Chief Compliance Officer

The SLIMTC (Sun Life Investment Management & Trust Corp) Compliance Officer is responsible for the overall leadership of the compliance function of Sun Life Investment Management and Trust Corporation (SLIMTC). The CCO shall ensure that effective and high-quality compliance programs exist to oversee and challenge the business, delivering high-quality outcomes to meet BSP requirements and ensure that issues are identified and addressed in a timely manner. The role-holder must be comfortable and effective in working at Board level and providing expert advice to senior executives. The role-holder must be adept at operating within a matrixed environment.

Job Responsibilities:

• Lead the Compliance Team for SLIMTC and provide expert advice, challenge and support to the business. Report to the Board and provide independent assurance to it. Operate effectively within the matrix structure of Sun Life’s investment and asset management pillar within Asia working with colleagues across the Region as Sun Life builds out its Business Group investment management capabilities.
• Additionally, the role holder will own accountability for SLIMTC as the MLRO, Fraud Officer and Privacy Officer.
• Provide relevant, correct and prompt advice on products, services, business and Compliance initiatives to ensure compliance with regulatory requirements and Sun Life’s Compliance Risk Management Framework, including those on trust operations, consumer protection and market conduct, anti-money laundering and anti-terrorist financing, anti-bribery and corruption and privacy, collaborating with other Compliance employees in Philippine BU Compliance, as necessary.
• Oversee implementation of regulatory requirements and expectations and provide support where required. This includes maintaining good working relationships with primary regulators and requesting guidance and/or clarification on trust laws and regulations, as may be necessary to ensure proper implementation of regulations.
• In particular ensure that the proposed retail distribution of the UITF meets regulatory requirements.
• Lead and manage regulatory inspections conducted by the BSP and the SEC.
• Ensure Compliance monitoring and testing activities are appropriately prioritized and executed.
• Ensure SLIMTC employees are appropriately trained of their regulatory obligations and are aware of regulatory compliance requirements under local regulations and the Compliance Risk Management Framework.
• Prepare compliance reports for the Board of Directors, local and regional management; and ensures timely and accurate responses to internal and external queries.

Job Requirements:

• University Degree. A CPA certification or LLB degree is preferred.
• Other professional designations such as Certified Trust Professional (completed the Trust Operations and Investment Management (TOAP) course), Certified Trust Officer (completed the Investments, Trusts and Estate Management (ITEMS) course), CAMS, CCO, UITF certification, Equivalent experience in the role with other financial institutions may also be considered.
• 7 years of experience of Compliance management within the asset management and trust sectors is essential. Experience in risk management of financial institutions, including asset management, banking is helpful.

Abilities:

• Leadership skill within a highly regulated entity and within a matrixed structure.
• Brings expert knowledge of existing and new regulatory developments relating to SLIMTC.
• Leverages this regulatory expertise to ensure the operating procedures and systems, products and practices of SLIMTC deliver compliant outcomes.
• Ensures personal expertise of regulatory and market conduct trends remains current to ensure compliance programs remain robust and fully meet regulatory and Board expectations.
• Expert level of communication skills covering written analysis, board reporting and delivering presentations.
• Expert level of consulting skills, advising the business in solving regulatory problems
• Good relationship with regulators.

Knowledge:

• In-depth level of knowledge of relevant laws, rules and regulations on banking, asset management and trust products and services.
• Expert level of knowledge of regulatory compliance requirements and standards
• In-depth level of knowledge of various financial services products, such as banking, trust, insurance, pre-need and mutual funds principles and terminology.

Problem Solving:

• The position requires that the candidate is able to understand, analyze and advise complex problems relating to compliance and regulations. Must be able to apply that regulatory knowledge to support compliant and efficient policies, processes and business outcomes.
• Candidate should be able to also handle issues on people management as he/she will be indirectly managing staff from various functions and levels vis-à-vis regulatory compliance issues and requirements.

Communication:

• Candidate must be able to represent the company in industry organization committees/boards, regulators and other banking, trust insurance and asset management companies;
• The successful candidate will communicate professionally and accurately with a range of senior stakeholders including Board members, senior executives across Sun Life in the Philippines, the Regional teams and the Corporate Office.