Deputy Compliance Head

The Deputy Compliance Head is the second-in-command of the Legal and Compliance Team and the successful incumbent should be well-rounded and familiar with functions under the Regulatory and Group Compliance and Governance, Anti-Money Laundering and Combating the Financing of Terrorism, Data Privacy, Monitoring and Testing, and Fraud

As a Compliance leader, the Deputy Chief Compliance Officer will be actively engaged with multiple businesses to provide compliance advice, monitoring and oversight of effective Programs. The incumbent must have the ability to act as a Deputy in the absence of the Chief Compliance Officer.

KEY FUNCTIONS AND RESPONSIBILITIES

Strategic Operations & Management:

• Collaborate with the Chief Compliance Officer in formulating and executing strategic plans for the Compliance Department.
• Oversee day-to-day operations, ensuring alignment with strategic objectives.
• Manage resources effectively to support the achievement of compliance goals.

Stakeholder's Management

• Establish and maintain effective relationships with internal and external stakeholders, including regulatory bodies.
• Serve as a key liaison between the Compliance Department and other business units or departments.

Risk-based Compliance Framework

• Contribute to the development and enhancement of a comprehensive risk-based compliance framework.
• Collaborate with the Chief Compliance Officer to identify, assess, and mitigate compliance risks.

Corporate Communications & Training

• Develop and implement communication strategies to promote a strong compliance culture within the organization.
• Oversee compliance training programs for employees to enhance awareness and understanding of compliance standards.

Project Management & Business Process Improvement

• Lead and participate in compliance-related projects, ensuring timely and successful completion.
• Identify opportunities for business process improvement within the Compliance Department and oversee their implementation.

Regulatory and Group Compliance

• Provide oversight and management of regulatory compliance activities.
• Ensure that organizational structures comply with local regulatory requirements.

Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT):

• Oversee the AML/CFT program, ensuring compliance with regulatory requirements.
• Formulate policies, procedures, and controls for AML/CFT in alignment with industry best practices.

Monitoring and Testing

• Oversee monitoring and testing programs to ensure ongoing compliance.
• Conduct periodic reviews and assessments to identify and address compliance gaps.

Legal

• Provide oversight for legal compliance matters, collaborating with our company legal counsel when necessary.
• Ensure that internal frameworks and policies reflect changes in local laws and company policies.

Fraud

• Oversee fraud prevention and detection initiatives.
• Conduct investigations into possible breaches of policies and report irregularities.

Continuous Improvement

• Continuously monitor and evaluate the effectiveness of compliance controls.
• Recommend and implement improvements to enhance the overall compliance program.

People Development

• Builds the capabilities of the Legal & Compliance Department by proactively managing the performance and competency development of each team member;
• Assists in Implementing Performance Management of team members from performance, planning, monitoring, evaluation, and improvement to ensure career progression;
• Ensures that each team member has an Individual Development Plan to facilitate competency growth;
• Clarifies the roles, responsibilities and KPIs of each team member are understood to ensure achievement of targets; reviews and initiates modification as business requires;
• Trains and mentors team members in the execution of their duties, ensuring constant improvement in their professional skills, and preparing them for succession planning;
• Motivates, inspires and disciplines, when needed, team members to maximize their potentials and capabilities; and
• Create an atmosphere of respect, trust and accountability among team members to facilitate analytical, problem-solving and innovative thinking.

Others

• Perform tasks that may be assigned from time to time.

Qualification:

• Education: Bachelor's Degree in Accountancy, Law or equivalent;
• Experience: Minimum of 7 years working experience in compliance management in a Financial Industry preferably in the non-bank institution;
• Extensive relevant industry experience with a deep conceptual understanding of Corporate Governance, Regulatory Compliance, Anti Money Laundering, establishing control frameworks;
• Proven experience in maintaining a good relationship with regulators;
• Significant experience of leading at a senior level, interpreting and delivering against strategic objectives; and Leadership experience of at least 2 years.
• Skills:

> Assessing PETNET's compliance culture and designing training programs to address gaps

> Knowledge with laws and regulations governing financial institutions

> Knowledge of compliance law and regulation in leading jurisdictions

> Experience of writing reports at Board level

> Excellent written skills experience of drafting and editing a variety of different documents

> Ability to understand broader business issues

> Communication and presentation skills

> Impeccable Communication skills

> Interpersonal and diplomacy skills able to deal with stakeholders of all levels

> Understanding and ability to maintain confidentiality

• Working Setup. Enjoy the best of both worlds with our hybrid work setup. You'll have the flexibility of working remotely for the majority of the month, while still being able to connect with the team and collaborate at our headquarters located in the vibrant Legaspi Village, Makati. You'll be able to enjoy the benefits of a dynamic work environment and engage in face-to-face interactions with colleagues at least 5 times a month.
• Working Schedule. Achieve work-life balance with our Monday to Friday schedule, totaling 44 hours per week. We understand the importance of maintaining a healthy and fulfilling lifestyle outside of work, and we believe in providing our employees with a schedule that allows for personal and professional growth.

Why Join us

• Our Purpose: To empower and uplift Filipinos by providing access and choices for financial inclusion
• Our Mission: We put the customer first by delivering innovative, reliable, and secure solutions to all our stakeholders and through digital and human touchpoints.
• Our Vision: A nation where financial services are inclusive and borderless
• Industry Leadership: As a subsidiary of Union Bank of the Philippines, PETNET is backed by a strong financial institution that leads the way in delivering innovative solutions and revolutionizing the banking industry.
• Professional Growth: We foster a culture of continuous learning and personal development. By joining our team, you will have access to training programs, mentorship opportunities, and a supportive work environment that encourages growth and progression.
• Team Collaboration: At PETNET, we believe in the power of collaboration and teamwork. You will have the opportunity to work alongside talented professionals, exchange ideas, and contribute to meaningful projects that shape the future of financial services.
• Impactful Work: Our services play a crucial role in facilitating global transactions, cross-border payments, and financial inclusivity. By joining us, you will make a tangible impact on individuals, businesses, and communities, both locally and globally.