Compliance Specialist

Responsible for monitoring transactions of the Branches and Sub-agents, and ensuring that appropriate steps are taken to rectify these issues, as a competitive advantage.

In addition to this, the position will aim and harbor the opportunity to further develop the locations operating processes and compliance methodologies through conduct of trainings and field examinations, as support to Business Development.

Responsibilities:

1. Training

• Performs basic AML and WU compliance trainings to Branch and Sub-agent Tellers

2. Transaction Monitoring

• Flags trends and patterns noted for possible Compliance findings for review of Team Leader prior to discussion with Business Development Head (for sub-agents) and Line Leaders (for Branches)
• Consolidates all Compliance findings prior to filing of interdictions or sanctions to a cited location
• Asks for Proof of Payments in order to verify if noted trends and patterns could be validated through documentation
• Updates the Compliance Transaction Monitoring Program Guide to include additional and applicable trends and patterns
• Prepares drafts of reports and submits within standard turnaround time (TAT) for review of Team Leader
• Follows through with the Business Units the effectiveness of implementation of the Audit recommendations or the failures of implementation

3. Field Compliance

• Conducts Compliance fieldwork depending on the Compliance Risk level of a given location
• Performs Compliance fieldwork based on the Field Compliance Guide and other procedures deemed necessary
• Reviews if the location operates transactions in accordance with the WU’s existing policies and procedures and BSP regulations
• Evaluates location practices, which may expose the location or the Company to risk
• Follows up on previously reported findings noted during Compliance fieldwork
• Requests for Compliance Head approval for any changes in the Scope and Objectives of the Compliance Fieldwork
• Performs a review of the adequacy of internal controls to arrive at a basis for the Compliance Fieldwork Opinion
• Signs, files and indexes Compliance Fieldwork working papers accordingly (For Compliance Specialist – Team Members)
• Signs, files and indexes and review Compliance Fieldwork working papers accordingly (For Compliance Specialist – Team Leaders)

4. Regulatory Issuances

• Be knowledgeable on new regulations issued by regulators covering eBiz and cascade to concerned Departments or locations

5. Others

• Ensures the security and proper maintenance of Company equipment and other resources assigned to area of responsibility.
• Performs special audit, cases investigation or consulting service to the Units from time to time
• Witnesses opening of Sealed Bids
• Adherence to the Internal Audit Departments policies, and those of the Company’s
• Other duties that may be assigned from time to time

Qualifications:

• Bachelor’s degree in Business or equivalent, preferably with background in Compliance, Audit, Fraud or Risk Management
• With at least 1 year of relevant work experience from a financial institution or Branch Operations or Compliance, Audit, Fraud or Risk Management
• Good attention to detail and willing to work beyond office hours or during weekends and holidays
• Willing to be assigned on field and out of town assignments

About Us:

Vantage Financial Corporation (operating under the name e-Biz) is the Group's international money transfer service provider with additional offerings in its money change, bills payment, and airline ticketing services. Starting from just 3 service centers in 1999, e-Biz today operates in over 150+ locations across the country with an additional sub-agent network that complements its reach to over 1000+ locations nationwide.