Foreign Liquidity Management Head

Job Mandate

Reporting to the Head, Liquidity Management, the Desk Head is responsible for the supervision and management of Bank’s foreign exchange liquidity, both for FCDU and Regular Books, ensures compliance to internal policies and external regulatory requirements and assists in the formulation of pricing and funding strategies on FCDU deposits and loans.

Responsibilities:

A. Foreign Currency Liquidity and Nostro Management

• Ensures that daily foreign currency funding requirements are met at all times at a reasonable cost.
• Ensures that daily foreign currency liquidity position is maintained within the mandated levels.
• Lends or borrows funds from the interbank market via money market transactions and via FX Swap in coordination FX Portfolio Management depending on the foreign exchange liquidity position of the Bank.
• Manages the Bank’s US Dollar and 3rd Currency denominated (FCDU and RBU) demand deposit accounts.
• Coordinates deposit pricing schemes with Treasury Marketing Desk and Branches to cover the Bank’s foreign exchange funding needs.
• Coordinates loan pricing schemes with Account Officers and monitors loan availments and payments.
• Coordinates with Financial Institution Group/Risk Management on approvals, extensions/renewals and changes on counterparty limits.
• Manages the foreign currency cash-in-vault of the bank in coordination with the Cash Hubs and Cash Center Head.
• Coordinates with the Branches and Trade Processing Centers with regards to their funding requirements (LCs and OTTs).
• Conducts periodic survey on peer banks USD and 3rd currency savings and time deposit rates and assists in the formulation of strategy to effectively compete with the market.
• Recommends pricing policies for foreign currency-denominated funding instruments.
• Coordinates with BDO Hongkong and Singapore Treasury on a daily basis for liquidity matters.

B. Regulatory Compliance

• Monitors compliance to the relevant BSP regulatory requirements on foreign exchange liquidity in coordination with Treasury Accounting/Risk Management/Compliance Office such as but not limited to Asset Cover, Foreign Currency Cover Requirements and FCDU Lending to RBU.

C. Administrative Functions

• Prepares MIS Reports for Liquidity Head and the Treasurer.
• Ensures the timely preparation, dissemination/submission of weekly ALCO-approved deposit and loan rate sheet/survey on peso deposit rates/report on deposit and lending rates to the BSP.
• Assists in the supervision of the domestic liquidity, including pricing of deposits and loans, as may be assigned, to ensure undisrupted operation of the division.
• Assists in the analysis of the Bank’s global FX position ensuring accurate and timely submission of pertinent reports, as maybe assigned, to ensure undisrupted operation of the division.
• Reads daily economic updates to keep oneself abreast of the current market condition/Browses the BSP’s website for updates on latest circulars that may impact foreign exchange liquidity management.
• Performs other related functions that may be assigned from time to time.

D. Operations Risk Performs the following duties as BCP Coordinator:

• Acts as point person for the implementation of BCP tools and initiatives (e.g., BIA, Write-up plan, test script, test reports) within the business / support unit.
• Ensures timely performance of unit and enterprise BCP activities (e.g., Unit and Enterprise Call Tree and BCP tests) based on ORM Calendar.
• Ensures accurate and complete submission of BCP and testing documents within communicated deadlines (based on ORM calendar and BCP policies/guidelines). Otherwise, ensures timely submission of approved Management Accepted Risk Reports (MARs).
• Ensures that any unit specific BCP related findings/observations and comments from the Mancom/RMC are included / addressed / implemented in the Unit BCP document and testing, with no recurrence of findings.
• Informs and cultivates awareness on business continuity within the business / support unit, including cascade of BCP policies and procedures, strategies and methodologies. 
• Represents his/her Group/Unit at the BCP meetings, training and discussions, as and when required.

E. Performs the following duties as ORM Coordinator:

• Act as point person for the implementation of operational risk management tools and initiatives (e.g., RCSA, KRI, loss data collection and reporting) within the business / support unit
• Ensure accurate and complete submission of RCSA and KRI documents within communicated deadlines (based on ORM calendar and RCSA/KRI guidelines)
• Ensure that any unit specific operational risk related audit findings / observations and comments from the Mancom/RMC are included in the RCSA and KRI tools, with no recurrence of findings
• Inform and cultivate awareness on operational risk within the business / support unit, including cascade of operational risk policies and procedures, strategies and methodologies
• Represent his/her Group/Unit at the Operational Risk Management Unit meetings, training and discussions, as and when required.

BDO Unibank, Inc. provides equal opportunity to all qualified candidates. Hiring decisions are based on job requirements and candidate qualifications, and shall not be influenced by any consideration  of race, color, religion, sex (including sexual orientation and gender identity), national or ethnic origin, or disability.                                                                                                                       Requisition ID: 27191