Compliance Testing Officer

Jobtailor; Taguig; On-site; PHP 1,000,000 - 1,200,000; Full time

Job summary

Jobtailor in Taguig, Philippines seeks an experienced Compliance Testing professional to lead periodic testing programs across key processes and regulatory obligations. You will design procedures, document findings with strong evidence, and escalate issues to senior management while aligning with BSP requirements.

The role emphasizes 2LOD independence, detailed documentation, and proactive remediation tracking, ensuring timely closure and robust governance across all business units.

Qualifications

• Experience in compliance testing, internal audit, or regulatory compliance within a financial institution or bank.
• Solid understanding of BSP regulations, compliance frameworks, and 2LOD assurance principles.
• Strong analytical skills with ability to assess control effectiveness and interpret data.
• Meticulous attention to detail with high standards for documentation and workpaper quality.
• Clear and professional written and verbal communication skills for senior stakeholders.
• Organized and self-directed, able to manage multiple workstreams and meet deadlines.
• Integrity-driven mindset and commitment to compliance across the organization.

Responsibilities

• Execute the periodic compliance testing program covering key business processes, regulatory obligations, and internal policy requirements.
• Design and apply testing procedures, sampling methodologies, and workpaper standards meeting 2LOD independence and quality expectations.
• Document testing results with clear evidence to support observations, conclusions, and recommendations.
• Identify control gaps, policy breaches, and regulatory non-conformances; communicate findings to business unit heads and senior management promptly.
• Maintain an up-to-date testing calendar and tracker ensuring activities are completed within approved timelines.
• Support alignment of the testing program with BSP and other applicable regulatory examination requirements.
• Perform ongoing monitoring of key controls across covered business lines to detect breaches or weaknesses.
• Collect, analyze, and interpret control performance data; flag anomalies or adverse trends for escalation.
• Conduct targeted deep-dive reviews when monitoring results indicate heightened risk or control failure.
• Maintain monitoring logs and evidence files per documentation standards and audit trail requirements.
• Coordinate with 1LOD process owners to obtain data, clarify control design, and validate operation.
• Escalate significant breaches, regulatory risks, or systemic issues to senior management without delay.
• Log and maintain records of testing findings and remediation tracking in the issue system.
• Track remediation commitments by business units; follow up to assess progress and closure.
• Verify adequacy and effectiveness of remediation actions before issue closure (root causes, not symptoms).
• Prepare and maintain status reports on open findings, aging issues, and remediation timelines for executives.
• Support management and tracking of findings from BSP ROE, LOCs, internal audits, and incidents.
• Flag recurring/systemic issues; support root cause analysis and thematic reporting.
• Prepare clear testing reports and monitoring summaries reflecting findings and risk ratings.
• Maintain organized workpaper files for testing and monitoring activities.
• Contribute to periodic compliance reporting packages for senior management and Board committees.
• Support improvement of testing procedures, monitoring frameworks, and issue management protocols.
• Build strong 2LOD relationships with business units; communicate findings clearly and objectively.
• Assist in preparing materials for regulatory examinations and document production.
• Participate in compliance-working groups, meetings, and training as required.

