Compliance Assistant

Public Safety Savings and Loan Association, Inc. (PSSLAI); Quezon City; On-site; PHP 279,000 - 502,000; Full time

Job summary

Public Safety Savings and Loan Association, Inc. (PSSLAI) is seeking a Compliance Assistant to support the Compliance Department in monitoring the AFMS, conducting testing, and updating the Annual ML/TF/PF IRA.

The role requires strong analytical skills, attention to detail, and coordination with multiple departments to identify and mitigate AML, fraud, and regulatory risks. Travel to branches nationwide may be required.

Qualifications

• Bachelor's degree in a relevant field.
• 1–2 years of experience in compliance, AML, fraud management, risk management, or related functions.
• Fresh graduates are welcome to apply.
• Knowledge of BSP/AMLC regulations is a plus.
• Familiarity with AML compliance processes and transaction monitoring is an advantage.
• Strong analytical, research, and problem-solving skills.

Responsibilities

• AFMS Monitoring and Administration: assist in implementing AFMS and reviewing alerts.
• Transaction Monitoring and Alert Review: analyze transactions and coordinate with departments.
• AFMS Rules and Parameters: assist in reviewing and updating AFMS rules and indicators.
• Annual ML/TF/PF Institutional Risk Assessment: help gather data and support IRA updates.
• Compliance Policies and Procedures: support development and updates of MTPP and related policies.
• Regulatory Compliance Monitoring: track BSP/AMLC issuances and implications.
• Compliance Testing: perform testing and document findings.
• Documentation and Reporting: maintain records and prepare reports.
• Coordination and Follow-up: liaise with branches and departments; may require travel.
• Compliance Awareness and Training: assist in training on regulatory requirements.
• System Enhancement and Process Improvement: identify opportunities to strengthen controls.

Skills

Analytical skills

Attention to detail

Coordination

Microsoft Excel

PowerPoint

Written and verbal communication

Education

Bachelor's degree in Business Administration, Finance, or related field

Tools

Excel

PowerPoint

Job description

Job Summary

The Compliance Assistant shall assist the Compliance Department in carrying out its duties and responsibilities, particularly in the monitoring and administration of the Anti-Money Laundering and Fraud Management System (AFMS), the conduct of compliance testing, and the preparation of the Annual Money Laundering, Terrorism Financing, and Proliferation Financing (ML/TF/PF) Institutional Risk Assessment (IRA).

The position shall support the Association's compliance with applicable laws, rules, regulations, and internal policies and procedures. It requires strong analytical skills, attention to detail, and effective coordination with various departments to identify, assess, monitor, and mitigate compliance risks, including potential ML/TF/PF risks and fraudulent activities identified through the AFMS.

Essential Duties and Responsibilities

• AFMS Monitoring and Administration. Assist in the administration, monitoring, and effective implementation of the Anti-Money Laundering and Fraud Management System (AFMS), including the review and assessment of system-generated alerts relating to potentially suspicious or fraudulent transactions.

• Transaction Monitoring and Alert Review. Monitor and analyze transactions, member accounts, and other relevant information flagged by the AFMS to identify unusual or potentially suspicious activities. Coordinate with concerned departments, branches, and satellite offices to validate transactions, obtain supporting documents, and determine appropriate action or escalation.

• AFMS Rules and Parameters. Assist in the periodic review, evaluation, and enhancement of AFMS rules, parameters, and alert indicators to ensure their effectiveness in detecting potentially suspicious transactions and fraud-related activities, consistent with the Association's risk profile and applicable regulatory requirements.

• Annual ML/TF/PF Institutional Risk Assessment. Assist in the preparation, review, and annual updating of the Association's ML/TF/PF Institutional Risk Assessment (IRA), including the gathering and analysis of relevant data, identification and assessment of inherent risks, evaluation of existing controls, determination of residual risks, and coordination with concerned departments to ensure that the assessment accurately reflects the Association's operations, products, services, delivery channels, and risk exposures.

• Compliance Policies and Procedures. Assist in the development, review, and updating of compliance policies and procedures, particularly the Money Laundering, Terrorism Financing and Proliferation Financing Prevention Program (MTPP), and other applicable regulatory compliance frameworks.

• Regulatory Compliance Monitoring. Monitor developments and changes in laws, rules, regulations, and issuances of the Bangko Sentral ng Pilipinas (BSP), Anti-Money Laundering Council (AMLC), and other relevant regulatory authorities, and assist in assessing their implications on the Association's operations.

• Compliance Testing. Conduct compliance testing and assessments of the Association's operations, processes, policies, and procedures to determine adherence to applicable laws, regulatory requirements, and internal controls. Document findings, identify compliance gaps, and recommend appropriate corrective measures.

• Documentation and Reporting. Maintain accurate and complete records of AFMS-generated alerts, transaction reviews, compliance testing results, IRA-related documentation, findings, and actions taken. Prepare reports and recommendations for the Compliance Department, including reports relating to ML/TF/PF risks and potential fraud indicators identified through the AFMS.

• Coordination and Follow-up. Coordinate with concerned departments, branches, and satellite offices in addressing AFMS alerts, compliance findings, IRA requirements, and other regulatory compliance matters. Monitor the implementation of corrective actions and provide updates to the Compliance Department. Such coordination may require travel to branches and satellite offices nationwide.

• Compliance Awareness and Training. Assist in conducting compliance awareness activities and training programs relating to regulatory requirements, the MTPP, compliance policies, ML/TF/PF risk assessment, and the proper identification, handling, and escalation of suspicious or potentially fraudulent transactions detected through the AFMS.

• System Enhancement and Process Improvement. Assist in identifying opportunities to improve AFMS monitoring, alert management, compliance testing procedures, institutional risk assessment processes, and related reporting mechanisms to strengthen the Association's overall compliance framework.

Qualifications:

• Bachelor's degree in Business Administration, Finance, Internal Auditing, or other related fields relevant to compliance, audit, risk management, or regulatory functions

• At least 1–2 years of relevant work experience in compliance, anti-money laundering (AML), fraud management, risk management, or related functions, preferably in a bank or financial institution.

• Fresh graduates are welcome to apply. Candidates who graduated with Latin honors are preferred.

• Knowledge of applicable regulatory requirements, particularly those issued by the Bangko Sentral ng Pilipinas (BSP) and Anti-Money Laundering Council (AMLC), is an advantage.

• Familiarity with AML compliance processes, transaction monitoring, fraud detection, and compliance testing is an advantage.

• Strong analytical, research, and problem-solving skills, with keen attention to detail.

• Good written and verbal communication skills, including the ability to prepare reports and coordinate effectively with different departments.

• Proficiency in Microsoft Office applications, particularly Excel and PowerPoint.

• Willingness to travel to branches and satellite offices nationwide, as required by the position.