Business Risk Specialist Job Description
Business risk specialist
provides insight, appetite and oversight across regulatory risk, compliance and operational risk matters to the Business Lending businesses in Customer Product & Services.
Business Risk Specialist Duties & Responsibilities
To write an effective business risk specialist job description, begin by listing detailed duties, responsibilities and expectations. We have included business risk specialist job description templates that you can modify and use.
Sample responsibilities for this position include:
Maintain and apply knowledge of applicable Federal Regulatory and Card Brand rules and regulations, including but not limited to CIP/KYC, merchant settlement, dispute resolution, chargeback management and compliance
Maintain and apply up-to-date knowledge of credit risk and fraud risk indicators associated with various business types
Liaise with Business Continuity Management (BCM) for updates of any other date (process, change in processes, ratings )
Provide thought leadership into the development of KRIs and KPIs for the business
Work with area partners to understand their risk profiles in relation to the work they perform on behalf of TCAM
Develop moderate to complex MIS reporting for Consumer Risk business
Develop moderate to complex MIS reports for Consumer Banking risk group
Project Engagement – The ability to engage in affective manner with Technology, IRM and Cyber Security teams to assist in business process and supporting platforms assessment to identify and verify exposure to common security vulnerabilities and providing remediation guidance at a business process level and interact with technology teams to identify effective technology remediation
Utilize both existing MIS the ability to extract data on an ad-hoc basis to analyze volume trends, performance trends against inventory segments, and proactively communicate those trends to internal business partners and Senior Management
Supporting day to day relationship management and communications with business partners at various levels of the organization, other Enterprise Control Functions (ECFs)
Business Risk Specialist Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Business Risk Specialist
Typically a job would require a certain level of education.
Employers hiring for the business risk specialist job most commonly would prefer for their future employee to have a relevant degree such as University and Bachelor's Degree in Business, Finance, Management, Education, Economics, Financial Services, Business/Administration, Mathematics, MBA, Marketing
Skills for Business Risk Specialist
Desired skills for business risk specialist include:
Automated test/load tools
Testing methodology
Bank’s Business Lending Platform
Ability to use tools
Applicable Federal Regulatory and Card Brand rules and regulations
Assess
Best practices to identify
Chargeback management and compliance
Commercial loan
Credit risk and fraud risk indicators associated with various business types
Desired experience for business risk specialist includes:
Adapts personal approach to suit situations, individuals, groups and cultures
Able to express clearly and fluently, both orally and in writing
Documentation must be professional, well structured and presented and require the minimum management review and revision
Works well with others or individually
Strong unstructured problems solving and thought leadership skills
Strong SAS programming (Base and Advanced SAS), Unix and SQL programming skills
Business Risk Specialist Examples
1
Business Risk Specialist Job Description
Job Description Example
Our company is looking for a business risk specialist. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for business risk specialist
- Identity management and preventing fraud losses through diligent CIP/KYC
- Coordinate with various departments, bank divisions, customers and customer service teams to ensure timely and effective resolution of various underwriting, r risk management cases, and/or CIP/KYC requirements
- Educate customers on fraud prevention tips and best practices CIP/KYC requirements
- Exhibit strong leadership skills, excellent work ethic, teamwork and initiative
- Support additional duties as assigned
- Participate in and document process walkthroughs to understand the business and unique risks that impact different products, services or business units
- Execute test plans for risks and controls that will be monitored by the WBRM Quality Assurance team
- Assist with the determination of what effectiveness monitoring is in place for the controls identified (key indicators, formal testing, ), and if the level of monitoring is appropriate, or if there are monitoring gaps
- Analyze results and data to evaluate control effectiveness, perform root causes analysis for exceptions found, and identify any systemic control deficiencies that need to be logged as issues and remediated
- Ensures timely and accurate execution of underwriting and/or risk management processes
Qualifications for business risk specialist
- Well-acquainted with software development methodologies like SDLC, RAD, Agile, DevOps
- At least 1 year of merchant acquiring or card issuing risk management or at least 1 year of underwriting experience
- At least 1 year of identify management and fraud prevention
- 1 year of Card Brand, PCI DSS, CIP/KYC, CPP certification and AML compliance experience
- Specific payment systems' compliance including credit card issuing and servicing, regulatory complaints' management
- 4-6 years of experience in Business Analysis for complex business applications
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Business Risk Specialist Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of business risk specialist. 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 business risk specialist
- Ensures timely completion of special projects assigned to the Underwriting and/or Risk Management Team
- Assists with training, coaching and monitoring of Underwriting and/or Risk Management associates
- Ensures that all Underwriting and/or Risk Management processes/procedures and documentation are in compliance with applicable rules and regulations
- Ensures accurate and timely reporting of underwriting and risk management data
- Provides ongoing support to other functional areas and business partners
- Assists with building and maintaining a strong, highly motivated team, fosters teamwork, ensures consistent and effective performance and communication
