There are four support units of the oversight committees of the Board which are independent from the business activities of the Bank, to wit:

• The Risk Management Department (RMD) led by the Chief Risk Officer oversees the risk management function in the Bank. RMD assesses risks (identification of potential risks and evaluation of the potential impact of risks) and designs a risk mitigation plan (eliminate or mitigate the impact of the risk events) concerning trading, position-taking, lending, borrowing and other transactional and operational activities of the Bank. RMD reports directly to RMOC.
   
• The Internal Audit Department (IAD) led by Chief Audit Executive examines and reviews regularly the extent and quality of the Bank’s adherence to internal control policies and procedures including application and effectiveness of risk management procedures and assessment methodologies and management, financial information, and compliance systems. IAD likewise provides an independent appraisal of functional units, system and procedures of safeguarding assets and assessment of capital (in relation to the estimate of organizational risks). IAD reports directly to AuditCom.
   
• The Compliance Department led by the Chief Compliance Officer identifies/monitors all relevant laws and regulations or jurisdictions and ensures the Bank’s compliance in the said laws and regulations. Likewise, it is charged to ensure that all new or amended compliance policies are communicated and understood by all concerned banking units. The Compliance Department reports directly to the CGCOC.
   
• The Corporate Governance Officer assists the Corporate Governance & Compliance Oversight Committee on matters related to corporate governance. He/She shall oversee, promote, and ensure that accountability, fairness, and transparency in the Bank’s relationship with the Board, stockholders, customers, management, employees, regulators, and the government are effectively implemented.