Chief Risk Officer

Tonik; Pasig; On-site; PHP 6,000,000 - 10,000,000; Full time

Job summary

Tonik Bank in the Philippines seeks a senior risk leader to design and oversee a comprehensive risk management framework aligned with regulatory requirements and strategic objectives. You will govern credit, market, operational, and liquidity risks with strong oversight of policies and KRIs.

A track record of building risk programs in regulated environments, leadership of cross-functional teams, and excellent communication with the board are essential.

Qualifications

• Bachelor's degree in finance, Economics, Business Administration, or related field. Advanced degree preferred.
• Minimum of 15 years of progressive risk management experience in banking/financial services.
• Proven leadership implementing risk management frameworks in regulated environments.
• Extensive knowledge across credit, market, operational, liquidity risk and regulatory compliance.
• Strong analytical, communication, and stakeholder collaboration skills.
• Strategic thinker with governance, risk, and control focus.

Responsibilities

• Develops and implements a comprehensive risk management framework aligned with regulatory requirements and bank strategy.
• Establishes risk policies, limits, and procedures across all departments and lines of business.
• Conducts regular risk assessments to identify, measure, and prioritize key risks.
• Implements risk monitoring processes and reports to senior management and the board.
• Oversees credit risk policies, underwriting standards, and mitigation strategies.
• Monitors loan portfolio quality and collaborates with lending teams.
• Manages operational risk controls including BCP, fraud prevention, and assessments.
• Develops resilience measures and monitors market and liquidity risks.
• Implements stress testing scenarios and contingency plans.
• Ensures regulatory compliance, reporting, capital adequacy, and AML policies.
• Serves as primary contact for regulatory examinations and audits.
• Promotes risk culture, training, and accountability across the organization.
• Prepares risk reports for the board and management, communicating key insights.

Skills

Risk management

Leadership

Regulatory knowledge

Analytical thinking

Communication

Stakeholder management

Data-driven decisions

Strategic thinking

Problem solving

Ethical conduct

Education

Bachelor's in finance/economics/business

MBA or master's in finance (preferred)

Job description

• Develops and implements a comprehensive risk management framework consistent with regulatory requirements, industry best practices, and the bank's strategic objectives.
• Establishes risk policies, limits, and procedures to ensure effective risk management across all departments and business lines.
• Conducts regular risk assessments to identify, measure, and prioritize key risks facing the bank.
• Implements robust risk monitoring processes to track and report on key risk indicators (KRIs) and ensure timely escalation of emerging risks to senior management and the board.
• Oversees credit risk policies and procedures, ensuring sound underwriting standards, portfolio management practices, and credit risk mitigation strategies.
• Monitors the quality of the loan portfolio and collaborates with lending teams to maintain appropriate credit quality.
• Manages operational risk frameworks and controls, including business continuity planning, fraud prevention, and operational risk assessments.
• Implement measures to enhance operational resilience and mitigate operational risk exposures.
• Monitors and manages market and liquidity risks, ensuring adequate liquidity buffers and effective management of interest rate risks.
• Develops stress testing scenarios and contingency plans to assess the bank's resilience to adverse market conditions.
• Ensures the bank's compliance with regulatory requirements, including reporting obligations, capital adequacy, and anti-money laundering (AML) policies.
• Serves as the primary point of contact for regulatory examinations and audits related to risk management.
• Promotes a strong risk management culture throughout the organization, fostering awareness of risk issues and accountability for risk management responsibilities.
• Provides training and guidance to employees on risk management practices and regulatory requirements.
• Prepares and presents comprehensive risk reports to the board of directors, executive management, and relevant committees.
• Communicates key risk insights, trends, and mitigation strategies to support strategic decision-making.

Qualifications:

• Bachelor's degree in finance, Economics, Business Administration, or related field. Advanced degree (e.g., MBA, master's in finance) preferred.
• Minimum of 15 years of progressive experience in risk management roles within the banking or financial services industry.
• Proven track record of leadership in implementing risk management frameworks and strategies, ideally in a complex and regulated environment.
• Extensive knowledge of credit risk, market risk, operational risk, liquidity risk, and regulatory compliance.
• Strong analytical and problem-solving skills, with the ability to analyze complex data and make data-driven decisions.
• Excellent communication and interpersonal skills, with the ability to influence and collaborate effectively with stakeholders at all levels.
• Strategic thinker with the ability to anticipate and mitigate emerging risks while supporting business growth objectives.
• Sound judgment and decision-making abilities under pressure, with a commitment to ethical conduct and integrity.
• Leadership qualities with a proactive and solutions-oriented approach.
• Resilience and adaptability to navigate a dynamic and evolving regulatory environment.
• Commitment to continuous learning and professional development in the field of risk management.
• Collaborative and inclusive leadership style, fostering teamwork, creativity, and accountability within the Product Management team.
• Wants to be challenged and looking for an entrepreneurial setup/culture.
• Passionate about making a difference in the unbanked segment.