Job Description
Job Summary:
Responsible for providing independent oversight for any and all activities that may
subject the Bank to risk. Drives a culture of risk awareness and data-driven decision-
making to protect the organization’s assets, reputation and sustainability while
supporting strategic objectives of the Bank. The role focuses on achieving key
outcomes that support the Bank’s long-term objectives through capital optimization,
risk articulation and accountability, informed decision-making, sustainable and resilient
operations, best practices, and regulatory compliance.
1. Effective Risk Management and Mitigation: Ensuring that all potential risks are
identified, assessed, and mitigated to protect the Bank's assets and reputation.
2. Regulatory Compliance and Policy Adherence: Full compliance with regulatory
requirements and internal policies to avoid legal and financial penalties.
3. Leadership and Development of the Risk Management Group: A highly skilled
and knowledgeable team capable of effectively managing risk.
Key Result Areas & Responsibilities
1. Risk Management and Oversight
• Lead the establishment and implementation of a Risk Management
Framework that addresses the identification, assessment, control / mitigation,
monitoring, and reporting of key risk exposures, including financial,
operational, reputational, strategic, and other material and/or emerging risks.
• Exercise oversight on the risk management function of the Bank’s subsidiaries
and affiliates, ensuring alignment of frameworks and practices as applicable.
• Foster risk accountability across the Bank
2. Capital Optimization and Risk Mitigation
• Lead initiatives for capital optimization and risk mitigation.
• Identify, assess, and monitor risks associated with capital investments,
including financial, operational, and market risks.
• Prepare detailed reports and presentations for executive leadership,
highlighting capital optimization strategies, risk assessments, and results.
3. Sustainable and Resilient Operations on Crisis management and Business
Continuity
• Promote sustainable and resilient operations by integrating risk management
practices.
• Develop and implement business continuity and disaster recovery plans to
ensure organizational resilience in the face of adverse events.
• Foster an environment of informed decision-making by providing
comprehensive risk assessments and actionable insights to senior
management and the Board of Directors.
4. Regulatory Compliance and Policy Adherence
• Ensure and monitor compliance with applicable laws, regulatory requirements
(e.g. BSP Circulars 749 & 971), and internal policies.
• Implement and update risk management policies and procedures that reduce
overall organizational risk exposure.
5. Leadership and People Development
• Provide leadership and direction to the Risk Management Group.
• Mentor and develop team members to enhance their skills and knowledge.
• Foster a culture of continuous improvement, professional growth, and
adherence to industry best practices.
• Drive succession planning initiatives within the group by identifying and
developing potential successors for critical positions, ensuring a robust talent
pipeline for future leadership needs.
6. Additional Responsibilities
• Perform other related duties as assigned to support the overall success of the
Bank.
KPI:
1. Framework development and implementation for all key material and emerging
risks
2. Documented, realizable, and time-bound mitigation plans for residual risks
identified and rated as at least “moderate”.
3. Alignment of Risk Management practice (as applicable) across the Group
4. Demonstrated progress of capital optimization initiatives
5. Frequency and quality of risk reporting to the BOD and Senior Management,
including proactive discussions of material and significant risk exposures
6. Retention or improvement of the Bank’s SAFr rating
7. Demonstrated integration and progress of sustainable and resiliency initiatives
8. % attainment of Balanced Scorecard objectives.