JOB SUMMARY
Under the direct supervision of the Branch Compliance Testing Section Head, performs activities of the Compliance Testing and Validation Department related to the implementation of the Bank's Compliance Program and adherence by Branches to regulatory requirements and/or standards in the performance of business or functions, as the case may be.
JOB DESCRIPTION
- Preparation and updating of the Bank's Compliance Testing Plan
- Identification of relevant banking/AML laws, rules, regulations, policies and ethical standards on banking operations and identification and analysis of corresponding compliance risks
- Coordination with branch personnel concerned in the implementation of the Compliance Program, particularly the Compliance Testing Plan.
- Assists in the preparation of training materials on the Bank's Compliance Program, Compliance Testing Methodology, among others and/or conducts lectures on the same.
- Facilitates the coordination with branches with regards to documentary and other examination requirements during regular BSP and other regulatory examinations
- Conducts independent compliance testing of Branches relating to banking/AML laws, rules and regulations; maintains working papers/documentation of findings and prepares corresponding comment sheets;
- Coordinates with the Branch Management regarding findings/exceptions noted in order for the Branch to respond and/or take appropriate course of action;
- Discusses with Branch Management significant issues as a result of the independent compliance testing, explain attendant compliance risks and secures actions to be taken including specific time table on noted exceptions/observations;
- Prepares draft report for endorsement to and review of the Compliance Testing Section Head (SH) and assists the SH in preparation of report of results to the Corporate Governance Committee and the Anti-Money Laundering Committee;
- Monitors the status of remedial plans taken on issues arising from Independent Testing and assist in the preparation of updates to the Corporate Governance Committee and the Anti-Money Laundering Committee for review of the SH;
- Prepares initial new/updated Compliance Program related to banking/AML laws, rules and regulations that will be recommended by the SH based on the results of ICT which will supplement/improve the conduct of compliance testing for review of the SH.
- Prepares summary reports and presentation materials for Corporate Governance Committee and other Bank committees, as needed.
- Promotes best practice and ethical standards.
- Performs other tasks that may be assigned from time to time.
JOB QUALIFICATION
- Must be a graduate of Accountancy, Internal Audit, or Banking and Finance
- With at least 2 years of relevant experience in Internal Audit and/or Regulatory Compliance
- Strong understanding of banking operations, regulatory frameworks, and risk management practices
- Excellent analytical, communication, and report-writing skills
- Ability to work independently and collaboratively in a fast-paced environment