Skills

Compliance Testing

BSP Regulations Knowledge

Analytical Skills

Documentation Quality

Verbal and Written Communication

Regulatory Compliance

Control Effectiveness Assessment

Data Interpretation

Testing Procedures Design

Sampling Methodologies

Monitoring Frameworks

Root Cause Analysis

Issue Tracking

2LOD Assurance Principles

Financial Regulation Knowledge

Job description

• Execute the periodic compliance testing program covering key business processes, regulatory obligations, and internal policy requirements.
• Design and apply testing procedures, sampling methodologies, and workpaper standards that meet 2LOD independence and quality expectations.
• Document testing results with sufficient clarity and evidence to support observations, conclusions, and recommendations.
• Identify control gaps, policy breaches, and regulatory non-conformances, and communicate findings to business unit heads and senior management in a timely manner.
• Maintain an up-to-date testing calendar and tracker, ensuring all planned activities are completed within agreed timelines.
• Support alignment of the testing program with BSP and other applicable regulatory examination requirements.
• Perform ongoing monitoring of key controls across covered business lines to detect breaches, deterioration, or emerging weaknesses.
• Collect, analyze, and interpret control performance data and metrics, flagging anomalies or adverse trends for escalation.
• Conduct targeted deep-dive reviews when monitoring results indicate heightened risk or control failure.
• Maintain monitoring logs and evidence files in line with documentation standards and audit trail requirements.
• Coordinate with First Line of Defense (1LOD) process owners to obtain monitoring data, clarify control design, and validate control operation.
• Escalate significant control breaches, regulatory risks, or systemic issues to the Compliance Testing and Monitoring Head, Chief Compliance Officer, and Senior Management without undue delay.
• Log and maintain accurate records of all compliance testing findings and control monitoring exceptions in the issue tracking system.
• Track remediation commitments by business units, following up regularly to assess progress and validate completion.
• Verify the adequacy and effectiveness of remediation actions prior to issue closure - ensuring root causes, not just symptoms, have been addressed.
• Prepare and maintain status reports on open findings, aging issues, and remediation timelines for senior management reporting.
• Directly support the management and tracking of findings from BSP ROE, Letters of Concern (LOC), internal audits, and compliance incidents.
• Flag recurring or systemic issues, supporting root cause analysis and thematic reporting.
• Prepare clear, well-structured testing reports and monitoring summaries that accurately reflect findings, risk ratings, and recommended actions.
• Maintain organized and examination-ready workpaper files for all testing and monitoring activities.
• Contribute to periodic compliance reporting packages for senior management and Board-level committees.
• Support the continuous improvement of testing procedures, monitoring frameworks, and issue management protocols.
• Build effective working relationships with First Line business units as a professional and constructive 2LOD counterpart.
• Communicate findings and monitoring results clearly and objectively, balancing independence with a solutions-oriented approach.
• Assist the Compliance Testing and Monitoring Head and Chief Compliance Officer in preparing materials for regulatory examinations, including coordination of information requests and document production.
• Participate in compliance-related working groups, meetings, and training activities as required.

Requirements

• Experience in compliance testing, internal audit, or regulatory compliance within a financial institution or bank.
• Solid understanding of BSP regulations, compliance frameworks, and 2LOD assurance principles.
• Strong analytical skills - able to assess control effectiveness, interpret data, and identify systemic issues.
• Meticulous attention to detail with high standards for documentation and workpaper quality.
• Clear and professional written and verbal communication skills - able to present findings to senior stakeholders.
• Organized and self-directed, with the ability to manage multiple workstreams and meet deadlines.
• Integrity-driven mindset - comfortable holding the line on compliance standards across all levels of the organization.

Core Competencies

Demonstrates expertise in compliance testing and regulatory obligations within financial institutions, with a strong focus on analytical skills, documentation quality, and effective communication with senior stakeholders. Proficient in identifying control gaps and managing remediation processes to ensure compliance with BSP regulations and internal policies.

Highest-signal resume keywords

• Compliance Testing Experience
• BSP Regulations Knowledge
• Analytical Skills
• Documentation Quality
• Verbal and Written Communication

Hard Skills

• Compliance Testing
• Internal Audit
• Regulatory Compliance
• Control Effectiveness Assessment
• Data Interpretation
• Testing Procedures Design
• Sampling Methodologies
• Monitoring Frameworks
• Root Cause Analysis
• Issue Tracking

Soft Skills

• Attention to Detail
• Organizational Skills
• Self-Direction
• Integrity
• Relationship Building

Industry Keywords

• Financial Institution
• 2LOD Assurance Principles
• Compliance Frameworks
• Regulatory Examination
• Monitoring Logs
• Control Gaps
• Policy Breaches
• Remediation Commitments
• Thematic Reporting
• Compliance Reporting Packages