Chief Risk Officer
The Chief Risk Officer is primarily responsible for planning, developing and directing the implementation of risk management strategies, policies, frameworks, methodologies and limits for CIMB Bank Philippines to ensure that risks undertaken are within the Board-approved Risk Appetite (in aggregate and at legal entity level). S/he oversees all aspects of the Bank’s second line of defense risk management functions and ensures effective implementation of the Group Enterprise-Wide Risk Management framework.
Key Responsibilities:
Strategy and Planning - Enhance Shareholders' Value (Financial)
i. Ensures all risks undertaken by CIMB Bank Philippines are within the approved Risk Appetite
ii. Serves as an Advisor to the CEO, Senior Management and Risk Committees of CIMB Bank Philippines to reviews and provide insightful and forward-looking views on all material areas of risk (internal, external and emerging risks that might impact CIMB Bank Philippines). Reviews and provides insightful and forward-looking views of the salient risk issues/matters of the Group to the Board of Directors, CEO and Risk Committees
iii. Covers all risks undertaken by CIMB Bank Philippines as designated by the relevant Board (legal entity, country and business division) inclusive of Credit Risk, Non-Financial Risk, Market Risk and Asset Liability Management Risk
Business Performance and Management – Internal Business Process
i. Supervises the establishment of the Bank’s risk policies’ frameworks and procedures to support the stated business strategy and to meet regulatory as well as CIMB Group’s internal requirements
ii. Oversees the planning and implementation of risk technology requirements to address both regulatory and business needs
iii. Provides accurate, timely and forward-looking risk reportin
Equip the first line of defense with the proper training and provide them with constructive challenges to better manage risks
Regulatory compliance
i. Keeps constantly abreast of market and regulatory developments that impact the Group's risk profile and capital levels and make recommendations for suitable changes as required
ii. Aligns effective risk governance to regulatory requirements and business needs
iii. Ensures CIMB Bank Philippines’ compliance with all banking laws, regulations, and internal policies and procedures as related to the role
iv. Plays a primary role in addressing requirements of local regulators with respect to risk matters of the Group
Collaborates with the leadership team, special committees, and consultants to execute strategies.