Business Risk And Compliance Officer

Job Summary

• To perform an independent validation/test checking of all accounts managed by Portfolio Managers, schedule, prioritize, and evaluate all reviews due for the year to determine compliance of Trust clients with various regulatory requirements prescribed by BSP and other regulatory agencies in the management of accounts and to prepare the necessary reports to the Audit and Compliance Committee/Risk Oversight Committee/Board of Directors and to the President
  
  

• To monitor completion and updating of all trust documentary requirements for managed accounts
• Keeps abreast with updates on the Bank and BSP policies as stipulated in the Anti-Money Laundering and Terrorist Financing Prevention Program (MTPP) through circulars, required seminars/programs and adheres to said policies and ensures strict implementation and consistent compliance thereto.
• To do validation/test checking of accounts reviewed
• To schedule and prioritize accounts due for review and monitor completion of the reviews
• To report to the Business Risk and Compliance Head the status of all reviews (i.e. reviews due, completed, complied, deficient documents)
• To conduct portfolio performance review, particularly on portfolio mix and return on investment and to determine whether account is being managed consistent with each individual Investment Policy Statement and in accordance with client’s risk profile as reflected in the Client Suitability Assessment
• To ensure that all submitted trust documents are duly reviewed, accomplished and authenticated by the authorized processing unit/s.
• To conduct periodic compliance/control review of trust documents to ensure validity, completeness, and accuracy of documents based on the basic documentation standards prescribed by the BSP.
• Ensure completeness, accuracy and reliability of trust documents on file;
• Ascertain that appropriate approvals and authorizations on all trust documents are properly obtained.
• Ensure that Client Suitability Assessment Forms are updated at least once every three (3) years or as necessitated by client upon notice to Portfolio Managers (PM’S) of a change in personal or financial preferences.
• Promptly identify administrative and documentary deficiencies and monitor PMs’ follow up documentary deficiencies and prepare regular reports of status.
• Promote timely correction and/or regularization of the identified documents with deficiencies and conduct regular follow up of findings and maintains tracking records for monitoring purposes.
• To examine and evaluate system records and operating procedures governing control systems in so far as administration of trust accounts and documentations are concerned not limited to the coordination with ITG for system updates to comply with any changes in BSP and compliance requirements
• Ensures compliance with applicable laws, regulatory restrictions and internal policies to achieve satisfactory audit rating.
• Prepare policies and guidelines to ensure compliance to regulatory requirements.

• Bachelor’s degree in Economics, Business, Finance, Management or related courses
• Preferably with Trust background; working knowledge of various investment markets and products