Financial Risk Advisory Associate

Financial Risk Advisory Associate

Location: Makati City, Metro Manila

Work Setup: Hybrid

Work Schedule: Monday to Friday

Employment Type: Full-time

Job Summary

We are seeking a Financial Risk Advisory Associate to support financial risk management, internal controls, regulatory compliance, and advisory engagements for banks, financial institutions, and other regulated organizations.

The role will involve assessing financial and operational risks, evaluating risk management frameworks, reviewing internal controls, and assisting in the development of practical solutions to strengthen risk governance and regulatory compliance. The successful candidate will collaborate with engagement teams and client stakeholders to deliver high-quality advisory services across various financial risk and assurance projects.

Key Responsibilities

Financial Risk Management and Advisory

• Assist in conducting financial risk assessments and evaluating risk management frameworks for financial institutions and other organizations.
• Support engagements involving credit risk, market risk, liquidity risk, interest rate risk, and other relevant financial risk areas.
• Review financial risk policies, procedures, methodologies, and control frameworks to identify potential gaps and improvement opportunities.
• Assist in assessing risk exposures, risk measurement processes, and financial risk mitigation strategies.
• Support the development of practical recommendations to strengthen financial risk management and governance.

Risk and Regulatory Compliance

• Assist in reviewing compliance with applicable regulatory requirements, industry standards, and internal policies.
• Support regulatory risk assessments, independent compliance testing, and financial services advisory engagements.
• Assist in evaluating internal controls related to financial reporting, risk management, and regulatory compliance.
• Research relevant banking regulations, financial risk management practices, and regulatory developments.
• Document identified risks, control deficiencies, and recommended remediation actions.

Engagement and Assurance Support

• Participate in internal audit, risk advisory, and assurance engagements, including planning, fieldwork, testing, and documentation.
• Conduct process walkthroughs, review supporting documents, and perform control testing as required.
• Prepare working papers, financial risk analyses, reports, presentations, and other engagement deliverables.
• Collaborate with engagement teams and client stakeholders to ensure timely and accurate project completion.
• Manage multiple assignments while maintaining quality and adherence to engagement requirements.

Qualifications

• Bachelor’s degree in Accountancy, Finance, Economics, Mathematics, Statistics, Business Administration, or a related field.
• At least two (2) years of relevant professional experience in financial risk management, risk advisory, banking, financial services, internal audit, regulatory consulting, or a related field.
• Working knowledge of financial risk management principles and internal control frameworks.
• Understanding of financial risks, including credit, market, liquidity, and interest rate risk.
• Familiarity with banking operations, financial institutions, and applicable regulatory requirements is an advantage.
• Experience in risk assessments, control testing, financial analysis, 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 work effectively in a team, manage multiple assignments, and meet deadlines.

Preferred Qualifications

• CPA, CFA, FRM, CIA, or other relevant professional certification.
• Experience in a professional services firm, bank, financial institution, or financial risk management function.
• Familiarity with Bangko Sentral ng Pilipinas (BSP) regulations and banking risk management requirements.
• Exposure to financial risk models, quantitative risk analysis, stress testing, or risk reporting.
• Knowledge of governance, risk, and compliance frameworks.
• Experience with Power BI, Power Query, Alteryx, R, Python, or other relevant analytical tools.

Core Competencies

• Financial Risk Management
• Credit, Market, and Liquidity Risk
• Risk Assessment and Control Evaluation
• Regulatory Compliance
• Internal Audit and Assurance
• Financial Analysis and Reporting
• Risk Mitigation and Governance
• Analytical and Problem-Solving Skills
• Stakeholder Communication
• Engagement and Project Management