Fraud Prevention Officer (AML Unit)

A leading international commercial bank is seeking a Fraud Prevention Officer. The role ensures that the business unit and operational functions comply with applicable banking regulations, internal policies, ethical standards, and regulatory expectations. The role provides compliance advisory, conduct oversight, and monitoring; performs risk assessments; investigates potential breaches, internal and external fraud cases; and supports regulatory and audit engagements.

Responsibilities:

• Oversee the implementation of the Anti-Financial Account Scamming Act (AFASA) and Anti-Bribery and Corruption (ABC) compliance programs across business units.
• Ensure compliance controls align with applicable laws, regulations, and internal policies, providing independent challenge to the control effectiveness of the First Line of Defense.
• Conduct periodic compliance monitoring and testing activities, reviewing adherence to AFASA and ABC requirements across products, channels, and operations.
• Identify compliance gaps, control weaknesses, and policy deviations, escalating significant findings to Compliance Management and Senior Management.
• Perform compliance risk assessments, thematic reviews, and monitor key compliance risk indicators (KRIs) and trends to recommend corrective actions and mitigation measures.
• Provide compliance advisory support to business and operational units, interpreting regulatory requirements and communicating implementation expectations for business initiatives, product launches, and process changes.
• Review, investigate, and assess compliance incidents, breaches, and escalation cases, coordinating investigations relating to AFASA and ABC concerns, and ensuring root cause analysis and remediation plans are completed and tracked.
• Monitor compliance with anti-bribery, anti-corruption, conflict of interest, and gifts & entertainment policies, supporting due diligence reviews for third parties, vendors, and high-risk relationships.
• Prepare relevant periodic compliance reports, dashboards, management updates, and support regulatory submissions, examinations, inquiries, and audit observations.
• Conduct compliance awareness, ABC, and fraud-related training sessions while assisting in developing and updating AFASA and ABC policies, procedures, and standards.

Qualifications:

• Bachelor's degree in Finance, Banking, Risk Management, Business Administration, or a related field; a Law degree is an advantage.
• Certified Fraud Examiner (CFE) is preferred but not required.
• At least 4–7 years of experience in banking compliance, operational risk, audit, fraud investigation, or regulatory compliance.
• Experience in Anti-Financial Account Scamming Act (AFASA), Anti-Money Laundering, fraud risk, ethics and compliance, or Anti-Bribery & Anti-Corruption (ABC) programs is preferred.

Work Setup: Full Onsite

Schedule: Day Shift, Monday to Friday

Location: BGC, Taguig City

By applying, you give consent to collect, store, and/or process personal and/or sensitive information for recruitment and employment, may it be internal to Cobden & Carter International and/or to its clients.