Job Title: Risk Management Executive

Job Summary

Manila Water Company Incorporation
• Banking/ Financial Services • Construction & Engineering • FMCG • ITES/BPO • Telecom • Any
Metro Manila
Job Category:
Finance & Accounts
Years of Experience
10 - 18 years
Finance & Accounts
Posted On
5th Dec 2018

Job Description:

  • Champions the Enterprise Risk and Insurance Management at Manila Water Operations/New Business Operations. 
  • Oversees the entire enterprise risk and insurance management function and leads the development, implementation, maintenance and continuous improvement of the ERM process and Insurance Management Program. 
  • Develop the Enterprise Risk Management Program for implementation in Manila Water Operations/ New Business Operations. 
  • Develop the Insurance Management Program for implementation in Manila Water Operations/ New Business Operations. 
  • Lead and direct the Enterprise Risk and Insurance Management programs and organization of Manila Water Operations or Manila Water New Business Operations in implementing the ERM process throughout Manila Water, maintaining ERM Maturity, risk culture building and implementation of the Insurance Management Program. 
  • Review risk reports, present and provide updates to the Board Risk Oversight Committee (BROC), Risk Management Executive Committee (RMEC), Senior Leadership Team (SLT) and Ayala Corporation. 
  • Provide risk advisory services and perform targeted risk analysis outside routine risk management and reporting process as directed by key leadership such as the BROC, RMEC, SLT, risk owners and designates. 

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About Us

Manila Water Company, Inc. (“Manila Water” or the “Company”) holds the exclusive right to provide water and used water services to the eastern side of Metro Manila (“Manila Concession” or “East Zone”) under a Concession Agreement (“CA”) entered into between the Company and Metropolitan Waterworks and Sewerage System (“MWSS”) on February 21, 1997. The original term of the concession was for a period of twenty five (25) years to expire in 2022. The Company’s concession was extended by another fifteen (15) years by MWSS and the Philippine Government in 2009, thereby extending the expiry of the concession from May 2022 to May 2037.

The Company provides water treatment, water distribution, sewerage and sanitation services to more than six (6) million people in the eastern side of Metro Manila, comprising a broad range of residential, commercial and industrial customers. The Manila Concession encompasses twenty three (23) cities and municipalities spanning a 1,400-square kilometer area that includes Makati, Mandaluyong, Pasig, Pateros, San Juan, Taguig, Marikina, most parts of Quezon City, portions of Manila, as well as the following towns of Rizal: Angono, Antipolo, Baras, Binangonan, Cainta, Cardona, Jala-Jala, Morong, Pililia, Rodriguez, San Mateo, Tanay, Taytay, and Teresa.

Under the terms of the CA, the Company has the right to the use of land and operational fixed assets, and the exclusive right, as agent of MWSS, to extract and treat raw water, distribute and sell water, and collect, transport, treat and dispose used water, including reusable industrial effluent discharged by the sewerage system in the East Zone. The Company is entitled to recover over the concession period its operating, capital maintenance and investment expenditures, business taxes, and concession fee payments, and to earn a rate of return on these expenditures for the remaining term of the concession.

Aside from the Manila Concession, the Group has a holding company for all its domestic operating subsidiaries through Manila Water Philippine Ventures, Inc. (“MWPV”). Currently under MWPV are LagunaAAA Water Corporation (“Laguna Water”), Boracay Island Water Company (“Boracay Water”), Clark Water Corporation (“Clark Water”), Manila Water Consortium, Inc. (“MW Consortium”), and Estate Water, an operating division under MWPV which operates and manages the water systems of townships developed by Ayala Land, Inc. A subsidiary of MW Consortium is Cebu Manila Water Development, Inc. (“Cebu Water”) that provides bulk water in the province of Cebu. The Group has other new projects in its portfolio including the Zamboanga City performance-based non-revenue water reduction project under Zamboanga Water Company, Inc. (“Zamboanga Water”) and the Tagum City bulk water supply project under Tagum Water Company, Inc. (“Tagum Water”), among others.
The holding company for its international ventures is Manila Water Asia Pacific Pte. Ltd. (“MWAP”). Under MWAP are two affiliated companies in Vietnam, namely Thu Duc Water B.O.O Corporation (“Thu Duc Water”) and Kenh Dong Water Supply Joint Stock Company (“Kenh Dong Water”), both supplying treated water to Saigon Water Corporation (“SAWACO”) under a take-or-pay arrangement. Also under MWAP are Saigon Water Infrastructure Corporation (“Saigon Water”), a holding company listed in the Ho Chi Minh City Stock Exchange, Cu Chi Water Supply Sewerage Company, Ltd. (“Cu Chi Water”) and another company tasked to pursue non-revenue water reduction projects in Vietnam called Asia Water Network Solutions (“Asia Water”).

In addition, the Group has Manila Water Total Solutions Corporation (“MWTS”), a wholly-owned subsidiary that handles after-the-meter products and services. Its current offerings include pipelaying, integrated used water services, and the sale of Healthy Family Purified Water as five-gallon packaged water in selected areas in Metro Manila.
Lastly, Manila Water Foundation, Inc. (“Manila Water Foundation”) is the corporate social responsibility arm of the Manila Water Group. It aims to be the enabler of change that will uplift the quality of life of the base of the pyramid (“BOP”) communities through the provision of sustainable water and wastewater services.