Associate, Risk Job Description
Associate, risk
provides assurance that BCIM team policy, procedures, and controls are consistent with industry regulations, standards, and best practices.
Associate, Risk Duties & Responsibilities
To write an effective associate, risk job description, begin by listing detailed duties, responsibilities and expectations. We have included associate, risk job description templates that you can modify and use.
Sample responsibilities for this position include:
Be responsible for daily review of pricing for bonds in mutual funds and testing compliance of positions with mutual fund regulations
Participate in Workstream functions including scope definition and survey compilation
Draft roll-up reports on risk assessment
Participate in the identification of risk factors and typologies for inclusion in the Risk Assessment process
Support the definition of ‘Risk Assessment Unit’ Structure and Reporting Scope
Draft and edit Survey Scope and Questions
Assist in the review and confirmation of Legal Entities Risk Assessment Structure
Review and revise line of business reports
Assist in the preparation of presentations for senior management briefings on risk assessment
Assist in the preparation for reviews with regulators
Associate, Risk Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Associate, Risk
List any licenses or certifications required by the position: CIA, CISA, CPA, CEDS, RCA, CISSP, CISM, CCB, CGEIT, CIPP
Education for Associate, Risk
Typically a job would require a certain level of education.
Employers hiring for the associate, risk job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Economics, Engineering, Statistics, Mathematics, Business, Accounting, Education, Physics, Graduate
Skills for Associate, Risk
Desired skills for associate, risk include:
Internal accounting controls
Professional standards and regulations and systems
ACL
Computer network technologies
Protocols and topologies
Processes and Procedures:
Regulations
Risk Management Policies
Professional standards and regulations and systems within a banking environment
Workflow/processes and risks/controls
Desired experience for associate, risk includes:
Provide analytical support to more senior team members
Monitor and manage credit risk related to the exposure incurred with the U.S. Public Sector portfolio
Develop familiarity with regulatory and internal policies and protocols to contribute to departmental and institutional compliance
Must be able to handle multiple projects, deliver high quality and timely results, and provide appropriate coaching and development to junior teammates
Deep knowledge / experience in deposits and commitments preferred
Analyze transaction requests (including review of documentation, cash flow models, historical performance, ) to determine adequate structuring of deals and sufficiency of credit enhancement
Associate, Risk Examples
1
Associate, Risk Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of associate, risk. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for associate, risk
- Administer user surveys to participants, and assist with planning and executing focus groups to gather user feedback
- Runs internal metrics bi-weekly for process analysis
- Flags emerging trends and issues, identifying opportunities for enhancements to the NPMIG process and tools
- Makes recommendations for new reporting requirements, and makes recommendations for additions to our metrics plan
- Participates in various NPMIG Committee meetings across the company to monitor the process and evaluate opportunities
- Execute control implementation plans and post implementation assessment
- Work collaboratively with the CCB Risk process owners (CCB-wide and Lines of Business), Technology, BCBS Program Management Office, the CCB BCBS work streams and other key stakeholders, to facilitate the development and evaluation of business readiness through procedure development, risk control assessments development and monitoring
- Assist in collecting metrics and measures to feed overall BCBS project reporting
- Conduct borrower risk rating reviews across multiple municipal sectors, according to internal rating criteria
- Adjudicate credit requests related to loan and derivative transactions across municipal sectors
Qualifications for associate, risk
- BA or BS in a quantitative field
- 3 to 6 plus years’ experience involved in a risk management, mid-office, or related area involved in commodities, FX, or Interest Rates futures
- Must possess strong oral and written communication skills and be able to articulate complex concepts to senior management and external traders on a regular basis
- Minimum 3 years of banking experience (preferable in Securities Operations, Audit or Risk)
- Takes responsibility for assigned work
- Excellent computer skills (Excel, Visio, and Access a plus)
2
Associate, Risk Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of associate, risk. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for associate, risk
- Must have a strong understanding of accounting standards and any of the Portfolio Management systems like Geneva
- Monitor and resolving the reporting issue and ensure all reports are generated in timely manner and coordinate with various team if any problem’s
- Work on Product Enhancement’s and reengineer the existing Business Process
- Involves ad-hoc client specific projects building new custom reports, amending current reports The additional support to Asia and London, NY should not be underestimated
- Implementing the risk and control strategy for the division, to develop pragmatic strategies for effective information, active operational risk (OR) management and appropriate control
- Managing operational risk levels and the control environment, including implementation and monitoring of appropriate risk and control metrics
- Implementing the risk and control governance infrastructure that will facilitate appropriate actions, building and managing key relationships and ensuring management focus for the risk and control agenda, drawing on best practice internally and externally
- Acting as a first point of contact and support for OR related topics, within the region for Global Cash Operations (GCO) regional and branch managers
- Providing relationship management on risk and control to other relevant stakeholders, Compliance, Global Transaction Banking (GTB) Operations Regional Regulatory Coordinator (RRC),Group Technology & Operations (GTO), Operational Risk Management (ORM), Group Audit, etc
- Actively engaging with Product Leads to ensure OR awareness, identification and implementation of mitigating actions and best practices
