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Responsible for providing guidance and advisory on risks and controls in operational risk related areas such as distribution, regulatory compliance, financial and operational processes, and systems and information security

Risk Management

• Assists the functional units in performing risk assessment of operational models and processes
• Confidently handle various stakeholders’ requests
• Provide risk oversights and challenge, as appropriate
• Perform thematic Risk and Control Assessments (RCA) review for Operational Risk related teams on top of first line’s RCA.
• Assists first line in performing Control Environment Review (CER)
• Review business case risk analysis, as appropriate
• Implement project risk governance in partnership with first line
• Review business risks inline 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 effective implementation of the framework within the Work Scope.

Governance and Regulatory Requirements  

• Submits regular report/dashboard to Head of Operational Risk
• Provide monthly report or quarterly report to Head of Operational Risk for purposes of Risk Committee meetings.
• Report status of Risk and Compliance initiatives/issues to Group Risk Management Committee (GRMC).
• Attends to the needs of the GRMC
• Ensure quality of work and reports submitted to Head of Operational Risk and management.

Training and engagement

• Conduct regular risk roadshows
• Conduct Training as needed and as required by the Head of Operational Risk

Policies and Procedures

• Assists the first line in localizing policies, standards and creation of procedure manuals by reviewing and challenging
• Provide recommendations to improve compliance with policies, standards and external requirements and continually analyzing 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 operational process taking into consideration the peculiarity of the local business.

Business engagement

• Proactively engagement 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 KRI’s, 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.

Others

• Perform activities required by Head of Operational Risk, as it arises.
• Attend (as a member) of various committees and make recommendations in a manner that shows both strategic and tactical thinking
• 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.

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