Regulatory Compliance Lead, ShopeePay
ShopeeWhat you'll do
The Regulatory Compliance Lead shall provide strategic leadership over the organization’s regulatory compliance governance framework and shall report directly to the Chief Compliance Officer (CCO).
Key Responsibilities:
• Lead and oversee regulatory compliance governance across the organization, ensuring alignment with applicable laws, rules, and regulations, including but not limited to the BSP’s Manual of Regulations for Non-Bank Financial Institutions (MORNBFI) and Manual of Regulations for Payment Systems (MORPS).
• Monitor regulatory developments and ensure timely cascading, interpretation, and implementation of new and amended regulatory requirements across the organization.
• Ensure timely, accurate, and satisfactory compliance with regulatory expectations by providing advisory support and recommendations to internal stakeholders.
• Oversee the prompt submission of regulatory reports, responses to regulatory findings and inquiries, and fulfillment of licensing and supervisory requirements.
• Monitor the resolution of regulatory issues and ensure the adequacy and effectiveness of internal controls in meeting regulatory requirements.
• Work closely with the CCO as the liaison with the Bangko Sentral ng Pilipinas (BSP) and its relevant departments on regulatory, supervisory, and licensing matters.
• Manage the regular review, updating, and effective implementation of the organization’s Compliance Manual.
• Work closely with the CCO to ensure that the Compliance Risk Management Framework remains current, robust, and aligned with the organization’s products, services, and risk profile.
• Prepare and present regular regulatory compliance updates, key issues, and emerging risks to Senior Management and the Board of Directors.
• Act as the lead owner and custodian of the Compliance Regulatory Inventory Matrix, ensuring completeness of applicable regulations, associated risk assessments, and corresponding mitigating controls.
• Serve as the Compliance point person for business initiatives, business cases, and matters raised by the First Line of Defense requiring regulatory compliance review and assessment.
• Coordinate closely with the Compliance Testing team to ensure regulatory requirements are appropriately incorporated into compliance testing plans and activities.
• Perform other compliance-related duties as may be assigned by the Chief Compliance Officer.
Requirements
- Bachelor's Degree in Law, Finance, Business Management, or related field
- Extensive experience as a Compliance Officer in Banking and Financial or Lending companies
- At least 3-5 years of proven experience in a Compliance Officer role and managing a team
- Good knowledge of legal requirements and procedures
- Highly analytical with strong attention to detail
- Good level of English, both spoken and written
- Team spirit (being able to cooperate with colleagues, including those from other departments)