Compliance Officer

About the company:

A fast-growing, technology-driven financial services organization is seeking an experienced 
Compliance Officer

to lead its enterprise-wide compliance program in accordance with BSP MORB and BSP Circular No. 972. The organization is backed by international fintech investors and supports nationwide financial inclusion by offering accessible digital lending products. This role represents a critical leadership position within a highly regulated and rapidly expanding institution. 

Role Summary:

Position Title:

Compliance Officer 

Reports To:

The Board of Directors (through the Compliance Committee), and administratively to the President/CEO 

The Compliance Officer is responsible for ensuring that the bank operates in compliance with all applicable laws, rules, regulations, standards, and industry best practices as required by the BSP MORB. The position oversees the compliance system, promotes a strong compliance culture, and ensures that compliance risks are effectively identified, assessed, monitored, and controlled. 

A. Compliance Risk Management

• Develop and implement the Compliance Program, including policies and procedures that ensure adherence to regulatory requirements.
• Identify, assess, and monitor compliance risks affecting the bank and recommend appropriate control measures.
• Oversee preparation of the Annual Compliance Plan, including risk-based compliance testing and monitoring activities.
• Ensure the bank's Compliance System is aligned with BSP requirements, including governance structure and internal controls.

B. Regulatory Liaison and Reporting

• Serve as the primary point of contact with the BSP on compliance matters.
• Oversee timely submission of all regulatory reports such as the Compliance Officer's Annual Report, AMLA-related filings (if not delegated to the AML Compliance Officer), and other required reports.
• Monitor new laws, regulations, and BSP issuances, assess their impact, and ensure timely implementation within the bank.

C. Compliance Monitoring and Testing

• Conduct compliance reviews and testing to evaluate adherence to regulatory requirements and internal policies.
• Prepare and submit Compliance Monitoring Reports to management and the Board-level Compliance Committee.
• Ensure that findings and regulatory exceptions are corrected and addressed promptly.

D. Advisory and Training Role

• Provide compliance advice to business units on new products, services, and processes.
• Oversee regular compliance training programs to promote a strong compliance culture across the bank.
• Ensure that employees understand their regulatory obligations and the importance of compliance.

E. Governance and Independence

• Maintain independence from business units (as required by MORB).
• Provide direct reporting access to the Board of Directors and its Compliance Committee.
• Ensure that the Compliance Office is adequately staffed and resourced.

Qualifications:

• Bachelor's degree in Accountancy, Finance, Business Administration, or similar.
• 5–8 years of compliance, audit, or risk experience, ideally in banking or financial services.
• Strong command of BSP regulations, MORB/MORNBFI, and AMLA guidelines.
• Confident in handling regulatory interactions and audits.
• Analytical, detail-oriented, and ethical; strong documentation and communication skills.
• Must be willing to work onsite in Iloilo.

Preferred Competencies:

• Expertise in regulatory requirements and compliance risk management.
• Ability to design and oversee a compliance framework.
• Strong ethical foundation and sound decision-making skills.
• Excellent communication skills with the ability to work effectively with the Board, regulators, and staff.

Authority:

• Unrestricted access to bank records, systems, and personnel needed to carry out compliance responsibilities.
• Authority to escalate compliance issues directly to the Board.
• Authority to recommend corrective actions and policy changes.

The organization is a rapidly expanding fintech player in the Philippines, focused on delivering fair, accessible, and user-friendly financial products to underserved communities. Supported by a global fintech investor and operated by SEC-registered financial institutions, the company is committed to promoting financial inclusion and building best-in-class consumer lending solutions. Team members have the opportunity to contribute to a high-impact, mission-driven business with strong international backing.