Regulatory Affairs Officer

The role

The Regulatory Affairs Officer supports the Compliance function by monitoring the Bank's regulatory environment. You will track regulatory issuances, assess their impact on products and operations, and assist with regulatory submissions and regulator engagement.

What you will do

• Monitor BSP circulars, AMLC advisories and other relevant issuances
• Assess whether new issuances apply to the Bank's products, services and operations
• Escalate significant developments to the Head of Regulatory Affairs
• Assist with regulatory submissions, license amendment applications and other filings
• Prepare responses to supervisory inquiries and examinations
• Keep organized records of submissions to and correspondence from regulators
• Maintain the regulatory obligations register and track compliance deadlines
• Coordinate with business units on implementing new regulatory requirements
• Monitor the Bank's committed BSP action plans and review remediation evidence
• Review customer-facing materials and disclosures for regulatory compliance

Required qualifications

• Bachelor's degree in Law, Business Administration, Finance, Accountancy or a related field
• 2-3 years of experience in regulatory affairs, compliance, legal or a related banking control function
• Working knowledge of the MORB, AMLC issuances and other BSP issuances for digital banking, or the ability to be trained in them
• Strong drafting and written communication skills
• Strong coordination and follow-through skills
• Sound analytical skills, including the ability to assess the business impact of proposed regulations
• Ability to meet the Bank's fit and proper standards for Officer-rank positions, including pre-employment screening

Nice to have

• experience in a BSP-supervised institution, especially digital banking

About the company

Salmon Bank (Rural Bank) Inc. is the banking arm of Salmon Group Ltd. and is a technology-driven challenger bank in the Philippines operating under a BSP license.