Transaction Pre-screening Section Head

BDO Unibank, Inc.; Metro Manila; On-site; PHP 680,000 - 1,280,000; Full time

Job summary

BDO Unibank, Inc. is seeking a diligent risk and compliance professional to safeguard the bank from misuse as a channel for unlawful funds.

You will oversee name sanction screening, cross-border remittance monitoring, and transaction analysis within the BRS and MTS frameworks, ensuring timely reporting and strict adherence to laws and internal policies. The role requires collaboration with Operations, Compliance, and Audit teams, onsite in Ortigas, with a focus on accuracy, data integrity, and

Qualifications

• Bachelor’s degree in Business, Law, Accounting or Finance.
• At least 5 years of experience in Remittance/Operations, Banking, Finance and/or Fintech, Transaction Review and Monitoring, Compliance, Data Analytics, Project Management.

Responsibilities

• Manages day-to-day operations of the unit in accordance with legal regulations and internal Bank policies and procedures.
• Ensures timely transaction review through name screening and monitoring including related processes.
• Maintains proper controls and acts quickly on production/system issues impacting processing.
• Protects the integrity and confidentiality of transaction and client data.
• Prepares and submits reports required by management and regulators in a timely manner.

Education

Bachelor's degree relevant to the job; preferably in Business, Law, Accounting or Finance

Job description

BDO Unibank, Inc. is the Philippines’ leading full-service bank, offering a wide range of financial and digital banking services. Guided by our brand promise “We Find Ways,” we are committed to delivering easy, reliable, and customer-focused services. Build your career with a trusted industry leader.

Job Summary

Primarily responsible within reasonable latitude in ensuring that the bank will not be used as a channel to transmit funds from any unlawful sources yet mindful not to unnecessarily hinder legitimate transactions from passing through promptly. This shall be done by ensuring that transaction review, through name sanction screening, Covered Transaction verification, and transaction monitoring of cross-border remittances from various tie-ups, remittance agents, selected BDO Remit Offices and Subsidiaries processed through BDO Remit System (BRS) and Money Transfer System (MTS) are performed on a timely and proper manner and in compliance with legal regulations, internal policies, and industry standards. This includes timely submission of relevant reports and findings.

Key Responsibilities:

A. Operations Functions

• Manages day-to-day operations of the unit in accordance with legal regulations and internal Bank policies and procedures.


• Ensures that transaction review through name screening and transaction monitoring including related processes are performed on a timely and proper manner.


• Ensures that proper controls are in place.


• Acts quickly on production/system issues that will impact processing


• Preserves the integrity and confidentiality of transaction and client data; thus, avoiding unwanted disclosure of any information to third parties.

B. Administrative and Reportorial Requirements

• Maintains an organized and tidy work environment by overseeing the cleanliness of workspace, storage areas, and common areas.


• Ensures timely preparation of monthly schedule.


• Reviews and approves system access requests and monthly allowance claims.


• Reviews periodic administrative and compliance reports.


• Prepares, reviews, and submits reports required by BDO management and regulators on a timely manner.


• Provides support to Business Development Unit, BDO branches, tie-ups and remittance agents, and other Remittance and Head Office units.

C. Audit

• Ensures timely completion of request and reports related to any planned examination by the regulator (e.g. BSP), internal audit, and Independent Compliance Testing.


• Takes action in response to recommendations on audit findings.


• Ensure awareness on updated and relevant regulatory issuances.

D. Other Functions

• Perform other related functions that may be assigned from time to time.

Qualifications:

• Bachelor's degree relevant to the job; preferably in Business, Law, Accounting or Finance


• At least 5 years of experience, preferably in: Remittance Business / Operations, Banking, Finance and/or Fintech, Transaction Review and Monitoring, Compliance, Data Analytics, Project Management


• Must be willing to work onsite and be assigned in Ortigas.