Head of Compliance Trust

A7 Recruitment; Taguig; On-site; PHP 1,800,000 - 4,200,000; Full time

Job summary

A7 Recruitment Company is seeking a Head of Compliance Trust to oversee regulatory coordination with the BSP and other regulators, and to own the risk-based Trust Compliance Program. The role includes supervising breach remediation, regulatory identification, and independent testing, with responsibility for investment compliance and governance reporting.

The position requires at least 5 years in compliance or regulatory affairs, strong BSP knowledge, and relevant certifications.

Qualifications

• At least 5 years of compliance, audit, or regulatory affairs experience.
• Strong knowledge of BSP circulars on trust and fiduciary business and AML/CTF requirements.
• Experience managing BSP examinations, AREFs, or Letters of Commitment.
• Actively monitors BSP issuances and regulatory developments affecting trust operations.

Responsibilities

• Coordinate with BSP regulators and prepare examination responses.
• Design and maintain the Trust Compliance Program and keep it updated for regulatory changes.
• Escalate material breaches and drive corrective action plans with deadlines.
• Lead and monitor AML/CFT program implementation and testing.
• Provide Board reporting on exposures, findings, and resource needs.

Skills

Regulatory coordination

Regulatory reporting

Auditing/regulatory affairs

Board communication

Training and leadership

Education

Bachelor's degree in Law/Accounting/Finance

TOAP/ITEMS credential

Tools

MORNBFI-T

BSP circulars

AML software

Job description

HEAD OF COMPLIANCE TRUST

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