Financial Service Risk Management Consultant

Location: Makati City, Metro Manila
Work Setup: Hybrid
Work Schedule: Monday to Friday
Employment Type: Full-time

Job Summary

We are seeking a Financial Service Risk Management Consultant to support risk management, internal controls, regulatory compliance, and assurance engagements for banks, financial institutions, and other regulated organizations. The role involves assessing business and financial risks, evaluating internal control frameworks, identifying process and compliance gaps, and developing practical recommendations to strengthen governance and risk management practices.

The successful candidate will work closely with engagement teams and client stakeholders to deliver risk advisory projects, conduct risk assessments and control reviews, analyze business and financial data, and prepare reports and recommendations to improve organizational risk management and internal control effectiveness.

Key Responsibilities

Risk Management and Internal Controls

• Conduct risk assessments, internal control reviews, and operational risk management engagements.
• Evaluate business processes, risk management frameworks, policies, and control activities to identify gaps and improvement opportunities.
• Support the design, documentation, and assessment of internal controls and risk mitigation strategies.
• Identify control deficiencies, process inefficiencies, and emerging risks, and recommend practical corrective actions.
• Assess 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.
• Review compliance with applicable laws, regulations, industry standards, and internal policies.
• Participate in regulatory compliance assessments, independent compliance testing, and risk management reviews.
• Assist in engagements involving financial risk management, operational risk, internal audit, and regulatory requirements.
• Research and interpret relevant regulatory developments and industry practices.

Audit and Assurance Support

• Participate in internal audit and risk-based assurance engagements, including planning, fieldwork, testing, and documentation.
• Perform process walkthroughs, control testing, substantive procedures, and evidence evaluation.
• Document findings, assess identified risks, and develop recommendations for remediation.
• Prepare risk assessment reports, working papers, presentations, and other engagement deliverables.

Data Analysis and Engagement Delivery

• Gather, validate, and analyze business, financial, and operational data to support risk assessments.
• Use Microsoft Excel and other analytics tools to identify trends, exceptions, and potential control issues.
• Collaborate with engagement teams, data analytics specialists, and client representatives to deliver quality outputs.
• Manage multiple assignments, meet project deadlines, and maintain high-quality work standards.
• Participate in client meetings and discussions concerning risk management, internal controls, and compliance 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, financial services, internal audit, 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.
• Experience in risk assessments, control testing, internal audit procedures, or compliance reviews.
• Familiarity with banking operations, financial institutions, or regulatory requirements is an advantage.
• Proficiency in Microsoft Excel and other Microsoft Office applications.
• Strong analytical, critical-thinking, problem-solving, and communication skills.
• Ability to prepare clear reports, working papers, and presentations and manage multiple assignments effectively.

Preferred Qualifications

• CPA, CIA, CISA, CRMA, or other relevant professional certification.
• Experience in a professional services firm, bank, financial institution, or risk and 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 COSO, ISO 31000, COBIT, or similar risk and control frameworks.
• Experience with Power BI, Power Query, Alteryx, Power Automate, or other analytics and automation tools.
• Exposure to AML, Data Privacy, SOX compliance, or specialized regulatory advisory engagements.

Core Competencies

• Financial Services Risk Management
• Risk Assessment and Mitigation
• Internal Controls and Assurance
• Governance, Risk, and Compliance
• Regulatory Compliance
• Internal Audit and Control Testing
• Business Process Review
• Data Analysis and Reporting
• Process Improvement
• Stakeholder Communication and Engagement Management