Head of Compliance and Controls

Senior Manager - Head, Compliance and Controls

Location: Philippines (Local Language speaking skills)

Background

A large fintech company based in the Philippines that spun off from a Series C funded B2B e-commerce company, now stands alone as one of the largest fintech companies in SE Asia in the B2B inventory financing, cash flow based financing, and payments space.

The company runs multiple products to service the SMEs (both micro and small enterprises), their distributors, and the FMCG suppliers. These products include inventory financing, distributor financing, wholesale financing, payments, QRPH, cash management to name a few. We are also building new verticals in remittances, insurance, and bank partnerships.

The company has 2 entities:

• One with license with SEC, runs as a non-banking financing company and houses our lending business.
• One under BSP, runs our wallets, insurance, and other financial services products. It is applying for an EMI license.
  
  

The Role

The company is seeking a Senior Manager, Compliance and Controls, to lead the overall financial services business compliance and control function. The role reports to the CEO and will be responsible to:

• Develop, implement, and maintain compliance policies and procedures to mitigate risks associated with lending and payment operations.
• Conduct regular audits and risk assessments to identify potential compliance issues and areas for improvement across all financial services products.
• Collaborate with various departments to ensure company-wide compliance with applicable laws and regulations.
• Provide guidance and training to employees on compliance matters and regulatory changes.
• Monitor and analyze regulatory developments in the lending and payments industry to ensure the company stays up-to-date with requirements.
• Investigate and report any violations of laws or regulations to management and regulatory bodies.
• Coordinate with external auditors and regulators as needed.
• Develop and maintain effective internal controls to safeguard company assets and ensure data integrity.
• Prepare compliance reports for senior management and the board of directors.
  
  

The Experience

• Bachelor's degree in accounting/audit, law, business administration, or a related field
• Min 7+ years of experience in compliance and risk management, preferably in the lending or financial services industry
• Strong knowledge of lending and payments regulations (general financial services regulations), anti-money laundering (AML) laws, and consumer protection requirements
• Excellent analytical and problem-solving skills
• Strong communication and interpersonal abilities
• Attention to detail and ability to manage multiple priorities
• Proficiency in compliance management software and data analysis tools
• Ability to talk to regulators and prepare regulatory documents/audits.
  
  

Additional Skills

• Professional certifications such as Certified Compliance and Ethics Professional (CCEP) or Certified Regulatory Compliance Manager (CRCM)
• Experience in conducting internal audits and developing remediation plans
• Knowledge of emerging technologies and their impact on compliance in the lending industry.