UNIVERSITY OF SANTO TOMAS Faculty of Arts and Letters
España, Manila
A NARRATIVE REPORT OF ACCOMPLISHMENT IN THE ON-JOB-TRAINING UNDERTAKEN AT
BANGKO SENTRAL NG PILIPINAS DEPARTMENT OF ECONOMIC STATISTICS
Roxas Boulevard, Manila
In Partial Fulfilment to the Requirements of the Course in Practicum
Submitted to:
Assoc. Prof. Emmanuel J. Lopez, Ph. D. Chair, Social Sciences Department
Practicum Coordinator
Submitted by: Mark Martin C. Celino
Introduction
As among the last batch of students that have undertaken the course in Practicum as part of the AB Economics Program Curriculum, I have been able to grab the opportunity to actually apply my academic training experience for three years to the workplace experience in the real world. The course has provided me the venue to further enhance my knowledge and
competencies as an economics student in my chosen field of specialization and future career objectives after Graduation. As a student trainee, I have been able to take advantage of the tools and skills I have been equipped by my intensive academic formation in the university, to be competent enough in pursuing the different opportunities available for us in the outside world to be able to contribute and actively participate in the endeavours of actual work experience. Practicum Experience
My objective was to be able to obtain an on the job training position where I can effectively apply my critical and analytical skills from my academic training experience as an economics student who has a special interest in the fields of policy and business research as well as banking and finance. With this goal in mind, I pursued my application to be a student trainee at the Bangko Sentral ng Pilipinas. Fortunately, my application was accepted by the Monetary Policy Sub-Sector (MPSS). I was assigned in the Department of Economic Statistics to be part of the Monetary and Financial Statistics Group (MFSG), Banking Sub-Group (BA) where I can best be able to contribute my knowledge and skills as student trainee as well as to personally improve in my chosen field.
I started my on-the-job training in BSP on April 18. Ma’am Jane Fabia of the
Administration Office of MPSS gave me a brief orientation regarding my 200-hour practicum under the Banking Sub-Group where I will be handled by Ma’am Mary Rose C. Espina, my Immediate Head as student trainee. I was introduced and welcomed in the Group where I met Sir Gio Obra, who stood as my Immediate Supervisor. He gave me an orientation regarding the duties and responsibilities I have been tasked as their student trainee. Below is an enumeration of the duties and responsibilities I was expected to accomplish during the schedule and duration of my practicum.
2. Assistance in the processing of Statement of Affairs (SOA) of banks under liquidation.
3. Assistance in the processing of selected accounts in the SOA which will be used as data input to matrix developed by the Risk Management Team of the Department of Economic Research (DER).
My schedule started from 8:00am and ended at 5:00pm every day. My first week at the Bangko Sentral was personally motivating and enhancing. I have been exposed to the credit report of thrift banks under the watch of BSP. I was exposed to the preparation of data for
analysis regarding the loans granted and outstanding for Savings and Mortgage Banks (SMBs) as well as Private Development Banks (PDBs). Among the credit reports of thrift banks I was asked to work on, I was able to accomplish the processing of generally data provided for the February and March of 2013. Aside from that, I was also able to observe the dynamics of organization within the central monetary authority of the Republic of the Philippines. It was indeed a privilege for me to be a part of the Bangko Sentral as a student trainee as I was also able to become
actively involved at least in a particular way to a function of Monetary Policy which is within Statistical analysis in nature.
I thought that I would be doing just the same thing for the whole duration of the
Issuances and Global Bond Issuances and Outstanding Local Currency Government Bonds and Outstanding Foreign Currency Bonds in time series. Despite the pressure of given only two days to prepare the report, this experience has really helped me develop further in my field of interest and career path as an aspiring professional economist.
Afterwards, I was also exposed to the processing of data for the January to March of 2013 National Government Treasury Bills/Bonds Authorization under Ma’am Fe. Then I was assigned to assist in the Flow of Funds Sub Group since I have already accomplished the needed TCR (Thrift Banks Credit Report) data processing in MS Excel under the Banking Sub Group. I was tasked to prepare the data for Statement of Financial Position (Balance Sheet) and Income Statements of private corporations and its subsidiaries.
Then on my last week, I was able to submit the tasks I have to accomplish to my respective supervisors. I also assisted in organizing posted bank reports and general files including the Masterlist of Filed Documents for the years 2010, 2011 and 2012. The overall experience for me was very worthwhile. I was able to be exposed on certain aspects of statistical work that is done in the Bangko Sentral. I was also able to contribute my knowledge and
competencies for the accomplishment of particular tasks in the Department. Most importantly, I was able to interact with a group of people whom I share my interests as an individual. I was able to improve my leadership skills, communication, social and economic training for career growth being able to actively work with other people and exchange of experiences one way and the other. The Practicum as a course made me more involved in the actual happenings outside the university, which trained me to apply my theoretical and academic ideals to the methodologies and specific demands of professional work.
Accomplishment and Contribution
My most important accomplishment and contribution from my practicum to the Bangko Sentral include:
My participation to the Asset Watch Presentation dealing with the Equities and Bonds Market.
Preparing the data for analysis of the National Treasury Bills/Bonds Authorization as well as the State of Financial Position and Income Statements of certain private corporations.
Competencies Gained and Learning Experience
I have gained further knowledge and skills in statistical analysis as part of the Department of Economic Statistics, particularly the role of the Bangko Sentral in regulating banks and
private corporations being assigned to both the Banking Group and Flow of Funds Sub-Group.
Impact to Field of Specialization
The on-the-job experience I have made in the Bangko Sentral served as a motivation for me to improve myself and become better as a student of economics and an aspiring professional economist of the country in the future. The impact that it has made in my field of specialization is that it contributed to my realization in the significant role that economics plays in the national development and the improvement of the standards of living of the Filipinos. In that way, it has given me more interest in the financial aspect of economics and how it relates to the
understanding and better participation of the ordinary Filipinos to the economy of the country.
Conclusion
