AML OFFICER

Bank of the Philippine Islands (BPI); Makati; On-site; PHP 360,000 - 600,000; Full time

Job summary

Bank of the Philippine Islands (BPI) is seeking an AML Compliance Associate to support the AML Communication and Reports Department Head. You will coordinate with BSP, AMLC, and branches, preparing regulatory reports and MIS data for the AML Division.

Responsibilities include ensuring timely submission of requested documents, maintaining training materials, and assisting in risk event reporting with the Board and Management. Two years of AML or internal audit experience is required.

Qualifications

• Two years’ experience and/or exposure in AML/Internal Audit/front line function in a financial institution.
• Experience coordinating with regulators and business units is preferred.
• Ability to consolidate data and prepare management reports for AML divisions.

Responsibilities

• Coordinate with BSP, AMLC, and branches to ensure prompt submission of requested documents.
• Prepare data for BSP-mandated Risk Event Reporting.
• Consolidate and prepare AML Division management reports for timely submission.
• Communicate receipt of ATC sanctions and monitor timeliness with concerned units.

Skills

Regulatory coordination

Reporting MIS

Regulator liaison

Document management

Job description

Provides support to the AML Communication and Reports Department Head by coordinating with business units, and preparing reports for the AML Division. Additionally, officers serve as a regulatory liaison, ensuring effective communication and alignment with external regulators and compliance requirements.

Duties And Responsibilities

• Regulatory Requirements
• Facilitates coordination with BSP, AMLC, and relevant branches/business units to

ensure prompt submission of all documents requested in compliance with:

• KYC Requests
• Suspicious Transaction Report per Account Requests
• Bank Inquiries
• AFASA Inquiry Orders
• Others
• Promptly communicates the receipt of ATC Sanction Freeze Orders to the concerned

branches and relationship managers and monitor implementation to ensure timeliness , including the submission of the corresponding return.

• Coordinates with respective Group Compliance Officers, branches and business units on:
• submission of required documents and schedules requested by BSP examiners.
• completion of BSP Surveys.
• Collects the required information and prepare the data for Risk Event Reporting mandated by BSP.

• Communication and Reports
• Assists in the consolidation and preparation of management reports of the AML Division.

This includes timely submission to the Chief Compliance Officer and Compliance Admin for submission to the Audit Committee.

• Generates various MIS data requirements on transmitted Suspicious Transaction Reports (STRs) for submission to the Board and Management on a quarterly basis or as needed.

• Collates and prepares the monthly Freeze Order reports for submission to the Board.
• Conducts an independent review of transmitted Suspicious Transaction Reports (STRs) to

check timeliness, reliability of customer information and accuracy of transmitted CSVs to the AMLC Portal in compliance with the commitment with AMLC.

• Manages coordination activities and ensures the prompt publication of the BPI Board approved MTPP in the Management Operational Manual (MOM) SharePoint site.

• MTPP and other training courses or conferences:
• Aids the Department Head in coordinating, preparing, and scheduling training

Activities, Including Logistics And Other Administrative Requirements.

• Develops and maintains training materials, ensuring they are updated in a timely manner.

• Issues of AML Bulletins through email or RHEA covering updated AML policies to

• Manages the AML Private List which includes:

• Conducts the gathering and review of daily adverse news along with the immediate NDB enrollment, updates, and deletions.

• Regularly checks, monitors, and updates the DNFBPs, PAGCOR/VASP, and HBLE lists to ensure accuracy.

• Respond to inquiries related to the enrollment in the AML Private List
• Administrative Functions

• Handles accounting processes, authorizes expenses via E-Proc, and ensures monitoring of AML Division expenditures, with particular focus on operational expenses versus the approved budget.

• Maintains the Table of Organization, Job Descriptions and the Major TO Movements report of the AML Division.

• Undertakes additional administrative and support responsibilities, ensuring their prompt and efficient completion.

Qualifications

At least two (2) years’ experience and/or exposure in AML /Internal Audit/ front line function in a Financial Institution