Business Risk Officer

Metrobank; Philippines; On-site; PHP 900,000 - 1,500,000; Full time

Job summary

Metrobank is seeking a Business Risk Officer to lead and guide the business line management in day-to-day risk responsibilities, identifying operational risks and reporting them for internal governance.

The role requires deep understanding of risk controls, strong communication and problem-solving skills, and the ability to work independently under pressure while collaborating with teams across the bank. Location is The Shops, BGC.

Qualifications

• Good understanding of operational risks and controls, preferably gained through experience in front line, operations or risk roles.
• Proven problem solving skills with ability to consider alternative and lateral solutions.
• Highly developed communication, networking and influencing skills.
• Ability to prioritize and work independently under pressure within a team environment.
• Knowledge of the changing regulatory environment.
• A sound knowledge of the business line where he/she will be assigned in terms of products, services and operations.
• Leadership, management and coaching skills.

Responsibilities

• Lead and guide the business line management and personnel in its risk management responsibilities on a day to day basis, specifically identifying, managing and reporting operational risks inherent in the products, activities, processes and systems for which they are accountable.
• Direct the implementation of the risk management framework; communicate its benefits and business value by promoting and spearheading the use of the various risk management tools.
• Conduct quality risk assessments and perform deep dive analysis to identify process and control gaps including root causes of risks.
• Ensure the business line specific policies, processes, and procedures are adequate and effectively implemented. Identify the unit’s risk management training needs and ensure appropriate education is provided
• Assist the business unit in developing risk responses, establishing risk mitigating actions and solutions and defining timetables and accountabilities. Ensure that the risk mitigation strategies and processes as approved by the board and senior management are executed.
• Determine the unit’s risk exposures, emerging risks and risks that would have an impact to other business units and communicate to Senior Management
• Regularly review identified key risks, internal scontrols and operational risk mitigation strategies and processes within the business unit to effectively manage operational risks within approved risk tolerance, and consistent with enterprise – wide policies and procedures established.
• Provide regular risk updates by preparing risk management reports for reporting to various bank level and board level committees articulating significant risk exposures that need immediate attention.
• Intervene and escalation instances when risk management efforts are hampered such as individuals attempting to stifle risk management

Skills

Operational risk

Risk assessment

Communication

Independent work

Regulatory knowledge

Business line knowledge

Leadership & coaching

Job description

Job Description:

Position Title: Business Risk Officer

Job Summary:

• Lead and guide the business line management and personnel in its risk management responsibilities on a day to day basis, specifically identifying, managing and reporting operational risks inherent in the products, activities, processes and systems for which they are accountable.

Role Exposure:

• Direct the implementation of the risk management framework; communicate its benefits and business value by promoting and spearheading the use of the various risk management tools.
• Conduct quality risk assessments and perform deep dive analysis to identify process and control gaps including root causes of risks.
• Ensure the business line specific policies, processes, and procedures are adequate and effectively implemented. Identify the unit’s risk management training needs and ensure appropriate education is provided
• Assist the business unit in developing risk responses, establishing risk mitigating actions and solutions and defining timetables and accountabilities. Ensure that the risk mitigation strategies and processes as approved by the board and senior management are executed.
• Determine the unit’s risk exposures, emerging risks and risks that would have an impact to other business units and communicate to Senior Management
• Regularly review identified key risks, internal scontrols and operational risk mitigation strategies and processes within the business unit to effectively manage operational risks within approved risk tolerance, and consistent with enterprise – wide policies and procedures established.
• Provide regular risk updates by preparing risk management reports for reporting to various bank level and board level committees articulating significant risk exposures that need immediate attention.
• Intervene and escalation instances when risk management efforts are hampered such as individuals attempting to stifle risk management

Qualifications:

• Good understanding of operational risks and controls, preferably gained through experience in front line, operations or risk roles.
• Proven problem solving skills with ability to consider alternative and lateral solutions.
• Highly developed communication, networking and influencing skills
• Ability to prioritize and work independently under pressure within a team environment
• Knowledge of the changing regulatory environment
• A sound knowledge of the business line where he/she will be assigned in terms of products, services and operations.
• Leadership, management and coaching skills

Other details:

Unit: Operations Group / Strategy Management and Support Division

Location: The Shops, BGC