Qualifications for associate, risk
- Relevant work experience in the financial industry (preferably 1-2 years for Analyst, and 2-4 years for Associate)
- Bachelor/MSc/MBA degree
- U.S. citizenship or work authorization in the U.S
- Knowledge of traded products (and related legal documentation) such as OTC Derivatives, Repo & Sec Lending, F&O and OTC Clearing and fixed income products familiarity with pricing models, yield curves analytics and risk models is strongly preferred
- Bachelor of Science in Computer Science, System/Computer Engineering, Cyber-Security, or Information Security
- Visual analytic dashboard creation using tools such as Tableau or QlikView
3
Associate, Risk Job Description
Job Description Example
Our company is looking for an associate, risk. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for associate, risk
- Work with Businesses to understand their business models, trade structures and funding flows
- Ensure effective oversight of Canada Finance processes performed locally and abroad by
- Ensures timelines are met and projects move forward
- Developing and implementing risk infrastructure related to Issuer Risk for all products in private banking in relevant bank-wide systems, and maintaining robust data control and reporting processes
- Staying updated on changing regulatory / industry/market and counterparty concentration landscape to develop and implement functional CCR and Issuer Risk measurement
- Work with other teams in risk management group for process integration and knowledge sharing
- Monitor and effectively manage all risk issues owned by Operations
- Deploy a disciplined process for identifying and prioritizing customer needs and wants to improve product development, processes and service quality
- Initiate and/or support thematic exploration, deep dives, read across and oversight of the risk profile linked to control failures and operational events
- Deliver integrated control solutions that simultaneously address Operational, Regulatory and Conduct control requirements and develop initiatives and training to embed a proactive control culture and risk awareness within TMO
Qualifications for associate, risk
- Proficiency with Microsoft Excel Pivot Tables
- Knowledge of Bloomberg and Intex
- 3+ years of experience pricing bonds
- 5+ years of relevant experience, preferably in a finance-oriented role in a major dealer, private equity firm, or hedge fund as a VP, AVP, or Senior Associate
- Strong understanding of MBS structures, waterfalls, triggers, inputs, collateral characteristics, liquidation process, and market trends
- Strong analytical, organizational, interpersonal communication, and writing skills
4
Associate, Risk Job Description
Job Description Example
Our company is hiring for an associate, risk. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for associate, risk
- Monitoring of positions against risk limits
- Maintenance of Issues Log and tracking of action points to ensure timely and satisfactory completion
- Manage the Risk Management Information System (RMIS) and generate claims detail, loss analysis and ad hoc reports as needed
- Review, code and process department invoices, track payment through SAP, and maintain department expense spreadsheet
- Request and participate in reviews of significant claims annually/biannually depending upon claim type
- Act as liaison between internal and external customers, insurance carriers, and brokers to support the daily administration of the insurance program
- Investigate and escalate critical control related issues
- Testing and reconciliation of Risk data with Finance data
- Provide independent oversight to Treasury’s and LOB’s adherence to the liquidity risk framework
- Work with Treasury, legal entity risk managers and relevant risk groups to establish and maintain the liquidity risk governance framework including policy review, limit monitoring, standards, and best practices
Qualifications for associate, risk
- Define and execute test scripts across a wide variety of Wealth Management Field operational areas, including risk, service, branch management and home office functions
- Degree holder with more than 3 - 7 years in relevant field
- Lean, Agile, Six Sigma, Business Process Management certification
- Bachelors Degree in Business Administration or Bachelors Degree in Finance
- At least 1 year of Financial Analyst or Accounting experience in Financial Services or Banking sector
- Accounting designation (eg
5
Associate, Risk Job Description
Job Description Example
Our growing company is hiring for an associate, risk. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for associate, risk
- Producing ongoing monitoring reports for all models, generate auto alerts when a particular risk increases
- Build analytical applications ( eg
- Acting as a key contributor to Volcker Risk Reporting team including production of daily, monthly, regulatory reporting and adhoc analysis to internal and external stakeholders
- Assist in responding to ad-hoc analysis projects and information requests from the internal stakeholders related to daily and monthly metric
- Compliance work relating to DCCS, Anti-Corruption, Confidentiality, Ethics, DESC, GIMS, DRMS, Independence, Legal/Claims, Monitoring Directorships, Partner Rotation, Privacy, Risk Consultations and other compliance activities
- Particular focus on processing and reporting on conflict checks and background checks
- Assist with the ongoing monitoring of the mitigation activities identified in the CBC-RCC Enterprise Risk Framework
- Assist in analyzing/assessing transaction proposals
- Interact with internal business unit personnel
- Plan and drive the brand and communication strategy for the firm’s Operational Risk Awareness and education program
Qualifications for associate, risk
- Minimum of 4-5 years’ experience within investment banking (experience within an internal audit / validation / control function strongly preferred)
- 7-10 years of experience leading and delivering process enhancement initiatives at the project level
- 2 to 4 years of relevant experience in Risk Management and / or in quantitative modeling
- Understanding of risk management concepts such as VaR (value-at-risk), stress tests, Incremental Risk Charge for credit products, scenario modeling, hypothetical back-testing and the risk representation of various portfolios
- Bachelor’s Degree with some years of experience in finance or banking industries with exposure to large commercial transaction underwriting or equivalent knowledge and experience
- Willing and able to travel globally at short notice (30% of the time)