Bernice Atanacio Junghan
Mandaluyong City
Summary
Experienced Compliance Officer with 13+ years of expertise in managing Anti-Money Laundering (AML) Compliance and Regulatory Compliance, including Compliance Testing for banks. Proven track record in implementing strategic initiatives and driving operational performance improvements. Recognized for collaborative team leadership skills and adaptability to changing business requirements.
Overview
15
15
years of professional experience
Work History
Vice President, Head of Governance and General Compliance
City Savings Bank Inc.
03.2024 - 09.2024
- Responsible for managing the day-to-day operations of the Governance and Affiliates Management Unit of the Bank
- Responsible for performing oversight function on the Bank's subsidiaries and affiliates which includes providing advisory services, performing compliance review and control testing, and review of policies and procedures
- Responsible for managing the day-to-day operations of the General Compliance Unit
- Responsible for assisting the Chief Compliance Officer (CCO) in developing and enhancing the Bank's Compliance and Governance program, policies and procedures
- Responsible for providing Compliance advisory services to the Bank's business and support units including review of policies, procedures and new products
- Responsible for ensuring that the Bank is compliant with existing and new regulatory issuances
- Responsible for assisting the CCO as the Point of Contact (POC) for regulators during audits/ examination and/or as and when needed
Vice President for Anti-Money Laundering & Independent Compliance Testing
City Savings Bank Inc.
07.2023 - 02.2024
- Responsible for the effective management of AML/ CFT and sanctions compliance of the Bank and reporting compliance status to the AML Committee and the Corporate Governance Committee of the Board
- Responsible for the management of the Bank's Independent Compliance Testing team
Vice President, Head of Financial Crime Compliance
Maybank Philippines, Inc.
11.2018 - 03.2023
- Responsible for strategizing, formulating, driving and directing the Bank’s establishment of AML/CFT and sanctions governance, framework, policies, procedures, standards, programs, internal controls, and initiatives in line with Group Compliance’s strategic direction and framework
- Responsible for ensuring effective management of AML/CFT and sanctions compliance to minimize the risk of penalties, legal action or reputational risk by identifying the risk of non-compliance and through recommending control measures, and reporting regulatory compliance status to Group Compliance, local Senior Management, Board of Directors and regulators
- Responsible for conducting regulatory impact analysis in collaboration with the relevant stakeholders and recommending necessary compliance risk management activities to comply and adhere to applicable requirements
- Responsible for the on-going monitoring of AML/CFT and sanctions compliance status of the Bank to ensure compliance risk management measures remain current in line with any changes in the risk level of the Bank
- Responsible for regular and prompt escalation of AML/CFT and sanctions compliance status / issues to the Senior Management, Board of Directors and regulators
- Responsible for the continuous assessment of the effectiveness of the Bank’s AML/CFT and sanctions systems and recommend action plans to improve performance and to address any gaps
- Responsible for leading the review and assessment of AML/CFT and sanctions risks during new product/ service/ process or infrastructure implementation
- Responsible for recommending and providing value-added advice on the adequacy of controls within the business and support units in managing and mitigating AML/CFT and sanctions compliance risks effectively
- Responsible for assisting the Chief Compliance Officer as a central point of contact with regulators to ensure enhanced communications and engagements between the Bank and regulators
- Responsible for assisting the Chief Compliance Officer in promoting AML/CFT compliance culture across the Bank
- Responsible for assisting the Chief Compliance Officer in reviewing compliance review reports
Head, AML Operations Department
PJ Lhuillier Inc.
