Regulatory Affairs Lead, Banking Compliance

Salmon Group; Taguig; On-site; PHP 700,000 - 900,000; Full time

Job summary

Salmon Bank (Rural Bank) Inc., the banking arm of Salmon Group Ltd., is seeking a Regulatory Affairs Officer to monitor the regulatory environment and support submissions for BSP, AMLC, and other regulators. The role involves evaluating regulatory impacts on products and operations, and coordinating with business units to implement requirements.

Ideal candidates have a law or finance-related degree with 2–3 years in regulatory affairs within BSP-supervised banking, plus strong drafting and

Qualifications

• Bachelor’s degree in Law, Business Administration, Finance, Accountancy or a related field.
• 2-3 years of experience in regulatory affairs, compliance, legal or a related banking control function (experience in a BSP-supervised institution, especially digital banking, is an advantage).
• Working knowledge of MORB, AMLC issuances and other BSP issuances for digital banking, or the ability to be trained in them.
• Strong drafting and written communication skills.
• Strong coordination and follow-through skills.
• Sound analytical skills, including the ability to assess the business impact of proposed regulations.
• Ability to meet the Bank's fit and proper standards for Officer-rank positions, including pre-employment screening.

Responsibilities

• Regulatory monitoring of BSP circulars, AMLC advisories and other issuances.
• Assess applicability to the Bank’s products, services and operations and escalate significant developments.
• Assist with regulatory submissions and license amendment applications.
• Prepare responses to supervisory inquiries and examinations.
• Maintain records of submissions and regulator correspondence.
• Maintain the regulatory obligations register and track deadlines.
• Coordinate with business units on implementing new regulatory requirements.
• Review BSP action plans and ensure remediation items are complete.
• Review customer-facing materials for regulatory compliance.
• Support leadership with documentation and logistics for supervisory meetings.

Skills

Regulatory affairs

Compliance

Legal drafting

Regulatory reporting

Stakeholder coordination

Digital banking

Education

Bachelor’s degree

Job description

Salmon Bank (Rural Bank) Inc., the banking arm of Salmon Group Ltd., is seeking a Regulatory Affairs Officer to monitor the regulatory environment and support submissions for BSP, AMLC, and other regulators. The role involves evaluating regulatory impacts on products and operations, and coordinating with business units to implement requirements.

Ideal candidates have a law or finance-related degree with 2–3 years in regulatory affairs within BSP-supervised banking, plus strong drafting and