Vicky Salvador

Curriculum Vitae (CV) Ma. Victoria M. Salvador Email:-| Phone:- LinkedIn: www.linkedin.com/in/vickysalvador Address: Unit 11, Sta Ana Townhomes, 2568 Lamayan St., Sta. Ana, Manila PROFESSIONAL SUMMARY A seasoned Chief Compliance Officer with over 30 years of experience in the banking industry, recognized for driving comprehensive compliance programs and ensuring regulatory adherence. Certified by the Bangko Sentral ng Pilipinas (BSP) as a Chief Compliance Officer and holding the Certified Anti-Money Laundering Specialist (CAMS) designation. Adept at balancing regulatory requirements with business objectives, with a proven track record in fostering a culture of compliance, risk management, and governance across organizations. A key contributor to data privacy initiatives, ensuring organizational adherence to data privacy regulations and best practices. Skilled in revising policies and procedures, leading crossfunctional teams, and addressing compliance issues across the organization. Proven ability to collaborate with diverse business units to mitigate compliance risks and ensure continuous improvement of compliance efforts. PROFESSIONAL EXPERIENCE Vice President / Chief Compliance Officer (CCO) Rural Bank (Fintech)– Philippines January 2, 2025 – Present • • • • • • Lead the bank’s enterprise-wide compliance framework, ensuring alignment with BSP regulations, SEC guidelines, and internal governance standards. Spearhead the development of digital-compliance strategies, integrating fintech innovations with robust regulatory safeguards. Oversee the bank’s Anti-Money Laundering Program, Data Privacy protocols, and internal policy controls to support a digital-first operating model. Serve as liaison with regulators, board committees, and senior management on compliance risk oversight and regulatory reporting. Collaborate cross-functionally to ensure product and service rollouts are fully compliant with applicable banking and digital finance regulations. Vice President / Chief Compliance Officer (CCO) Chang Hwa Commercial Bank, Ltd. Manila Branch April 2018 – December 27, 2024 • • • • • • Policy Development & Maintenance: Spearheaded the refinement of compliance policies and procedures, specifically in Data Privacy, Anti-Money Laundering, and other critical areas, leading to enhanced compliance across the organization. Data Privacy Leadership: Directed efforts to ensure regulatory compliance with the Data Privacy Act by formulating and implementing proactive data governance policies and frameworks. Collaboration on Data Privacy Initiatives: Engaged actively as a key contributor in aligning organizational practices with data privacy regulations, resulting in a notable improvement in data governance metrics. Risk Management: Identified compliance vulnerabilities and devised corrective strategies that reduced compliance risks significantly, fostering organizational resilience. Senior Management Reporting: Provided thorough compliance performance reports to the President & CEO, ensuring transparency and accountability in operational compliance efforts. Continuous Compliance Monitoring: Instituted periodic reviews of compliance programs, leading to advancements aligned with industry best practices and improved overall regulatory ratings. Key Skills • • • • • Regulatory Compliance Expertise: Mastery in developing and managing compliance programs aligned with evolving global regulatory frameworks and data protection standards. Data Privacy & Security: Extensive involvement in data privacy initiatives, ensuring compliance with applicable laws and fostering a comprehensive understanding of data protection protocols. Leadership in Compliance: Strong leadership acumen in managing cross-functional teams to instill a robust compliance culture throughout the organization. Strategic Risk Management: Adept at pinpointing compliance risks and articulating actionable strategies for mitigation and prevention. Effective Communication: Excellent communication skills, ensuring cohesive dialogue with senior management and regulatory bodies, promoting transparency and understanding. Additional Information • • • Professional Affiliations: Active membership in ACAMS, serving as a voting representative for the Bankers Association of the Philippines and within the Association of Bank Compliance of the Philippines (ABCOMP). Commitment to Diversity: A dedicated advocate for diversity, equity, and inclusion within compliance teams, enhancing collaborative efforts across the organization. Certifications: Completed a strategic compliance course tailored for the banking industry, with ongoing contributions to regulatory compliance education. Key Contributions • Successfully established a proactive risk management framework that integrated compliance efforts with overall business strategy, significantly enhancing regulatory adherence. • • Evolved internal communication processes, resulting in improved coordination between compliance and various business units, leading to streamlined efforts in compliance management. Achieved top-tier ratings in compliance from the Bangko Sentral ng Pilipinas (BSP), reinforcing the institution's dedication to excellence in governance and compliance standards. Additional Information • • • • • • • Professional Affiliations: Active member of ACAMS with Continuing Education Credits (CECs) Bankers Association of the Philippines- voting representative Association of