Duties and Responsibilities:
- Conducts compliance audits of Trading Participants, including both Brokering Units and Dealing Units, to ensure adherence to securities laws and regulations, SEC rules and issuances, PDEx rules and operating procedures, relevant industry practices and global standards.
- Evaluates the adequacy of controls, governance practices, and operational procedures of Trading Participants to ensure compliance with regulatory requirements and market conduct standards.
- Plans and executes SRO compliance audit programs in accordance with the approved audit plan and risk-based audit methodology.
- Performs risk assessments to identify key regulatory, operational, and compliance risks relevant to PDEx and Trading Participants.
- Determines audit scope, objectives, and priorities based on risk assessments and regulatory developments.
- Prepares and updates audit programs, work plans, and audit documentation to ensure systematic and disciplined audit execution.
- Executes the completion of all phases of the audit process for assigned audits to the required Group and PDEx standards.
- Evaluates compliance of auditees to securities laws, rules and regulations.
- Determines the focus of SRO auditing efforts.
- Analyzes and recommends process improvements in critical areas of the regulatory unit in relation to audit.
- Works with management as they develop action plans which adequately address audit issues and concerns.
- Facilitates the reporting of critical issues to the management, and the MCEC to expedite resolutions for critical issues.
- Plans periodic and special audits; performs audits as the team leader or as a member.
- Communicates with auditees and management during and after the audit, discussing deficiencies, corrective action and suggestions for improvements of internal controls
- Prepares reports of audit results based on the outcome of conducted audit programs.
- Develops and enhances audit processes, procedures and/or systems to maximize efficiency including but not limited to automation or digitalization of processes
- Liaises with the outsourced Audit provider, Consultant, Resource Persons, Associated Persons, Salesmen and other personnel of the Trading Participants and the different departments of PDEx and the regulatory agencies for completion of Audit programs.
- Performs other tasks or special audit assignments as may be required in support of PDEx's regulatory and SRO functions.
Educational background:
College Graduate of Internal Audit or Accountancy with Treasury Certification Program
Related Previous Work Experience:
At least four (4) years background in compliance role or Auditing in Financial Institution
Core Competencies:
- Ability to perform audits in accordance with accounting and auditing standards.
- Ability to work independently and in a group.
- Ability to thoroughly document audit work in accordance with professional auditing standards. This includes documentation of work performed, conclusions reached, audit issues found, and recommendations.
- Basic knowledge of fraud investigation techniques.
- The ability to handle sensitive or delicate situations confidentially and in a professional manner.
- An understanding of audit planning and workflow management.
- Working knowledge of and familiarity with Securities Regulation Code of the Philippines
- Excellent interpersonal and communication skills.
