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Sovereign’s Capital
Sovereign’s Capital

Assistant Manager, Compliance and Government RelationsPhilippines



Posted on Monday, April 17, 2023

Life at Grab

At Grab, every Grabber is guided by The Grab Way, which spells out our mission, how we believe we can achieve it, and our operating principles - the 4Hs: Heart, Hunger, Honour and Humility. These principles guide and help us make decisions as we work to create economic empowerment for the people of Southeast Asia.

Get to know the team

We are a forward-looking regulatory compliance team that prevents, detects and mitigates regulatory risk across Grab Financial Group, while helping to strengthen the culture of compliance. As a dynamic and fast-growing FinTech
organization in Southeast Asia, we champion a partnership mindset in engaging closely with business teams to support delivery of commercial objectives, while ensuring no compromise in our role as the second line of defense.

The team also corresponds with regional regulators and proactively identifies opportunities to deepen relationships with key government stakeholders.

Get to know the role

This role will provide a support function to the regulatory compliance team in PH by assessing key regulatory and compliance risks for entities in Grab Financial Group. This includes monitoring for compliance with new or amended regulations, developing and implementing of controls, policies, procedures and trainings, testing, investigation and surveillance for compliance risks and breaches and will leading the responses to regulatory examinations, audits and inquiries.

This is a unique and dynamic role that requires exposure on both compliance and experience in relationship management, implementing cutting edge digital technology to protect the business and to meet compliance objectives.

The Day-to-Day Activities

Regulatory Compliance Advisory:

  • Assess and interpret the potential impact of applicable financial regulations and rules on business and product development

  • Provide comprehensive regulatory compliance advice to the business on all compliance matters relevant to the licensed entity

  • Develop, maintain and implement the country compliance program, including the Compliance policies and guidelines, regulatory documentation, training logs and related policies and procedures

  • Partner with relevant stakeholders to implement the regulatory compliance program and lead the coordination of internal changes when required

  • Perform the role of Assistant Money Laundering (AML) Reporting Officer for the business, which will entail overseeing the Customer onboarding process and AML transaction monitoring process, filing of suspicious transaction reports and conducting regular AML training

  • Support regulatory licensing application process

Monitoring, Controls and Governance:

  • Conduct compliance risk assessments, develop plans to address gaps and drive remediation efforts

  • Develop and track key compliance risk monitoring indicators

  • Support all external and internal audits as required

  • Prepare and submit periodic reports and presentations to regulatory bodies and senior management forums

  • Support other subject matter leads to implement controls and enhancements for areas such as technology risk management, personal data protection and data governance, transaction monitoring and quality assurance

  • Develop training materials and regularly sensitize senior management, relevant employees and business partners regarding key compliance risks

  • Travel frequently within Southeast Asia where Grab has a presence to build similar compliance frameworks in these countries, as well as support country compliance teams when required.

The Must-Haves

  • Minimum 4 years relevant experience in regulatory compliance or internal audit in a financial institution

  • Constructive attitude and a demonstrated willingness to “get hands dirty” to effectively solve problems

  • Excellent interpersonal, written and verbal communication skills

  • Self-starter, highly motivated, goal focused, detail oriented and well-organized

  • Demonstrated hunger to grow and flexibility to adapt to a dynamic and fast-moving business environment

  • Ability to work independently while always being committed to team objectives

  • Strong attention to details in drafting policy recommendation papers; or policies, procedures, and manuals

  • High exposure in liaising with financial regulators, responding to regulatory inquiries and surveys and managing inspections

  • Excellent stakeholder management at all levels, particularly senior stakeholders

  • Knowledge of Philippines and ideally one other Southeast Asian country payment regulatory framework

  • Comfortable in managing ambiguity and operating in a hyper-growth company

The Nice-to-Haves

  • Hands-on experience in designing operational flows to manage customer due diligence, know-your-customer (KYC) know-your-business (KYB), suspicious transaction monitoring processes

  • Association of Certified Anti-Money Laundering Specialists (ACAMS) or related certification

  • Expertise in the online payments industry and regional personal data protection laws

  • Expertise in government relations and handling key stakeholder cultivation

  • Awareness of recent developments in digital payments and lending industry

Our Commitment

We are committed to building diverse teams and creating an inclusive workplace that enables all Grabbers to perform at their best, regardless of nationality, ethnicity, religion, age, gender identity or sexual orientation and other attributes that make each Grabber unique.

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Equal opportunity

Grab is an equal opportunity employer. We owe our success to the talents of our globally-diverse team and the varying perspectives they add to our thriving community.

Recruitment agencies

Grab does not accept unsolicited resumes sent by recruiting agencies. Please do not forward resumes to our job postings, Grab employees or other parts of the business. Grab will not be liable to pay any fees to agencies for candidates hired as a result of unrequested resumes.