Regulatory Compliance Head

Regulatory Compliance Head Location: Maybank Taguig, National Capital Region, Philippines The Regulatory Compliance Head is responsible for establishing, driving and overseeing regulatory compliance (not inclusive of AML/CFT) strategies, direction, and initiatives to facilitate MPI’s compliance and adherence to relevant laws, rules, regulations, guidelines, standards as well as Group’s policies and procedures governing its day-to-day operations. The incumbent also serves as MPI’s Data Protection Officer (DPO) for MPI. Under the guidance of the Chief Compliance Officer, the Head, Regulatory Compliance ensures the effective implementation of the compliance risk management system that is designed to specifically identify and mitigate risks that may erode MPI’s franchise value, such as risks of legal or regulatory sanctions, material financial loss, or loss to reputation, and reports status of the Compliance Program to the Board, Senior Management and, if necessary, to local regulators. The incumbent shall work closely with Management, related business units, and local regulators where applicable as part of the incumbent’s accountability to assist the Chief Compliance Officer in managing MPI’s regulatory compliance risk. How you can contribute Source, identify, and keep abreast of laws, rules, regulations, guidelines, standards, and Group’s policies that are applicable to MPI. Conduct regulatory impact analysis, in collaboration with relevant stakeholders, and recommend necessary compliance risk management activities to the applicable laws, rules and regulations, as well as internal policies of MPI. Jointly with the CCO, prepare and update MPI’s Compliance Program for the effective implementation of the compliance risk management system, and monitor the status of compliance issues and initiatives to ensure measures remain current in line with any changes. Escalate and report promptly any regulatory compliance status/issues to the Board and Senior Management, as well as to local regulators if necessary. Ensure that relevant stakeholders at MPI are aware of applicable regulations, understand the impact thereof, and implement the necessary control measures to mitigate any regulatory risk, adhering to the requirements of laws, rules, regulations, guidelines, standards, and Group’s policies. Direct the review of gap/impact assessment of any regulations to substantiate the control put in place. Coordinate conduct of independent testing with the Compliance Review Unit to oversee control effectiveness and assess compliance risk. Oversee the impact and conduct root cause analysis of regulatory policy breaches or changes. Ensure appropriate investigation into the cause of compliance breaches/violations and take remedial action. Lead the periodic review and tracking of compliance issues and incidents to evaluate control and avoid recurrence. Lead the review and assessment of compliance and regulatory risks during new product/service/process/infrastructure project sign-offs. Recommend and provide value-added advice on the adequacy of control within businesses in managing and mitigating regulatory compliance risk effectively. Your Profile A graduate from a recognized institution with a relevant degree. At least 5‑7 years of working experience in compliance function, preferably at a managerial level. Significant experience gained in the banking industry, preferably in compliance, risk management, legal, audit, operations, etc. Experience working in the capacity of banking operations, audit, and compliance is an added advantage. 6‑15 years of work experience in a relevant field. Must hold certification such as Certified Bank Compliance Officer or Certified Regulatory Compliance Manager. Seniority level Mid‑Senior level Employment type Full‑time Job function Accounting / Auditing and Management Industries Banking #J-18808-Ljbffr