Business Operational Risk Analyst

RCBC; Taguig; On-site; PHP 1,000,000 - 1,600,000; Full time

Job summary

RCBC is seeking an experienced risk professional to lead the Operational Risk Management (ORM) framework across the Bank and its subsidiaries. You will support the Head of Business Operational Risk Department to adopt ORM best practices using appropriate tools, thereby strengthening risk and control awareness and reducing losses.

You will develop and implement the ORMF, policies, and monitoring tools like RCSA, KRI, and CST for effective oversight by Senior Management and ROC.

Qualifications

• 4-year degree in business or finance required.
• Minimum 5 years in Banking Operations, Operational Risk or Audit.
• Experience with risk assessment techniques applicable to banking operations.

Responsibilities

• Support the Head of BORD to implement ORM best practices across the Bank and subsidiaries.
• Develop and monitor ORM framework, policies, and tools suitable for business and regulatory requirements.
• Lead development of RCSA, KRI, and CST monitoring and reporting for Senior Management and ROC.
• Review operational risks and controls across business lines; conduct root cause analyses and recommend corrective actions.

Skills

Operational Risk Management

RCSA

KRI

CST

Risk assessment techniques

Reporting

Root cause analysis

Advisory capacity

Regulatory environment

Stakeholder management

Education

4-year degree in business or finance

Tools

ORM tools

Job description

• 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.

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