Compliance Assurance Officer

EastWest Bank; Makati; Hybrid; PHP 600,000 - 1,200,000; Full time

Job summary

EastWest Bank is seeking a Compliance Assurance Officer to lead compliance initiatives and liaise with regulators. The role involves implementing compliance programs, providing training, and managing compliance risks, requiring experienced professionals with strong analytical and communication skills. Join a dynamic team committed to professional growth and excellence.

Benefits

Career development and training opportunities

Competitive salary package and benefits

Performance-based incentives

Opportunity to work with industry experts

Defined career progression paths

Qualifications

• 3 years of relevant banking experience including 1 year in AML.
• Strong understanding of AML regulations and banking operations.
• Integrity, attention to detail, and flexibility.

Responsibilities

• Develop and implement a Compliance Program supporting bank goals.
• Act as a point of contact for regulatory matters and disseminate laws.
• Coordinate compliance efforts and manage training of division staff.

Skills

Analytical

Communication

Problem Solving

Presentation

Facilitation

Education

Bachelor's Degree in Business or Economics

Tools

Microsoft Office Applications

Job description

About the job Compliance Assurance Officer

About the Job

Location: Makati

Corporate Title: Assistant Manager to Senior Manager

Work Arrangement: Hybrid

Our Compliance team is looking for experienced professionals to join us in Makati with the role of Compliance Assurance Officer.

In this role, you will, under the supervision of the President and Chief Executive Officer (CEO) with reporting responsibility to the Board of Directors through the Corporate Governance & Compliance Committee, perform duties involved in planning, organizing, leading, and controlling the oversight and coordination of the Banks Compliance System implementation.

Going Further For You.

Whether you're just starting out, or already a seasoned professional, EastWest can help you unleash your potential, and bridge the gap between dream to success.

At EastWest, we empower our employees to drive their careers and are committed to provide the runway for them to grow. We value teamwork and individual initiatives. Join us and be part of a highly engaged team, and a workplace that promotes development and goal attainment.

For 30 years, EastWest has emerged as one of the most consumer-focused universal banks in the Philippines. EastWest is committed to continuously invest in people and in process, product, and service enhancements, and embrace new ideas to enhance the EastWest experience.

What the role will entail

• Develop and implement a Compliance Program/Plan that supports the Banks goals and strategies, identify relevant laws, regulations, policies, and ethical standards, analyze and prioritize compliance risks for mitigation and monitoring, prepare and annually update the Compliance Program with periodic testing mechanisms, coordinate bank-wide implementation with various units, and collaborate with the Chief Risk Officer and Chief Audit Executive to optimize the use of the Banks governance resources for achieving governance, risk management, and internal control goals
• Act as the central point of contact for regulatory matters, disseminate relevant banking laws and regulations to appropriate units, hold quarterly meetings and regular dialogues to update compliance officers, develop and implement training programs in coordination with EastWest Academy to raise compliance awareness, ensure the Compliance Division has well-trained and competent personnel, and provide active advisory services on compliance matters and queries.
• Serve as the principal liaison with regulators, consulting on regulatory requirements, compliance issues, and specific provisions of laws, rules, and regulations, while overseeing and coordinating regulatory examinations and facilitating discussions with examiners during on-site reviews
• Coordinate and monitor the Banks compliance efforts, assessing policy appropriateness under evolving conditions, participating in strategic planning and product development with a focus on compliance advisory, reviewing audit and regulatory reports, ensuring corrective actions, periodically evaluating and enhancing compliance functions, updating the Corporate Governance Manual, and managing AML-related activities in accordance with SEC requirements as needed in the absence of an AML Compliance Officer
• Report to the Board of Directors through the Corporate Governance and Compliance Committee, advising Senior Management on significant compliance issues, providing annual updates on the Banks overall compliance status, and informing about relevant regulations and updates.
• Ensure the allocation of appropriate resources for the Compliance Program, supervise the Compliance Divisions operations including logistics monitoring, manage planning and organizational aspects, lead and control compliance activities, and oversee training and development of division officers and staff, including monitoring and updating Individual Development Plans (IDPs) as needed.

What we're looking for

• Holder of a Bachelor's Degree in either Business, Economics, any related field
• Possess at least three years of relevant banking experience, including one year of AML-related experience
• Proficient in AML regulations, banking operations, and Microsoft Office Applications, with good oral, communication, presentation, facilitation, analytical, and problem-solving skills
• Audit skills are an advantage
• Demonstrates integrity, attention to detail, flexibility, adaptability, and a strong work ethic, with a commitment to organizational learning and achieving divisional and bank goals.
• Excels in building a network of contacts in the banking industry, is a team player, results-driven, works with minimal supervision, and possesses excellent people and interpersonal skills.

What you can expect from joining our team

• Career development and training opportunities
• Competitive salary package and benefits
• Performance-based incentives and recognition programs to reward high-performing individuals
• Opportunity to work with industry experts and be mentored by them
• Defined career progression paths to guide you in your professional growth