Business Operational Risk Analyst

RCBC; Taguig; On-site; PHP 800,000 - 1,500,000; Full time

Job summary

RCBC in Manila seeks an experienced Operational Risk Manager to lead the implementation of the ORM framework across the bank and subsidiaries.

You will develop and monitor ORM tools such as RCSA, KRIs, and CST, review risks, conduct root cause analyses, and prepare risk reports for senior management. The ideal candidate has more than five years in banking operations or risk/audit, with knowledge of risk assessment methodologies and regulatory expectations.

Qualifications

• Graduate with a 4-year course; business or finance preferred.
• At least 5 years exposure to Banking Operations, Operational Risk or Audit.
• Working knowledge of risk assessment techniques and their banking application.

Responsibilities

• Develop and monitor tools for material operational risks (RCSA, KRIs, CST) for reporting to ROC.
• Contribute to ORMF policy development and ORM tool implementation.
• Review identified risks and controls across business lines and processes.
• Conduct root cause analysis for high risk areas and recommend control actions.
• Prepare meaningful risk reports showing status of ORM tool implementation by units.
• Advise on loss reporting and monitoring operational risk exposures.

Skills

Operational Risk

Risk assessment

Regulatory knowledge

Banking operations

Education

Bachelor's degree in business or finance

Tools

RCSA

KRI

CST

Job description

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