Company Description
Rizal Commercial Banking Corporation (RCBC) is one of the leading private domestic banks in the Philippines. With 60 years of experience in the banking industry, RCBC is a pillar of the community, providing a wide range of financial services to its customers. At RCBC, we continue to innovate and shape the future of our communities, families, and generations to come.
RCBC Trust Corporation is the Stand Alone Trust Corporation of the Yuchengco Group of Companies (YGC) which is largely held by PSE listed companies RCBC and House of Investments (HI). Key products and services include Investment Advisory, Estate Planning, Corporate Trusts and Agency Services, UITFs, directed and discretionary Investment Management Accounts (IMAs), Personal Management Trusts (PMTs), Retirement Fund Management, and Life Insurance Trusts among others.
Role Description
This is a full-time hybrid role for a Business Risk and Compliance Officer based in Makati, with flexibility for limited remote work weekly. The role is an an officer level opening.
The RCBC Trust BRC Officer performa an independent validation/test checking of all accounts managed by Portfolio Managers, schedule, prioritize, and evaluates 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
Responsibilities
To monitor completion and updating of all trust documentary requirements for IPMD 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 President and to the Audit and Compliance Committee/Risk Oversight Committee/Board of Directors 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 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.
To perform other functions related to ensuring compliance with BSP requirements on the management and investment of accounts that may be assigned from time to time.
Qualifications
- Bachelor’s degree in Economics, Business, Finance, Management or related courses; completion of Trust Certification course necessary; training on KYC/AMLA requirements.
- Industry / Work Experience Required: At least three (3) years industry experience in
Trust banking / asset management; working knowledge of various investment markets and products.
- Excellent communication and interpersonal skills with the ability to maintain strong relationships with internal partners
Company Description
Rizal Commercial Banking Corporation (RCBC) is one of the leading private domestic banks in the Philippines. With 60 years of experience in the banking industry, RCBC is a pillar of the community, providing a wide range of financial services to its customers. At RCBC, we continue to innovate and shape the future of our communities, families, and generations to come.
RCBC Trust Corporation is the Stand Alone Trust Corporation of the Yuchengco Group of Companies (YGC) which is largely held by PSE listed companies RCBC and House of Investments (HI). Key products and services include Investment Advisory, Estate Planning, Corporate Trusts and Agency Services, UITFs, directed and discretionary Investment Management Accounts (IMAs), Personal Management Trusts (PMTs), Retirement Fund Management, and Life Insurance Trusts among others.
Role Description
This is a full-time hybrid role for a Business Risk and Compliance Officer based in Makati, with flexibility for limited remote work weekly. The role is an an officer level opening.
The RCBC Trust BRC Officer performa an independent validation/test checking of all accounts managed by Portfolio Managers, schedule, prioritize, and evaluates 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
Responsibilities
▪ To monitor completion and updating of all trust documentary requirements for IPMD 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 President and to the Audit and Compliance Committee/Risk Oversight Committee/Board of Directors 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 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.
▪ To perform other functions related to ensuring compliance with BSP requirements on the management and investment of accounts that may be assigned from time to time.
Qualifications
- Bachelor’s degree in Economics, Business, Finance, Management or related courses; completion of Trust Certification course necessary; training on KYC/AMLA requirements.
- Industry / Work Experience Required: At least three (3) years industry experience in
Trust banking / asset management; working knowledge of various investment markets and products.
- Excellent communication and interpersonal skills with the ability to maintain strong relationships with internal partners