Compliance Advisor Officer

RCBC Bankard; Philippines; On-site; PHP 900,000 - 1,300,000; Full time

Job summary

RCBC Bankard is seeking a Compliance Officer within the Compliance Advisory Division to provide regulatory and compliance guidance, and training across the business. You will help ensure adherence to applicable laws, rules, and internal policies to protect customers and promote robust risk management culture.

The role emphasizes advisory support on AMLA, banking regulations, and regulatory expectations, with collaboration across divisions to embed ethical conduct and strong governance.

Qualifications

• Bachelor’s degree in a related field is required.
• Experience in regulatory compliance knowledge related to banking.
• Strong understanding of banking products and services and associated risks.
• Background in governance and ethics within financial services.
• Ability to analyze regulatory developments and advise the business.

Responsibilities

• Provide regulatory advice, guidance, opinions, direction and training to the business.
• Advise the business on regulatory requirements and industry best practices.
• Assist during regulatory inquiries/examinations and issue resolution.
• Support governance inputs to boards and committees and ensure compliance inputs are timely.
• Develop and maintain procedures for effective regulatory compliance.

Skills

Regulatory compliance

Banking regulations

Risk assessment

Governance & ethics

Education

Bachelor's degree in Business Administration or related field

Job description

Job Summary:

The Compliance Officer under the Compliance Advisory Division, as a Compliance Advisor, will provide regulatory and compliance advice, guidance, opinions, direction, and training to the business. Ensures the business complies with the letter and spirit of regulations, which will consequently deliver fair outcomes for customers and embed robust risk management culture in RCBC's processes.

How will you contribute:

Processes

1. Foster a positive culture of compliance by working proactively with the business, control and support units, and other compliance officers;
2. Ensure that best practices are followed consistent with applicable laws, rules, regulations and internal policies;
3. Provide compliance support, advice, and guidance to the assigned business line and compliance areas (e.g., AMLA and implementing rules and regulations, banking regulations issued by AMLC, BSP, and SEC, among others);
4. Advise the business on the benefits and impact of regulations, current industry practices, and advancements on the assigned business line and compliance areas;
5. Research and provide support for resolution of issues and queries as directed by the Division Head;

People and Talent

1. Serve as a regulatory coordinator for projects, products, and services requiring implementation/application of regulations related to the assigned business line and compliance areas;
2. Support the Division Head to improve and maintain the day-to-day running of the Division, to ensure efficient decision-making and execution of tasks;
3. Assist during regulatory inquiries/examinations on matters related to the assigned business line and compliance areas;

Risk Management

1. Follow prescribed escalation protocols, monitor compliance and regulatory issues of business activities, and assist in the revision of procedures, if necessary;
2. Provide credible challenge in the area of compliance risk management;
3. Support the Compliance Group's compliance function by identifying developing issues and trends that may impact or be relevant to the RAG's management of regulatory, compliance, and ML/TF/PF risks;
4. Carry-out impact analysis and advice on regulatory changes relevant to the assigned business line and compliance areas;

Governance

1. Work with the Division Head to ensure the successful implementation of the Compliance Group's compliance function strategy;
2. Support the Division Head in ensuring quality and effective compliance inputs to the appropriate Governance and Board Committees;
3. Assist the Division Head in establishing management and administrative processes for effective implementation of the Division's functions.

Regulatory and Business Conduct

1. Display exemplary conduct and live by the Bank's Values and Code of Conduct;
2. Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across RCBC. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Bank's Code of Conduct;
3. Effectively and collaboratively identify, elevate, mitigate and resolve risk, conduct and compliance matters;
4. Fulfill regulatory requirements issued by the regulators.

What will make you successful:

• Bachelor's degree in Business Administration, Management, Banking and Finance, Marketing, Accounting, Economics, or Risk Management.
• Experience in regulatory compliance knowledge related to the assigned business line and compliance function;
• Advanced knowledge on banking products and services, business segments, and operations to support sustainable business growth;
• Thorough understanding of regulatory, compliance, and ML/TF/PF risks
• Background in Accounting and Reporting preferred