Compliance officer - general regulationsSecurity Bank
Workplace: MetroManila, Manila, Makati
Salary: Agreement
Work form: Full time
Posting Date: 20/10/2023
Deadline: 21/10/2022
About Security Bank
We are the Philippines' largest independent bank, having won countless awards over the years, including one of Euromoney's most prestigious industry awards in 2021-Best Bank in the Philippines.
We're changing how people bank. From the moment customers enter our branches to their experience online, we make them feel valued and empowered.
Now, with more than 300 branches spanning the country, BetterBanking has become the gold standard in improving the banking lives of millions of Filipinos. But we're far from done.
In our constant pursuit of excellence and improvement, we create teams that support our business and each other.
The Role
As a Compliance Officer - General Regulations, you will oversee and coordinate the implementation of the compliance system, and likewise the identification, monitoring, and control of compliance and business risks. You will keep senior management of SBC informed of new regulations and their impact on the business and operations of the bank. You will be the central point of the contract with regulatory agencies and act as the lead implementor of the company's Money Laundering and Terrorist Financing Prevention Program (MLPP).
How you'll contribute
Know the general operations of the company without necessarily engaging or actively participating in the day-to-day operations of the firm.
Assist in the formulation of replies to cited exceptions by regulatory agencies such as BSP and SEC. Monitor and ensure immediate resolution of audit findings.
Act as liaison personnel and maintain harmonious relationships between SBC and regulatory agencies such as SEC and BSP.
Oversee and coordinate the implementation of the compliance system of SBC to its personnel.
Disseminate and explain new regulatory issuances and initiates a meeting with concerned units to address possible issues/concerns that may be raised during their implementation.
Ensure compliance with SBC's internal policies and guidelines.
Participate in the formulation of the business requirement for any system enhancement to ensure compliance with regulatory bodies.
Ensure that SBC's Money Laundering and Terrorist Financing Prevention Program (MLPP) is updated and consistent.
Ensure compliance by all SBC officers and employees with the company's Money Laundering and Terrorist Financing Prevention Program (MLPP).
Conduct periodic compliance checking through sample testing and review of audit reports which covers completeness and timeliness of CTR and STR submission, proper implementation of KYC and customer due diligence, and effectivity of record-keeping and retention system.
Prepare and submit Quarterly Compliance Report to the Corporate Governance Committee, to include among others, escalation and immediate resolution of issues disclosed during compliance testing and major implications of new regulations.
What we're looking for
Bachelor's Degree in Business Studies/Administration/Management, Finance/Accountancy/Banking, Legal Management
At least 3 years experience in Compliance and general regulations
Knowledge of Securities and Exchange Commission (SEC) rules
Above average oral and written communication skills. Policy and report writing skills. Good interpersonal skills. Analytical and critical thinking skills. Investigation/auditing skills.
Able to interpret rules and regulations. Able to provide sound advice to business units. Able to communicate effectively with all levels of the organization, including senior management and external regulatory agencies. Keen to details
#LI-AS1
#LI-Hybrid
Security Bank
We are the Philippines' largest independent bank, having won countless awards over the years, including one of Euromoney's most prestigious industry awards in 2021-Best Bank in the Philippines.
We're changing how people bank. From the moment customers enter our branches to their experience online, we make them feel valued and empowered.
Now, with more than 300 branches spanning the country, BetterBanking has become the gold standard in improving the banking lives of millions of Filipinos. But we're far from done.
In our constant pursuit of excellence and improvement, we create teams that support our business and each other.
The Role
As a Compliance Officer - General Regulations, you will oversee and coordinate the implementation of the compliance system, and likewise the identification, monitoring, and control of compliance and business risks. You will keep senior management of SBC informed of new regulations and their impact on the business and operations of the bank. You will be the central point of the contract with regulatory agencies and act as the lead implementor of the company's Money Laundering and Terrorist Financing Prevention Program (MLPP).
How you'll contribute
Know the general operations of the company without necessarily engaging or actively participating in the day-to-day operations of the firm.
Assist in the formulation of replies to cited exceptions by regulatory agencies such as BSP and SEC. Monitor and ensure immediate resolution of audit findings.
Act as liaison personnel and maintain harmonious relationships between SBC and regulatory agencies such as SEC and BSP.
Oversee and coordinate the implementation of the compliance system of SBC to its personnel.
Disseminate and explain new regulatory issuances and initiates a meeting with concerned units to address possible issues/concerns that may be raised during their implementation.
Ensure compliance with SBC's internal policies and guidelines.
Participate in the formulation of the business requirement for any system enhancement to ensure compliance with regulatory bodies.
Ensure that SBC's Money Laundering and Terrorist Financing Prevention Program (MLPP) is updated and consistent.
Ensure compliance by all SBC officers and employees with the company's Money Laundering and Terrorist Financing Prevention Program (MLPP).
Conduct periodic compliance checking through sample testing and review of audit reports which covers completeness and timeliness of CTR and STR submission, proper implementation of KYC and customer due diligence, and effectivity of record-keeping and retention system.
Prepare and submit Quarterly Compliance Report to the Corporate Governance Committee, to include among others, escalation and immediate resolution of issues disclosed during compliance testing and major implications of new regulations.
What we're looking for
Bachelor's Degree in Business Studies/Administration/Management, Finance/Accountancy/Banking, Legal Management
At least 3 years experience in Compliance and general regulations
Knowledge of Securities and Exchange Commission (SEC) rules
Above average oral and written communication skills. Policy and report writing skills. Good interpersonal skills. Analytical and critical thinking skills. Investigation/auditing skills.
Able to interpret rules and regulations. Able to provide sound advice to business units. Able to communicate effectively with all levels of the organization, including senior management and external regulatory agencies. Keen to details
#LI-AS1
#LI-Hybrid
Security Bank
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Makati City, Metro Manila
Permanent
Full-time
Permanent
Full-time
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Makati City, Metro Manila