Job Description
The Regulatory Compliance Lead shall provide strategic leadership over the organization's regulatory compliance governance framework and shall report directly to the Chief Compliance Officer (CCO).
Key Responsibilities
- Lead and oversee regulatory compliance governance across the organization, ensuring alignment with applicable laws, rules, and regulations, including but not limited to the BSP's Manual of Regulations for Non-Bank Financial Institutions (MORNBFI) and Manual of Regulations for Payment Systems (MORPS).
- Monitor regulatory developments and ensure timely cascading, interpretation, and implementation of new and amended regulatory requirements across the organization.
- Ensure timely, accurate, and satisfactory compliance with regulatory expectations by providing advisory support and recommendations to internal stakeholders.
- Oversee the prompt submission of regulatory reports, responses to regulatory findings and inquiries, and fulfillment of licensing and supervisory requirements.
- Monitor the resolution of regulatory issues and ensure the adequacy and effectiveness of internal controls in meeting regulatory requirements.
- Work closely with the CCO as the liaison with the Bangko Sentral ng Pilipinas (BSP) and its relevant departments on regulatory, supervisory, and licensing matters.
- Manage the regular review, updating, and effective implementation of the organization's Compliance Manual.
- Work closely with the CCO to ensure that the Compliance Risk Management Framework remains current, robust, and aligned with the organization's products, services, and risk profile.
- Prepare and present regular regulatory compliance updates, key issues, and emerging risks to Senior Management and the Board of Directors.
- Act as the lead owner and custodian of the Compliance Regulatory Inventory Matrix, ensuring completeness of applicable regulations, associated risk assessments, and corresponding mitigating controls.
- Serve as the Compliance point person for business initiatives, business cases, and matters raised by the First Line of Defense requiring regulatory compliance review and assessment.
- Coordinate closely with the Compliance Testing team to ensure regulatory requirements are appropriately incorporated into compliance testing plans and activities.
- Perform other compliance-related duties as may be assigned by the Chief Compliance Officer.
Requirements
- Bachelor's Degree in Law, Finance, Business Management, or related field
- Extensive experience as a Compliance Officer in Banking and Financial or Lending companies
- At least 3-5 years of proven experience in a Compliance Officer role and managing a team
- Good knowledge of legal requirements and procedures
- Highly analytical with strong attention to detail
- Good level of English, both spoken and written
- Team spirit (being able to cooperate with colleagues, including those from other departments)
