Local Regulatory Advice & Reporting Lead (Wholesale Banking, Manila Branch) at ING

, , Philippines -

Full Time

Start Date

Immediate

Expiry Date

24 Jan, 26

Salary

0.0

Posted On

26 Oct, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Regulatory Reporting, Financial Accounting, Compliance, Risk Management, Project Management, Analytical Skills, Communication, Team Leadership, Process Optimization, Control Procedures, BSP Regulations, IFRS, Financial Reporting, Collaboration, Change Management, Data Analysis

Industry

Financial Services

Description

Core Role Supports the CFO & Controller in developing and executing ING's regulatory and transformation strategy to ensure compliance and controls are adequate to mitigate risks by performing the following: a) Advises management on compliance with local regulations as it relates to regulatory reporting responsibilities to BSP, PDIC and SEC. b) Responsible for external reporting to regulators and timely operationalization of changes in external reporting c) Provides the correct design, execution and control of the financial records and associated regulatory reports. Advises on the development, maintenance and optimization of policies, guidelines and models of regulatory information d) Manage projects implemented in the Manila branch such as new system implementation or reporting automation. Key Responsibilities Reporting Compliance a) Ensures that all local regulatory reporting and monitoring requirements are completed and submitted timely in accordance with the regulations and ING accounting policies and standards which are aligned with IFRS/PFRS. Ensures adequate review is made before each report is submitted. - b) Provides analytical reviews, interpretation and substantiation of the financial, statutory or regulatory reports. Validates adherence to requirements. c) Work with Finance Controller in the preparation and finalization of Audited Financial Statements including disclosures/schedules that may be assigned, including its supporting working files. d) Supports the ICAAP Chairperson in the compilation of ICAAP document due for submission to BSP in Q1 of each year; incorporating impact of business strategy to financial projections/balance sheet, capital requirements and stressed scenarios. Analytics e) Conducts impact analysis of new BSP/PDIC & SEC regulations to ING’s compliance with prudential ratios. f) Performs the required analytic review of unusual trends/movements to identify cause of variances/reasonableness of regulatory data. Business Partnering g) Uses expertise of regulations and products to advise responsible management on: Compliance to regulatory limits/ratio Product reviews by identifying implications of local (e.g. BSP) regulations to new products and new regulations to existing products h) Analyses and communicates (e.g. to business) about changes in regulations related to regulatory requirements, e.g. thru regulatory publication and briefing. i) Coordinates with other departments, BSP contacts and peer banks regarding regulatory issues and provides alternatives to address any compliance risk of the Bank. Process Design and Control Execution j) Understands end-2-end Finance processes and systems and interdependencies with other domains such as Risk and Operations. k) Develops and maintains the internal control framework over financial and regulatory reporting (MSFRR) and advises on internal control measures. l) Develops and formulates control policy for internal control of Finance and the business unit. Translates and implements (new) regulatory standards such as BSP reporting rules into, for example, chart of accounts, processes, systems and interfaces with the reporting systems. m) Performs continuous streamlining process of the local regulatory reporting function including management of projects on system implementation. n) Manages the local regulatory reporting activities by means of timely completion, quality and compliance. Sets and monitors KPIs of team and individuals, on accuracy, efficiency and timeliness. Project Implementation a) Provides specific financial expertise to business-wide projects. b) Ensures all reports covered by RRP tool are adequately tested and implemented by the team. Competencies and Qualification Minimum of 8 years’ experience in banking or audit with experience financial reporting is a must while regulatory reporting is preferred High level knowledge of financial accounting (IFRS) and global/local regulatory requirements (BSP, PDIC, SEC & BIR) Experience in leading teams and initiatives • Strong communicator in English, both verbal and written. Strong risk and control awareness and knowledge of financial control procedures • Passion about process excellence and optimizing the control and efficiency of Finance activities. Ability to work collaboratively across functions and geographies Ability to anticipate and lead change; open to AGILE way of working. Relevant Behaviours Collaborative style: builds partnerships and works collaboratively with others to meet shared objectives. For example, encourages coworkers and external partners to work together as a team, and makes sure they get credit for doing so. Encourages people to share their honest views, responds in a non-defensive way when they do. Communicates effectively: develops and delivers multi-mode communications that convey a clear understanding of the unique needs of different audiences. For example, tailors communication content and style to the needs of others. Pays attention to others' input and perspectives, asks questions, and summarizes to confirm understanding. Ensures accountability holds self and others accountable to meet commitments. For example, tracks performance and strives to remain effective, learning from both successes and failures. Readily takes on challenges or difficult tasks and has reputation for delivering on commitments We’re a global bank with a strong European base, and our more than 60,000 colleagues serve around 38 million customers and corporate clients in over 40 countries. Joining ING means working with friendly and collaborative people towards making a positive impact on people and planet. We believe in empowering the people around us and our customers to stay a step ahead. Working here means having the autonomy to drive progress, helping to create superior customer value and contributing to our ambition of putting sustainability at the heart of everything we do. Here, we’re more than just a workplace – we’re a community of innovators, problem-solvers, and forward-thinkers, dedicated to making a real impact. Whether you’re just starting your career or seeking the next big challenge, we have opportunities that will inspire and push you to grow. Your future at ING starts with one application. Ready to join? We’ve got plenty of opportunities to match your skills and aspirations! Use the filters below the search bar – like location and job type – to help you find the perfect fit. Start exploring now and discover where your next career move could take you!

Responsibilities

The role involves advising management on compliance with local regulations and ensuring timely external reporting to regulators. It also includes managing projects related to regulatory reporting and optimizing financial records and associated reports.