- Maintains up-to-date knowledge of small business industry, products and applicable compliance rules and regulations
- Exhibits excellent leadership skills, work ethic, teamwork and initiative
- Conduct effective interview/research to determine and document the stakeholders, business needs and requirements
- Work closely with intake manager, analysts, and matrix partner and help drive the rollout of related workflows/processes
Qualifications for business risk specialist
- Familiarity with the small business product set the sales and lending processes
- Minimum of 7 years of experience working with products, systems or tools in the financial services industry, or a combination of experience and education
- Strong project management, business system analysis, risk management, or auditing experience needed
- Able to apply intermediate or advanced knowledge of products, systems and tools to successfully lead efforts
- 2+ years of banking risk management experience with fundamental knowledge of Credit Risk Management
- Proficient computer/software skills with experience in using high level programming languages
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Business Risk Specialist Job Description
Job Description Example
Our company is growing rapidly and is looking for a business risk specialist. 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 business risk specialist
- Where appropriate, take ownership of issue escalation and assist the team to quickly bring these issues to a close
- Assist with any process improvements that may be needed for implementation of processes
- Manage and execute on complex global risk management programs (planning, designing, communicating, and follow-up with stakeholders)
- Lead and support defined program plans based on budget, timing, and business need
- Liaise with multiple business units and provide guidance to stakeholders
- Gather information through interviews & surveys and analyze data to develop relevant insights
- Prepare clear and compelling presentations for senior leadership
- Develop new program content
- Work directly with client/customer to perform information security reviews other services such as vulnerability/patch management scanning, hardened image configuration and IT Audits
- Advises management on the status of customer environment related to risk identification and control weaknesses
Qualifications for business risk specialist
- Ability to interact and communicate with senior leaders and business partners across the enterprise
- Self starter, able to develop an approach to solving a problem and an associated project plan from a blank sheet of paper
- Prior experience writing business requirements strongly preferred
- Flexibility to change course based on business needs
- Bachelor’s degree or equivalent and Greenbelt certification or a testing/ analytic background is preferred
- A successful candidate should have 7+ years of financial services experience and have 3+ years in a Risk, Compliance or Business Control function
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Business Risk Specialist Job Description
Job Description Example
Our innovative and growing company is hiring for a business risk specialist. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for business risk specialist
- Scheduling of critical control design assessments and critical control effectiveness evaluations (CDA and CET) as per agreed evaluation
- Support the management of GRC workflows
- Support the creation and maintenance of GRC risk and control master data
- Risk management master data updates and maintenance
- Simplification of risk management and governance tools and processes – influence and suggest improvement opportunities
- Support Iron ore wide risk management reviews
- Support ad-hoc material risk management priorities / improvement projects
- Contribute to Global benchmarking and internal review material risks
- Support Risk management reporting (dashboard and specific standardised reporting)
- Commit to an overriding commitment to health, safety, environment responsibility and sustainable development
Qualifications for business risk specialist
- This position requires solid organizational skills, the ability to prioritize activities, strong written and oral communication, and the ability to confidently interact with senior leaders
- Strong analytical, research, and presentation skills
- Strong qualitative & quantitative analytic skills
- Ability to synthesize large volume of information and integrate into meaningful reports and recommendations
- Critical thinking but also execute on the details
- Unix (Solaris, AIX, Linux), Windows Server, Mainframe, Database (Oracle, MS SQL, DB2)
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Business Risk Specialist Job Description
Job Description Example
Our innovative and growing company is looking for a business risk specialist. 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 business risk specialist
- Develop, train and mentor associates on Special Risk products and pricing
- Provide consolidated business controls data in a clear and concise manner appropriate for all levels of management
- Manage PRC Inventory and remediation efforts
- Produce regularly scheduled reports including weekly and monthly leadership routines & respond to ad hoc requests
- Assist in preparing the LOB Risk ID Inventory and RCSA
- Act as an ambassador of the risk culture / framework
- Conduct effective interviews to determine and document key processes and procedures essential for RMAR business continuation following enterprise Knowledge Management best practices
- Work closely with Team and matrix partners and help drive the rollout and maintenance of policy and procedure requests, updates, and communications of such Standard Operating Procedures (SOP), while actively enforcing SOP governance
- Highly motivated, self-starter, sense of urgency and shows initiative
- Provide Business Continuity advice and guidance to the Business and act in a second line risk capacity
Qualifications for business risk specialist
- Must have flexibility to work overtime during peak times (April – August is busiest time)
- Must be able to travel to support offsite meetings as needed (4-6 times per year)
- Proactive and creative thinker who is willing to contribute ideas
- Ability to manage multiple workstreams simultaneously and manage ad hoc high priority requests from leadership, and strong follow through
- Understanding of deliverable due dates and time required for completion
- Extremely flexible — able to constantly prioritize/reassess multifunctional position