Chief Risk Officer - 100% Remote - Up to 200K

weSource Management Consultancy Firm; Manila; Remote; PHP 10,575,793 - 12,925,970; Full time

Job summary

A leading consultancy firm is seeking a Chief Risk Officer for a fully remote role based in the Philippines. This pivotal position involves identifying and assessing key risk exposures, monitoring risk according to Basel regulations, and reporting results to management and the board. Candidates should have strong expertise in credit risk analytics, BSP regulations, and risk management processes. The successful applicant will lead risk functions and creatively address compliance and operational challenges, making this a critical role in an evolving regulatory landscape.

Qualifications

• Expertise in control functions with understanding of business operations.
• Experience in a regulated banking environment highly preferred.
• Proven ability to define risk management processes.

Responsibilities

• Identify key risk exposures and assess their impacts.
• Monitor risk exposures per Basel adequacy requirements.
• Report results to senior management and the board.

Skills

Credit risk analytics

Understanding BSP regulations

Mathematical analysis

Clear and concise writing

Leadership of risk functions

Job description

Chief Risk Officer - 100% Remote - Up to 200K

About the job Chief Risk Officer - 100% Remote - Up to 200K

Responsibilities:

Identifying the key risk exposures (e.g. market risk, liquidity risk, credit risk, technology risk, operational risk, compliance risk, etc.) and assessing and measuring the extent of risk exposures of the bank and its operations

• Monitoring the risk exposures and determining the corresponding capital requirement in accordance with the Basel capital adequacy framework and based on the banks internal capital adequacy assessment on an on-going basis
• Review of client approval documents provided by partner facing teams
• Review of AML policies defined by partner facing teams
• Input into credit risk management processes
• Drafting, reviewing and revising the Risk Management manuals to cope with the current developments of risk disciplines in the industry
• Board reporting
• Secretariat to the Risk Committee, Audit and Compliance Committee
• Reporting on a regular basis to senior management and to the board of directors of the results of assessment and monitoring
• Deeply understand the regulatory requirements and understand what specifically will be required to implement these requirements in the case of a partnership based bank.
• Creatively find solutions

As per regulation, this position will report directly to the independent Risk and Audit / Compliance Committees/ BOD. The position will be independent of the Management but will work closely with the Head of Operations / CEO in the implementation of the responsibilities.

Metrics to monitor

• BSP assessment of the bank's performance (BSP rating)
• Feedback from partner-facing teams

Required skills and qualifications

This position requires expertise in control functions, while also understanding the implications of these functions on business operations to ensure the functions are implemented in a client-friendly manner.

The specific areas of expertise seen in the candidate will include:

• Experience of credit risk analytics, or deep experience in risk functions in a regulated bank
• Expertise of BSP regulations in Risk Management areas
• Mathematical analysis experience
• Clear and concise writing
• Definition of risk management processes, including
• Market and liquidity risk
• Leadership of risk functions
• Review current risk policies, and identify gaps in the overall framework
• Set up risk reporting, reporting to Board Committees