Operational Risk Officer

CIMB Bank Philippines; Taguig; On-site; PHP 800,000 - 1,300,000; Full time

Job summary

The Operational Risk Officer at CIMB Bank Philippines is responsible for helping and challenging the first line of defense in identifying, assessing, monitoring, and mitigating operational risks across the organization. This role ensures compliance with regulatory requirements and partners with business units to implement effective risk controls and strategies.

Key duties include advising 1LOD in risk assessments, overseeing NPAP compliance, developing KRIs and dashboards, and delivering timely

Qualifications

• Experience in identifying, assessing, monitoring, and mitigating operational risks.
• Ability to design and maintain risk policies and frameworks.
• Strong collaboration with business units and training capability.

Responsibilities

• Challenge and advise 1LOD in risk assessments across processes, systems, and third-party relationships.
• Evaluate NPAP implementation and report noncompliance to Head of Operational Risk and Chief Risk Officer.
• Develop and implement KRIs and dashboards for ongoing monitoring.
• Provide timely updates and recommendations on operational risk matters.
• Collaborate with business units to embed risk awareness and controls into daily operations; provide training and mentorship to DCOROs.

Skills

Risk assessment

KRI development

Dashboards

Regulatory compliance

Policy development

Stakeholder engagement

Training and mentorship

Root cause analysis

Job description

The Operational Risk Officer is responsible for helping and challenging the first line of defense in identifying,assessing, monitoring, and mitigating operational risks across the organization. This role ensures compliance withregulatory requirements, develops risk frameworks, and partners with business units to implement effective riskcontrols and strategies.

• Challenge and advise 1lod in risk assessments to identify potential operational risks across processes, systems, and third-party relationships.
• Evaluate and monitor the proper implementation of the New Products Approval Process (NPAP) and reportnoncompliance to the Head of Operational Risk and Chief Risk Officer.
• Develop and implement key risk indicators (KRIs) and dashboards for ongoing monitoring.
• Provide timely updates, reports, and recommendations to the Head of Operational Risk and Chief Risk Officer in all operational risk matters.

Policy & Framework Development:

• Design and maintain operational risk management policies, procedures, and frameworks aligned with industry best practices.
• Ensure compliance with internal standards and external regulatory requirements.
• Oversee root cause analysis for operational risk events and recommend corrective actions.
• Track remediation plans and ensure timely resolution.

Stakeholder Engagement:

• Collaborate with business units to embed risk awareness and controls into daily operations.
• Provide training and guidance on operational risk management practices.
• Inspire and provide mentorship, training, and proactive leadership to the Designated Compliance and Operational Risk Officers (DCOROs) in the 1st Line of Defense.