Joseph Charles Salcedo
Calamba
Summary
Dynamic Compliance Specialist with a proven track record at Sun Life of Canada Philippines Inc., adept at compliance monitoring and investigations. Enhanced regulatory adherence through effective risk identification and corrective action plans, fostering a culture of accountability. Recognized for critical thinking and collaboration, driving continuous improvement in compliance practices.
Experienced with regulatory compliance and risk assessment. Utilizes strong analytical skills to identify and mitigate potential compliance issues. Knowledge of industry standards and best practices ensures organizational adherence to regulatory requirements.
Overview
21
21
years of professional experience
Work History
Compliance Specialist
Sun Life of Canada Philippines Inc.
07.2022 - Current
- Apply high standards of accuracy and quality to daily AML/ATF alert reviews, and associated client risk assessments;
- Collaborate with business partners, and Business Unit Compliance Officer team members, to identify high risk clients and complete enhanced due diligence measures;
- Investigate unusual transactions and make recommendations regarding risk levels and subsequent regulatory filing, as required;
- Identify and articulate continuous improvement opportunities to enhance effectiveness and efficiency of the program;
- Contribute to the maintenance of the Sun Life Canada AML/ATF Program Policies and Procedures;
- Maintain up to date knowledge of AML/ATF regulatory requirements in order to provide guidance to business partners regarding related processes and procedures;
- Actively participate in various AML/ATF compliance initiatives.
- Assisted in the preparation of regular reports for senior management, detailing compliance activities and progress towards established goals.
- Served as a point of contact for employees seeking guidance on compliance matters, instilling confidence in the organization''s commitment to regulatory adherence.
- Reduced instances of non-compliance through meticulous monitoring of internal controls and periodic audits.
Assistant General Regulation Compliance Officer
Security Bank Corporation
04.2021 - 09.2021
- Managed relationships with regulators, maintaining open lines of communication to ensure transparent operations.
- Assisted with internal and external audits to confirm compliance with applicable laws and regulations.
- Promoted a culture of continuous improvement through ongoing evaluation and refinement of compliance program elements.
- Collaborated with cross-functional teams to address compliance concerns, fostering a culture of shared responsibility.
- Enhanced regulatory compliance by developing and implementing comprehensive policies and procedures.
- Reduced the risk of financial penalties by conducting thorough internal audits on a regular basis.
- Evaluated new regulations for potential impact on business operations, taking proactive measures to ensure readiness for implementation.
- Demonstrated adaptability in response to evolving industry standards, maintaining best practices in a dynamic regulatory environment.
- Provided expert guidance on complex regulatory matters, enabling informed decision-making within the organization.
- Ensured timely identification of potential issues by establishing robust monitoring systems and controls.
- Improved stakeholder confidence by presenting clear and concise compliance reports at board meetings.
Compliance Officer
PearlPay
10.2020 - 04.2021
- Advised senior management on strategic planning initiatives, incorporating compliance considerations into decision-making processes.
- Oversaw implementation of compliance software solution, enhancing tracking and reporting of compliance data.
- Enhanced regulatory compliance by auditing and revising company policies and procedures.
- Conducted thorough risk assessments for identifying potential compliance vulnerabilities and formulated mitigation strategies.
- Enhanced decision-making, providing senior management with detailed compliance risk assessments and recommendations.
- Improved operational efficiency by streamlining compliance processes and reducing redundancies.
- Coordinated with external regulators to clarify compliance expectations and ensure company practices were fully aligned.
- Facilitated communication between departments, ensuring timely updates on compliance changes and their impact on operations.
- Supported business expansion efforts by ensuring new initiatives were fully compliant with existing and emerging regulations.
- Created and maintained compliant work environment.
- Maintained up-to-date knowledge of applicable laws and regulations.
- Identified gaps in existing compliance processes and recommended updates.
Compliance Officer
De La O Rural Bank, Inc.
08.2019 - 09.2020
- Spearheaded investigations into potential violations, promptly addressing issues to maintain company reputation and avoid sanctions.
- Championed ethical business practices, instilling a sense of corporate social responsibility across all departments.
- Developed comprehensive training programs to increase employee awareness of compliance requirements and expectations.
- Leveraged technology solutions for efficient tracking and reporting of compliance-related activities and metrics.
- Reduced legal risks, conducting regular compliance audits and ensuring all departments adhered to laws and regulations.
- Strengthened company reputation with development and implementation of effective compliance training program for all employees.
- Achieved significant improvements in compliance metrics by leading targeted internal review and action plan.
- Mitigated potential financial penalties by proactively identifying and addressing compliance issues before regulatory reviews.
- Developed comprehensive compliance manual, significantly improving staff understanding of regulatory requirements.
- Developed and implemented corrective action plans for non-compliance issues.
- Developed risk assessment models to identify potential compliance risks.
- Took notes on field examinations and specific case details, updated databases and produced reports outlining results of investigations.
