land bank of the philippines gilda e. pico president & ceo agia annual national convention...
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LAND BANK OF THE PHILIPPINES
GILDA E. PICOPresident & CEO
AGIA Annual National ConventionOctober 8, 2015
Waterfront Cebu City Hotel and Casino
Innovations and Best Practices in Internal Audit
LANDBANK was awarded by AGIA as the “Government Agency with
Innovations and/or Best Practices in Internal Audit” for CY 2013
• A government financial institution with a unique dual role
• Profits from its commercial banking operations finance the Bank’s development programs
• Financial intermediary for the Comprehensive Agrarian Reform Program
LANDBANK
• Continues to expand loan portfolio in favor of its priority sectors, which include:o Small farmers, fishers, and their
associationso Small and medium enterpriseso Agribusiness and other agri- and
environment-related projectso Socialized housing, schools & hospitals
• Major contributor to government funds – LANDBANK remitted the highest cash dividend among GOCCs this year
LANDBANK
INDUSTRY RANKING (In Billion Pesos)
ParticularsAs of June 2015
(P B)Rank
Assets 1,090.0 4
Deposits 954.3 4
Loans 414.0 4
Capital 75.0 5
NETWORK(as of June 2015)
NUMBER OF BRANCHES, EXTENSION OFFICES AND SERVICING UNITS
Branches EOs Servicing Units
Total
N-NCRBG 33 10 0 43
S-NCRBG 32 10 1 43
NLBG 39 0 0 39
CLBG 35 0 0 35
SWLBG 28 5 0 33
SELBG 34 2 0 36
WVBG 24 2 0 26
EVBG 23 5 0 28
WMBG 28 2 0 30
EMBG 35 5 0 40
TOTAL 311 41 1 353
TOTAL NUMBER OF ATMs
1404
NUMBER OF EMPLOYEES(as of June 2015)
RANK`HEAD
OFFICEFIELD UNITS
Total
Officer 492 552 1,044
Rank & File 1,529 4,907 6,436
Contractual 570 481 1,051
TOTAL 2,591 5,940
8,531
1. INTEGRITY
2. BUILDING EFFECTIVE RELATIONSHIPS
3. CONTINUOUS LEARNING
3 KEY POINTS IN GOVERNMENT IA ROLE
INTEGRITY
• ‘Guardians’ of the company’s integrityo Professional mandate to exhibit integrity,
trust, independence, and objectivityo Report on the company objectivelyo Requires more than just technical and
communication skills
• LANDBANK’s IAG employs a rigorous selection process to properly assess candidates
HOW DO WE EMPOWER OUR AUDITORS?
Develop the Competency Development Framework
Assess the current
competency level
Compare against the
desired competency
level
Prepare action plans (training,
workshop, coaching)
Determine required
resourcesSet timeline Monitor and
Evaluate
In addition to the identified trainings: Scholarship grants for graduate studies With approved budget for the Certification Programs
Certified Internal Auditor {7} Certified Information Systems Auditor {6} Certified Information Security Manager {1} Certified Fraud Examiner {1} Certified Internal Controls Auditor {2} Accredited Quality Assurance Validator {3}
To the Audit & Compliance Committee and Senior Management
1. INTEGRITY
2. BUILDING EFFECTIVE RELATIONSHIPS
3. CONTINUOUS LEARNING
3 KEY POINTS IN GOVERNMENT IA ROLE
Board of Directors
Audit & Compliance Committee
President/CEO
Internal Audit Group
REPORTING ARRANGEMENT
BUILDING EFFECTIVE RELATIONSHIPS
Conduct “Set Expectation Meeting” with management within the first quarter of each year
Undertake the Client Satisfaction Survey covering: Conduct of audit engagement Feedback on the audit team
Recognize auditees that attain “Exemplary” audit ratings by giving token cash rewards
Present to the Audit & Compliance Committee actions taken and action plans of the auditees that failed the audit
BUILDING EFFECTIVE RELATIONSHIPS Initiate the preparation of:
Internal Auditors’ Rule of Conduct Rules on Conflict of Interest for Internal
Auditors Internal Audit Group Charter and the Audit and
Compliance Committee Charter Monitor the auditee’s action plans on major
lapses/findings on a quarterly basis. Validate the Environmental Management System
(EMS) Good Practices Act as EMS Lead Auditor for the Bank’s continued
ISO 14001:2004 Certification
1. INTEGRITY
2. BUILDING EFFECTIVE RELATIONSHIPS
3. CONTINUOUS LEARNING
3 KEY POINTS IN GOVERNMENT IA ROLE
CONTINUOUS LEARNING
Provide consulting services to IT System Development Projects
o Ensure security and control measures are considered
o Risk assessment and risk mitigation are addressed
This is a noble task, a higher calling that requires integrity, relationship-building, and
continuous learning.
THANK YOU
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