Compliance Specialist

BDO Unibank; Mandaluyong; On-site; PHP 700,000 - 900,000; Full time

Job summary

BDO Unibank, Inc. is seeking a Regulatory Compliance/Compliance Officer to guide branches on regulatory matters and ensure adherence to regulatory requirements across the bank.

The role involves coordinating with regulators, preparing reports for senior management and the board, and maintaining compliance manuals and training materials. A background in banking operations and AMLA is advantageous, with a minimum of one year of relevant experience.

Qualifications

• Graduate of Accountancy or any business course.
• At least one year of banking experience, preferably with banking operations, Compliance, Risk Management, or Audit background.
• Training in banking operations, AMLA, Compliance, Risk Management and Audit is an advantage.

Responsibilities

• Provides guidance to branches and business/support units on regulatory matters.
• Disseminates Regulatory Issuances to BDONB units and tracks compliance.
• Reports compliance issues to the Regulatory Compliance Officer and/or Chief Compliance Officer.
• Assists in preparing and distributing reports to Senior Management and/or Board.
• Reviews alignment of manuals of business/support units.
• Liaises with regulators (BSP, PDIC, SEC, etc.) and coordinates regulatory reviews.
• Maintains and updates compliance databases and manuals.
• Conducts compliance trainings and updates RPT materials.

Education

Bachelor's degree in Accountancy or any business course

Job description

Mandaluyong City, National Capital Region, PH

Business Unit: BDO Network Bank, Inc.

Responsibilities:

A. Communications and Advisory

• Provides guidance to branches and business/support units on regulatory matters.
• Issues reminders to business/support Units on non-routine regulatory requirements or as needed.
• Disseminates Regulatory Issuances to appropriate BDONB Business Units, provide guidance and track compliance thereof.
• Reports compliance issues to the Regulatory Compliance Officer and/or to the Chief Compliance Officer.
• Assists the Regulatory Compliance Officer and/or the Chief Compliance Officer in the preparation and distribution of reports to Senior Management and/or Board.
• Reviews for alignment of manuals of business/support units.

B. Liaison with Regulators

• Manages and coordinates requirements during regulatory on-site review.
• Coordinates queries/requests for regulatory off-site review.
• Monitors and tracks submission of response to regulatory requirements during on-site and off-site regulatory reviews.
• Assists in delivering the offsite and on-site supervisory requirements of regulatory bodies.
• Prepares required reports of Regulatory Compliance Office to Regulators.
• Prepares reports on Crimes and Losses, facilitates its submission to the BSP, and attends to follow-up requests from the BSP.
• Assists in the preparation of regulatory certifications and applications for authority and licenses.
• Liaises for regulatory (BSP, PDIC, SEC, etc.) requirements and/or reports including regulatory surveys and customer complaints elevated to the BSP.

C. Regulatory Compliance Testing

• Performs independent compliance review/testing.
• Monitors and validates certifications/ reports by Unit Compliance Coordinators (UCCs) and tracks corrective actions for reported exceptions.
• Maintains and updates the database of reported findings of the assigned UCCs.
• Updates Regulatory Compliance Testing Checklists (RCTCs).
• Coordinates and monitors noted observations to concerned business/support units.

D. Corporate Governance and Related Party Transaction (RPT)

• Assists the Regulatory Compliance Officer on the following:
  • Updating the Corporate Governance Manual
  • Updating the Compliance Charter and terms of references (TORs) of the Board-level committees
• Prepares documentary requirements to be submitted to regulatory bodies.
• Updates RPT policies and procedures.
• Assists business units in the preparation of memo and data for review by Related Party Transaction Committee (RPTC).
• Prepares materials for reporting to Corporate Governance Committee, Independent and Non-Executive Directors, and Related Party Transaction Committee (RPTC).
• Prepares the Annual Report Corporate Governance section write-up.
• Coordinates with business units on sustainability matters relative to Environmental, Social & Governance / Environmental & Social Risk Management System.

E. Updating of databases and enhancement of Compliance programs and manual

• Updates databases/ monitoring files maintained by Regulatory Compliance Unit.
• Updates Compliance programs and other manuals:
  • Regulatory Compliance Management Manual
  • Regulatory Compliance Testing Checklist Guidelines
  • Independent Compliance Testing Desk Manual
  • RCL Workflow & Guidelines

F. Compliance Trainings

• Updates RPT Training Materials.
• Conducts RPT Training to concerned business/support units.
• Conducts RCTC Training to Unit Compliance Coordinators (UCCs).

G. Accomplish various Operational Risk Management (ORM) Reports

H. Performs other Duties that may be assigned from time to time

Qualifications:

• Graduate of Accountancy or any business course
• Have at least one (1) year experience in banking, preferably with banking operations, Compliance, Risk Management, or Audit background
• Have undergone training in banking operations, AMLA, Compliance, Risk Management and Audit is an advantage

BDO Unibank, Inc. provides equal opportunity to all qualified candidates. Hiring decisions are based on job requirements and candidate qualifications, and shall not be influenced by any consideration of race, color, religion, sex (including sexual orientation and gender identity), national or ethnic origin, or disability. Requisition ID: 29590

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