviews;
5. Establish and maintains harmonious relationship with the regulators
6. Handles other queries/requests/requirements of various regulators;
7. Assesses items for escalation pertinent to regulations and regulator's requirements.

III. Compliance Risk Management

1. Identifies applicable regulatory requirements and legislation, conducts preliminary assessments of compliance risks, and supports ongoing monitoring of the bank's adherence through the Regulatory Compliance Testing Checklist (RCTC).
2. Collaborates with the Independent Compliance Testing (ICT) Unit to facilitate periodic reviews of regulatory compliance by business support units, ensuring alignment with internal standards and external requirements.
3. Monitors and coordinates the resolution of compliance issues, including findings, breaches, and risks identified from internal audits, external examinations, or regulatory reviews, ensuring timely and effective remediation.

IV. Additional Duties

1. Alternate handling officer for Reports on Crimes and Loses (RCL)
2. Assist in the collation, follow ups and preparation of reports to BAC, Board and Management as directed by Compliance Management.
3. Perform other duties that may be assigned from time to time.

Qualifications:

• Bachelor's Degree holder.
• Minimum of 3 years experience in Regulatory Compliance gained from a bank or financial institutions.

Candidate must be willing to work on site and be assigned in Makati or Ortigas.