Bank Compliance of the Philippines (ABCOMP- voting representative With Bangko Sentral ng Pilipinas (BSP) confirmation for Chief Compliance Officer for three consecutive organizations Asian Institute of Management (AIM) - with Certification course in investment Banking Diversity Commitment: Strong advocate for diversity, equity, and inclusion, actively contributing to building a diverse compliance team. Certificate Course in Strategic Compliance for the Banking Industry – De La Salle University, 2015 Key Contributions: • Successfully mitigated compliance-related risks by developing a proactive risk management strategy that integrates with overall business operations. • Enhanced communication and coordination between compliance and other departments, leading to a more cohesive approach to risk management and regulatory adherence. • Through dedicated organizational efforts and robust compliance frameworks, the bank achieved three consecutive highest ratings from the Bangko Sentral ng Pilipinas (BSP), reinforcing the institution's commitment to excellence in regulatory adherence and governance. Vice President / Chief Compliance Officer (CCO) Bank of Makati December 2016 – April 2018 • Oversaw the Bank's Compliance Program, Anti-Money Laundering Program, and Corporate Governance, ensuring adherence to regulations issued by regulatory agencies. • Developed and monitored the Bank’s compliance program to ensure alignment with regulators' rules, regulations, and statutory requirements. • Enhanced collaboration between the Compliance Department and other business units, leading to a cohesive approach to risk management and regulatory adherence. Key Contributions: • Successfully ensured the Bank’s compliance with all regulatory requirements, contributing to maintaining the Bank's reputation and avoiding regulatory penalties. • Played a pivotal role in developing and maintaining a compliance framework that aligned with both regulatory expectations and business objectives. Vice President / Chief Compliance Officer (CCO) Tanay Rural Bank June 2016 – December 2016 • Developed and administered the Bank's compliance program, ensuring alignment with regulatory requirements and internal policies. • Successfully maintained a satisfactory rating from BSP by ensuring full compliance with regulatory requirements. • Strengthened the Bank's compliance infrastructure, contributing to overall organizational risk management. Key Contributions: • Successfully received a satisfactory rating from the Bangko Sentral ng Pilipinas (BSP), which allowed the bank to continue its operations without any restrictions on other banking activities. • Strengthened the Bank's compliance infrastructure, contributing significantly to overall organizational risk management and supporting the bank's strategic growth initiatives. Chief Compliance Officer (Acting) Optimum Development Bank now All Bank June 2013 - June 2016 • Administered the compliance program and interacted with the Bangko Sentral ng Pilipinas on compliance-related issues. • Enhanced the Bank's compliance framework, leading to improved regulatory compliance and reduced risk exposure. Key Contributions: • Successfully implemented an effective Compliance program, transforming the Bank from a state of prompt corrective actions to achieving a satisfactory rating from the Bangko Sentral ng Pilipinas (BSP). This improvement paved the way for the bank to obtain the necessary licensing to expand its operations. • Played a pivotal role in the bank's expansion from a single main office and one branch to at least 25 branches now, demonstrating the strength and effectiveness of the compliance culture developed under my leadership. • Contributed significantly to the establishment of a comprehensive compliance culture within the organization, which supported the bank's growth and long-term success. Deputy Compliance Officer Citystate Savings Bank Inc. (CSB) February 2012 – June 2013 • Assisted in developing and updating the Compliance Program and Plan, ensuring alignment with the Bank’s goals and strategies. • Supported the Chief Compliance Officer in coordinating the implementation of the Compliance Program for Head Office Units and domestic branches. Key Contributions: • Played a key role in maintaining regulatory compliance across the Bank, supporting the Chief Compliance Officer in strategic initiatives. • Contributed to the effective management and resolution of compliance risks. Risk Management & Compliance Analyst Bank of the Philippine Islands December 2006 – January 2012 • Supported the overall research and due diligence process to mitigate the impact of fraud and corruption. • Played a role in enhancing the Bank’s overall compliance infrastructure. Key Contributions: • Contributed to the Bank's compliance efforts by supporting due diligence practices and risk management processes. • Played a role in enhancing the Bank’s overall compliance infrastructure. Portfolio Analyst BPI Trust Department April 2005 – December 2006 • Transitioned to the BPI Trust Department following the merger with Prudential Bank, where I continued to manage and oversee trust investments and ensure compliance with BPI’s regulatory standards. • Played a vital role in aligning trust operations with BPI’s strategic goals and compliance framework. Key Contributions: • Successfully integrated Prudential Bank’s trust operations into BPI’s structure, ensuring continuity and compliance