Michael De Los Santos
About Michael De Los Santos
Michael De Los Santos serves as the Director of Regulatory Affairs at PayMongo, where he has played a key role in enhancing corporate governance and compliance initiatives. He has extensive experience in regulatory affairs and compliance across various financial institutions in the Philippines.
Work at PayMongo
Michael De Los Santos serves as the Director of Regulatory Affairs at PayMongo since 2022. In this role, he has been instrumental in enhancing the company's Corporate Governance Charter and Manual. He has created and managed a company-wide Compliance Transformation initiative, ensuring adherence to regulatory standards. Michael has also developed PayMongo's Compliance Manual, which outlines the organization's Compliance Risk Management Framework and Systems. He works closely with the Board, Senior Management, and Officers to navigate various regulatory laws and requirements, and has implemented a Compliance Testing Program based on best practices.
Education and Expertise
Michael De Los Santos earned a Bachelor's degree in Management of Financial Institutions from De La Salle University, completing his studies from 2004 to 2008. His educational background provides a solid foundation for his expertise in regulatory affairs and compliance within the financial sector. He has extensive experience in anti-money laundering (AML) compliance and regulatory innovation, particularly in financial inclusion and online payment services.
Background
Prior to his current position at PayMongo, Michael De Los Santos held various roles in compliance across several financial institutions. He worked as an AML Compliance Officer at PayMaya Philippines and as a Regional Compliance Officer for Citi in the APAC region. His career also includes positions at TrueMoney Philippines and Bank of the Philippine Islands, where he focused on AML compliance. Michael began his career at JPMorgan Chase & Co. as a Transaction Processing Specialist.
Achievements
Michael De Los Santos has made significant contributions to regulatory compliance and corporate governance at PayMongo. He successfully ensured the operationalization of PayMongo's Electronic Money Issuer (EMI) license with the Bangko Sentral ng Pilipinas (BSP). He has managed Board-level reportorial requirements related to Corporate Governance, Risk Oversight, and Internal Control and Audit matters. His efforts in championing financial regulatory innovation have supported the development of online payment services and e-money initiatives.