Compliance Officer  

The Compliance Officer renders assistance to the Legal And Compliance Department Head in developing, implementing, administering, and establishing measures and controls of the Company in compliance with national and local government laws and regulations, among them, those of the Banko Sentral ng Pilipinas (BSP) and policies of Western Union (WU).

Together with the immediate and over-all head of the Legal & Compliance Department, Compliance Officer reviews and evaluates compliance issues and concerns within the organization, specifically on matters and initiatives involving prevention of fraud-induced money transfers and maintaining a culture of Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) compliance, apart from providing guidance and advice to the Company in relation thereto.

Responsibilities:

• Develops, reviews, and updates, whenever necessary, the Company’s compliance policies, procedures, and programs in accordance with all applicable laws and regulations, including of the Anti-Money Laundering Act (AMLA) and WU policies.
• Ensures strict compliance of the Company and its employees with all applicable AML/CTF laws and regulations, Know-Your-Customer (KYC) procedures, record keeping of the Proof of Payment (POPs) documents, and reporting of Covered Transactions (CTRs) and Suspicious Transactions (STRs) of Company-owned Locations (COWS) and Business Partners (BPs).
• Conducts and/ or coordinates AMLA and Compliance introductory and refresher training for the Company employees and BPs and their respective branch personnel.
• Coordinates with the BSP, AMLC, other national and local regulatory agencies and WU, in respect of AMLA and Compliance requirements, concerns, and queries of the Company and its BP’s.
• Helps to identify the risks that the Company may face in relation to money-laundering and terrorism financing.
• Coordinates with WU Compliance and responding to alleged fraud and non compliance findings by WU International.
• Reports to Operations and Business Development Departments any significant findings on COWs’ and BPs’ non compliance to KYC, reporting of CTRs and STRs, and others.
• Recommends corrective actions to be undertaken in respect of COW personnel and BP’s and their employees for non-observance of applicable laws, regulations, and policies of among others, the BSP, AMLC, and WU.
• Reviews client applications for Western Union Business Solutions (WUBS) and coordinating with the Company’s employees handling WUBS operations and transactions as well as WUBS International for Compliance concerns, queries, and requirements.
• Assists other departments of the Company in matters relating to Compliance (e.g., filling out documents relating to AML/Counter Terrorism to open bank accounts).

• Graduate of Law, Political Science, Economics, Business Administration or equivalent.
• 1 year prior to work experience with an entity in the same or similar industry as the Company.
• Possesses background or familiarity with laws and regulations on Anti-Money Laundering and Counter- Terrorist Financing
• Possesses familiarity with operational standards and activities, financial quality assurance, and human resource and development processes of the Company.
• Knowledge in BSP Regulation.
• Excellent verbal and written communication skills.
• Capable in doing Research, and analytical skills.
• Possess Leadership skills.
• Computer literate and with passion in data analysis.