Fraud Prevention Officer (AML Unit)

Cobden & Carter International; Taguig; On-site; PHP 1,200,000 - 1,800,000; Full time

Job summary

Cobden & Carter International in Taguig City seeks a seasoned compliance professional to oversee AFASA, ABC, and related regulations within the bank's operations. You will lead monitoring, risk assessments, and investigations, ensuring controls are effective and aligned with applicable laws and internal policies.

The role focuses on advisory support for business initiatives, product launches, and process changes, with a hands-on approach to monitoring and reporting.

Qualifications

• Bachelor's degree in Finance, Banking, Risk Management, Business Administration, or a related field.
• Certified Fraud Examiner (CFE) is preferred but not required.
• 4–7 years of experience in banking compliance, operational risk, audit, fraud investigation, or regulatory compliance.
• Experience with AFASA, AML, ethics and compliance, or ABC programs is preferred.

Responsibilities

• Oversee AFASA and ABC compliance program implementation across business units.
• Ensure controls align with laws, regulations, and internal policies, challenging control effectiveness.
• Conduct periodic monitoring and testing of AFASA/ABC requirements across products, channels, and operations.
• Identify gaps, escalate significant findings to Compliance Management and Senior Management.
• Perform risk assessments, thematic reviews, and monitor KRIs and trends.
• Provide advisory support interpreting regulatory requirements for initiatives, launches, and changes.
• Review and coordinate investigations of compliance incidents, ensuring root cause analysis and remediation.
• Monitor anti-bribery, anti-corruption, conflict of interest, and gifts & entertainment policies; support third-party due diligence.
• Prepare reports, dashboards, and support regulatory submissions and audits.
• Deliver awareness, ABC, and fraud training; assist in policy updates.

Skills

Compliance experience

Regulatory knowledge

Education

Bachelor's degree in Finance/Banking/ Risk Management/ Business Admin

Law degree (advantage)

Job description

Responsibilities:

• Oversee the implementation of the Anti-Financial Account Scamming Act (AFASA) and Anti-Bribery and Corruption (ABC) compliance programs across business units.
• Ensure compliance controls align with applicable laws, regulations, and internal policies, providing independent challenge to the control effectiveness of the First Line of Defense.
• Conduct periodic compliance monitoring and testing activities, reviewing adherence to AFASA and ABC requirements across products, channels, and operations.
• Identify compliance gaps, control weaknesses, and policy deviations, escalating significant findings to Compliance Management and Senior Management.
• Perform compliance risk assessments, thematic reviews, and monitor key compliance risk indicators (KRIs) and trends to recommend corrective actions and mitigation measures.
• Provide compliance advisory support to business and operational units, interpreting regulatory requirements and communicating implementation expectations for business initiatives, product launches, and process changes.
• Review, investigate, and assess compliance incidents, breaches, and escalation cases, coordinating investigations relating to AFASA and ABC concerns, and ensuring root cause analysis and remediation plans are completed and tracked.
• Monitor compliance with anti-bribery, anti-corruption, conflict of interest, and gifts & entertainment policies, supporting due diligence reviews for third parties, vendors, and high-risk relationships.
• Prepare relevant periodic compliance reports, dashboards, management updates, and support regulatory submissions, examinations, inquiries, and audit observations.
• Conduct compliance awareness, ABC, and fraud-related training sessions while assisting in developing and updating AFASA and ABC policies, procedures, and standards.

Qualifications:

• Bachelor's degree in Finance, Banking, Risk Management, Business Administration, or a related field; a Law degree is an advantage.
• Certified Fraud Examiner (CFE) is preferred but not required.
• At least 4–7 years of experience in banking compliance, operational risk, audit, fraud investigation, or regulatory compliance.
• Experience in Anti-Financial Account Scamming Act (AFASA), Anti-Money Laundering, fraud risk, ethics and compliance, or Anti-Bribery & Anti-Corruption (ABC) programs is preferred.

Work Setup: Full Onsite

Schedule: Day Shift, Monday to Friday

Location: BGC, Taguig City