Regulatory Compliance Manager

We are hiring for Regulatory Compliance Manager

Job Summary

This position plays a critical leadership role in mitigating regulatory risk and maintaining the integrity of the banks operations.

• Develop and implement an effective, bank-wide compliance program aligned with regulatory requirements.
• Monitor and disseminate updates on laws, rules, and regulations issued by BSP and other regulatory bodies.
• Coordinate with all departments to ensure compliance with regulatory requirements and internal policies.
• Serve as the primary point of contact for regulatory agencies and facilitate audits and regulatory examinations.
• Regularly review and update compliance policies and procedures to ensure relevance and effectiveness.
• Conduct compliance-related training and awareness programs for bank personnel.

• Guide business units in developing compliant products, services, and internal processes.
• Conduct periodic compliance reviews and testing to assess adherence to internal controls and regulatory guidelines.
• Coordinate the preparation and submission of required reports, documentation, and responses to BSP examinations.
• Recommend and monitor the implementation of corrective actions based on audit findings.

• Lead and manage the Compliance team, including performance reviews, work planning, and professional development.
• Set departmental goals, KPIs, and budget plans in line with organizational objectives.
• Foster a culture of accountability and continuous improvement within the department.

• Collaborate with other departments in addressing compliance-related matters affecting operations and business strategies.
• Participate in meetings, committees, and training sessions relevant to compliance and risk management.
• Prepare compliance-related reports, documentation, and meeting minutes as required.
• Perform other tasks and special projects as assigned.

Qualifications

Education:

• Bachelors degree in Business Administration, Finance, Accountancy, Law, or any related field.
• Professional certifications in compliance or risk are a plus.

Experience:

• Minimum of 5 years of relevant experience in compliance management within a bank, financial institution, or regulatory body.
• Familiarity with BSP regulations and banking operations is required.

Key Competencies:

• Strong knowledge of regulatory compliance frameworks and financial laws
• Excellent analytical, communication, and problem-solving skills
• High attention to detail and integrity
• Proven leadership and people management abilities
• Proficiency in report writing and compliance documentation