Transaction Processing and Securities Settlements Head

Primarily responsible for ensuring the accurate and timely settlement of financial transactions and corresponding corporate actions for non-local securities. The position is also responsible for ensuring a smooth workflow of activities with BDO Wealth Management units (BDO Securities, BDO Private Bank), BDO Treasury, Philippine Dealing System Holdings Corp. & Subsidiaries (PDS Group), Bureau of Treasury, custodians and various counterparties.

Duties and Responsibilities:

A. Transaction Processing and Securities Settlement

1. Ensures complete, accurate and timely settlements of Fixed Income and Mutual Fund products.
2. Monitor the daily processing of Fixed Income and Mutual Fund products.
3. Monitor the processing of Initial Public Offering of Fixed Income Listings.
4. Ensures client’s accounts are credited in Avaloq and PDS Settlements.
5. Authorizes Fixed Income transactions via PDS Clear, PDS Settle and NRoss.
6. Checks reconciliation reports such as Inventory Reconciliation Reports and/or Stock Position Reports.
7. Ensures compliance of processing procedures within guidelines/standards set by BSC, by the Unibank and other regulatory bodies.

B. General Supervision / Project Management

1. Develops strategies to achieve productivity in terms of shorter turnaround time for document processing and quick response to delivery of required data/information.
   1.1 Assesses constantly the unit’s weaknesses and capabilities to ensure faster response to problems and opportunities.
   1.2 Ensures that service delivery modes remain responsive to clients’ requirements by reviewing regularly the processes for possible innovations.
   1.3 Ensures the unit’s flexibility to respond effectively to the changing requirements of clients and the business.

2. Trains and coaches staff to be knowledgeable of the established products and operating processes thereby promoting flexibility among staff.

3. Assists in the development of product and/or policy manuals for new ventures/projects specifically in the areas of operating procedures, documentation and control functions.

4. Supports and assists other units in BDO Securities (Marketing, Sales & Trading), BDO Wealth (BDO Private Bank) for special deals/projects.

5. Encourages/motivates staff to actively participate in reviewing existing processes for possible enhancements/streamlining to improve productivity.

C. Compliance

1. Enforces compliance to internal policies and procedures as well as external regulatory agencies.
2. Responsible in preparation of replies/responses to examination comments and audit findings by internal and external auditors for areas concerning the function.

Qualifications: