Director Of Risk Management

Overview

Director Of Risk Management – Manila (Pasig City, National Capital Region) — Salary: ₱800,000 - ₱1,200,000

Posted today

The Operational Risk Management Officer goes beyond monitoring risks. It provides leadership visibility, cross-functional exposure, and involvement in digital transformation initiatives. It's a career-building opportunity in one of the Philippines' most innovative banks.

Responsibilities:

• Support the development, enhancement, and implementation of the Operational Risk Management (ORM) framework, procedures, and systems, ensuring alignment with the Bank's size, complexity, and evolving business needs, including digital transformation and operational resilience requirements under BSP Circular 1203.
• Support the formulation and updating of policies, guidelines, and procedures relating to operational risk management, ensuring relevance to regulatory expectations and industry best practices.
• Implement and execute ORM tools (e.g., Incident Reporting, Key Risk Indicators, Risk and Control Self-Assessments (RCSA), Issue Management and Remediation), including risk assessments for new products, processes, and services across Business and Functional Units.
• Partner with 1st Line of Defense Business and Functions in the execution of the ORM Framework to bring escalated operational risk exposures back to within approved risk appetite. Review and challenge Risk Treatment Action Plans to ensure gaps are closed through sustainable solutions and recommend best practices for managing risks.
• Coordinate and collaborate with 2nd Line of Defense and 3rd Line of Defense (e.g., Compliance & Corporate Governance Group, Internal Audit Group, IT Risk Management) on operational risk-related matters to ensure integrated oversight and timely resolution of issues.
• Promote operational risk awareness and culture across the Bank by conducting focused learning sessions, awareness campaigns, and ORM training programs.
• Appraise and escalate identified risks or issues to the Team Lead, ORM Head, Risk Owners, and Chief Risk Officer, where relevant, ensuring timely and transparent communication.
• Create ORM-related reporting, data-driven management information, and presentation materials needed for Senior Management and the Operational Risk Management Committee (ORMC)/Board reporting.
• Support the team in the overall preparation and management of ORMC meetings and other governance forums as required.
• In the absence of the Team Lead or ORM Head, represent the Division in varying capacities and purpose, to the various committees of the Bank and contribute to cross-functional working groups and strategic discussions.
• Assist the team in updating write–ups and carrying out any required internal/external reports and assessments, including regulatory submissions and resilience-related requirements.
• Support IT control testing activities and contribute to the enhancement of methodologies and scripts used in evaluating IT-related risks. Familiarity with basic IT audit principles is expected.
• Perform other tasks and special projects as may be assigned by the Team Lead or ORM Head, including cross-functional initiatives that support UnionBank's customer-centric and high-reliability culture.

• At least 2 years of working experience in Risk Management, Operational Risk, Governance, Audit, or Compliance, ideally in banking or financial services.
• Strong understanding of banking operations, control processes, and resilience practices; knowledge of IT/cybersecurity and automation is a plus.
• Excellent communication and stakeholder engagement skills.
• Analytical mindset with strong problem-solving and critical thinking abilities.
• Adaptable, proactive, and able to work independently in a fast-paced setting.
• Proficient in Microsoft Office; experience with Excel, Power BI, SQL, or GRC platforms is an advantage.
• Team player with solid planning, multitasking, and organizational skills.

Posted 1 day ago

Overview:

The ideal candidate should have a strong background in risk management, solid understanding of operational processes, and the ability to effectively mitigate risk across departments. In this role, the person will be responsible for identifying, assessing, and mitigating operational risks of the Firm's clients and ensuring compliance with regulatory requirements and maintaining the highest standards.

Responsibilities:

• Identify and assess operational risk of the clients with the use of risk techniques and tools. Analyze the day-to-day operations of the clients and determine the risks that may arise from internal challenges, mismanagement and breakdowns.
• Development of the operational risk management framework, policies, procedures, and controls.
• Collaborates with the other risk management functions, such as credit, market, and liquidity risk to ensure a holistic approach to risk management.
• Helps with the manager and partner with the effectiveness of the operational risk controls and creates a report.

Qualifications:

• Bachelor's degree in Accounting, Finance, Management, Business Administration or any related field.
• Certifications in Operational Risk Management or other relevant certificates (e.g., FRM, PRM, CFA) and/or Master's Degree is a plus.
• Minimum of 3 years of experience in Operational Risk Management, with focus on internal controls, risk monitoring and reporting.
• Experience in related fields such as operations management, finance, or compliance.
• Strong understanding of regulatory requirements and industry best practices in Operational Risk Management.
• Proficient in risk assessment techniques, tools, risk mapping and scenario analysis.
• Excellent problem-solving, analytical and communication skills.
• Excellent written and oral communication skills. High proficiency in English is a must.
• Exceptional attention to detail and accuracy.
• Ability to manage multiple engagements/clients.
• Can work independently and collaboratively in a fast-paced environment.
• Excellent people management skills. Ability to build relationships, trust, manage performance and train their team.
• Proficiency in risk management software and Microsoft Office programs.

Age/Location note: Makati onsite; on-site requirement may apply per posting.

Expiry: This listing reflects multiple postings and does not indicate a final decision date.