JOB SUMMARY:
The primary role is to promote a strong risk culture within the organization, attend to all facets of risk and compliance matters, and serve as the group's central point of contact for the Bank's control groups, i.e. Compliance Division, Internal Audit Division, and Risk Management Division.
JOB DESCRIPTION:
- Provide an assessment to the group head regarding compliance with the relevant external and internal policies/procedures, and promote the management of risks and compliance as part of the culture of the organization.
- Function as the control group's central point of contact (POC) for the entire business group; responsible for identifying, evaluating and facilitating the management of the group's key operational, financial and regulatory risks.
- Ensure that the departments/units under his/her oversight functions completely accomplish and deliver the regular and/or ad hoc requirements and requests of the control groups, such as incident reports, management reports, BSP examination requirements, pre-audit requirements, Key Risk Indicator data, etc.
- Ensure that all the group's BSP AREF/ROEs, audit findings, compliance findings, and risk issues, are acted upon within the prescribed or committed timelines; provide accurate and timely status updates and feedback to the control groups.
- Attend trainings and meetings relative to the development and awareness of the recent and relevant regulatory requirements, latest processes and applicable risks and controls, status of the internal assessments and/or requirements, and assist with implementing these updates into the business processes.
Compliance-related tasks
- With the support of Compliance Division, maintain and update the database of banking laws and regulations, regulatory issuances relevant to the particular area/group he/she supervises, and cascades to the officers and staff updates on laws and regulations affecting the area of operations.
- Monitors and provides guidance/assistance to branches/Head Office units under his/her watch in addressing BSP findings (AREF/ROE), open ICT issues, and open CSAC issues until fully addressed, and submits status report to Compliance Division.
- Monitors/assists the Unit/Branch in complying with laws, rules and regulations prescribed by BSP, AMLC, PDIC, BIR, SEC, PDEx and other regulatory authorities.
Risk-related tasks
- Submits monthly the duly accomplished and validated control assessment checklist together with the supporting documents to the Risk Officer for review.
- Ensures timely updating of the risk management tools, such as but not limited to, the Operational and IT Risk and Control Self-Assessments (RCSA), Information Security Risk Assessment (ISRA), Business Impact Analysis (BIA), considering the latest regulatory issuances, new products and services, and emerging risks applicable to their respective units/groups. Perform Gap Analysis and create action plans to address identified gaps.
- Reviews, submits, and monitors Incident Reports (IR) applicable to his/her group using the prescribed IR template and following the OPPM on Incident Reporting and Escalation Guidelines.
Audit-related tasks
- Initiate, maintain, update and monitor on a monthly basis all audit exceptions of the branches/units under his/her watch.
- Coordinate with authorized Officers of branches/units under his/her watch to obtain monthly updates and supporting documents for actions done to resolve audit exceptions.
- Submit on a monthly basis, every third working day of the month, the accomplished audit exceptions tracking database together with supporting documents to the Auditor-In-Charge for validation
JOB QUALIFICATIONS
- Must possess solid knowledge and experience in audit, risk management, and compliance within the banking industry.
- At least five (5) years of background in branch banking operations is required.
