Regulatory Compliance Officer

Regulatory Compliance Officer - AML, Legal and/or Compliance (Banking)

Job Description

a Chinese majority-owned commercial bank headquartered in Beijing and one of the largest banks in the world.

The Role:

Assist the CCO in ensuring the existence of an effective regulatory compliance program for the Bank.

Duties and Responsibilities:

The Regulatory Compliance Officer will provide assistance to the Chief Compliance Officer (CCO) in carrying out his/her duties and responsibilities with respect to the following:

(1) Periodic updating of the branch compliance Policy & Charter, Compliance Program, and Compliance Risk Assessment (CRA);

(2) Dissemination of relevant recent regulatory issuances to concerned units on time and providing guidance/reminder thereon to ensure compliance;

(3) Submission of regular compliance and other reports for Management Committee and BOCHKs Legal, Compliance & Operational Risk (LCO) Department ;

(4) Tracking and follow through of pending regulatory compliance/corrective actions to be undertaken by concerned units as far as BSP examination findings (Advance and ROE) and IAG audit exceptions are concerned (except AML-related findings/exceptions);

(5) Review of bank policies and procedures insofar as compliance with regulatory requirements is concerned, proposals on outsourcing, cross-selling, and transactions/arrangements and maintain/update a central database of such records for monitoring purposes;

(6) Conduct special training sessions/briefings on key topics relating to general compliance, as may be instructed by the CCO;

(7) Tracking of HO unit's periodic conduct of departmental compliance self-rating/testing, updating of Unit Compliance Representatives (UCRs), and entailing designation memos and resolution tracking of declared regulatory issues/concerns;

(8) Following through with concerned units on reportorial requirements falling due and issuance of reminders to ensure compliance with applicable regulations bank-wide within the deadline; and

(9) Disseminate, follow through and ensure submission of requirements/requests that may be made by BSP CPC from time to time.

II. Conduct Independent Compliance Testing (ICT) on selected HO units (non-AML related) as may be assigned by the CCO on the basis of the approved risk-based Compliance Program and Compliance Risk Assessment (CRA), report results thereof and track the status of corrective actions taken thereon.

III. Serve as COs central coordinator between the BSP examiners and the various units concerned during BSP examinations.

Qualifications:

• Must have a minimum experience of five (5) years in compliance/ internal audit/ risk management/ legal services/ operations
• Experience as a Data Privacy officer is preferred
• Familiarity with the BSP, Manual of Regulations for Banks (MORB), and other regulatory agencies that govern banks, such as but not limited to SEC, BIR, etc.
• Good oral and written communication skills, highly analytical and resourceful.
• Excellent interpersonal skills, good communication, writing, and problem-solving skills
• Ability to prioritize, meet deadlines, able to be firm yet tactful, must be an organized and oriented person
• Experience working in a foreign bank

Work Setup:

• Shift: Day Shift
• Setup: Onsite
• Location: BGC, Taguig PH

By Applying, you give consent to collect, store, and/or process personal and/or sensitive information for the purpose of recruitment and employment may it be internal to Cobden & Carter International and/or to its clients.