We are hiring for Regulatory Compliance Manager
Job Summary
The Compliance Manager is responsible for developing, implementing, and overseeing a comprehensive regulatory compliance program that ensures adherence to all applicable banking laws, rules, and regulations. The role also involves promoting a culture of compliance across all units of the bank, conducting regular compliance audits, and serving as the liaison with regulatory bodies. This position plays a critical leadership role in mitigating regulatory risk and maintaining the integrity of the bank’s operations.
Key Responsibilities
A. Compliance Program Management
- Develop and implement an effective, bank-wide compliance program aligned with regulatory requirements.
- Monitor and disseminate updates on laws, rules, and regulations issued by BSP and other regulatory bodies.
- Coordinate with all departments to ensure compliance with regulatory requirements and internal policies.
- Serve as the primary point of contact for regulatory agencies and facilitate audits and regulatory examinations.
- Regularly review and update compliance policies and procedures to ensure relevance and effectiveness.
- Conduct compliance-related training and awareness programs for bank personnel.
B. Compliance Monitoring and Audit
- Guide business units in developing compliant products, services, and internal processes.
- Conduct periodic compliance reviews and testing to assess adherence to internal controls and regulatory guidelines.
- Coordinate the preparation and submission of required reports, documentation, and responses to BSP examinations.
- Recommend and monitor the implementation of corrective actions based on audit findings.
C. Leadership and Team Management
- Lead and manage the Compliance team, including performance reviews, work planning, and professional development.
- Set departmental goals, KPIs, and budget plans in line with organizational objectives.
- Foster a culture of accountability and continuous improvement within the department.
D. Cross-Functional and Administrative Duties
- Collaborate with other departments in addressing compliance-related matters affecting operations and business strategies.
- Participate in meetings, committees, and training sessions relevant to compliance and risk management.
- Prepare compliance-related reports, documentation, and meeting minutes as required.
- Perform other tasks and special projects as assigned.
Qualifications
Education:
- Bachelor’s degree in Business Administration, Finance, Accountancy, Law, or any related field.
- Professional certifications in compliance or risk are a plus.
Experience:
- Minimum of 5 years of relevant experience in compliance management within a bank, financial institution, or regulatory body.
- Familiarity with BSP regulations and banking operations is required.
Key Competencies:
- Strong knowledge of regulatory compliance frameworks and financial laws
- Excellent analytical, communication, and problem-solving skills
- High attention to detail and integrity
- Proven leadership and people management abilities
- Proficiency in report writing and compliance documentation
Job Types: Full-time, Permanent
Pay: Php100,000.00 - Php120,000.00 per month
Benefits:
- Company car
- Company Christmas gift
- Company events
- Flexible schedule
- Health insurance
- Life insurance
- Opportunities for promotion
- Paid training
Schedule:
- 8 hour shift
- Day shift
- Monday to Friday
Supplemental Pay:
- 13th month salary
- Overtime pay
- Performance bonus
Work Location: In person
