Lead, Financial Risk Management

Posted 21 Days Ago
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National Capital Region
5-7 Years Experience
Fintech • Software • Financial Services
The Role
Lead, Financial Risk Management role at GCash focusing on market risk management, stress testing, forecasting, and risk assessment. Responsible for developing risk policies, implementing strategic plans, and coordinating risk initiatives. Collaborate with enterprise risk management verticals and report to FinRM Head, ERM Head, and CRO. Offer oversight in financial risk resolution and regulatory assessments. Opportunity for career growth in the leading FinTech company in the country.
Summary Generated by Built In

Do you want to take the first step in making Filipinos’ lives better everyday? Here in GCash we want to stay at the forefront of the FinTech industry by creating innovative, meaningful, and convenient financial solutions for the nation! G ka ba? Join the G Nation today!

Planning & Organization

  • Provides critical inputs related to individual work plans / areas assigned to aid in increasing awareness on risk management.
  • Develop risk policies and standards for risk management related to price volatility, stress testing, forecasting, and other market risk management tools .
  •  Implement a strategic plan to prevent, eliminate and mitigate macro / strategic market risks. 
  •  Coordinate initiatives and assessments with the other enterprise risk management verticals.

Financial Risk Management Activities

  • Perform market risk identification and assessment at the enterprise level, and as when relevant, on a per use case level and other levels of business granularity.
  • Develop and enhance frameworks on market risk management following ISO Standards, and BSP regulation across different FI types..
  • Assist in the discovery, estimation, measurement of the market risk appetite and tolerances.
  • Design and implement the market risk stress testing methodology considering the core, and the emerging markets of the enterprise.
  • Identify relevant macroeconomic variables that would be key indicators for changes in consumer payment, transfers and investment behaviors. Build the necessary database, and corresponding sourcing. Perform forecasting, and determine impact linkages with internal KPIs.
  • Define market key risk and control indicators (KRIs) and perform impact analysis. Craft report for cascade.

Enterprise Risk Management Activities

The following activities are done in support and coordination of the different verticals within the Risk Group.

  • Conduct the market risk assessments for initiatives, projects, and new products, services, and promos, ensuring new sources of volatility are added to the register and will be monitored accordingly.
  • Perform post launch assessment on the market risk impact of the initiative.
  • Formulate the project risk advisory checklist for market risk to facilitate comprehensive risk assessments
  • Coordinate and report to the FinRM Head, ERM Head, and CRO regarding results of risk reviews and assessments.
  • Assist business in documenting and in providing guidance for inputs to risk acceptances, as needed
  • Conducts reviews of policies and procedures, as needed

Governance, Reporting and Escalations

  • Craft the market risk model documentations, processes, and resulting implementation results for senior management review and approval.
  • Provides reports and updates to FinRM head for BAU Activities
  • Escalates key risks and actual/potential non-compliance incidents to respective risk owners through the FinRM Head, ERM Head and CRO to ensure that potential risks or incidents are managed effectively.
  • Provide oversight in the resolution of the financial risk callouts.
  • Perform regulatory gap assessments on market risk management, ESG considerations, and investment management.
  • Performs periodic market risk reviews.


 

What We Offer

Opportunity for career growth and development in the #1 FinTech company in the country Working with a dynamic and highly collaborative team who want to change the game A company that values their people with highly competitive and flexible compensation and benefits package

The Company
HQ: Bonifacio Global City, Metro Manila
2,570 Employees
On-site Workplace
Year Founded: 2015

What We Do

Mynt is the first and only duacorn in the Philippines. It's a leader in mobile financial services focused on accelerating financial inclusion through mobile money, financial services, and technology. Mynt operates two fintech companies: GXI, the mobile wallet operator of GCash — the #1 Finance App in the Philippines, and Fuse Lending, a tech-based lending company that gives Filipinos access to microloans and business loans.

Mynt, through its fintech operations, is a staunch supporter of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.

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