Senior Risk Associate (Hybrid)

Senior Risk Associate (Hybrid)

Location: Makati City, Metro Manila

Work Setup: Hybrid

Work Schedule: Monday to Friday

Employment Type: Full-time

Job Summary

We are seeking a Risk Advisory Associate to support risk management, internal controls, regulatory compliance, and assurance engagements for banks, financial institutions, and other organizations. The role will involve assisting in the assessment of business and financial risks, evaluating internal control frameworks, identifying process and compliance gaps, and developing practical recommendations to strengthen organizational governance and risk management practices.

The successful candidate will work closely with engagement teams and client stakeholders to deliver risk advisory projects, prepare analyses and reports, and support the implementation of effective risk management and internal control solutions.

Key Responsibilities

Risk Management and Internal Controls

• Assist in conducting risk assessments, internal control reviews, and operational risk management engagements.
• Evaluate business processes, risk management frameworks, policies, and control activities to identify potential gaps and areas for improvement.
• Support the design, documentation, and assessment of internal controls and risk mitigation strategies.
• Identify control deficiencies, process inefficiencies, and emerging risks, and assist in developing practical recommendations.
• Assist in assessing the effectiveness of governance, risk management, and internal control frameworks.

Financial Services and Regulatory Advisory

• Support risk advisory engagements for banks, financial institutions, and other regulated organizations.
• Assist in reviewing compliance with applicable laws, regulations, industry standards, and internal policies.
• Participate in regulatory compliance assessments, independent compliance testing, and risk management reviews.
• Support engagements involving financial risk management, operational risk, internal audit, and regulatory requirements.
• Assist in researching and interpreting relevant regulatory developments and industry practices.

Audit and Assurance Support

• Assist in internal audit and risk-based assurance engagements, including planning, fieldwork, testing, and documentation.
• Perform walkthroughs, control testing, substantive procedures, and evidence evaluation as required by engagement objectives.
• Document findings, assess the impact of identified risks, and assist in preparing recommendations for remediation.
• Support the preparation of risk assessment reports, working papers, presentations, and other project deliverables.

Engagement and Data Analysis

• Gather, validate, and analyze business, financial, and operational data to support risk assessments and advisory engagements.
• Use Microsoft Excel and other relevant analytics tools to perform data analysis and identify trends, exceptions, and potential control issues.
• Collaborate with engagement teams, data analytics specialists, and client representatives to ensure accurate and timely project deliverables.
• Manage multiple assignments, meet project deadlines, and maintain high-quality work standards.
• Participate in client meetings, presentations, and discussions related to risk management and internal control matters.

Qualifications

• Bachelor’s degree in Accountancy, Finance, Business Administration, Economics, Management, or a related field.
• At least two (2) years of relevant professional experience in risk advisory, internal audit, financial services, regulatory consulting, compliance, enterprise risk management, or a related field.
• Working knowledge of risk management principles, internal controls, and business process assessment.
• Understanding of governance, risk, and compliance frameworks.
• Familiarity with financial institutions, banking operations, or regulatory requirements is an advantage.
• Experience in conducting risk assessments, control testing, internal audit procedures, or compliance reviews.
• Proficiency in Microsoft Excel and other Microsoft Office applications.
• Strong analytical, critical-thinking, and problem-solving skills.
• Good written and verbal communication skills.
• Ability to prepare clear reports, working papers, and presentations.
• Ability to work effectively with engagement teams, interact with stakeholders, and manage multiple assignments.

Preferred Qualifications

The following qualifications are advantageous but not mandatory:

• CPA or other relevant professional certification, such as CIA, CISA, or CRMA.
• Experience in a professional services firm, bank, financial institution, internal audit, risk management, or compliance function.
• Exposure to enterprise risk management, operational risk, financial risk, or regulatory risk.
• Familiarity with Bangko Sentral ng Pilipinas (BSP) regulations and banking risk management requirements.
• Knowledge of risk and control frameworks, such as COSO, ISO 31000, or COBIT.
• Experience with data analytics, process automation, or visualization tools, such as Power BI, Power Query, Alteryx, or Power Automate.
• Exposure to AML, Data Privacy, SOX compliance, or other specialized regulatory advisory engagements.

Core Competencies

• Risk Assessment and Management
• Internal Controls and Assurance
• Governance, Risk, and Compliance
• Internal Audit and Control Testing
• Regulatory Compliance
• Business Process Review
• Data Analysis and Reporting
• Risk Mitigation and Process Improvement
• Analytical and Problem-Solving Skills
• Stakeholder Communication and Engagement Management