05.2018 - 11.2018
- Responsible for overseeing and managing the AML Investigations Department of the Group
- Responsible for developing, implementing, maintaining and enhancing the AML/CTF Program of the Group
- Responsible for ensuring proper implementation of the Group’s MLPP across all branches
- Responsible for providing AML/CTF advisory, guidance and recommendation to all relevant stakeholders
- Responsible for ensuring that the AML/CTF issues of the Group are addressed and properly mitigated
- Responsible for representing the AML Operations Department during regulatory, external and internal audits
Head, Anti-Money Laundering Unit
Bank of China Manila
02.2018 - 05.2018
- Responsible for developing, implementing, maintaining and enhancing the AML/CTF policies, procedures and controls of the organization
- Provides AML/CTF advisory and/or recommendation to all relevant stakeholders
- Represents the Bank during AML/CTF related regulatory and internal audits
- Responsible for developing, implementing, maintaining and enhancing the AML Training and Compliance Testing Program for the Bank
- Responsible for ensuring that the AML/CTF issues of the Bank are addressed and properly mitigated
Vice President – Anti-Money Laundering
HSBC
11.2015 - 08.2016
- Supports the Country Head of AML in the oversight and management of the Bank’s AML investigations team
- Oversees / manages the day-to-day operations of the AML investigations team to minimize operational risk incidents
- Undertakes ad hoc projects, reviews and monitoring as requested by the Country Head of AML
- Conducts risk analysis based on the AML MI data provided by the Lines of Business and relevant stakeholders to mitigate identified risks, track recommendations and agreed actions, including client exits
- Supports and participates in key initiatives from the Region
- Supports the Country Head of AML during internal and regulatory audits
- Supports the Country Head of AML in conducting AML training sessions for the Global Lines of Business and/or Global Function
- Supports the Country Head of AML in enhancing the competency of the AML team
Assistant Vice President - Anti-Money Laundering
HSBC
06.2014 - 10.2015
- Exercises discretion in the second level review of alerts generated by the Bank’s transaction monitoring system, Unusual Activity Reports (UARs) and referrals from other HSBC Group Offices or ad hoc investigations
- Provides advice to the businesses on how to mitigate money laundering and terrorist financing risks with regard to a particular client or group
- Monitors clients with heightened ML/TF risks and provides recommendations on how to mitigate the risk
- Oversees the end-to-end process of preparing, generating and reporting the Bank’s Covered Transaction Report (CTR) and Suspicious Transaction Reports (STRs)
- Ensures that the Bank is able to comply with the reportorial requirements of all the relevant regulations of the BSP, AMLC, HKMA and FCA by providing consultancy or advice to the business and operating units on how to mitigate ML/TF issues
- Assists in training, including development, coaching and supporting AML knowledge amongst the first level investigators and the rest of the team
- Conducts sampling review and quality assurance of alerts reviewed by the first level investigators
- Provides assistance to the VP - AML Lead in drawing up policies and procedures in relation to financial crime compliance
- Provides assistance to the VP - AML Lead in preparing the annual AML report for submission to the regional office
- Provides assistance to VP - AML Lead during regulatory and internal audit
Assistant Manager - AML & Compliance
HSBC
06.2013 - 05.2014
- Responsible for the initial investigation of alerts generated by the Bank’s transaction monitoring system
- Responsible for coordinating with officers and staff in relation to identifying and tracking possible money laundering transactions
- Responsible for reviewing Money Laundering Suspicious Transaction Reports (MLSTR) submitted to the Compliance Department and submission of Suspicious Transaction Reports (STR), if applicable
- Spearheaded the Compliance Department’s 2013 Review of Special Category of Clients (SCC) and Higher Risk Clients (HRC)
- Conducted trainings for Bank employees who volunteered for the Review of Special Category of Clients and Higher Risk Clients
Legal Governance, Risk & Administration Officer
HSBC
09.2012 - 06.2013
- Provided assistance to the Bank’s Legal Department in managing / avoiding legislative risks by ensuring proper and timely dissemination of regulatory issuances and by monitoring the status of pending legislation that have significant impact to the Bank and its operations
- Provided assistance in managing the contractual risks of the Bank by (a) ensuring that all standard bank contracts are cleared by the Legal Department and are assigned with reference number; (b) keeping the repository of standard bank contracts updated; (c) accurately maintaining the list of standard bank contracts; and (d) by monitoring when the standard documents are due for review
