Money Laundering Reporting Officer, Philippines

We are seeking a highly qualified Money Laundering Reporting Officer (MLRO) to drive, oversee, and maintain the implementation of our Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) compliance program that is compliant with the requirements set forth by the Bangko Sentral ng Pilipinas (BSP) for licensed Electronic Money Issuers and the Securities and Exchange Commission (SEC) for licensed Lending Companies. The primary focus of this role will be on regulated business activities on consumer finance services including digital e-wallets and personal loans.

The MLRO will ensure compliance with local regulations and the maintenance of necessary licenses for an effective AML compliance program, which is designed to identify and mitigate money laundering and regulatory risks. This position will be based in our Philippines office and will report to the Head of AML of AIDC Group.

Primary Responsibilities:

• Lead regulatory engagements and ensuring AML compliance with mandatory reporting requirements to relevant regulators, as well as internal and external stakeholders;
• Assess and advise on the establishment and maintenance of adequate systems, processes and controls to identify risks associated to customers, countries, business relationships and activities, including:

• Establish the AML compliance framework
• Develop AML/CFT Policies and Procedures
• Develop and conduct relevant risk assessments
• Review EDD, transaction monitoring alerts, and screening alert escalated
• Review and file any Suspicious Transaction Reports (STR)
• Present any updates or key findings to the Senior Management

• Provide guidance on AML matters related to e-wallet and lending business, and assists in the development and implementation of new products, features, and businesses lines. For example; assessing AML/CFT risks when business decisions are made and demonstrating consideration to safeguard the firm's reputation;
• Develop and implement AML/CFT program in line with local regulatory expectations and requirements;
• Localize and implement Group-wide AML programs and provide training for internal stakeholders;
• Conduct regular reviews of AML programs to identify gaps, propose improvements,
• and ensure adherence to regulatory requirements and Group standards;
• Being the in-country champion in driving AML compliance culture, and provide training on AML/CFT compliance to the organization.

Job Requirements:

• A minimum of 8 years of relevant AML experience with regulated financial institutions, preferably in a consumer finance provider, or licensed e-money/ wallet operator in Philippines;
• Experience in credit risk and lending are preferable
• Thorough understanding of Philippines’s AML/CFT laws, regulations and reporting requirements;
• Ability to build an effective AML program and to articulate key AML concepts clearly to relevant stakeholders;
• Ability to work independently and effectively manage multiple priorities in a fast-paced environment;
• Critical thinking with problem solving and positive attitude;
• Relevant AML or related certification from an accredited organization (such as ACAMS or ICA) will be a plus;
• Attention to detail and strong analytical skills, with the capability to identify and assess potential risks;
• Experience in working with Group stakeholders and colleagues;
• Good written and verbal communication skills in English, with the ability to interact effectively with individuals at all levels within the organization.

Please refer to job description.