Executive search firm, Monroe Consulting Group Philippines is recruiting on behalf of a fast-growing multinational bank in the Philippines. Our reputable client is looking to hire a Risk Manager who has strong experience in the risk management of a bank.
Key responsibilities include :
Risk Management Function
- Responsible for overseeing the risk management function and shall support to the Management/Board of Directors in the development of risk appetite and risk appetite statement and for translating the risk appetite into a risk limit structure.
- Propose enhancement to risk management policies, practices, and processes and systems to ensure that Bank's risk management capabilities are sufficiently robust to fully support strategic objectives and risk-taking activities
- Assess and design plans to mitigate risks, monitor the progress of risk mitigation activities, and perform Risk and Control Assessments for all risk-related items
- Conduct policy and compliance audits, review new major contracts and internal business proposal, and perform business case risk analysis
Governance and Regulatory Requirements
- Prepare regular reports/dashboards to Risk Management Committee (RMC) for purposes of monthly meetings
- Maintain and submit quality and timely reports to RMC and HO Risk Management Group, and perform other activities as may be required
- Escalate key risks and actual/potential breaches and incidents, including financial and strategic risk-related concerns, and recommend appropriate corrective actions,
- Attend Risk Management Committee meeting and other committees (as a member) and makes recommendations in a manner that shows both strategic and tactical thinking
- Liaise with internal and external auditors and regulators
Training, Engagement and others
- Pro-actively engage the business and provide advice and guidance to mitigate key risk and compliance and reputational issues
- Conduct quarterly risk awareness training for employees concerned
- Monitor relevant regulatory and industry development and initiate necessary action
Key requirements include:
- Must have relevant education and experience in risk management of a Bank
- He/she must possess the knowledge and skills necessary to oversee the Bank's risk management activities. Must have the ability to influence decisions that affect the Bank's exposure to risk. Must have the ability to interpret and articulate risk in a clear and understandable manner and without compromising his independence, can engage in a constructive dialogue with the Top Management on key risk issues
- Must have sufficient stature, authority and seniority with the Bank.
- He/she must be independent from executive functions and business line responsibilities, operations and revenue-generating functions, and have access to such information as he/she deems necessary to form his/her judgment.
- Have a direct access to the relevant Head Office Department (such as risk oversight committee) without any impediment
- Serve on a full-time basis and functionally meet/report to the Chief Risk Officer or the regional/group risk function
- He/she must have integrity/probity. In accordance with Section 134 of the MORB, in assessing an officer's integrity/probity, consideration shall be given to the officer's market reputation, observed conduct and behavior, as well as his ability to continuously comply with company policies and applicable laws and regulations, including market conduct rules, and the relevant requirements and standards of any regulatory body
- He/she is continually trained to face up to the increasing complexity and diversity of the Bank's operations.
- Does not hold any concurrent directorship or officership with another bank, quasi-bank or non-banking financial institution.
- He/she possesses none of the disqualifications provided under section 138 of the MORB
