Compliance Manager

Job Title:
Legal & Compliance Manager

Function:
Legal & Compliance

Reports to:
General Manager and the Compliance Committee.

Purpose of the Job

Legal & Compliance Manager is responsible for leading the branch's legal, regulatory, and compliance management, ensuring that all operations are conducted in accordance with Chilean law, local regulatory standards, and Bank of China Group policies. The main objective of this position is to safeguard the Bank's legal and reputational interests, coordinate the support provided by external law firms, and ensure full regulatory and ethical compliance with the CMF (Comisión para el Mercado Financiero), UAF (Unidad de Análisis Financiero), Central Bank, and other competent authorities. Additionally, this role is instrumental in promoting a strong culture of integrity, ethics, and accountability throughout the organization.

Key Responsibilities & Accountabilities

A. Legal Management

Supervise and coordinate the work of external law firms providing legal services to the Bank, ensuring quality, efficiency, and alignment with Bank of China Group policies.

Ensure that all key decisions, contracts, and policies have received appropriate legal review prior to approval or execution.

Provide legal insight and professional judgment on routine corporate, contractual, labor, tax, and regulatory matters, including the ability to assess whether the Bank's rights and interests are adequately protected. For complex or high-impact issues—such as disputes with regulatory authorities (e.g., CMF)—coordinate with external legal advisors to ensure appropriate legal strategy and representation. The role requires legal knowledge and proactive engagement, beyond merely managing external counsel.

Lead the preparation and validation of legal reports in coordination with the Corporate Banking Department, ensuring timely and accurate verification of corporate existence and legal representation powers of client entities, as part of the bank's Know Your Customer (KYC) procedures.

Review and provide legal opinions on key banking transaction documents, including but not limited to guarantee letters, promissory notes, and other instruments, ensuring legal soundness, enforceability, and alignment with internal policies and regulatory frameworks.

Monitor legal and regulatory changes that may impact the Branch's operations, communicate implications, and coordinate necessary internal actions.

Maintain and oversee all corporate legal records, including powers of attorney, corporate documents, and statutory filings, in coordination with external counsel.

Ensure compliance with the General Banking Law, the Economic and Environmental Crimes Law (Law , and other applicable legislation and regulatory requirements.

Support General Management and the Risk Committee in interpreting and applying relevant legal and regulatory frameworks.

B. Compliance Management

Design, implement, and maintain the Compliance Management System, in accordance with, CMF regulations, and internal policies. Draft and update internal compliance directives, prepare periodic reports, and implement escalation procedures to identify and address compliance risks, fraud indicators, and potential breaches of the Compliance Policy

Act as the Compliance Officer before the CMF and UAF, managing regulatory reports, responses, and inspections.

Oversee the strategic compliance of the AML/CTF and Economic Crimes Prevention Program, ensuring alignment with CMF, UAF, and Bank of China Group standards, and coordinate with the designated AML Officer in key functions such as transaction analysis and regulatory reporting.

Supervise the development and periodic review of internal policies, including the Code of Conduct, Prevention of Crimes Policy, Conflict of Interest Policy, and Data Protection Policy.

Lead internal investigations related to compliance breaches, fraud indicators, and violations of economic crime laws (Law No and Law No , ensuring proper documentation, legal coordination, and implementation of corrective actions.

Coordinate compliance audits and respond to CMF, UAF, or internal audit inquiries.

Promote a strong culture of ethics, compliance, and accountability through periodic awareness and training programs.

Implementation of the Crime Prevention Model (Law No and Law No : Ensure the model is up-to-date and effective by conducting risk assessments and implementing associated controls.

Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT): Oversee compliance with UAF regulations, the reporting of suspicious transactions, and client due diligence procedures.

Regulatory Oversight – CMF and Central Bank: Verify the implementation of policies required by applicable regulations, including market conduct, financial consumer protection, and confidentiality standards.

Whistleblower Channel and Corporate Ethics: Manage the internal whistleblower channel, ensure confidentiality of reports, and coordinate internal investigations.

Compliance Training and Culture: Promote ethics, integrity, and regulatory compliance through continuous training programs for all employees.

Design, implement, and maintain the Compliance Management System, in accordance with CMF regulations and internal policies. Draft and update internal compliance directives, prepare periodic reports, and implement escalation procedures to identify and address compliance risks, fraud indicators, and potential breaches of the Compliance Policy. Oversee internal and external fraud prevention efforts, including the implementation of mitigation measures and response protocols.

C. Governance & Institutional Coordination

Participates in several key governance bodies within the Branch, including the Executive Committee, the Compliance Committee (as Secretary), the Credit Approval Committee, the Internal Audit Committee, and the Risk Management and Internal Control Committee. These roles involve both voting and non-voting responsibilities, depending on the committee's structure and subject matter, and reflect the Compliance Officer's strategic oversight across regulatory, ethical, and risk-related domains.

Ensure coordination between Legal, Risk, IT, Operations, Finance, and HR departments on regulatory and governance matters.

Maintain effective communication with Head Office (Beijing) and other overseas compliance functions, ensuring alignment with Group standards and timely reporting.

Supervise the proper archiving, maintenance, and confidentiality of all legal and regulatory documentation.

Support the preparation of reports, action plans, and presentations for Senior Management, the Risk Committee, and the Executive Committee.

Education & qualifications

1. University degree in Law. A postgraduate degree in Banking Law, Financial Regulation, or Compliance is desirable.
2. Minimum 8 years of experience in the financial sector, with at least 3 years in legal, compliance, or regulatory roles.
3. Advanced English (spoken and written).

Knowledge, Skills and Experience

1. Technical Knowledge: Chilean banking and financial regulations, CMF RAN, UAF and AML/CTF frameworks, Law Economic and Environmental Crimes), risk management, and governance models.
2. High ethical standards, sound judgment, analytical ability, leadership, autonomy, teamwork, communication, and strategic vision.