Operational Risk Management Director

5 days ago


Davao City, Davao, Philippines East West Rural Bank, Inc. Full time

Job Purpose

This role is responsible for overseeing the operational risk management framework of East West Rural Bank, Inc. The successful candidate will be accountable for managing the bank's overall operational risk and providing strategic assistance to the Risk Management Division Leader in developing and implementing an effective operational risk management strategy.

The operational risk management framework includes identifying, assessing, and mitigating risks that could impact the bank's operations, reputation, and financial stability. This involves collaborating with various stakeholders, including business units, risk management teams, and external partners, to ensure that risk management practices are aligned with the bank's risk appetite and tolerance.

Broadly speaking, this role involves:

  • Risk Identification and Assessment: Identifying potential operational risks and assessing their likelihood and potential impact on the bank.
  • Risk Mitigation and Control: Implementing controls and mitigation strategies to manage operational risks and prevent or minimize their impact.
  • Risk Monitoring and Reporting: Continuously monitoring operational risks and reporting to senior management and the Board of Directors on risk exposure and trends.
  • Risk Advisory and Guidance: Providing guidance and support to business units and risk management teams on operational risk management best practices and industry standards.

Key Responsibilities

People Management

This role requires strong leadership and management skills to lead a team of risk professionals. Key responsibilities include:

  • Team Leadership: Leading and managing a team of risk professionals to achieve operational risk management objectives.
  • Talent Development: Developing and mentoring team members to enhance their skills and knowledge in operational risk management.
  • Performance Management: Conducting performance evaluations and providing feedback to team members to ensure they meet performance expectations.
Operational Risk Analysis and Monitoring

This role involves analyzing and monitoring operational risks across the bank's business units. Key responsibilities include:

  • Risk Analysis: Conducting risk analysis and assessments to identify potential operational risks and their likelihood and potential impact.
  • Risk Monitoring: Continuously monitoring operational risks and reporting to senior management and the Board of Directors on risk exposure and trends.
  • Risk Advisory: Providing guidance and support to business units and risk management teams on operational risk management best practices and industry standards.
Operational Risk Management Tools and Initiatives Deployment and Implementation

This role involves deploying and implementing operational risk management tools and initiatives across the bank. Key responsibilities include:

  • Tool Implementation: Implementing operational risk management tools and technologies to support risk identification, assessment, and mitigation.
  • Initiative Deployment: Deploying operational risk management initiatives to promote a culture of risk awareness and compliance.
Operational Risk Management Process Support

This role involves supporting the development and implementation of operational risk management processes across the bank. Key responsibilities include:

  • Process Development: Developing and implementing operational risk management processes to support risk identification, assessment, and mitigation.
  • Process Improvement: Continuously reviewing and improving operational risk management processes to ensure they remain effective and efficient.


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