Compliance Assurance Officer

SB Finance; Philippines; On-site; PHP 600,000 - 1,000,000; Full time

Job summary

SB Finance, a young, rapidly growing financial institution in the Philippines, seeks a Compliance Testing specialist to ensure implementation and compliance with laws, rules and internal policies including AMLA, Counter Terrorism Financing and other financial crimes guidelines.

You will test adequacy of controls, monitor regulatory breaches, and prepare monitoring reports for senior management, coordinating with Head of Compliance to rectify issues and support risk-based decision making.

Qualifications

• Experience in compliance, audit, risk covering multiple areas.
• Knowledge of key current regulatory change initiatives and impacts on business.
• Strong interpersonal skills with the ability to communicate effectively with both Compliance and Business.
• Ability to support decisions with sound reasoning. Ability to clear articulate business and regulatory implications of analysis and findings.
• Highly motivated self starter with proven ability to work collaboratively within teams and to deliver on time.

Responsibilities

• Test adequacy of controls in place within the business and to identify potential and actual breaches
• To elevate regulatory breaches to the respective Head of the Department or Division and Senior Management through the Head of Compliance Department in order that the appropriate action can be undertaken to rectify.
• To monitor the action taken to address or rectify the noted breaches and prepare or produce monitoring reports to both Business and Senior Management relevant to Compliance Monitoring and Review.
• Manage the planned production, delivery and completion of compliance monitoring plans.
• Develop and maintain the ability to support decision with sound reasoning, supported by laws, rules, regulations or internal policies or best practices and understand the business risk to articulate business and regulatory implications in relation to the findings
• Maintain and keep of abreast of applicable regulatory issuance and relate to the conduct of compliance testing.
• Other functions that may be assigned from time to time.

Skills

Compliance testing

Regulatory change awareness

Risk assessment

Stakeholder communication

Self-starter

Job description

Job Summary

Shall be responsible for ensuring implementation and compliance with applicable, laws, rules, regulations, internal policies, procedure and guidelines of the Company including the Anti-Money Laundering Act, as amended, Counter Terrorism Financing and other financial crimes. Directly responsible for implementing standards, policies, methodologies, guidelines or procedures for testing.

Duties and Responsibilities

• Test adequacy of controls in place within the business and to identify potential and actual breaches
• To elevate regulatory breaches to the respective Head of the Department or Division and Senior Management through the Head of Compliance Department in order that the appropriate action can be undertaken to rectify.
• To monitor the action taken to address or rectify the noted breaches and prepare or produce monitoring reports to both Business and Senior Management relevant to Compliance Monitoring and Review.
• Manage the planned production, delivery and completion of compliance monitoring plans.
• Develop and maintain the ability to support decision with sound reasoning, supported by laws, rules, regulations or internal policies or best practices and understand the business risk to articulate business and regulatory implications in relation to the findings
• Maintain and keep of abreast of applicable regulatory issuance and relate to the conduct of compliance testing.
• Other functions that may be assigned from time to time.

Qualifications

• Experience in compliance, audit, risk covering multiple areas;
• Knowledge of key current regulatory change initiatives and impacts on business;
• Strong interpersonal skills with the ability to communicate effectively with both Compliance and Business;
• Ability to support decisions with sound reasoning. Ability to clear articulate business and regulatory implications of analysis and findings;
• Highly motivated self starter with proven ability to work collaboratively within teams and to deliver on time

About SB Finance

A young, rapidly growing financial institution with an unwavering drive to empower more and more Filipinos – for both those that we serve and those who are part of our diverse and dynamic team.

SB Finance Corporation is a partnership between the Philippines’ Security Bank Corporation and Thailand’s Bank of Ayudhya (Krungsri). This partnership is a result of Security Bank and MUFG’s goal to expand global partnerships while growing local talent and expertise. Backed by two financial giants in the Asia region with more than 100 years of financial excellence, we provide top-notch financial products and services that are tailor-made for the needs of the Philippine market.

We are engaged in the business of extending credit facilities and financing services for the betterment of the different communities we serve. Our relentless pursuit is to empower Filipinos through our growing menu of loan products – multi-purpose cash loan through Personal Loan, OR/CR for cash through Car4Cash, brand new or pre-owned motorcycle financing through MotorsikLOAN, and a digital salary advance facility through eSALAD.

Be part of the SB Finance team and become an ‘SBFF’ who enables ordinary Filipinos and small business owners to reach their life's milestones as you enjoy a fun, meaningful career regardless of your role in the company.

A better life for everyone? Dito, pwede.