Compliance Officer

SPECIFIC DUTIES AND RESPONSIBILITIES

-Evaluates, summarizes and disseminates applicable issuances of the BSP, SEC and other regulatory agencies.
-Performs gap analysis of applicable laws and regulations and updates the manual being maintained by Compliance Officer.
-Monitors and evaluates transactions with DOSRI and related party to OMLF group.
-Develops, periodically reviews, and updates the company's compliance program whenever there are new regulations or revisions and ensures that such updates are approved by the Audit and Compliance Committee and the Board of Directors
-Disseminates to the concerned units of the Company significant laws and regulations issued by the BSP, SEC, BIR and other related government bodies.
-Consults with the appropriate government regulatory bodies for additional clarifications on specific provisions on laws and regulations.
-Provides guidance to the line units in the compliance with rules and regulations, and coordinates the training requirements for the concerned officers and staff of the company.
-Identifies and monitors areas with compliance risks.
-Monitors implementation of procedural guideline to ensure compliance with rules and regulations
-Coordinates with compliance coordinators of major operating units, centers, branches and subsidiaries,
-Conducts periodic compliance testing with applicable laws and regulatory requirements with testing frequency commensurate identify risk levels.
-Prepares periodic reports to the Audit and Compliance Committee and / or the Board of Directors concerning company's current record of compliance
-Coordinates with BSP examiners during examination and acts as the primary contact person on matters concerning BSP requirements.
-Ensures prompt distribution of copies of the BSP's Report of Examinationto to the Board of Directors.
-When needed, prepares and submits report on Crimes and Losses to the appropriate department of BSP within the prescribed period in compliance with the pertinent regulations.
-In compliance with the Anti-Money Laundering Act, reviews and investigates reported suspicious transactions submitted by any staff, officer or director of OMLFC for evaluation of MANCOM and EXCOM, acts as liaison between OMLFC and AMLC.
-Maintain close coordination with Compliance Officers of Metrobank Group to ensure that compliance function is effectively and uniformly implemented.
-In-charge of monitoring and supervision of unit's daily risk-taking activities.
-Conducts Operational Risk Self-Assessment (ORSA) annually.