RIZAL COMMERCIAL BANKING CORPORATION

Official Job Description

Compliance and Operations Risks Officer, BCAD, SMEBG

OVERALL PURPOSE:

The Compliance and Operational Risk (COR) Officer will assist the COR Department Head in
handling the Compliance and Operational Risks concerns, reports, and requirements of the SME
Banking Group. A BCOR Officer may act as the Deputy Compliance Officer (DCO) and Deputy
Operational Risk Officer (DORO) in the absence of the COR Department Head.

ORGANIZATIONAL SCOPE

Job Title: Compliance & Operational Risks Officer

Unit / Section: N.A.
Department: Compliance & Operational Risks Department
Division: Business Control & Administration Division
Reports To: Department Head, Compliance & Operational Risk Department
Supervises: N.A

MAJOR RESPONSIBILITIES:

1. Oversee adherence of the various Lending Centers as well as the Group to applicable
banking laws, rules and regulations, and internal policies and controls;

2. Ensures that the group is updated on all new regulations/laws affecting the unit, as
disseminated by Compliance Office, and could consult the latter on new regulations to ensure
its clear interpretation and application and further cascaded to all personnel within the Group;

3. Ensures all reportorial requirements are complete and accurate and submitted on or before
due date;

4. Ensures that any findings/exceptions noted by the compliance office, internal and external
auditors, and regulators are cascaded to the concerned unit and addressed, corrected and
prevented from recurring;

5. Ensures that required quarterly certifications on compliance with anti-money laundering laws,
relevant laws and regulations, and reportorial requirements are submitted to the Compliance
Office within the deadline specified in the compliance program;

6. Together with the Dept Head, ensures that breaches or violations, if any, especially those
that will significantly impact the Bank are promptly reported to the Compliance Office for
appropriate rectification;

7. Act as alternate liaisons to Operational Risk Management Group (ORMG) activities such as
information security governance, business continuity management, financial consumer
protection and fraud risk management, and Risk Oversight Committee (ROC) directives;

8. Assists the lending units in the timely, correct and complete submission of operational risk
reports and implementation of operational risk management tools and methodologies;

9. Participate in all in-house operational risk training and ensure adequate operational risk
management knowledge by lending units; and

10. Ensure all personnel within the Group understand responsibilities with respect to operational
risk management via active participation in risk awareness activities of ORMG as mentioned
above in No. 7.
RIZAL COMMERCIAL BANKING CORPORATION
Official Job Description
Compliance and Operations Risks Officer, BCAD, SMEBG
11. Assess and ensures that the following are undertaken in the administration of accounts and
various reports under his/her control.
a. Due diligence in accordance with the Bank’s Money Laundering and Terrorist
Financing Prevention Program (MLPP) particularly on :
• Know Your Customer (KYC),
• Suspicious Transaction Monitoring,
• Records Keeping and Retention
b. Enhanced due diligence and/or appropriate measures have been undertaken on
transactions and on any knowledge associated to possible anti-money
laundering; ensures that these are investigated and reported to the Compliance
Office, if needed;
c. Take appropriate measures to correct, monitor and control risks associated to
any identified issues on non-compliance.

12. Keeps abreast of updates on the Bank and BSP policies as stipulated in the Anti Money
Laundering and Terrorist Financing Prevention Program (MLPP) through circulars, required
seminars/programs and adheres to said policies.

13. Please refer to the attached Annexes A & F on the other functions of the DORO and DCO
respectively.

INTERNAL INTERACTION:

Unit / Department / Division Purpose and Level of Interaction

SMEBG – Administrative and Ensures adherence to the Compliance, and Operational
Support Personnel, Marketing Risks standards and regulatory requirements by all
Assistants, Relationship members of the Group. Also ensures that all policy and
Managers, Center Heads, requirement updates as well as recommended corrective
Department Heads, Division actions for exceptions on Compliance, and Operational
Heads, Group Heads Risks are disseminated, and addressed by the affected
members of the Group.
Regulatory Affairs Group Consolidates and submits all certification, and reportorial
requirements for SMEBG.
Business Risk Group Consolidates and submits all reportorial requirements for
SMEBG.
Operational Risk Management Acts as Liason Officer to the ORMG in all related activities
Group and exercises.

EXTERNAL INTERACTION:

Organization / Position Purpose and Level of Interaction

BSP Ensures that findings on Compliance and Operations Risks
are addressed by the concerned CBG unit / personnel as
well as timely reporting on updates concerning said findings.

QUALIFICATION REQUIREMENTS:

Minimum Education Requirement: Bachelor’s degree in Business Administration,

Knowledge of Specific Functional Work:
Industry / Work Experience Required:
Management, Banking and Finance, Marketing,
Accounting, Economics, or Risk Management.
Knowledge of Credit and Regulatory Policies, People
Management, Risk Management
At least 1-2 years audit, banking, compliance, legal or
RIZAL COMMERCIAL BANKING CORPORATION
Official Job Description
Compliance and Operations Risks Officer, BCAD, SMEBG
risk management experience
Special Skills / Behaviors Required: Detail-oriented, Persevering, Strong-willed and with
Knowledge of Microsoft Office Applications (MS Word,
MS Excel, MS Powerpoint)

John Paulo S.J. Pineda

Prepared by:

___NERISSA C. TOLEDO__________ __15 January 2021____

Name Date

________________________________
Signature

APPROVALS:

Direct Superior: FSVP MA. ANGELA V. TINIO Date:

Name

Signature

Human Date:
Resources:
Name

Signature