Compliance Officer

Summary: The Compliance Officer will provide regulatory and compliance advice, guidance, opinions, direction, and training to the business. The Compliance Officer ensures the business complies with the letter and spirit of regulations, which will consequently deliver fair outcomes for customers and embed robust risk management culture in RLFC’s processes. Responsibilities: Provides compliance support, advice, and guidance to the business lines in various compliance areas (e. g.

, BSP regulations, Securities Regulation Code and its Implementing Rules and Regulations, and rules published by Self-Regulatory Organizations, as applicable);Advises the business on the benefits and impact of regulations, current industry practices, and advancements on the assigned business line and compliance areas;Serves as a regulatory coordinator for projects, products, and services requiring implementation/application of regulations related to the assigned business line and compliance areas;Supports the Chief Compliance Officer to improve and maintain the day-to-day running of the Division, to ensure efficient decision-making and execution of tasks;Provides credible challenge in the area of compliance risk management;Supports the) compliance function by identifying developing issues and trends that may impact or be relevant to the management of regulatory, compliance, and AML risks;Supports the Division Head in ensuring quality and effective compliance inputs to the appropriate Governance and Board Committees;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.

Assist the RLFC’s Division Head / CCO, in activities such as, but not limited to Compliance advisory, Embedding of new regulations, Compliance assurance review (testing). Qualifications: Bachelor's Degree holder. Preferably Major in Accounting, Legal Management, or any business or relevant courseWith at least two (2) years’ experience preferably in the compliance or audit functions in the banking, finance leasing, or quasi-banking industryRegulatory compliance knowledge related to the assigned business line and compliance function; Knowledge on finance leasing products and services; Thorough understanding of regulatory and compliance risks; Solid technical background in Accounting and Reporting preferred (not mandatory)