Financial Crime Compliance Officer

FWD Insurance; Taguig; On-site; PHP 1,200,000 - 2,400,000; Full time

Job summary

FWD Group in Manila is seeking a seasoned Compliance lead to own AML and FATCA programs. You will review, monitor, and advise on regulatory adherence while coordinating data analytics initiatives to detect red flags and support risk-based decisions.

The role requires substantial AML experience within financial services and the ability to implement policies and monitor regulatory changes across the Life Operations. Join a dynamic team driving compliant growth.

Qualifications

• Relevant tertiary qualifications and AML related certifications.
• 5-8 years' experience in Compliance, Risk, or Audit work, preferably in leadership roles.
• Extensive exposure to AML regulations in the financial sector, whether in life insurance or BSP regulated entities.
• Strong background in AML, with basic working knowledge on FATCA; project management and reviews/testing helpful.
• Background in data analytics and ability to interpret red flags and trends.
• Ability to understand, interpret and implement regulatory guidelines and company policies.

Responsibilities

• Oversee AML and FATCA compliance, including CTR/STR processes and advisory roles.
• Lead data analytics programs to support proactive compliance monitoring.
• Prepare and submit Compliance Risk Assessments and Testing Reports for AML and FATCA.
• Provide timely risk-based compliance advisories across the organization.
• Coordinate regulatory updates and gaps analysis with stakeholders and regulators.
• Ensure escalation of financial crime risks with clear actions and outcomes.
• Support training and implementation of compliance policies and manuals.

Skills

AML regulations

Regulatory compliance

Data analytics

Regulatory guidelines interpretation

Education

Tertiary qualification with AML certifications

Job description

Job Description:

About FWD Group

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves over 40 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the Hong Kong Stock Exchange under the stock code 1828. For more information, please visit www.fwd.com

About FWD Life Philippines

FWD Life Insurance Corporation (FWD Life Philippines) launched its commercial operations in September 2014. As of end-2022, FWD Life Philippines ranks 3rd and 6th in terms of Paid-up Capital(1) and New Business Annual Premium Equivalent(2), respectively.

For more information, please visit fwd.com.ph.

1 www.insurance.gov.ph > Statistics > Life > 2022 > Based on Paid-Up Capital

2 www.insurance.gov.ph > Statistics > Life > 2022 > Based on New Business Annual Premium Equivalent

Financial Crime Compliance is expected to own and operate the Financial Crime Compliance (FCC) function as a reliable, repeatable and resilient system, ensuring timely, accurate and regulator-ready AML outputs while minimizing dependency on individual intervention and to embed the risk-based Compliance Management Framework focused on:

a. Regulatory and reportorial requirements especially for Anti-Money Laundering (AML), Foreign Account Tax Compliance Act (FATCA); and

b. Company requirements and standards on Anti-Bribery and Anti-Fraud for distributors

c. Ensure continuity of FCC operations, reporting, and monitoring independent of individual availability, including during peak workload, staff transitions, or absence.

The role primarily focuses on AML and FATCA compliance, including the reviewing and monitoring the submission of Covered Transaction Reports (CTRs) and Suspicious Transaction Reports (STRs) and providing guidance and advisory to Life Operations. The role will also be the Compliance lead for any data analytics program and process needed for effective and proactive Compliance monitoring.

Works closely with the Head of Compliance to ensure FCC outputs integrate into overall compliance governance, reporting cadence, and committee processes.

1. Oversee the implementation of policies, guidelines, procedures and manuals on AML, FATCA, Anti-Bribery, Anti-Fraud for Distributors and formulate/revise policies, manuals, training materials relevant to regulations and conduct training initiatives to various functional units, as needed.
2. Regularly monitor new AML and/or FATCA regulations, send regulatory updates to stakeholders, liaise with stakeholders on implementation of regulatory changes, ensure gap analysis is conducted on relevant new regulations.
3. Monitor submission and/or submit covered transaction reports and suspicious transaction reports to AMLC, regularly monitor accuracy and timeliness of system extraction of reports, liaise with Operations, Sales and the like on needed information for suspicious transactions, and oversee on-going or future system enhancements on CTR extractions.
4. Conduct and/or oversee the on-going transaction monitoring, including the assessment of the transactions, preparation of reports, escalations to the AMLO/Head of Compliance and submission of STRs, when necessary, and manage on-going or future enhancement of the transaction monitoring tool and registry.
5. Create, oversee, and maintain various Compliance data analytics program, dashboard or tools designed for pro-active detection and monitoring of key trends and/or red flags, including post sales quality monitoring.
6. Conduct and submit the Compliance Risk Assessment and Compliance Testing Report for AML and FATCA.
7. Prepare/submit required reports, monthly or quarterly, as required by the Head of Compliance, including but not limited to reports to Group Office, AML Committee, Compliance and Operational Risk Committee, Executive Committee, Board Committees and/or Board of Directors.
8. Review and give compliance advisories on AML, FATCA, Anti-Bribery, Anti-Fraud related subject matters, including active involvement in Company business initiatives to provide sound compliance advice. Ensure escalation of financial crime risks is timely, risk-based, and decision-ready, with clear articulation of impact and recommended action.
9. Perform all other related tasks as may be assigned by the Head of Compliance and/or Chief Compliance Officer.

Job Requirements:

• Relevant tertiary qualifications and AML related certifications
• 5-8 years' experience in Compliance, Risk, or Audit work, preferably in leadership roles
• Extensive exposure to AML regulations in the financial sector, whether in the life insurance industry or BSP regulated entities
• Strong background in AML, with basic working knowledge on FATCA, preferably with experience in project management and in conducting reviews and testing
• Has background on data analytics background and can interpret red flags and trends
• Able to understand, interpret and implement relevant regulatory guidelines and Company policies

Privacy Notice

Your privacy is a priority for FWD. The Company keeps your personal information with us in confidence. To know more about how we process your information, kindly refer to our FWD Recruitment Privacy Notice.

FWD has partnered with Talocity Instasolutions Private Limited ("Talocity") to manage the initial filtering of candidate's profiles through video interviews, social profile mapping, and video analytics using artificial intelligence engine that is offered within the Talocity platform. The platform evaluates the candidate on the five well-known dimensions as per OCEAN Personality Model that influence occupational success and help understand workplace behavior. For more information, please refer to Talocity Privacy Policy.

When you apply, FWD will share your name, phone number and email address to Talocity to contact you and conduct the initial screening and profiling process. Shortlisted candidates will then be contacted by FWD for the face-to-face interview.