Compliance Testing, Associate Consultant / Consultant

Northern Trust; Philippines; On-site; PHP 1,200,000 - 1,800,000; Full time

Job summary

A financial services firm in the Philippines is seeking a Compliance Officer to oversee the review and interpretation of laws and regulations. The ideal candidate will have 5-10 years of experience in compliance testing or auditing, excellent analytical skills, and the ability to communicate effectively with senior management. Responsibilities include conducting compliance testing, tracking identified issues, and ensuring adherence to regulatory standards. The firm provides reasonable accommodations for individuals with disabilities.

Qualifications

• 5-10 years of experience related to compliance, compliance testing, or auditing.
• Relevant certifications or advanced degree are a plus.
• Knowledge of regulations and key regulatory developments.

Responsibilities

• Oversee review and interpretation of laws and regulations.
• Conduct compliance testing and document testing reviews.
• Engage with Compliance SMEs to assess concerns related to reviews.

Skills

Compliance testing/monitoring

Analytical ability

Excellent written and oral communication skills

Attention to detail

Ability to deal effectively with multiple competing deadlines

Education

Graduate degree or equivalent

Job description

Role Summary

Responsible for overseeing the review, interpretation, and dissemination of current and proposed laws and regulations. Provides consultation and advice to partners regarding compliance risk avoidance. Establishes business development strategies to minimize risk and assure compliance with applicable laws and regulation.

Principal Responsibilities

• Review and interpret laws and regulations for the purpose of developing appropriate testing plans
• Independently establish the appropriate scope and test steps for individual reviews
• Conduct and document testing reviews to assess compliance with and adherence to regulations/legislation and internal policies
• Engage with Compliance SMEs to understand any matters for concern related to applicable reviews
• Follow established policies, procedures and standards for testing activities
• Apply analytical skills to review information and determine potential weaknesses or exceptions to policies / processes
• Validate and summarize testing results in clear, concise language
• Detect and advise Compliance and Business Unit management of potential compliance issues and identify changes and/or enhancements to improve efficiencies in procedures
• Track identified issues to closure via periodic follow up with action owners
• Validation testing to ensure actions have been adequately closed
• Develop relationships with Internal Audit to coordinate testing efforts and share results.
• Conduct meetings with business unit partners and management to discuss testing results and, where applicable, challenge management responses
• Support the Regional Manager with ad hoc tasks
• Work effectively as an individual contributor as well as in a team environment
• Develop strong relationships with the first, second and third lines of defense
• May mentor junior level employees and review the work of others

Skills/Experience

• 5-10 years related to compliance, compliance testing/monitoring or auditing
• Educated to graduate (or equivalent)
• Relevant certifications or advanced degree a plus
• Knowledge of regulations and key regulatory developments would be an advantage
• Highly motivated individual who has a proven record of using initiative to resolve problems
• Analytical ability to identify and understand problems as well as to provide effective solutions
• Excellent written and oral communication skills
• Attention to detail
• Confidence and expertise to advise and challenge senior management and the business
• Ability to make decisions on their own and also to be a team player and effective communicator to ensure that issues are appropriately resolved
• Ability to deal effectively with multiple competing deadlines

Reasonable Accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail].