Compliance Business Partner - Philippines
WTW · Taguig
The Role
The Compliance Business Partner – Philippines is expected to proactively support the Company to generate sustainable value, helping the Company to deliver good client outcomes, manage its conduct, protect against regulatory risk, and to maintain strong business and regulatory relationships. Reporting to the Compliance Director, Southeast Asia within a team of skilled compliance colleagues, the Compliance Business Partner – Philippines will champion compliance at all levels of the Business, partnering with, supporting, and providing pragmatic risk-based advice and counsel to relevant stakeholders, while ensuring effective challenge and oversight.
Responsibilities:
Act as a professional and trusted adviser to the Business and ensure quality and proactive engagement at all levels by e.g. attending relevant meetings and supporting the Business in meeting its regulatory obligations.
Partner with Business management in fostering a collaborative approach to embed a robust ‘compliance culture’ and to support WTW’s Three Lines of Defence model.
Act as the registered Compliance Officer, Money Laundering Reporting Officer, Data Protection Officer, and primary point of contact with relevant supervisory authorities including the Insurance Commission, Anti-Money Laundering Council and the National Privacy Commission.
Ensure timely and accurate regulatory reporting; respond to regulatory requests and enquiries; report issues and breaches where required.
Maintain an efficient and independent Compliance Function and framework, apply suitable policies and procedures and develop appropriate controls.
Carry out monitoring activities to test and provide assurance that the policies and procedures are appropriate, effective, and are being followed in practice.
Own, maintain and deliver an annual compliance plan for the Company.
Monitor regulatory developments through horizon scanning, assess impact and report compliance risks and issues.
Collate and deliver accurate and appropriate compliance metrics and information to appropriate stakeholders, including Business management, and Group and Regional colleagues across WTW Compliance.
Provide oversight and challenge the design and structuring of specific transactions, new products, services, operational procedures, change and initiatives.
Ensure timely remediation and closure of compliance actions arising from investigations, regulatory examinations, internal and/or external audits, and reporting where required.
Design and deliver compliance training to raise awareness of required business conduct and ethical standards across the Company.
Provide compliance advisory and support to Manila Global Delivery Operations where required.
Support ad-hoc strategic or operational projects as required, to be managed within quality standards and defined timelines.