Compliance Officer
Maximum Savings Bank Inc. (Maxbank)
03.2018 - 05.2020
- Provided expert guidance on complex compliance issues, enabling informed decision-making at the executive level.
- Implemented robust monitoring systems to identify areas of concern and ensure timely resolution of identified issues.
- Actively participated in industry committees or associations for better understanding of trends affecting peers in similar roles.
- Ensured timely completion of all regulatory filings, maintaining a strong reputation with governing bodies.
- Led successful audits and examinations, demonstrating the company''s commitment to transparency and accountability.
- Improved cross-functional collaboration with key stakeholders, fostering a culture of compliance throughout the organization.
- Developed customized training programs to educate employees on essential compliance topics, promoting ethical behavior across the organization.
- Advised senior leadership on strategic initiatives from a compliance perspective, ensuring alignment with organizational values and objectives.
- Consistently updated knowledge of relevant laws, regulations, standards to ensure continuous alignment with current guidelines.
- Streamlined internal processes for increased efficiency in risk management and regulatory reporting.
- Evaluated emerging risks in the industry to proactively address potential challenges and maintain business continuity.
- Established and maintained strong relationships with customers, vendors and strategic partners.
Compliance Officer
Rural Bank of Puerto Galera, Inc.
01.2015 - 03.2018
- Designed risk assessment frameworks to evaluate organizational vulnerabilities and prioritize areas requiring attention.
- Implemented successful remediation efforts following audit findings, minimizing adverse consequences for the organization.
- Ensured continuous improvement in compliance practices by setting up feedback loop with key stakeholders.
- Reduced incident rates by implementing robust compliance monitoring and enforcement mechanism.
- Enhanced public trust, ensuring transparent and ethical business practices were maintained across all operations.
- Boosted staff compliance awareness with creation and delivery of engaging training sessions.
- Conducted periodic compliance audits and reviews to identify areas of improvement.
- Kept informed regarding pending industry changes, trends or best practices.
- Assisted with development of compliance objectives and strategies.
Head Teller
Emirates NBD
07.2004 - 09.2011
- Balanced cash drawers consistently at end-of-day without discrepancies, ensuring accuracy in all transactions processed throughout the day.
- Oversaw currency shipments and deposits while adhering to strict safety guidelines.
- Replenished ATM funds in empty canisters prior to validation process.
- Managed high-volume cash transactions daily, maintaining accuracy and efficiency under pressure.
- Assisted customers with account inquiries, resolving issues promptly to ensure satisfaction.
- Answered inquiries regarding checking and savings accounts and other related products.
- Created teller schedule to keep weekly and weekend shifts properly staffed.
- Coordinated workflow among tellers, assigning tasks and monitoring performance for optimal efficiency during peak hours.
- Verified amount of cash in cash drawer against day's receipts, quickly identifying errors.
- Enhanced customer satisfaction by providing efficient and accurate transaction services.
- Implemented cross-selling techniques to promote bank products, contributing to increased revenue generation.
- Mentored junior tellers, fostering professional development and growth within the team.
- Maintained up-to-date knowledge of banking policies, procedures, and regulatory requirements for effective guidance of team members and clients alike.
- Served as a trusted resource for colleagues on complex transactions or challenging customer situations.
- Assisted customers with setting up or closing accounts, completing loan applications, and signing up for new services.
- Completed highly accurate, high-volume money counts via both manual and machine-driven approaches.
- Promoted an inclusive team environment that fostered collaboration, continuous learning, and employee growth.
Education
Commerce Major in Banking And Finance
University of Batangas
Batangas City05-1999
Skills
- Compliance monitoring
- Compliance oversight
- Sanctions compliance
- Industry awareness
- Information gathering
- Investigation techniques
- Anti-money laundering
- Compliance
- Documentation skills
- Reporting skills
- Documentation review
- Corrective action plans
- Project management
- Due diligence
- Operations support
- Research proficiency
- Investigations expertise
- Compliance reporting
- Critical thinking
- Policy enforcement
- Records management
- Records review
- Risk identification
- Disaster recovery management
- Conflict management
- Violations and infractions
Accomplishments
Completed Exploring Leadership Journey Program (Cohort 2) given by Sun Life of Canada Philippines Inc.
Timeline
Compliance Specialist
Sun Life of Canada Philippines Inc.
07.2022 - Current
Assistant General Regulation Compliance Officer
Security Bank Corporation
04.2021 - 09.2021
Compliance Officer
PearlPay
10.2020 - 04.2021
Compliance Officer
De La O Rural Bank, Inc.
08.2019 - 09.2020
Compliance Officer
Maximum Savings Bank Inc. (Maxbank)
03.2018 - 05.2020
Compliance Officer
Rural Bank of Puerto Galera, Inc.
01.2015 - 03.2018
Head Teller
Emirates NBD
07.2004 - 09.2011
Commerce Major in Banking And Finance
University of Batangas
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