Business Operational Risk Analyst

RCBC; Philippines; On-site; PHP 800,000 - 1,200,000; Full time

Job summary

RCBC is seeking an experienced professional to lead the implementation of the Operational Risk Management Framework across the Bank and subsidiaries. The role supports the Head of BORD in introducing best practices and ORM tools to enhance risk and control awareness, reduce losses, and increase profitability.

Responsibilities include developing ORM policies, monitoring RCSA/KRI/CST tools, reviewing risks across lines, performing root cause analyses, and preparing management reports for ROC and

Qualifications

• Experience in risk management within banking operations or audit.
• Familiarity with ORM concepts, controls, and risk indicators.
• Ability to analyze risks, prepare reports, and communicate with senior management.

Responsibilities

• Develop and implement the ORMF, policies and tools for the Bank and subsidiaries.
• Suggest improvements to ORM techniques, methodologies and implementation plans.

Skills

Operational risk management

Risk assessment methods

Regulatory knowledge

Risk reporting

Root cause analysis

Education

Bachelor's degree in finance or business

Tools

RCSA tools

KRI frameworks

CST testing

Job description

Job Summary

Ensure implementation of Operational Risk Management (ORM) Framework across the Bank including subsidiaries. Support the Head of Business Operational Risk Department (BORD) to introduce and implement best practices on Operational Risk Management (ORM) through appropriate ORM tools thereby enabling the Bank to improve the risk and control awareness throughout the organization, minimize operational losses and increase profitability and shareholder value.

How will you contribute?

• Contribute to the development and implementation of the Operational Risks Management Framework (ORMF), policies and tools, ensuring that they are suitable for the business and the regulatory environment.
• Contribute improvement opportunities, and prepare recommendations to improve the ORM techniques, methodologies, processes and implementation strategies, where applicable.
• Develop and Monitor tools for material operational risks such as Risk Control Self Assessments (RCSA), Key Risk Indicators (KRI) and Control Sample Testing (CST) for appropriate monitoring and reporting to Senior Management, Risk Oversight Committee (ROC).
• Review identified operational risks and controls across business lines and processes of the Bank.
• Conduct root cause analysis for high risk areas and recommend control procedures and/or corrective actions, as necessary
• Prepare meaningful risk management reports to summarize results, and status on the implementation of the ORM tools by various business units
• Act in advisory or consulting capacity in loss reporting and monitoring operational risk exposures.

What will make you successful?

• Graduate of a 4-year course, preferably a business-related degree or finance
• At least 5 years exposure to Banking Operations, Operational Risk or Audit function
• Has working knowledge and experience in risk assessment techniques, methodology and its application in banking operations