Description

Compliance Supervisor is responsible in the development and implementation of the Compliance Program in the following compliance activities:

  • Regulatory Compliance
  • Sales Compliance
  • Compliance trainings
  • Compliance Review and Testing
  • Corporate Governance
  • FATCA
  • Compliance Assessments
  • Compliance policies, standards, and functional rules/guidelines

Key Result Areas (KRA)

  1. Management and implementation of the Regulatory Compliance Program.
  2. Conduct Investigation on cases involving intermediary violations against Market Conduct Guidelines and Code of the Sales and Business Conduct.
  3.  Conduct Compliance Trainings: (1) Code of Sales and Business Conduct to Agents and Financial Advisors (during on boarding for new agents/ refresher existing agents ), (2) Code of Conduct and other Compliance Policies during on boarding for new hirees/refresher to existing employees in accordance with the training plan.Conduct Compliance Trainings: 1. Code of Sales and Business Conduct to Agents and Financial Advisors (during on boarding for new agents/ refresher existing agents), 2. Code of Conduct and other Compliance Policies during on boarding for new hires/refresher to existing employees in accordance with the training plan.
  4.  Conduct Compliance Trainings: (1) Code of Sales and Business Conduct to Agents and Financial Advisors (during on boarding for new agents/ refresher existing agents ), (2) Code of Conduct and other Compliance Policies during on boarding for new hirees/refresher to existing employees in accordance with the training plan.Develop Compliance Testing Programs and Conduct Compliance Review and Testing as indicated in the testing plan.
  5.  Conduct Compliance Trainings: (1) Code of Sales and Business Conduct to Agents and Financial Advisors (during on boarding for new agents/ refresher existing agents ), (2) Code of Conduct and other Compliance Policies during on boarding for new hirees/refresher to existing employees in accordance with the training plan.Perform Annual review and update of the Corporate Governance Scorecard.
  6.  Conduct Compliance Trainings: (1) Code of Sales and Business Conduct to Agents and Financial Advisors (during on boarding for new agents/ refresher existing agents ), (2) Code of Conduct and other Compliance Policies during on boarding for new hirees/refresher to existing employees in accordance with the training plan.Manage the regulatory requirements of the Foreign Account Tax Compliance Act (FATCA).
  7.  Conduct Compliance Trainings: (1) Code of Sales and Business Conduct to Agents and Financial Advisors (during on boarding for new agents/ refresher existing agents ), (2) Code of Conduct and other Compliance Policies during on boarding for new hirees/refresher to existing employees in accordance with the training plan.Conduct Compliance Risk Assessments.
  8.  Conduct Compliance Trainings: (1) Code of Sales and Business Conduct to Agents and Financial Advisors (during on boarding for new agents/ refresher existing agents ), (2) Code of Conduct and other Compliance Policies during on boarding for new hirees/refresher to existing employees in accordance with the training plan.Establish, review, and update compliance policies, standards, and guidelines/functional rules.

Duties and Responsibilities

  • Monitor and evaluate local laws and applicable global regulations (IC/AMLC/SEC/BIR/DTI) regulations and proper dissemination to concern units thru the issuance of Compliance Bulletin.
  • Assist the Compliance Head to liaise with auditors and regulatory bodies regarding queries, submission of requirements, and effective coordination of examinations and reviews.
  • Coordinate with the different concern units in the assessment of compliance requirements for new products, processes, and plans to launch new businesses/structures/channels of distribution.
  • Manage and ensure timely reporting of reportorial requirements to concern regulators (IC/SEC), PNB, and to Regional/Group Compliance.
  • Conduct Investigation on cases involving intermediary violations against Market Conduct Guidelines and Code of the Sales and Business Conduct.
  • Document and prepare the report on the results of the investigation.
  • Monitor the implementation and closure of the recommended action plans.
  • Conduct Compliance trainings to all employees and sales personnel on the Code of Conduct, Code of Sales and Business Conduct and other compliance policies- on boarding and refresher training.
  • Evaluate and assess the results of the compliance testing.
  • Prepare the report indicating the results of the testing and monitor implementation of remedial/corrective actions
  • Review and update annually the Corporate Governance Scorecard.
  • Monitoring and coordinate the trainings needs and requirements of the Board and Senior Management, and Compliance Personnel relating to Corporate Governance and other applicable regulatory trainings.
  • Review of Related Party Transactions (RPT).
  • Manage the requirements of the Foreign Account Tax Compliance Act (FATCA).
  • Evaluate and assess the results of the completed risk assessments.
  • Prepare the report incorporating the results of the risk assessment conducted and monitor implementation of remedial/corrective actions.
  • Establish, review, and update compliance policies, standard, and guidelines to align with local and regional requirements and ensure proper dissemination to all concern units/departments.
  • Conduct orientation/awareness training of the pertinent Compliance policies, standards employees and sales personnel.

Technical and Job-specific Requirements

  • At least 3 years experience in a Compliance Function in Insurance Company or in a Financial Institution.
  • Thorough knowledge of insurance and other laws and regulations in the Philippines and the ability to apply them to actual situations. 
  • Good Interpersonal and communication skills.
  • Strong analytical and innovative and/or audit skills.
  • Good judgment enabling the provision of sound advice in areas of regulations and practice.
  • An inquisitive approach to practices, procedures, and specific transactions.
  • Independence and robustness.
  • Personal authority, integrity, and ethics.
  • Resourceful and independent.
Interested? Send us an email at HRTalentAcquisition@allianzpnblife.ph