Remedial and Compliance Officer

XentroMall; Marikina; On-site; PHP 334,800 - 446,400; Full time

Job summary

A financial institution in the Philippines seeks a Compliance Officer responsible for managing regulatory compliance and risk assessment. The ideal candidate will develop compliance policies, oversee adherence to laws, and conduct audits. Applicants should have a Bachelor’s degree, 2-3 years of experience in the banking sector, and strong communication skills. This position offers an opportunity to uphold compliance standards and contribute to continuous improvement initiatives.

Qualifications

• 2–3 years of experience in a banking or financing corporation.
• Strong knowledge of regulatory bodies such as the SEC, AMLA, CIC, and others.

Responsibilities

• Ensure full adherence to laws and regulations set by regulatory bodies.
• Monitor and evaluate the company's operation and compliance.
• Develop, review, and update compliance policies and procedures.
• Conduct compliance audits and risk assessments.

Skills

Strong written and verbal communication skills

Bookkeeping and financial literacy

Proficient in Microsoft Office and compliance software

Education

Bachelor’s degree in Finance, Business Administration, or related field

Job description

Description

• Compliance Management
• Ensure full adherence to all applicable laws, regulations, and guidelines set by regulatory bodies such as the SEC, AMLC, and other relevant agencies
• Monitor and evaluate the company's operation
• Develop, review, and update compliance policies and procedures
• Conduct a compliance audit and risk assessment
• Prepare and submit compliance reports and documents
• Ensure implementation of Anti-Money Laundering (AMLA) and the Data Privacy Act (DPA)
• Coordinate with internal departments
• Provide compliance guidance and training
• Maintain records and documentations
• Act as Liaison Officer
• Remedial and Recovery Management
• Monitor delinquent and non-performing accounts (NPA)
• Develop and implement remedial strategies
• Coordinate with collection teams and legal counsel
• Evaluate and recommend accounts
• Prepare reports
• Negotiate with clients
• Ensure documentation and safekeeping
• Conduct periodic reviews of problem accounts
• Coordinate with the credit department
• Maintain confidentiality and integrity
• Risk Management and Audit Coordination
• Identify operational, compliance, and credit risks
• Assist in internal and external audits
• Implement corrective actions
• Monitor portfolio quality
• Recommend policy improvements
• Training, Ethics, and Continuous Improvement
• Conduct or facilitate staff orientation
• Promote a culture of compliance and accountability
• Encourage continuous process improvement
• Uphold integrity, professionalism, and confidentiality

Requirements

• Educational Qualifications: Bachelor’s degree in Finance, Business Administration, or related field.
• Experience Level: 2–3 years of experience in a banking or financing corporation.
• Skills and Competencies: Strong written and verbal communication skills.
• Skills and Competencies: Bookkeeping and financial literacy.
• Skills and Competencies: Proficient in Microsoft Office and compliance software.
• Qualities and Traits: Strong knowledge in all sets of regulatory bodies, such as the SEC, AMLA, CIC, and other relevant agencies.