Deputy Chief Compliance Officer Job Carol City area,Florida USA,Finance & Banking

About the job Deputy Chief Compliance Officer

Job Summary:

The Deputy Chief Compliance Officer (DCCO) supports the Chief Compliance Officer in the effective design, implementation, administration and continuous enhancement of the Bank's Compliance Management System (CMS). The role ensures that regulatory requirements, internal policies and ethical standards - particularly those related to banking regulations, AML, data privacy, and governance - are consistently implemented across all departments.

The DCCO acts as the CCO's principal deputy in overseeing day to day compliance operations, monitoring compliance risks, coordinating regulatory reporting and embedding compliance requirements into business processes, while maintaining efficiency and customer centric service delivery.

Management and Governance Support

Assist the CCO in preparing compliance reports for submission to the Board of Directors through the Audit and Risk Committee (ARC), including results of compliance testing, AML related reports and regulatory issuances.
Act as an alternate representative of the Compliance Department in management meetings, committees and internal governance forums as delegated by the CCO.
Support the CCO in promoting a strong culture of compliance and ethical behavior throughout the organization.

Compliance Operations

Oversee and coordinate the implementation and administration of the Bank's Compliance Management System.
Assist in identifying, monitoring, assessing, and controlling compliance risks across business units.
Evaluate compliance with applicable laws, regulations, BSP/PDIC/AMLC issuances and internal bank policies and practices.
Coordinate with regulatory agencies for clarification of regulatory provisions and compliance related matters, under the direction of the CCO.
Prepare, review and consolidate compliance reports required by regulatory agencies, ensuring accuracy and timely submission.
Support regulatory examinations, inquiries, and correspondence, including preparation of responses and required documentation.
Initiate and support dialogues with regulatory authorities, as authorized.
Assist in re-evaluating areas of previously noted deficiencies to identify improvements and prevent recurrence.

Training and Awareness

Conduct or support AMLA and regulatory compliance training for officers and employees.

Ensure timely dissemination and explanation of regulatory circulars, memoranda, and advisories issued by regulators.

Promote compliance risk awareness and accountability across the organization.

Monitoring, Reporting, and Documentation

Support the monitoring and timely reporting of covered and suspicious transactions to the AMLC, in coordination with the AML Officer.

Assist in monitoring and submission of periodic compliance reports to regulatory agencies.

Ensure integrity, completeness, and accuracy of all documentary submissions to government regulatory bodies.

Maintain proper custodianship of compliance-related records, including hard and soft copies of regulatory correspondences and AML-related documentation, as delegated.

Accounting, Budget, and Administrative Support

Assist the CCO in preparing, recommending, and monitoring the Compliance Department budget.

Support reconciliation and validation activities related to AMLA-covered transactions prior to regulatory submission.

Others

Perform other related tasks that may be assigned from time to time.

COMPETENCIES

Regulatory Compliance Management :
Ability to implement, monitor, and ensure adherence to BSP, AMLC, PDIC, and other applicable banking regulations.

Compliance Risk Identification and Control :
Capability to identify compliance risks, assess impact, and ensure effective controls and corrective actions.

Compliance Monitoring and Regulatory Reporting :
Skill in conducting compliance testing and ensuring accurate, complete, and timely regulatory submissions.

Policy Implementation and Operationalization :
Ability to translate compliance policies and regulatory requirements into practical, day-to-day business processes.

Professional Integrity and Accountability :
Demonstrated commitment to ethical standards, confidentiality, and accountability in all compliance activities.

Good-to-Have

Regulatory Liaison and Examination Support:
Ability to coordinate with regulators, support examinations, and manage compliance-related correspondence.

AML and Financial Crime Oversight :
Working knowledge of AMLA requirements, transaction monitoring, and suspicious transaction reporting processes.

Compliance Training and Awareness Delivery:
Capability to conduct or support training that strengthens regulatory understanding and compliance culture.

Analytical and Issue Resolution

Skills:

Ability to analyze compliance findings, determine root causes, and support effective remediation.

Process Improvement and Efficiency Focus :
Skill in enhancing compliance processes to remain effective without becoming overly burdensome or bureaucratic.

QUALIFICATIONS Education

At least a Bachelors degree in Business Studies,…


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