with regulatory standards. • Contributed to the enhancement of trust investment strategies, aligning them with BPI’s broader business objectives. Trust Investment Supervisor Prudential Bank January 1992 – April 2005 • Began my career in the Trust Department of Prudential Bank, focusing on investment banking, portfolio analysis, and ensuring compliance with banking regulations and internal policies. • Played a crucial role during the merger of Prudential Bank with BPI in 2005, ensuring a smooth transition of compliance functions and alignment of policies with BPI’s standards. Key Contributions: • Assisted in the alignment and integration of Prudential Bank’s compliance procedures with those of BPI, ensuring regulatory adherence during and after the merger. • Developed a solid foundation in regulatory compliance and risk management, which paved the way for my future roles in the banking industry. RELEVANT TRAINING SUMMARY 1. Anti-Money Laundering (AML) and Regulatory Compliance: • Training: "Sanctions Masterclass - Exploring the Intersection of Ransomware, Crypto, and Sanctions Risks" Details: This webinar provided comprehensive insights into AML challenges, particularly in the context of emerging technologies like ransomware and cryptocurrency. It emphasized the need for robust AML strategies that are tightly integrated with regulatory compliance to mitigate risks effectively in financial operations. 2. Benchmarking and External Audits in AML and Compliance: • Training: "The Future of Transaction Monitoring" Details: Participated in this session, which covered benchmarking techniques for transaction monitoring systems. The focus was on ensuring that AML and compliance practices are not only competitive but also adhere to the latest regulatory standards, enhancing the effectiveness of external audits. 3. Incident Management and Regulatory Compliance: • Training: "Masterclass: Overcoming Language Barriers in Financial Crime Investigations" Details: This training emphasized managing incidents in a multinational context, crucial for compliance with international regulatory requirements. It provided strategies for handling financial crime investigations, ensuring that responses are aligned with both AML laws and broader regulatory frameworks. 4. Incident Response and Regulatory Reporting: • Training: "Collaborative Frameworks: Helping Financial Institutions Fight Financial Crime" Details: This course offered strategies for effective incident response, focusing on collaboration and rapid action in the face of financial crime. It also covered the importance of regulatory reporting, ensuring that all incidents are handled in compliance with relevant AML and regulatory standards. 5. KYC Verification and Legal Compliance: • Training: "It’s Not KYC: The Truth About Identity Verification" Details: This webinar provided advanced techniques in KYC verification, crucial for both AML and legal compliance. It highlighted the importance of ensuring that customer identification processes meet the highest regulatory standards, preventing financial crimes effectively. 6. Policy Development and Regulatory Adherence: • Training: "Deploying the Enterprise-wide Risk Assessment to Drive and Demonstrate a Strong Culture of Compliance" Details: Focused on developing policies that align with regulatory requirements, this course provided methodologies for creating and revising compliance policies. It ensured that these policies support both AML objectives and broader regulatory adherence across the organization. 7. Regulatory Compliance and Sanctions Management: • Training: "Sanctions Monthly Update: Russia Proliferation Financing and Ransomware" Details: This session provided the latest updates on sanctions and their implications for regulatory compliance. The training equipped me with the knowledge to navigate complex sanction-related regulations, ensuring that AML efforts are integrated with overall compliance strategies. 8. Security Risk Management in AML Context: • Training: "Parsing Treasury’s DeFi Illicit Finance Risk Assessment with Under Secretary Brian E. Nelson" Details: Attended this webinar, which focused on the unique security risks posed by decentralized finance (DeFi). It provided insights into how these risks intersect with AML requirements and regulatory compliance, ensuring a comprehensive approach to financial crime prevention. 9. Regulatory Frameworks and Compliance Strategy: • Training: "Implementing FinCEN’s National Priorities: How Effective is Your AML-CFT Program" Details: This session focused on aligning AML/CFT programs with national priorities and regulatory frameworks. The course provided strategic insights into developing compliance strategies that meet both regulatory demands and organizational goals. 10. Third-Party Risk and Compliance Oversight: • Training: "The Risk List: Components That Regulators Are Looking for in Your RA Program" Details: This training covered the essential components that regulators expect in risk assessment (RA) programs, with a focus on third-party risk management. It provided the tools necessary to oversee third-party compliance with regulatory standards, ensuring comprehensive risk mitigation. PERSONAL INFORMATION • Education: Bachelor of Science in Accountancy – Philippine School of Business Administration, Manila, 1992 • Birthday: January 30, 1972 • Status: Married with 3 children • Religion: Catholic • References: Available upon request