Compliance Assocaite

1 week ago

Ortigas Post Office, Philippines Traxion Tech Full time ₱20,000 - ₱200,000 per year

Basic Functions

The Compliance Associate – KYC/KYB is responsible for supporting the company's customer due diligence (CDD) processes in compliance with regulatory requirements, particularly those set by the Bangko Sentral ng Pilipinas (BSP), Anti-Money Laundering Council (AMLC), and other applicable laws. The role ensures that both individual clients (KYC) and business entities (KYB) are properly verified, monitored, and documented, to mitigate risks related to money laundering, terrorist financing, fraud, and other financial crimes.

Essential Duties and ResponsibilitiesKYC (Know Your Customer)

  • Collect, review, and validate customer identification documents and information.
  • Perform customer due diligence (CDD) and enhanced due diligence (EDD) for high-risk clients.
  • Ensure proper risk categorization of customers based on established guidelines.
  • Maintain accurate and updated KYC records in the compliance system.

KYB (Know Your Business)

  • Conduct verification of corporate clients, including business registration, licenses, beneficial ownership, and authorized signatories.
  • Assess legitimacy of business activities and perform background checks when necessary.
  • Coordinate with third-party vendors or government databases to validate business information.
  • Monitor corporate clients for compliance with regulatory requirements and internal policies.

Ongoing Monitoring & Reporting

  • Assist in transaction monitoring and flagging unusual or suspicious activities.
  • Prepare and escalate Suspicious Transaction Reports (STRs) or Covered Transaction Reports (CTRs) as required by AMLC.
  • Support regulatory submissions and audits related to AML/KYC/KYB compliance.
  • Maintain secure and organized compliance records for internal and external review.

Collaboration & Support

  • Work closely with the Compliance Manager, Risk, and Operations teams to ensure seamless onboarding and monitoring processes.
  • Provide guidance to internal teams on compliance requirements during client onboarding.
  • Assist in compliance training sessions for staff.

Job RequirementsTechnical / Industry Knowledge

  • At least 1–3 years of experience in compliance, AML/KYC, KYB, or related roles in fintech, EMI, banking, or financial services.
  • Knowledge of BSP Circulars, AMLC guidelines, Data Privacy Act, and other applicable regulations.
  • Familiarity with compliance tools and customer onboarding systems is an advantage.
  • Strong analytical skills in reviewing customer information and detecting red flags.

Soft Skills

  • High level of integrity and confidentiality.
  • Detail-oriented with excellent organizational skills.
  • Strong written and verbal communication skills.
  • Ability to work independently and within a team under strict timelines.

Educational Requirements

  • Bachelor's Degree in Business Administration, Finance, Accountancy, Legal Management, Economics, or related field.
  • AML/CFT certifications (e.g., CAMS, CAME, ICA) are an advantage.

Job Summary

As a Compliance Associate – KYC/KYB, you will be at the forefront of ensuring that the company maintains strong defenses against financial crimes. You will handle customer and business onboarding, due diligence, and ongoing monitoring, ensuring that all clients meet the highest compliance standards in line with regulatory and company policies.

Job Type: Full-time

Pay: From Php20,000.00 per month

Work Location: In person