Compliance Testing Officer

Keb Hana Bank-Manila Branch; Philippines; On-site; PHP 600,000 - 900,000; Full time

Job summary

KEB Hana Bank - Manila Branch is seeking a Compliance Testing Officer to coordinate activities related to local regulatory matters and assist the Chief Compliance Officer in developing, implementing and maintaining the bank's compliance program.

The role involves testing, risk assessments, reporting, policy updates, and training to ensure timely regulatory compliance for the branch.

Qualifications

• Bachelor's degree required.
• 3-5 years’ experience in banking, internal or external audit, compliance, or legal department.
• Knowledge of banking operations, internal controls, risk management, BSP regulations.
• Experience in compliance risk assessments and evaluating regulatory risk exposures.
• Strong verbal and written communication, interpersonal and presentation skills.

Responsibilities

• Assist the CCO in managing regulatory risk for the Branch’s activities.
• Conduct compliance testing to identify risks and work with business units on implementing programs.
• Support periodic Compliance Risk Assessments and evaluate internal control effectiveness.
• Prepare reports documenting results, observations and recommendations for Senior Management.
• Draft and cascade regulatory issuances, updates and compliance advisories to relevant departments.
• Advise on new/amended laws and regulations; conduct gap reviews and suggest policies.
• Ensure timely compliance with regulatory reports and maintain local regulatory checklists.
• Assist in prior compliance reviews of policies, contracts, and product launches.
• Provide compliance awareness training on laws, regulations, ethics and controls.

Education

Bachelor's degree in Accountancy, Banking and Finance, or a related field

Job description

Are you ready to take your career to the next level? KEB Hana Bank - Manila is looking for a Compliance Testing Officer who will be responsible in coordinating the bank activities as it relates to local regulatory matters and assist the Chief Compliance Officer in the development, implementation and in maintaining compliance program for the bank.

Duties and Responsibilities:

• Assist the CCO in the effective management of regulatory risk associated with the Branch’s business and activities.
• Conduct compliance testing to identify compliance risks and vulnerabilities, and work with business units involved in the implementation of compliance programs
• Conduct or support periodic Compliance Risk Assessments, and assist in evaluating the effectiveness of internal controls.
• Prepare compliance testing reports documenting results, observations, and recommendations for presentation to Senior Management and stakeholders.
• Draft and cascade relevant regulatory issuances, updates, and compliance advisories to relevant departments within the organization
• Advise the Senior Management on newly enacted / amendments in laws and regulations, regulatory guidance and standards, conduct gap review and recommend appropriate policies and procedures.
• Ensure timely compliance with regulatory reports and requests, and maintain up-to-date local regulatory compliance checklist regarding laws and regulatory rules that the Branch should comply with.
• Assist in conduct of prior compliance reviews (1) on enactment / revision of internal policies and guidelines, (2) on conclusion/revision of contracts, (3) when launching products and new business (4) of external reports including documents submitted to local regulator, (5) when providing internal information and disclosure such as customer information.
• Ensure compliance awareness and provide training on relevant laws and regulations, compliance activities, ethics and internal controls.

Qualifications:

• Bachelor's degree in Accountancy, Banking and Finance, or a related field.
• At least 3-5 years’ experience in banking, internal or external audit, compliance, legal department.
• Knowledge in banking operations, internal controls, risk management, and BSP regulations
• Experience in conducting or providing assistance in compliance risk assessments and evaluating operational or regulatory risk exposures.
• Adequate verbal communication, written, interpersonal, presentation skills with the ability to prepare clear compliance reports, review policies, communicate regulatory requirements effectively to stakeholders.