Financial Risk Management Specialist

Risewave Consulting, Inc.; Philippines; On-site; PHP 1,000,000 - 1,800,000; Full time

Job summary

Risewave Consulting, Inc. is seeking a Financial Risk Management Specialist to support the Risk Management Head in implementing risk programs and policies in line with BSP guidelines.

The role involves identifying, measuring, monitoring and reporting risk as part of the second line of defense, and rolling out risk initiatives across FRM and MEUC areas. Collaboration with cross-functional teams and strong analytical skills are essential.

Qualifications

• Bachelor’s degree in Finance, Accounting, Business Management, Economics, or equivalent.
• 4+ years of experience in Financial Risk Management.
• Knowledge of trust/banking regulations and practices, risk management, information security, internal control or compliance.
• FRM or CFA certification is a plus.

Responsibilities

• Prepare, analyze and ensure completeness of financial daily risk management reports, including limits utilization.
• Prepare, analyze and ensure completeness and accuracy of monthly, quarterly and annual risk metrics, indicators, and board reports.
• Review and propose risk limits per risk management policies, ensuring BSP compliance.
• Roll out risk management initiatives across business units and ensure policy compliance.
• Promote risk awareness through training and strengthen risk culture.
• Administer the MEUC risk management database and support other governance duties.

Skills

Analytical skills

Communication skills

Cross-functional collaboration

Problem solving

4+ years Financial Risk Management

FRM/CFA certification

Education

Bachelor’s degree in Finance, Accounting, Business Management, Economics, or equivalent

Job description

• The Financial Risk Management Specialist shall assist the Risk Management Head in implementing effective risk programs, policies and processes for the management of financial risks resulting from business activities and in accordance with the Risk Management Guidelines of the BSP and with Group policies.
• The Financial Risk Management Specialist shall assist in identifying, measuring, monitoring, and reporting risk as part of the second line of defense and shall support the business in building a strong and healthy risk environment by ensuring that appropriate policies and control procedures are in place. The Risk Specialist shall also assist in rolling out risk and control initiatives across all various financial risk areas such as but not limited to Financial Risk Management (FRM) and Model and End User Computing (MEUC).

Job Responsibilities:

Management Reporting

• Prepare, analyze and ensure completeness of the various financial daily risk management reports, including limits utilization.
• Prepare, analyze and ensure completeness and accuracy of the monthly, quarterly and annual / semi-annual risk metrics & indicators, risk management (including Risk and Compliance Management Committee and Board reports) and other reports.

Governance, Oversight and Risk Management

• Review, analyze and provide recommendations on the various financial risk limits to be prescribed by risk management policies and operating guidelines ensuring compliance with local regulatory (i.e. BSP) requirements.
• Work collaboratively with others to ensure the annual review, roll-out, renewal, implementation of and compliance on the various operating guidelines.
• Assist in identifying (i.e. limit breaches) and monitoring action plans to address policy/operating guidelines non-compliance.
• Assist in the roll-out of corporate driven financial risk management initiatives for implementation in the BU.
• The position also handles financial risk management related queries and /or elevates the same to the Head – Risk Management as necessary.
• Promote risk awareness via initiatives that include risk and control trainings to strengthen the Risk Culture of the business unit.
• Assist in the development Ensures that risk based measurement and reporting metrics, including risk limits and exception reporting.

Others

• Act as an Administrator for the SLIMTC Archer particularly - MEU risk management database (MEUC)
• Other functions that may be assigned by the Head – Risk Management

Job Qualifications:

• Bachelor’s degree in Finance, Accounting, Business Management, Economics, or equivalent
• At least 4 years of relevant work experience on Financial Risk Management
• Strong grasp of trust/banking business, technical issues or trust/banking trends
• Experience on derivatives risk management, is a plus
• FRM, or CFA is a plus
• Analytical skills
• Has adequate knowledge and exposure in trust/banking regulations and practices, risk management, information security, internal control or compliance
• Good communication skills with the ability to collaborate with other teams
• Comfortable in dealing with cross-functional units
• Work collaboratively with others and influence peers and management