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

weSource Management Consultancy Firm; Manila; Remote; PHP 170,000 - 200,000; Full time

Job summary

A leading consultancy firm is seeking a Chief Risk Officer for a remote position with a compensation package up to 200K. The role involves identifying and evaluating key risks in bank operations, drafting and updating risk management manuals, and preparing critical reports for governance committees. Successful candidates will have a deep understanding of BSP regulations, leadership experience, and strong analytical skills.

Qualifications

• Experience in credit risk analytics or extensive risk functions within a regulated bank.
• Knowledge of BSP regulations.
• Leadership in risk functions and excellent communication skills.

Responsibilities

• Identify key risk exposures and monitor them according to Basel framework.
• Draft, review, and update Risk Management manuals.
• Prepare reports for the Board and collaborate with senior management.

Skills

Credit risk analytics

BSP regulations

Mathematical analysis

Written communication

Risk management process definition

Leadership in risk functions

Risk policy review

Risk reporting mechanisms

Job description

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

About the job

Responsibilities:

1. Identify key risk exposures (e.g., market risk, liquidity risk, credit risk, technology risk, operational risk, compliance risk) and assess the extent of these risks for the bank and its operations.
2. Monitor risk exposures and determine the appropriate capital requirements according to the Basel framework and the bank's internal assessments.
3. Review client approval documents provided by partner-facing teams.
4. Review AML policies defined by partner-facing teams.
5. Contribute to credit risk management processes.
6. Draft, review, and update Risk Management manuals to align with current industry developments.
7. Prepare reports for the Board and serve as secretary to the Risk Committee, Audit, and Compliance Committees.
8. Report regularly to senior management and the board on risk assessment and monitoring results.
9. Understand regulatory requirements and implement them effectively in a partnership-based bank context.
10. Develop creative solutions to risk management challenges.

This position reports directly to the independent Risk and Audit/Compliance Committees and the Board of Directors. It operates independently of management but collaborates closely with the Head of Operations/CEO for implementation.

Metrics to monitor:

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

Required skills and qualifications:

• Experience in credit risk analytics or extensive risk functions within a regulated bank.
• Knowledge of BSP regulations related to risk management.
• Mathematical analysis skills.
• Excellent written communication skills.
• Experience defining and implementing risk management processes, including market and liquidity risk.
• Leadership in risk functions.
• Ability to review and identify gaps in current risk policies.
• Experience setting up risk reporting mechanisms for Board Committees.