Chief Compliance & Risk Leader

Golden Rural Bank of the Philippines, Inc.; Cauayan; On-site; PHP 900,000 - 1,500,000; Full time

Job summary

Golden Rural Bank of the Philippines, Inc. is seeking a Chief Compliance Officer to identify and assess compliance risks across current and future activities. The role advises management on applicable laws, regulations, and standards and prepares guidelines to ensure proper implementation.

The candidate will lead risk assessments, maintain an up-to-date regulatory inventory for staff, coordinate with regulators, and educate staff on compliance to protect the bank and its customers.

Responsibilities

• Identify and assess the compliance risks associated with the organization's current and proposed future business activities
• Identify and keep an inventory available to all staff of essential laws and regulations pertinent to the organization
• Advise management on the applicable laws, regulations, rules and standards and inform them about any developments in these areas
• Establish written guidelines to staff on the appropriate implementation of the laws, regulations, rules and standards through policies and procedures (Compliance Manual, Code of Conduct)
• Assess the appropriateness of internal policies, procedures and guidelines, ensure a follow-up of any identified deficiencies, make recommendations for amendments, where necessary, and supervise the implementation of corrective measures to mitigate the identified deficiencies
• Monitor compliance with internal policies, procedures and guidelines by performing regular and comprehensive compliance risk assessments and testing; report the results on a regular basis and promptly where deemed necessary to executive management and, if necessary, the Board of Directors
• Centralize all information on compliance-related issues
• Educate staff with respect to compliance with the applicable laws, rules and standards and act as advisor on compliance queries from staff members
• Coordinate with relevant external bodies and regulators on compliance matters; exercise any specific legal responsibilities such as reporting suspicious transactions related to money laundering and the fight against terrorism financing

Job description

Golden Rural Bank of the Philippines, Inc. is seeking a Chief Compliance Officer to identify and assess compliance risks across current and future activities. The role advises management on applicable laws, regulations, and standards and prepares guidelines to ensure proper implementation.

The candidate will lead risk assessments, maintain an up-to-date regulatory inventory for staff, coordinate with regulators, and educate staff on compliance to protect the bank and its customers.