ABOUT THE ROLE
The Senior Risk & Compliance Officer is an experienced compliance professional who will act as the designated Compliance Officer and will be responsible for managing the overall Compliance Framework for our Philippines operations. This includes ensuring full adherence to the requirements defined by the AML Act and related rules and regulations, Bangko Sentral ng Pilipinas (BSP), Securities & Exchange Commission (SEC), and Data Privacy regulations, as well as internal policies and procedures.
The officer will lead the Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) Program, also referred to as the Money Laundering and Terrorist Financing Prevention Program (MTPP). They will provide training and support to all employees to enhance their understanding of ML/FT risks and risk mitigation measures, and will be responsible for designing and performing quality assurance procedures.
In addition, the officer will monitor local regulatory developments in areas such as Business Continuity Planning (BCP), Outsourcing, and other applicable regulations, and work closely with the wider group team to ensure compliance and consistency with global policies. The officer will also serve as the Compliance Officer for privacy matters and act as the initial point of contact with the National Privacy Commission (NPC), coordinating with the DPO.
The officer will serve as a member of the Country Board and relevant internal committees, contributing to compliance and risk governance.
This will be a hybrid role, requiring both remote and in-office work based on business needs.
KEY RESPONSIBILITIES
- Assess and improve the overall AML/CFT Compliance Framework and the Money Laundering and Terrorist Financing Prevention Program (MTPP)
- Ensure adherence to the requirements of the Philippines AML Act and all applicable internal compliance policies
- Ensure client CDD/KYC measures are adequate
- Ensure client CDD/KYC files are up to date and report to local management and the Board of Directors on completion status
- Promote awareness and ensure the local office's compliance with all legal, regulatory, and contractual requirements
- Support local Data Protection tasks to ensure compliance with the DPA 2012 and other applicable laws and regulations relating to privacy and data protection
- Monitor developments in BCP, Outsourcing, and other applicable guidelines in the local regulatory environment and coordinate with the group to ensure appropriate compliance measures are in place
- Act as the primary contact for regulatory bodies including BSP, SEC, AMLC, and NPC
- Coordinate with the Group Data Protection Officer (DPO) and act as the initial point of contact with NPC for privacy matters
- Participate in internal governance bodies such as the local Risk Committee, Compliance Committee, and Business Acceptance Committee
- Represent compliance in Board meetings as a member of the Country Board
- Lead and manage regulatory audits and inspections and ensure timely resolution of findings
- Lead ad hoc compliance or risk-related projects as required
- Perform other duties as assigned
KEY REQUIREMENTS
- Bachelor's degree in Law, Business, Finance, Accounting, or related field; professional qualifications such as CAMS or ICA will be an advantage
- At least 57 years of relevant experience in Compliance
- Sound knowledge of compliance practices, standards, and regulations such as AMLC guidelines, CTR, STR, and the Data Privacy Act of 2012
- Direct experience managing interactions with regulators including AMLC, BSP, SEC, and NPC
- Good knowledge of business trends and changes in legislation and regulation that impact compliance practices
- Good command of both spoken and written English
- Strong relationship-building skills with internal and external stakeholders; ability to communicate appropriately across all levels
- Ability to work both as an individual contributor and as a team player
- Good understanding of the business, with strong organizational skills and attention to detail
- Ability to work with minimum supervision, with a sense of responsibility and the ability to perform under pressure
