Chief Risk Officer

Private Advertiser; Metro Manila; On-site; PHP 7,000,000 - 11,000,000; Full time

Job summary

Private Advertiser in Metro Manila seeks a Chief Risk Officer responsible for the Bank's Enterprise Risk Management framework across credit, operational, fraud, liquidity and IT/technology risks. The CRO reports to the Risk Oversight Committee and Board, delivering independent, evidence-based risk insights and escalating material concerns.

Sitting within a control function, the role coordinates with Compliance, Internal Audit, and the Data Protection Officer to maintain the

Qualifications

• Bachelor's degree in Finance, Economics, Accounting, Risk Management or related field.
• 12–15 years of progressive risk management experience, incl. 5+ years in senior/head-of-risk role in a bank or BSP-supervised institution.
• Experience presenting to a Board-level risk committee and exposure to BSP examinations or supervisory engagement preferred.

Responsibilities

• Design, implement, and review the Enterprise Risk Management Framework and risk policies for endorsement by the Risk Oversight Committee and Board.
• Provide independent, evidence-based risk opinions to the Committee, Board, and CEO on strategic initiatives and material decisions.
• Lead and develop risk pillars (Credit, Operational, IT) with documented methodologies, monitoring, and reporting cadences.
• Oversee risk policies and programs across credit risk, operational risk, and IT/technology risk.
• Design and monitor KRIs across risk categories and drive mitigation actions.
• Prepare and present periodic risk reports to the Committee and Board; coordinate with BSP examinations and regulatory inquiries.
• Maintain a three-lines-of-defense model in collaboration with Compliance, Internal Audit, and Data Protection.
• Build risk capability and a risk-aware culture through training and awareness across the organization.

Skills

Risk management

Board-level communication

Regulatory knowledge

Leadership

Three-lines-of-defense

Education

Bachelor's degree in Finance/ Economics/ Accounting/ Risk Management

Master's degree or CFA/ FRM/ PRM designation (advantage)

Job description

Position Summary

The CRO is accountable for the Bank's Enterprise Risk Management (ERM) Framework — covering credit, operational, fraud, liquidity, and IT/technology risks. Reporting directly to the Risk Oversight Committee, the CRO gives the Committee and the Board an independent, evidence-based view of the Bank's risk profile against its approved risk appetite, and escalates any material breaches or emerging risks.

The role sits apart from revenue-generating and operational business units, consistent with BSP corporate governance expectations for risk management as a control function. Its dual reporting line — functional accountability to the Risk Oversight Committee, administrative coordination with the PCEO — preserves that independence while keeping the CRO integrated into executive decision-making.

Key Responsibilities

• Design, implement, and periodically review the Bank's Enterprise Risk Management Framework, risk appetite statement, and risk policies, for endorsement by the Risk Oversight Committee and approval by the Board.

• Provide independent, evidence-based risk opinions to the Risk Oversight Committee, Board, and PCEO on strategic initiatives, new products, and material business decisions ahead of approval.

• Lead and develop the Operational Risk Officer, Credit Risk Officer, and IT Risk Officer, ensuring each risk pillar has a documented methodology, monitoring routine, and reporting cadence.

• Oversee credit risk policy, underwriting standards, and portfolio quality through the Credit Risk Officer; oversee the operational risk program, including incident reporting and business continuity, through the Operational Risk Officer; and oversee technology and information security risk through the IT Risk Officer.

• Design and monitor Key Risk Indicators (KRIs) across all risk categories against approved thresholds, and work with concerned units to design and implement mitigation actions for risks that are elevated or trending toward risk appetite limits.

• Prepare and present periodic risk reports to the Risk Oversight Committee and Board, and serve as a key contact for BSP examinations and regulatory inquiries relating to risk management.

• Coordinate with Compliance, Internal Audit, and the Data Protection Officer to maintain a coherent three-lines-of-defense model across the Bank.

• Build risk management capability and risk-aware culture across the organization, including training business units on risk identification and escalation.

Qualifications

• Bachelor's degree in Finance, Economics, Accounting, Risk Management, or a related field; a Master's degree, CFA, FRM, or PRM designation is an advantage.

• At least 12–15 years of progressive risk management experience, including at least 5 years in a senior/head-of-risk role within a bank or BSP-supervised financial institution.

• Working knowledge across credit, operational, fraud, liquidity and IT/technology risk, with demonstrated depth in at least two of the three.

• Experience presenting to a Board-level risk committee and direct exposure to BSP examinations or supervisory engagement is strongly preferred.

• Must meet the qualifications, experience, and integrity requirements of the BSP Fit and Proper Rule for senior officers of a BSP-supervised financial institution, with no disqualification under applicable BSP or banking regulations.

Key Competencies

• Risk judgment and sound decision-making under ambiguity.

• Independence and the courage to escape unpopular findings.

• Business and regulatory acumen across banking and BSP requirements.

• Stakeholder influence with the Board, PCEO, business units, and regulators.

• Ability to build and develop a risk team that scales with the Bank.

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