Risk Analyst

JOB OVERVIEW:

1. The Risk Analyst assists the Risk Management Department in the successful implementation of the independent risk management system of the Bank.

2. The Risk Analyst is tasked to assist in evaluation of risk associated with the Banks all operations and credit activities and recommend and monitor risk controls.

3. The Risk Analyst is accountable for the preparation of essential Risk Management Reports for the bank.

4. The Risk Analyst may be assigned by the Risk Head to work within Credit Risk Management, Operational (and Regulatory) Risk Management, or assist in both as needed. Other risk-related tasks as may be assigned.

SPECIFIC DUTIES AND RESPONSIBILITIES:

A. General Responsibilities:

1. Assist the Risk Management Department on providing consultation and guidance services to other business units on credit risk ratings, impairment/reserve computations, identification of possible risk areas/concerns, and risk-related information.

2. Act as credit and operations risk oversight to identify potential negative effects of risk-taking activities.

3. Collaborate with Risk Managers to evaluate and interpret risk management data, as well as to formulate recommendations for compliance of processes and controls with industry/market practices and regulatory requirements.

4. Assists the Risk Head in special projects as may be assigned from time to time.

B. Credit Risk Management:

1. Assist in assessment of the bank's loan portfolio through comprehensive review and evaluation loan accounts quarterly, semi-annually, annually, or as necessary. This includes:

a. Ensuring the accuracy of input data and validating credit risk ratings (CRR) in accordance with the approved internal credit risk rating system (ICRRS) of the Bank.

b. Correctly interpreting and analyzing financial and credit data, coordinating with the concerned Credit Officer or Loan Manager for clarification when necessary.

c. Utilizing information from various sources, such as credit memos, reports, Committee meeting minutes, industry updates, payment history, and news updates.

d. Identifying warning signals, risk factors, critical issues, and concerns that may impact borrower repayment capacity.

e. Ensuring the completeness, accuracy, and sufficiency of provisions for loan losses.

f. Recommending credit risk mitigation measures as needed.

g. Maintaining a database that includes risk rating histories and all reviewed accounts for monitoring purposes.

2. Evaluates credit risk exposure against the limits established by the Board, Management, and regulatory requirements, and maintains a system to monitor compliance, preparing deviation reports as necessary.

C. Operational Risk Management:

1. Monitor operational risk indicators through risk tools (e.g., RCSA, Risk Register, Loss Event Report).

2. Evaluate risk-taking activities by assessing risk levels, reviewing the adequacy of risk management processes, and identifying internal practices and processes within the bank that increase operational risks.

3. Identify compliance risks and areas of potential non-compliance within the bank's operations with financial industry-specific regulations.

4. Assists in implementation and monitoring of control policies related to risk management system.

5. Maintain clear documentation of risk assessment processes and findings.

C. Monitoring and Reporting:

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1. Assist in the preparation and compilation of Risk reports, summaries, and presentations to be presented to Management and Board Level Committees periodically or as needed. This also includes assisting the Risk Head in providing reports to regulatory bodies or BSP examiners as requested during annual examinations.

2. Monitor the Bank's approved Policies and Procedures Manual (PPM) and inform management of policies that require updates by maintaining a repository.

3. Monitor contracts and outsourcing agreements of the Bank and report expiring contracts to the Audit Committee on a quarterly basis.

KEY COMPETENCIES:

1. Analytical and Critical Thinking Skills.

2. Excellent Written and Verbal Communication Skills: Ability to effectively communicate with business stakeholders and department managers.

3. Risk Assessment Capabilities: Proficiency in risk identification and evaluation.

4. Basic Financial Analysis Capabilities.

5. Computer Proficiency: esp. with Microsoft Office (WORD, Excel, PowerPoint)

6. Detail-Oriented and Results-Driven: Keen eye for detail and focuses on achieving outcomes.

7. High-level Discretionary Skills: Ability to resolve problems independently.

8. Excellent Productivity.

9. Project Management Skills: Effective organization to meet deadlines and manage projects.

10. Commitment to Continuous Learning: Displays a dedication to ongoing professional development.

QUALIFICATION GUIDELINES:

Education : Must have a bachelors degree in business or related field. Preferably the candidates are with analytical degree/major such as Finance, Accounting, Auditing, Mathematics, Statistics, or Economics. Professional certifications in risk management are a definite advantage and are highly desirable. It is also preferred if the candidate has attended seminars or training sessions related to risk management, (e.g., financial analysis) although this is not required.

Experience : The candidate should have familiarity with and good understanding of lending operations in context of a bank or similar financial institution. A minimum of 2 years of proven experience or knowledge in risk management or closely related functions, preferably in the Financial Industry is a must.

Other Qualities : Independent: Can demonstrate the ability to work autonomously and take initiative without constant supervision. Resourceful: Can contribute to effective risk management strategies. Organized: Systematic and maintain efficiency in tasks and processes. Disciplined/Committed: Shows dedication and discipline to meet demands of the role. With Good Work Attitude: Maintains an excellent work ethic. With Excellent People Skills: Maintains positive relationship with colleagues and stakeholders. Can collaborate and effectively communicate with managers and stakeholders.