Head of Risk Management

OwnBank; Taguig; On-site; PHP 6,000,000 - 10,000,000; Full time

Job summary

OwnBank in the Philippines seeks a Head of Risk Management to lead the bank's risk framework, ensuring regulatory compliance and a strong risk culture. You will oversee ERM, credit risk, and capital planning, advise the Board, and drive risk governance across functions.

The role requires 8–10+ years in risk management within banking, excellent leadership, and proven ability to work with regulators and senior management on key risk issues.

Qualifications

• 8 to 10+ years of experience in risk management within banking or financial services.
• Ability to articulate risk clearly to the board and senior management.
• Strong knowledge of regulatory frameworks and risk assessment methodologies.
• Experience implementing risk management systems and tools.
• Proven leadership and ability to interact with regulators and auditors.

Responsibilities

• Oversee risk management function and support the board in risk appetite development.
• Develop and implement the bank’s ERM framework and risk appetite statement.
• Identify, assess, and monitor credit, operational, market, liquidity, and reputational risks.
• Lead risk policies, procedures, and governance structures; provide strategic risk advice.
• Establish a strong risk culture and oversee KRIs, stress testing, and capital planning.
• Collaborate with internal audit, compliance, and legal; report risk insights to leadership.
• Lead Credit Risk activities including portfolio monitoring and risk reduction actions.

Skills

Leadership

Risk management

Regulatory knowledge

Strategic thinking

Stakeholder communication

Crisis management

Education

Bachelor's degree in Finance/Economics/Business

Master's degree or FRM/PRM/CFA preferred

Tools

Risk management systems

Job description

The Head of Risk Management is responsible for developing and executing the Bank’s risk management strategy, ensuring regulatory compliance, and mitigating potential threats to financial stability and reputation. This role involves identifying and assessing risks, implementing robust controls, and fostering a culture of risk awareness throughout the Bank. The CRO oversees risk management policies, handles crisis situations, and provides senior leadership with comprehensive risk-related insights. Strong leadership, financial expertise, and extensive experience in operational and compliance risk management are essential for this role.

Responsibilities

• Be responsible for overseeing the risk management function and shall support the board of directors in the development of the risk appetite and risk appetite statement of the Bank and for translating the risk appetite into a risk limits structure.
• Propose enhancements to risk management policies, processes, and systems to ensure that the Bank’s risk management capabilities are sufficiently robust and effective to fully support strategic objectives and risk-taking activities.
• Develop and implement the bank’s enterprise risk management (ERM) framework and risk appetite statement.
• Identify, assess, and monitor potential risks including credit, operational, market, liquidity, compliance, and reputational risks.
• Lead the development of risk policies, procedures, and governance structures.
• Provide strategic risk advice to the Board of Directors and executive management.
• Establish and maintain a strong risk culture across all levels of the organization.
• Oversee stress testing, scenario analysis, and capital planning processes.
• Collaborate with internal audit, compliance, and legal teams to ensure comprehensive risk oversight.
• Monitor and report on key risk indicators (KRIs) and risk-adjusted performance metrics.
• Stay updated on emerging risks, regulatory changes, and industry best practices.
• Lead and mentor the risk management team, fostering a proactive and analytical risk management approach.
• Be responsible for leading the Credit Risk activities of the Bank, which will include:
• Managing the portfolio monitoring functions (reporting and analyzing credit risk)
• Overseeing and providing guidance to portfolio managers for each portfolio area (identifying actions to reduce portfolio risk)
• Assessing and analyzing counterparty risk
• Providing guidance in the loan product design and processes, to lower portfolio risk.
• Building credit risk tools and credit risk scorecards to lower credit risk.
• Providing guidance to the collections team, in terms of risk management

Qualifications

• Bachelor's degree in Finance, Economics, Business Administration, or a related field (Master’s degree or relevant certification such as FRM, PRM, or CFA preferred).
• 8 to 10+ years of experience in risk management within the banking or financial services industry.
• Ability to interpret and articulate risk in a clear and understandable manner and, without compromising his independence, can engage in a constructive dialogue with the board of directors, chief executive officer, and other senior management on key risk issues.
• Strong knowledge of regulatory frameworks, risk assessment methodologies, and financial markets.
• Excellent leadership, communication, and analytical skills.
• Proven ability to interact with regulators, auditors, and senior executives.
• Experience in implementing risk management systems and tools.
• Strong understanding of financial instruments, lending practices, and operational risks.