Compliance Manager & MLRO

TransferMate through its globally regulated network of payment licenses and technology, provides a unified end-to-end global cross border platform when making or receiving B2B international payments. The group’s combined regulated payments capabilities together with its proprietary payments and receivables infrastructure provide safer and simpler ways for businesses of all sizes to collect or pay globally at top speed and at a lower cost through push button user experience allowing for increased transparency and reconciliation features for businesses.

TransferMate and its subsidiaries provide regulated payment services across all member states of the EU; UK; Switzerland; 51 states and territories of the USA; Canada; Australia; New Zealand; Hong Kong, Singapore; Malaysia; Philippines; and UAE.

The successful candidate will be responsible for overseeing and managing all aspects of Risk & Compliance for TransferMate Philippines including ensuring adherence with applicable AML/CTF & FS obligations, MSB requirements & obligations as imposed by Bangko Sentral Ng Pilipinas (BSP), managing regulatory obligations of our business including regulatory reporting. The candidate will also be responsible for supporting the implementation and ongoing maintenance of the TransferMate risk management framework.

This position reports to the Global Head of Regulatory Compliance and contributes to the collaborative mission and vision by assisting with the day-to-day management and integration of an effective compliance program.

As Compliance Manager & MLRO for the Philippines, you will be responsible for:

• Driving the strategy, framework and execution of our Compliance program in the Philippines to ensure applicable regulatory requirements and our company’s risk requirements are being met comprehensively.
• Working closely with Regional Compliance Business teams, broader Compliance, Legal, Product, Operations and other cross-functional teams to understand the overall business environment and be a point of contact for the day-to-day implementation and execution of Risk & Compliance policies related to the Philippines.
• Interfacing with internal and external stakeholders, including partners and clients, in explaining our Compliance and Risk Management program.
• Performing the role of Money Laundering Reporting Officer (MLRO) in the Philippines
• Acting as a focal point for employees/stakeholders to escalate suspicions of terrorist financing or money laundering activities.
• Identifying, assessing, and implementing all relevant new legal and regulatory developments within the compliance framework.
• Leading internal and external audits of compliance and regulatory processes and procedures, respond to the results of the audits and assessments, remediate issues identified from the findings, and develop corrective action plans to implement.
• Liaising with BSP and other regulatory authorities as required, including ensuring all regulatory conditions of our licence are maintained and satisfied
• Ensuring all periodic regulatory reporting and ad-hoc regulatory submissions are submitted on time.
• Supporting the wider enterprise risk function in overseeing the outsourcing and supplier / vendor management framework, for TransferMate in accordance with best practices and global and local regulations
• Supporting the TransferMate Group Chief Risk Officer in the maintenance of the Firm’s risk management framework and supporting governance forums including preparing and presenting regular reports to senior management on risk exposures, mitigation efforts, and overall risk landscape.
• Developing and maintaining risk management policies and procedures in compliance with industry regulations and internal standards and providing guidance to business units on adherence to those policies and procedures
• Providing oversight of the incident management process, ensuring timely and effective communication with relevant stakeholders, collaborating with internal and external teams to deliver an appropriate incident response and ensuring remediation actions are implemented.

Requirements

• Experience in a similar compliance or risk role within a global organization, preferably in a B2B payments firm or corporate banking environment
• Proven experience in operational risk management within the financial services industry
• In-depth knowledge of operational risk management principles, regulatory requirements, and industry best practices
• Experience in dealing/liaising with regulatory authorities
• Ability to understand/interpret new and existing regulatory requirements;
• Strong time management and organizational skills
• Excellent verbal and written communication skills
• Experience and comfortable in establishing relationships with different departments and stakeholders
• Attention to detail

Benefits

TransferMate Global Payments is one of the world's fastest-growing FinTech companies, and is transforming the way businesses pay and get paid across international borders. In our organisation you will join enthusiastic and energetic colleagues who are ambitious, helpful and welcoming. You will also join a collection of award-winning companies which take career progression and corporate responsibility extremely seriously, all within a positive and friendly workplace culture.

This job description is intended as a summary of the primary responsibilities for this position. It is not an exhaustive list of all duties an individual in this position might be asked to perform or that may be required either now or in the future.