Compliance Manager & MLRO

TransferMate– a subsidiary of CluneTech – was established in 2010 when we began working with regulators around the world to secure licenses to operate as a global payment’s provider. With a global payments network covering 200+ countries and territories, TransferMate have established partnerships with some of the largest banks, fintechs and software providers in the world. The combination of our regulated network, award winning technology and strategic partnerships culminated in 2022 when the business achieved Unicorn status.

Our team is dedicated to delivering the best possible experience for our partners and their customers. We know that a happy team is one that performs at the highest level and our #OneTeam ethos encourages mutual support, respect, recognition, and rewards. In Ireland, we have been recognised as a Great Place to Work for 9 consecutive years, with 35 offices worldwide, we do business across 100+ countries on a daily basis.         

Due to continued expansion, we have created a new position for PHP Developers to join our remote team in Philippines.

The successful candidate will be responsible for overseeing and managing all aspects of Risk & Compliance for Philippines including ensuring adherence with applicable AML/CTF & FS obligations, MSB requirements & obligations as imposed by Bangko Sentral Ng Pilipinas (BSP), managing regulatory obligations of our business including regulatory reporting. The candidate will also be responsible for supporting the implementation and ongoing maintenance of the TransferMate risk management framework.

This position reports to the Global Head of Regulatory Compliance and contributes to the collaborative mission and vision by assisting with the day-to-day management and integration of an effective compliance program.

As Compliance Manager & MLRO for the Philippines, you will be responsible for:

• Driving the strategy, framework and execution of our Compliance program in the Philippines to ensure applicable regulatory requirements and our company’s risk requirements are being met comprehensively.
• Working closely with Regional Compliance Business teams, broader Compliance, Legal, Product, Operations and other cross-functional teams to understand the overall business environment and be a point of contact for the day-to-day implementation and execution of Risk & Compliance policies related to the Philippines.
• Interfacing with internal and external stakeholders, including partners and clients, in explaining our Compliance and Risk Management program.
• Performing the role of Money Laundering Reporting Officer (MLRO) in the Philippines
• Acting as a focal point for employees/stakeholders to escalate suspicions of terrorist financing or money laundering activities.
• Identifying, assessing, and implementing all relevant new legal and regulatory developments within the compliance framework.
• Leading internal and external audits of compliance and regulatory processes and procedures, respond to the results of the audits and assessments, remediate issues identified from the findings, and develop corrective action plans to implement.
• Liaising with BSP and other regulatory authorities as required, including ensuring all regulatory conditions of our licence are maintained and satisfied
• Ensuring all periodic regulatory reporting and ad-hoc regulatory submissions are submitted on time.
• Supporting the wider enterprise risk function in overseeing the outsourcing and supplier / vendor management framework, for TransferMate in accordance with best practices and global and local regulations
• Supporting the TransferMate Group Chief Risk Officer in the maintenance of the Firm’s risk management framework and supporting governance forums including preparing and presenting regular reports to senior management on risk exposures, mitigation efforts, and overall risk landscape.
• Developing and maintaining risk management policies and procedures in compliance with industry regulations and internal standards and providing guidance to business units on adherence to those policies and procedures
• Providing oversight of the incident management process, ensuring timely and effective communication with relevant stakeholders, collaborating with internal and external teams to deliver an appropriate incident response and ensuring remediation actions are implemented.

• Experience in a similar compliance or risk role within a global organization, preferably in a B2B payments firm or corporate banking environment
• Proven experience in operational risk management within the financial services industry
• In-depth knowledge of operational risk management principles, regulatory requirements, and industry best practices
• Experience in dealing/liaising with regulatory authorities
• Ability to understand/interpret new and existing regulatory requirements;
• Strong time management and organizational skills
• Excellent verbal and written communication skills
• Experience and comfortable in establishing relationships with different departments and stakeholders
• Attention to detail

• Competitive annual leave and additional days per length of service
• Hybrid working and flexible working hours
• Maternity and paternity leave
• Compassionate leave

TransferMate is an Equal Opportunity Employer and is committed to the principle of equal employment opportunity for all employees. We are committed to building and maintaining a culture which is free from discrimination and harassment and where all employees can bring their best selves to work.