- Provided assistance to the VP and Senior Legal Counsel in handling the corporate secretary function of the Bank’s subsidiaries by monitoring the performance of the corporate secretaries and by ensuring that the corporate secretaries are able to provide their deliverables in a timely manner
- Provided assistance to VP and Senior Legal Counsel in preparing the reports to the regional office in connection with the corporate secretary function such as the semi-annual compliance certificate, semi-annual pro-forma report and the quarterly entities review
- Handled the issuance and revocation of the Deeds of Appointment of Substitute Attorney (DASA) of the relevant officers of the Bank
- Maintained the Blueprint Oneworld or the database used to record details of HSBC Group and Non-Group Companies
- Prepared the reports to BSP and SEC in connection with the Corporate Secretary Function
- Prepared various reports of the Legal Department such as the Monthly Legal Report, Retail Banking & Wealth Management Legal Report, Executive Committee Report, Legal Fees Report, Annual Return and Risk Map Commentary
- Discharged the role of BCP Coordinator and Deputy Business Risk Officer (DBIRO) for the Legal Department
- Handled the dissemination of notices of garnishment and freeze orders to relevant business units and the preparation of the response in a timely manner
- Managed the administrative requirements of the Legal Department
- Provided relevant legal research as and when necessary
Legal Staff
HSBC
07.2010 - 09.2012
- Managed the administrative requirements of the Legal and Compliance Department
- Disseminated to internal clients significant changes or promulgations of laws, regulations and jurisprudence affecting the banking industry, as well as significant regulators’ correspondences
- Assisted the VP and Legal Counsel in monitoring the Bank’s subsidiaries in the Philippines and other Philippine companies in which the Bank maintains an interest
- Assisted the Manager - Compliance in the preparation of reports being submitted to the regional office
- Assisted the Manager - Compliance in completing the Bank’s Compliance Manual
- Provided assistance to the members of the Legal and Compliance team as well as to internal clients during internal audits and regulators’ audits
- Assisted VP and Legal Counsel in managing the external counsels handling the corporate secretary function of HSBC Subsidiaries
- Assisted the Compliance Officer of HSBC Savings Bank (Philippines), Inc
- In the preparation of regulatory reports
- Handled the tasks of a Business Continuity Plan (BCP) Coordinator for the department
Collections Administrative Associate
HSBC
09.2009 - 06.2010
- Provided administrative support to both the inbound and outbound collections team and ensured that daily maintenances are performed within set standards
- Handled reversals, change in billing address, and transfer of balances of delinquent accounts
- Handled fees only queues (S28) and ensured timely reversal of these fees to avoid adding to the delinquency
Education
Bachelor of Arts - Social Science Major in Area Studies
University of The Philippines
04-2009
Skills
- Team leadership
- Relationship building
- Decision-making
- Critical thinking
- Risk management
- Operations management
- Process improvement
- Results-driven
- Policy and procedure development
- Rules and regulations
References
Character reference available upon request.
Trainings and Seminars Attended
- BAIPHIL Compliance Framework Training, 2021
- Group Compliance Offsite Workshop and Maybank Global Compliance Convergence, 2019
- BSP Training on Amendments to AML/CFT Laws, Rules and Regulations and the AML Risk Rating System, 2019
- AMLC Webinar on Targeted Financial Sanctions (TFS) and Proliferation Financing (PF), 2021
- Level 3 AML Investigations Training, 2016
- AML/ FCC Certification (International Compliance Association), 2015
- Annual AML and Sanctions Awareness Training, 2015
- AML & Compliance Briefing, 2013
- Facilitations Payment Training, 02/01/13
- Branch Operations Training, 04/01/11
- Effective Decision Making, 12/01/09
Timeline
Vice President, Head of Governance and General Compliance
City Savings Bank Inc.
03.2024 - 09.2024
Vice President for Anti-Money Laundering & Independent Compliance Testing
City Savings Bank Inc.
07.2023 - 02.2024
Vice President, Head of Financial Crime Compliance
Maybank Philippines, Inc.
11.2018 - 03.2023
Head, AML Operations Department
PJ Lhuillier Inc.
05.2018 - 11.2018
Head, Anti-Money Laundering Unit
Bank of China Manila
02.2018 - 05.2018
Vice President – Anti-Money Laundering
HSBC
11.2015 - 08.2016
Assistant Vice President - Anti-Money Laundering
HSBC
06.2014 - 10.2015
Assistant Manager - AML & Compliance
HSBC
06.2013 - 05.2014
Legal Governance, Risk & Administration Officer
HSBC
09.2012 - 06.2013
Legal Staff
HSBC
07.2010 - 09.2012
Collections Administrative Associate
HSBC
09.2009 - 06.2010
Bachelor of Arts - Social Science Major in Area Studies
University of The Philippines
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