Trust Legal Officer

Job Summary

• Provides legal support and assistance in the management of legal and documentation risk by providing immediate and competent legal service (i.e. regulatory compliance, documentation review and draftsmanship, contract negotiation, legal [including tax matters] opinion/advice, liaison with government regulatory agencies) and handling of litigation cases specific to the requirements of RCBC Trust Corporation.
  
  

• Provides legal support and assistance in the management of legal and documentation risk in RCBC Trust¡¦s trust, investment management and fiduciary businesses.
• Reviews existing applicable laws and regulations and provides an explanation on their applicability to and effect to the trust, investment management and fiduciary businesses. Coordinates with the Head of the Legal Affairs Division to ensure the correct implementation of and compliance with legal and regulatory requirements thereby mitigating legal and regulatory risks.
• Assists the Head of the Legal Affairs Division in formulating/drafting legal policies/procedures concerning trust products.
• Assists the Head of the Legal Affairs Division in reviewing and drafting legal documents from account opening, during its administration/operation and until its termination, loans with collaterals (mortgages, pledges, hold-out). Assists the Head of the Legal Affairs Division in developing, reviewing, and revising standard agreements for new/existing trust products and other agreements as needed.
• Provides legal/regulatory research, legal opinion/advice (including tax matters), and recommends legal resolutions on client/regulatory issues vis-a-vis the trust, investment management and fiduciary businesses.
• Provides legal support with the Trust Legal Assistant for purposes of coordinating or clarifying legal/regulatory matters affecting the trust, investment management and fiduciary businesses with the various governmental regulatory agencies
• Assists in drafting letter applications to be filed with the BIR (purposely to seek tax exemption rulings) and with the Revenue District Office (issuance of TIN, certificate of registration (COR), end-dating, TIN and COR cancellation, issuance of tax clearance) for its retirement fund clients, responses to notices of compliance, preliminary assessment notices.
• Assists the Head of the Legal Affairs Division in the handling of cases such as drafting of pleadings in relation to case filed against RCBC Trust or the claims of RCBC Trust. Following instructions from the Head of the Legal Affairs Division, attends hearings before the regional trial courts, Court of Tax Appeals, Sandiganbayan, and quasi-judicial bodies.
• Assists in filing and monitoring all letters/reports for all notices of garnishments/notices of freeze orders issued by the courts and quasi-judicial bodies.
• Attends meetings, purposely, to personally communicate to clients the legal and regulatory requirements concerning trust, investment management and fiduciary products, including the legal risks involved.
• Monitors and informs the Head of the Legal Affairs Division of newly issued applicable laws and regulations affecting the trust, investment management and fiduciary business.
• Ensures compliance with internal policies as well as various laws and regulations to achieve satisfactory audit rating.
  
  

• Bachelor of Laws and a Member of the Philippine Bar
• Working knowledge of laws and regulations such as banking, trust, investment, and fiduciary businesses, civil, commercial, taxation, remedial, labor laws, legal forms, data privacy.
• At least five (5) years industry experience as Legal Officer of a bank on contract reviews/drafting, rendering legal research, legal opinion/advice, handling civil, criminal, labor, special proceedings, tax cases, and knowledgeable of litigation procedures before regular/appellate courts, BIR and quasi-judicial bodies.