Job Summary
We are looking for a Risk Officer to lead the bank's enterprise risk management (ERM) function, with primary focus on credit, operational, liquidity, financial, and reputational risks, among others, across both digital and traditional banking operations.
This role will ensure a robust risk governance framework is in place, while working in coordination with specialized functions such as IT Risk, Compliance, and Fraud to provide a consolidated and enterprise-wide view of risk.
Key Responsibilities
Enterprise Risk Framework
- Develop, implement, and maintain the bank's Enterprise Risk Management (ERM) Framework
- Define risk appetite, limits, and escalation protocols
- Ensure comprehensive coverage of key risk areas:
- Credit risk
- Operational risk
- Liquidity risk
- Financial and capital risk
- Reputational and strategic risks
- Other risks
Risk Identification & Assessment
- Conduct enterprise-wide risk assessments across:
- Lending and credit processes
- Branch operations and internal processes
- Financial and treasury activities
- Digital operations (in coordination with IT Risk function)
- Maintain risk registers, risk maps, and heatmaps
Risk Monitoring & Reporting
- Develop and monitor Key Risk Indicators (KRIs) across all major risk categories
- Track and escalate risk limit breaches and emerging risks
- Prepare regular risk reports for Senior Management and Board-level committees
Credit Risk Oversight
- Review and challenge credit policies, underwriting standards, and risk limits
- Monitor loan portfolio performance, including delinquency and concentration risks
- Support stress testing and scenario analysis
Liquidity & Financial Risk Management
- Monitor liquidity positions, funding sources, and concentration risks
- Oversee asset-liability management (ALM) risks, including interest rate risk
- Support capital planning and adequacy assessments
Operational Risk & Business Continuity
- Oversee operational risk framework covering:
- Branch operations
- Process failures and internal control gaps
- Third-party/vendor risks
- Ensure alignment with Business Continuity and resilience frameworks
IT Risk Coordination
- Coordinate with the IT Risk Officer to ensure:
- IT and cyber risks are incorporated into enterprise risk reporting
- Outsourcing and cloud risks are properly assessed
- Consolidate IT risk inputs into overall risk reporting to Senior Management and the Board
Governance & Regulatory Alignment
- Ensure alignment with BSP regulations and risk governance expectations
- Support regulatory examinations and risk-related submissions
- Promote a strong risk culture across the organization
Qualifications
- Bachelor's degree in Finance, Economics, Risk Management, or related field
- 8+ years of experience in risk management within banking or financial services
- Strong knowledge of:
- Credit risk and lending practices
- Operational risk frameworks
- Liquidity and financial risk management
- Familiarity with BSP regulations (MORB) is highly preferred
- Professional certifications such as FRM, PRM, or equivalent are an advantage
Key Competencies
- Strong analytical and quantitative skills
- Enterprise-wide risk perspective
- Stakeholder management and communication
- Sound judgment and decision-making
