Regulatory Compliance Specialist

Overview:

The role aims to create, improve, monitor, and assist in the implementation of the Compliance Program and manage the regulatory requirements in relation to the Digital Bank, other bank-related licenses, and other compliance-related functions of Maya Bank.

What you will do:

• Identification, assessment, and cascade of relevant regulations (including policy draft exposure) and their requirements
• Participate in conducting compliance risk assessments and/or facilitation of license or request for regulatory approval/notification requirements of new products, services, and processes to ensure conformity with regulations and accepted standards.
• Recommends adequate and mitigating controls to provide early detection and prevention of potential compliance issues
• Coordinates with internal and external examiners for audit deliverables
• Conducts independent risk-based assessment through Compliance Testing
• Monitoring, reporting, and/or escalation of significant internal (Internal Audit) and external findings (regulators) to include evaluation of actions taken by different teams to resolve regulatory or internal findings
• Monitoring and/or submission of regulatory reports and other ad hoc surveys
• Directly work with the business management to develop, communicate and implement strategies, procedures, and technology systems to enhance Maya Bank’s compliance with applicable rules and regulations
• Maintaining a good working relationship with the regulators and internal/external stakeholders

What we are looking for:

• At least 4 years’ experience in doing regulatory compliance in a FinTech/Bank or similar financial services company
• Has extensive knowledge in banking operations, particularly in:
• credit/lending operations
• banking laws, rules and regulations
• Anti-Money Laundering Act (AMLA) and its Implementing Rules and Regulations
• Local and national tax laws
• Accounting standards, particularly those that govern the financial accounts of the Company
• SEC regulations
• Data Privacy Act
• Basic corporate governance principles
• Risk management frameworks on credit, market and operations (including IT risk governance)