Compliance Specialist - Ortigas, Pasig City, Pilipinas - The People's House Corp.

Paglalarawan

• Conducts an independent assessment on the result of assurance testing of the different business units of the bank;
• Initiates discussion of compliance issues/observations with the concerned officers including recommendations to ensure immediate correction of compliance breaches and improvement in existing processes;
• Escalates to the Chief Compliance Officer sensitive and/or major issues that require immediate action and/or referral to Senior Management, Audit Committee, and/or the Board of Directors;
• Prepares and/or recommends implementation of additional policies/procedures to augment or strengthen regulatory controls on reviewed activities/processes;
• Monitors the timely resolution of compliance issues including identification of root causes by the concerned units submitted to the Compliance Department;
• Identifies and monitors unresolved Anti-Money Laundering issues and/or findings outstanding for more than 90 days for the preparation of a Notice to Explain to the concerned Branches/ Business Units in compliance with the AML Sanction policy;
• Provides and facilitates prompt submission of information, documents, or reports by the requested regulators during their on-site and off-site examinations. If no due date is provided, the requested information, documents, or reports shall be submitted within the three (3) days turn-around time observed by the bank;
• Keeps abreast of updates on BSP policies as stipulated in the Manual of Regulations for Banks (MORB) and Bank policies as specified in the Money Laundering and Terrorist Financing Prevention Program (MTPP) through circulars, required seminars/programs and adheres to said policies; and
• Performs other job-related duties as assigned by the Chief Compliance Officer.