Model Risk Management Officer

As a Model Risk Management Officer, you will strengthen risk governance by validating risk models and conducting audits across business units. The role includes ensuring compliance with audit and regulatory standards, supporting investigations, identifying process improvements, and delivering analytical insights for sound decision-making. This position offers strong exposure to risk management, collaboration, and career growth within a dynamic banking environment.

MODEL RISK MANAGEMENT OFFICER

Salary: Competitive and based on experience
Location: Makati

Keywords: model validation, risk management, internal audit, quantitative analysis, regulatory standards, career development, training opportunities, hybrid work arrangement

A leading universal bank in the Philippines is seeking a Model Risk Management Officer to join its highly engaged Internal Audit Team based in Makati City. This is an exceptional opportunity for experienced professionals who are passionate about risk model validation and internal auditing, offering a hybrid work arrangement that supports both flexibility and collaboration. The organisation is renowned for its commitment to employee growth, providing robust career development pathways, comprehensive training programmes, and performance-based recognition. As part of a team that values teamwork, individual initiative, and continuous improvement, you will play a pivotal role in ensuring the integrity and relevance of risk models while contributing to a culture that bridges the gap between ambition and achievement.

* Enjoy a hybrid work setup in Makati City, combining the benefits of remote flexibility with on-site collaboration for optimal work-life balance.
* Access structured career progression paths, ongoing training opportunities, and mentorship from industry experts to support your professional growth.
* Be recognised for your contributions through performance-based incentives and participate in a workplace that values teamwork, knowledge sharing, and personal development.

What you'll do:

As a Model Risk Management Officer, you will be at the forefront of safeguarding the organisation’s financial integrity by validating complex risk models and conducting comprehensive audits across various business units. Your day-to-day responsibilities will involve collaborating closely with colleagues to ensure that all audit activities meet rigorous professional standards while proactively identifying areas for process enhancement. You will also play a key role in special investigations when required, applying your analytical expertise to uncover insights that drive informed decision-making. Success in this position requires not only technical proficiency but also a collaborative spirit and a commitment to upholding ethical standards. By joining this team, you will contribute directly to maintaining robust risk management frameworks while enjoying opportunities for personal growth and professional advancement.

* Conduct regular, focused, and spot audits of business units as outlined in the annual audit work plan, ensuring thorough coverage and compliance with established procedures.
* Supervise audit activities within assigned areas, providing guidance to team members and ensuring high-quality execution of audit tasks.
* Perform independent validation and periodic reviews of risk models to confirm their continued relevance and effectiveness for the bank’s operations.
* Undertake special or fraud investigations as assigned by section or department leadership, documenting findings comprehensively.
* Ensure all audit reviews adhere strictly to internal auditing standards such as those set by the Institute of Internal Auditors International Standards for the Professional Practice of Internal Auditing.
* Incorporate supplemental standards issued by regulatory authorities or government agencies into audit processes as required.
* Maintain strict adherence to ethical codes relevant to internal auditing practices throughout all assignments.
* Conduct preliminary risk assessments for Model Validation or Audit projects, preparing detailed Pre-Planning Memos to inform subsequent activities.
* Document all audit processes meticulously to ensure transparency and facilitate future reference or review by stakeholders.

What you bring:

The ideal candidate for the Model Risk Management Officer role brings proven expertise in quantitative analysis combined with substantial experience validating or developing financial risk models. Your educational background equips you with the theoretical knowledge necessary for sophisticated model evaluation, while your practical experience ensures you can apply these concepts effectively within real-world banking contexts. You are adept at navigating regulatory requirements and internal standards, ensuring every audit meets stringent quality benchmarks. Your ability to document findings thoroughly supports transparency across all projects. In addition to technical acumen, your interpersonal strengths enable you to collaborate seamlessly with colleagues from diverse backgrounds—contributing positively to team objectives. Your commitment to ethical conduct underpins every aspect of your work, making you a trusted partner in upholding organisational integrity.

* Hold a Bachelor’s degree in Mathematics, Statistics, Applied Statistics, or Applied Economics from a reputable institution, demonstrating strong academic foundations in quantitative disciplines.
* Possess at least five years of hands-on experience in model validation or development within banking or financial services environments.
* Demonstrate deep knowledge of various risk modelling techniques related to trading activities, liquidity management, and expected credit losses assessment.
* Exhibit advanced quantitative and analytical skills essential for evaluating complex financial models and interpreting large data sets accurately.
* Show familiarity with international internal auditing standards as well as supplemental guidelines issued by regulatory bodies or government agencies.
* Display excellent documentation abilities to record audit processes clearly and maintain comprehensive records for future reference.
* Bring strong interpersonal skills that foster effective collaboration within teams and facilitate productive communication with stakeholders at all levels.
* Demonstrate adaptability in managing multiple priorities within dynamic environments while maintaining attention to detail throughout each assignment.
* Uphold high ethical standards consistently in all professional interactions and decision-making processes.

What sets this company apart:

This organisation stands out as one of the most respected universal banks in the Philippines due to its unwavering dedication to employee empowerment and holistic development. Employees benefit from access to industry-leading training programmes designed to enhance both technical capabilities and soft skills. The company fosters an inclusive environment where teamwork is celebrated alongside individual initiative—ensuring everyone has the support needed to achieve their goals. Performance-based incentives recognise outstanding contributions while structured career progression paths provide clear direction for advancement. Mentorship from seasoned professionals further enriches your learning journey. With flexible working arrangements that promote work-life harmony and a culture rooted in respect, collaboration, and shared success, this is an employer committed not just to business excellence but also to nurturing talent at every stage of your career.

What's next:

If you are ready to take your expertise in model risk management and internal auditing to new heights within an empowering environment, this is your chance to make a meaningful impact.

Apply today by clicking on the link provided—your next career milestone awaits!

Due to the high volume of applications we are experiencing, our team will only be in touch with you if your application is shortlisted.