POSITION SUMMARY:
Preparation of key point summary and compliance status of critical regulatory issuance and directives issued by the BSP, SEC, PDIC and other regulatory bodies as identified by the Compliance Officer.
Dissemination of statues, regulations and policies and institutionalized coaching and feedback by providing answers to regulatory questions of inquiring Bank Units, Branches and Personnel;
Conduct compliance risk assessment on policies, procedures, contracts, etc. and generate possible resolutions and recommendations on noted issues;
Perform compliance review and testing on Banks' Units and branches and from time to time conduct special compliance review on noted high risk areas or transactions;
Review conceptualization of new products and enhancement to existing ones through examination of product proposals, policies and product development documentation;
Liaison with regulatory bodies, preparation of regulatory correspondences and reports to bangko sentral ng pilipinas (BSP), Anti money laudering council (AMLC), Phil. Depository insurance (PDIC), securities and exchange commission (SEC) and other regulatory bodies on a timely basis;
Assist the compliance officer in the identification, monitoring and controlling of compliance risk and;
Perform other initiatives: (a)report and attend meetings of the Audit and Compliance Committee and departments/ units with regulatory concerns; (b)perform other related activities that may be assigned from time to time. |
