About Company
Union Bank of the Philippines, often referred to as UnionBank, is one of the Philippines’ most innovative and digitally forward-thinking banks. As a universal bank, UnionBank offers a wide range of financial products and services, including corporate banking, retail banking, and treasury services. Driven by its vision to be a ‘Great Retail Bank,’ UnionBank leverages cutting-edge technology and a customer-centric approach to empower its clients and contribute to national development. We are committed to fostering a culture of integrity, excellence, and continuous learning, providing our employees with a dynamic and rewarding environment where they can thrive and make a significant impact.
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Job Description
We are seeking a highly motivated and detail-oriented Compliance Officer to join our dynamic team in Pasig City. In this crucial role, you will be instrumental in safeguarding UnionBank’s reputation and ensuring its adherence to an ever-evolving regulatory landscape within the banking sector. The Compliance Officer will be responsible for developing, implementing, and overseeing the bank’s compliance programs, ensuring strict conformity with all applicable laws, regulations, and internal policies, particularly those set forth by the Bangko Sentral ng Pilipinas (BSP), Anti-Money Laundering Council (AMLC), and other relevant financial authorities. This position demands a keen eye for detail, a proactive approach to risk management, and the ability to effectively communicate complex regulatory requirements to various stakeholders across the organization. You will play a vital role in protecting the bank from legal and reputational risks, fostering a culture of compliance, and contributing to the sustained trust our clients place in us. This role offers an exceptional opportunity to advance your career in a forward-thinking financial institution committed to innovation and ethical operations.
Key Responsibilities
- Monitor and assess the bank's compliance with Philippine banking laws, BSP regulations, AML/CFT regulations, Data Privacy Act, and other relevant legal and regulatory requirements.
- Develop, update, and implement compliance policies, procedures, and internal controls to ensure effective risk mitigation.
- Conduct regular compliance risk assessments and identify potential areas of non-compliance, recommending corrective actions.
- Provide expert advice and guidance to business units on compliance matters, new product development, and operational changes.
- Design and deliver comprehensive compliance training programs for employees at all levels.
- Prepare and submit accurate and timely compliance reports to senior management, the Board, and regulatory bodies (e.g., BSP, AMLC).
- Investigate reported compliance breaches or irregularities and ensure appropriate remedial actions are taken.
- Liaise effectively with external auditors, regulatory examiners, and other external stakeholders during compliance reviews and audits.
- Stay abreast of changes in regulatory requirements and industry best practices, proactively adapting internal processes accordingly.
- Assist in the management of regulatory examinations and inquiries.
Required Skills
- Minimum of 3 years of progressive experience in a compliance-related role within the banking or financial services industry.
- Thorough understanding of Philippine banking laws, regulations (e.g., BSP Circulars, AMLA), and regulatory frameworks.
- Strong analytical, problem-solving, and decision-making abilities.
- Excellent written and verbal communication skills, with the ability to articulate complex concepts clearly.
- High level of integrity, ethical conduct, and attention to detail.
- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint) and experience with compliance management software.
- Ability to work independently and collaboratively within a team-oriented environment.
Preferred Qualifications
- Bachelor's degree in Law, Business Administration, Finance, Accounting, or a related field.
- Relevant professional certifications such as Certified Anti-Money Laundering Specialist (CAMS), Certified Regulatory Compliance Manager (CRCM), or similar.
- Experience in dealing with regulatory bodies like Bangko Sentral ng Pilipinas (BSP) or Anti-Money Laundering Council (AMLC).
- Master's degree or Juris Doctor (JD) is a plus.
Perks & Benefits
- Competitive salary and performance-based bonuses.
- Comprehensive health and wellness benefits package (medical, dental, vision).
- Life and accident insurance coverage.
- Generous paid time off (vacation, sick leaves).
- Retirement savings plan and provident fund.
- Professional development and training opportunities.
- Employee stock purchase program.
- Work-life balance initiatives and employee wellness programs.
- Access to state-of-the-art office facilities and technology.
- Opportunities for career growth in a leading digital bank.
How to Apply
Interested and qualified candidates are encouraged to apply by clicking on the application link below. Please ensure your resume and cover letter highlight your relevant experience and qualifications for this role. We thank all applicants for their interest, however, only those selected for an interview will be contacted.
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