Build the payment infrastructure powering global commerce.
Boku connects billions of consumers to the payment methods they prefer, one market at a time. Our platform connects the world’s leading digital businesses to the local payment methods their customers already use. Spotify, Meta, Microsoft, Netflix and Tencent already run on Boku’s payment infrastructure. We operate across 60+ countries, support 200+ local payment methods and reach 7.5 billion consumer accounts.
With headquarters in London and San Francisco and colleagues working across markets around the world, Boku is global by default. From London to Mumbai, São Paulo to Singapore, our teams collaborate across time zones, markets and cultures to build products for customers around the world.
Join us to solve complex, real-time payment challenges at global scale. We share knowledge freely, take ownership of complexity and look for people who question how things are done and find better ways to build.
Role Purpose
As a Compliance Officer in Philippines, you will play a critical role in ensuring Boku is operating in accordance with the applicable local and regulatory requirements. Reporting directly to the Global Head of Compliance, you will be responsible for ensuring the local compliance and risk frameworks are in line with Bangko Sentral ng Pilipinas (BSP) requirements and expectations and work closely with the global risk and compliance teams to develop, maintain and implement the relevant local policies and procedures
Key Responsibilities
- Develop, maintain and implement the Compliance Program and the compliance monitoring and testing plan in line with BSP regulations (including the Manual of Regulations on Payment Systems and relevant circulars).
- Identify, assess and monitor compliance risk, and maintain the company compliance risk register.
- Create, review and oversee implementation of the Money Laundering and Terrorist Financing Prevention Program (MTPP) in line with the Anti-Money Laundering Act (RA 9160, as amended), its IRR and BSP AML rules.
- Maintain the institutional / business-wide risk assessment and the partner risk rating methodology.
- Oversee customer and partner due diligence, ongoing monitoring and transaction monitoring.
- Ensure timely and accurate reporting of Covered and Suspicious Transactions to the Anti-Money Laundering Council (AMLC), and maintain the confidentiality of those reports.
- Ensure record-keeping meets AMLA retention requirements.
- Act as the primary contact with BSP and AMLC; coordinate regulatory submissions, examinations and inspections, and ensure responses to regulators are accurate and complete.
- Report to the Board on the status of compliance and AML/CTF, key risks, breaches and remediation.
- Monitor regulatory changes in the Philippines, assess their impact, and ensure policies and processes are updated.
- Review compliance aspects of outsourcing and intragroup arrangements, and of new products, channels and partners before launch or onboarding.
- Track audit, examination and internal findings through to closure.
- Coordinate the independent AML audit and act on its results.
- Provide AML/CTF and compliance training at least annually to directors, officers and relevant staff, including group or outsourced personnel supporting the entity.
- Other duties assigned at the Board’s discretion, provided they do not compromise the independence of the role.
Measures of Success
- Ensure that all required Bangko Sentral ng Pilipinas (BSP) required policies are translated, adapted and implemented for the local operations
- Implement all KYC, CDD, and EDD processes to comply with local regulations
- Design local risk framework based on Bangko Sentral ng Pilipinas (BSP)requirements and expectations
- 80% positive feedback from internal stakeholders
Key Skills, experience and Competencies
- At least 5 years’ experience in compliance or AML within the financial services industry preferably in a BSP-supervised institution, payments, e-wallets or digital payments.
- Strong working knowledge of BSP regulations applicable to OPS, the NPSA, the AMLA and its IRR, AMLC reporting, and the Data Privacy Act (RA 10173).
- Experience in risk assessment, compliance monitoring and testing, and managing regulatory examinations.
- Previous experience in a technology-led, cross-border group with outsourced or shared-service models.
- Strong judgement and integrity; able to hold a position independently.
- Able to translate regulatory requirements into workable business processes.
- Strong analytical, written and stakeholder management skills.
- Excellent communication, analytical, and problem-solving skills.
- Ability to work independently and collaboratively with regional and Group teams.
- Adaptable, proactive, hands-on and capable of managing multiple shifting priorities
Qualifications
- Meets BSP fit and proper criteria and maintains required AML training hours.
- Bachelor's degree in Law, Finance, Business Administration, or a related field.
- Relevant AML or Compliance (g. CAMS, ICA) qualifications desirable, not essential