Branch Compliance Officer - GenSan

MAIN JOB ACCOUNTABILITY:

The Branch Compliance Assurance Officer (BCAO) plays a critical role in validating that branch operations and activities are conducted in compliance with internal policies and industry regulations. This role involves assessing, monitoring, and reporting on the branch's adherence to compliance standards, identifying potential risks, and collaborating with various units to implement corrective measures.

SPECIFIC RESPONSIBILITIES:

1. Performs periodic review of Branches and Branch Lite Unit's operations, processes, and activities to determine if it aligns with Bank policies and procedures
2. Performs periodic review of commitment to previous Audit, Compliance and BCAU findings to determine sustained compliance

For Items 1 and 2 above:

1. Identifies potential risks and vulnerabilities within the branch based on the onsite spot review, off site review and full review checklists considering previous Audit, Compliance Testing, Credit Risk Management review, Branch Compliance Engagement Reports among others
2. Assess the level of risks and requires the Branch/BLU to provide the root cause
3. Recommends appropriate risk mitigation strategies based on written Bank Policies and Procedures and best acceptable practices
4. Reports the result of the review to the Branch, ROH, BCAU Head
5. Monitors completion of corrective, preventive actions and status of sustained compliance
6. Identifies areas for improvement and recommends mitigation or long-term solution that contributes to the enhanced overall compliance practices, operational efficiency, and risk management, relative to the completion of the engagement
7. Competently reviews and provides assessment of:

• All accounts of High-Risk Customers.
• CASA, TD and Loan accounts per week (based on agreed count) per Product, through off-site checking of documents, access to System and generated reports. Validation of Branch/BLUs compliance using the Customer Onboarding Review Checklist.

1. Check completeness of the uploaded documents in the Customer Records Central Database.
2. Check accuracy of all data in the system versus documents submitted of covered reviews
3. Analyze the information or data submitted by the client
4. Documents result or status of compliance per account reviewed
5. Monitors branches completion (regularization) of items with incomplete documents/details; and,
6. Reports and elevates status to the ROH and BCAU Head
7. Provides support during Internal Audit, Compliance Testing, Risk Management and BSP Audit engagement through monitoring of Branches compliance on timely and complete submission of duly reviewed requirements.
8. Stays updated on industry regulations and compliance standards that may impact the branch.
9. Performs additional BOG-related responsibilities to be assigned by the Unit Head or Group Head from time to time.
10. Performs operational functions pursuant to the Bank's Business Continuity Plans upon the approval by Branch Operations Group Head.