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Operational Risk Manager (Hybrid)

UnoBank Inc. (Philippines)Taguig City, Philippines

30+ days ago

Job type

Quick Apply

Job description

The Operational Risk Manager is responsible in managing the delivery of the Bank’s operational risk management framework by identifying, measuring, assessing decisions on, monitoring, and reporting of operational risk exposures of the Bank.

Job Responsibilities :

Operational Risk Management Framework

Develop operational risk policies and standards for ORM as aligned with the regulatory minimum requirement.
Perform operational risk identification and assessment for the whole enterprise.
Execute second line of defense risk management activities through close collaboration with business units
Ensure a comprehensive identification of risk and respective mitigating controls, as well as subsequent corrective and preventive action plans to eliminate or minimize the impacts of risks.
Develop and implement an internal risk management framework that enables Risk & Control Self-Assessment (RCSA), Loss Incidents Reporting, Monitoring of Key Risk Indicators (KRIs), and perform Scenario Analysis as necessary.

Operational Risk Governance

With the support of business units, prepare the Operational Risk Management Committee (ORMC) agenda and drive the discussions during the regular ORMC Meetings.

Ensure that all material operational risks are discussed, assessed, and mitigating actions are identified, and reported to the ORMC.

Establish a network of operational risk representatives ("risk coordinators") coming from each business unit, and ensure that they are properly and regularly trained to assist the Risk Team in implementing the ORM Framework

Review all new policies and changes in policies from on ORM perspective and provide necessary inputs.

Develop a system for seamless and real time implementation of ORM issues identified by all business units for regular and updated intimation to Senior Management. The ORM Head willl be responsible owner for such a system.

Business Continuity Management

Develop BCM policies and standards as aligned with the regulatory minimum requirement

Implement the BCM Framework to ensure we have properly identified our critical functions, identify the requirements for recovery, and work with the business units to prepare necessary BCP documents

Closely collaborate with IT in terms of ensuring implementation of Disaster Recovery Plans

Ensure regular reporting of BCM agenda to the BCM Committee.

Risk Awareness Campaigns

Develop a risk awareness program to ensure all employees are trained on risk management, and key personnel are aware of their responsibilities with respect to the Three Lines of Defense model. Some programs may include new hire training, risk newsletters, risk awareness learning sessions, etc.

Reporting

Responsible for the periodic risk reporting to Senior Management.

Job Qualifications

Graduate with a bachelor’s degree

Has relevant experience in banking operations or operational risk management in financial institution is an advantage.

Excellent communication and team management skills.

Knowledge in MS Office.

Additional information :

Employment type : Full-time

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Risk Manager • Taguig City, Philippines