Operational Risk Management Officer (For Pooling)

UnionBank; Pasig; On-site; PHP 800,000 - 1,200,000; Full time

Job summary

UnionBank is seeking an Operational Risk Management Officer to support the implementation and management of the Bank’s Operational Risk Management Program. This role involves developing ORM frameworks, assisting in policy formulation, and leading risk assessments.

The ideal candidate will have a Bachelor’s degree, strong experience in Operational Risk, and excellent stakeholder management skills. Relevant certifications like CPA or Six Sigma are advantageous. The position is based in Pasig, Metro Manila.

Qualifications

• Strong experience in Operational Risk, Internal Audit, Compliance or Governance.
• Strong understanding of BSP Circular 1203 (Operational Resilience) and regulatory expectations.
• Proven experience in process review, control assessment, and risk identification with an auditor mindset.

Responsibilities

• Support the development and implementation of the Bank’s ORM framework.
• Drive the implementation and application of ORM tools including risk assessment for new products.
• Prepare ORM reports and presentation materials for Senior Management and ORMC.

Skills

Operational Risk

Internal Audit

Compliance

Stakeholder Management

Communication

Education

Bachelor’s degree in Business, Finance, Accounting or related field

Tools

Six Sigma

Risk Management Certification

Job description

The Operational Risk Management Officer provides support to the Operational Risk Management Head and/or Senior Operational Risk Officer/Team Lead in the implementation and management of the Bank’s Operational Risk Management Program.

Duties And Responsibilities

• Support the development and implementation of the Bank’s Operational Risk Management (ORM) framework, ensuring alignment with business size, complexity, and regulatory requirements.
• Assist in the formulation, review, and updating of ORM policies and procedures.
• Drive the implementation and application of ORM tools (e.g., Incident Reporting, KRIs, RCSA, IMR/RTAP), including risk assessment for new products and services.
• Lead Critical Operations Risk Assessment (CORA) activities in compliance with BSP Circular 1203.
• Lead process reviews as required by MANCOM and ORMC.
• Partner with assigned business units to ensure adherence to ORM requirements and strengthen risk controls.
• Coordinate with Compliance, Internal Audit, and other control groups on operational risk matters.
• Promote a strong risk culture through ORM trainings, URCO meetings, and awareness initiatives.
• Provide guidance and recommend best practices to business and functional units in managing operational risks.
• Escalate key risk issues to Team Lead, ORM Head, Risk Owners, and CRO, as needed.
• Prepare ORM reports and presentation materials for Senior Management and ORMC.
• Support the planning and execution of ORMC and other management meetings.
• Represent the ORM Division in committees when required, in the absence of leadership.
• Assist in preparing internal/external reports, assessments, and documentation updates.
• Perform ad hoc tasks and special projects assigned by the ORM Head or Team Lead.

Qualifications

• Bachelor’s degree in Business, Finance, Accounting, or related field
• Strong experience in Operational Risk, Internal Audit, Compliance, or Governance
• Strong understanding of BSP Circular 1203 (Operational Resilience) and regulatory expectations
• Proven experience in process review, control assessment, and risk identification with an auditor mindset
• Excellent communication and stakeholder management skills, with ability to engage senior stakeholders
• Demonstrates professional presence, credibility, and strong interpersonal skills
• CPA or business-related professional certification is an advantage
• Six Sigma certification or Risk Management certification is an advantage

JOB ID: JOB_766