Head of Compliance

AB Capital Group; Taguig; On-site; PHP 2,400,000 - 4,800,000; Full time

Job summary

AB Capital & Investment Corporation seeks a Head of Compliance to lead the independent compliance function for its Trust and Investments Division. This senior role requires regulatory judgment and experience interfacing with BSP examiners.

You will own the risk-based Trust Compliance Program, supervise staff, and coordinate with regulators on examinations, responses, and closure of findings. Strong knowledge of AML/CFT and fiduciary regulations is essential.

Qualifications

• At least 5 years of compliance, audit, or regulatory affairs experience, with meaningful exposure to BSP-regulated trust or asset management operations.
• Strong knowledge of MORNBFI-T, BSP circulars on trust and fiduciary business, and AML/CTF requirements.
• Experience managing BSP examinations, AREFs, or Letters of Commitment directly.
• Active monitoring of BSP issuances and emerging regulatory developments affecting trust operations.
• Bachelor’s degree in Law, Accountancy, Finance, or related field.

Responsibilities

• Regulatory Coordination and Reporting: Act as primary compliance contact with BSP and regulators; oversee regulatory submissions and closure of findings.
• Compliance Program Ownership: Design and maintain risk-based Trust Compliance Program; review annually and on material changes.
• Breach Management: Escalate breaches, require corrective actions with deadlines, and verify closure evidence.
• Regulatory Identification and Implementation: Evaluate new issuances, communicate requirements to units, monitor implementation.
• Independent Monitoring and Testing: Establish risk-based testing program; document scope, evidence, and conclusions.
• Investment Compliance: Monitor compliance across trust, IMA, UITF, and related activities including disclosures and conflicts of interest.
• Board Reporting and Staff Development: Report exposures and findings to Board; supervise personnel and ensure training.
• AML/CFT Program Leadership: Lead AML/CFT program including risk assessment, CDD, and beneficial ownership.
• AML/CFT Operations: Oversee screening, monitoring, alert investigations, and regulatory reporting.
• AML/CFT Training & Escalation: Train personnel; coordinate with BSP/AML C for significant risks; monitor corrective actions.

Skills

Regulatory coordination

Board reporting

Regulatory testing

Staff development

AML/CFT leadership

Regulatory affairs

Regulatory monitoring

Education

Bachelor’s degree in Law, Accountancy, Finance, or related field

Job description

AB Capital & Investment Corporation is looking for a Head of Compliance to lead the independent compliance function for its Trust and Investments Division. This is a role for someone who has sat across the table from a BSP examiner before — and has the regulatory judgment to keep the division ahead of what comes next.

Responsibilities

• Regulatory Coordination and Reporting: Serve as a principal compliance contact with the BSP and other regulators. Coordinate compliance-related findings with the BSP, examination responses, and closure of findings as indicated in the Letter of Commitment (LOC), Report on Examination (ROE), and the Advanced Report of Examination Findings (AREF). Oversee controls that support the integrity, accuracy, and timeliness of regulatory submissions.
• Compliance Program Ownership: Design, implement, maintain, and recommend for Board approval the risk-based Trust Compliance Program. Review the program at least annually and when material regulatory or business changes occur.
• Breach Management and Remediation: Escalate material breaches promptly; require corrective action plans from accountable owners with specific deadlines; monitor implementation; and validate evidence supporting closure.
• Regulatory Identification and Implementation: Evaluate new issuances, identify affected activities, communicate requirements, and monitor implementation by business units.
• Independent Monitoring and Testing: Establish and execute a risk-based Compliance Testing Program/Calendar. Document testing scope, samples, evidence, findings, and conclusions. Assess whether controls are effective.
• Investment Compliance: Monitor compliance with applicable requirements governing trust, IMA, UITF, Employee Benefit Trust, custody, escrow, and other authorized activities. Coverage includes investment restrictions, suitability, disclosures, conflict of interest, and related-party transactions.
• Board Reporting and Staff Development: Report compliance exposures, findings, overdue actions, and resource needs to the Board or designated committees. Supervise compliance personnel and maintain role-appropriate training.
• AML/CFT Program Leadership: Lead the implementation and review of the Corporation’s AML/CFT, proliferation financing, and sanctions compliance program, including institutional risk assessment, customer due diligence, and beneficial ownership verification.
• AML/CFT Operations: Oversee screening, transaction monitoring, alert investigation, timely regulatory reporting, recordkeeping, and confidentiality safeguards.
• AML/CFT Training & Escalation: Train personnel, coordinate with the BSP and AMLC, report significant risks and deficiencies to the Board or designated committee, and monitor corrective actions.

Qualifications

• At least 5 years of compliance, audit, or regulatory affairs experience, with meaningful exposure to BSP-regulated trust or asset management operations.
• Strong working knowledge of MORNBFI-T, BSP circulars on trust and fiduciary business, and AML/CTF requirements.
• Experience managing BSP examinations, AREFs, or Letters of Commitment directly.
• Actively monitors BSP issuances and emerging regulatory developments affecting trust operations.
• Certified Trust Professional (TOAP) or Certified Trust Officer (ITEMS) credential a plus.
• Strong report writing and board-level communication skills.
• Bachelor’s degree in Law, Accountancy, Finance, or related field.