Operational Risk Consultant

The Operational Risk Consultant will be responsible for assisting the Senior Manager with Operational Risk Management
of Risk and Compliance in executing its role in the Risk Management Framework as part of the second line.

Risk Management and Compliance
✅ Assists the functional units in performing a risk assessment of operational processes
✅ Confidently handle various stakeholders’ requests
✅ Provide risk oversights and challenges, as appropriate
✅ Perform thematic Risk and Control Assessments (RCA) review for Operational Risk related teams on top of first line’s RCA.
✅ Assists the first line in performing Control Environment Assessment (CEA)
✅ Review business case risk analysis via the Risk and Compliance Assessment Template (RCAT), as appropriate
✅ Review business risks in line with emerging risks
✅ Provide overall tracking of key Operational Risks on a regular basis.
✅ Draft/review and maintain on an ongoing basis, local policies and standards to supplement the effective implementation of the framework within the Work Scope.

Governance and Regulatory Requirements
✅ Submits regular report/dashboard to Senior Manager for Operational Risk
✅ Provide monthly reports or quarterly reports to Senior Manager for Operational Risk for purposes of Risk Committee meetings.
✅ Report the status of Risk and Compliance initiatives/issues to the Group Risk Management Committee (GRMC).
✅ Attends to the needs of the GRMC Training and engagement
✅ Conduct regular risk roadshows

Policies and Procedures
✅ Provide recommendations to improve compliance with policies, standards, and external requirements and continually analyze opportunities for process optimization relating to the Work Scope above.
✅ Conduct annual gap analysis on the Group Policies vs regulations vs local policies.
✅ Localized and tailor-fit Group Policies, if needed, and embedded in an operational process taking into consideration the peculiarity of the local business.

Business engagement
✅ Proactively engage with business and provide advice/guidance to mitigate risks and any other issues.
Strengthen risk and compliance engagement to educate and increase awareness of regulatory developments
and ethics/compliance risks.
✅ Proactively monitoring relevant internal developments and regulatory & industry developments and initiating
necessary action.
✅ Provide risk and compliance subject matter expertise support to the First Line.
Reporting and escalation
✅ Escalate key risks and actual/potential non-compliance incidents to the Head of Operational Risk to ensure that
potential risks or incidents are managed effectively. Monitor implementation of corrective actions to remediate
any identified deficiencies.
✅ Ensure timely and quality reporting to Group Risk on regular basis in all relevant aspects of risk and compliance.
✅ Produce BU and Philam Group-level Operational Risk dashboard, tracking the evolution of the product risk
profile and recommend commentary/actions where advised for.
✅ Develop, compile, and report KRIs, risk exposure measures, and other relevant management information to
assist the GRMC in understanding the Operational Risk profile.
✅ Complete the BAU Operational Risk reports such as the quarterly Operational Risk pack, etc.

✅ Perform activities required by the Senior Manager for Operational Risk or superiors, as it arises.
✅ Efficiently manage and monitor open audit items from internal/external audits to ensure completion of remediation activities defined in the agreed action plans and risk treatment plans
✅ Support leadership teams to develop and expand continuous monitoring processes to assess compliance with other regulatory standards and requirements.

✅ At least 5 years of working experience, preferably in a Financial Industry.
✅ Majority of his/her experience is in Risk Management either as a first line or second-line risk practitioner

Job Category: Risk and Compliance
Job Type: Full Time
Job Location: Philippines

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