Enterprise Risk Manager Job Description

Enterprise Risk Manager Job Description

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Enterprise risk manager provides guidance and education on Enterprise Risk Management policy requirements, risk categories and risk ratings to business unit risk owners.

Enterprise Risk Manager Duties & Responsibilities

To write an effective enterprise risk manager job description, begin by listing detailed duties, responsibilities and expectations. We have included enterprise risk manager job description templates that you can modify and use.

Sample responsibilities for this position include:

Providing leadership and challenge in determining the appropriate Enterprise KRIs, thresholds, triggers and escalations for monitoring and tracking at various levels (Board of Directors, GECC Committees, and Business Unit (BU) Committees)
Driving compliance, standardization and efficiency across various Enterprise Risk Functions and Business Units
Manage a business analyst team in terms of HR responsibilities, work program planning and project assignments
Manage the allocation of business analysts to project teams
Responsible for coaching, mentoring, training and day to day interaction with a team of business analyst professionals
Institutionalize the best business analysis practices relating to agile development
Establish and manage governance associated with business analysis activities on all projects
Establish and drive tactical and strategic business analysis plans and initiatives
Research leading business analysis practices and technology
Business analysis Leadership – 40%

Enterprise Risk Manager Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Enterprise Risk Manager

List any licenses or certifications required by the position: PRM, FRM, CFA, PMP, CRCM, CPA, CIA, MBA, FCM, CISA

Education for Enterprise Risk Manager

Typically a job would require a certain level of education.

Employers hiring for the enterprise risk manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Business, Management, Accounting, Economics, MBA, Business/Administration, Graduate, Education, Computer Science

Skills for Enterprise Risk Manager

Desired skills for enterprise risk manager include:

Risk management guidance and tools
Distribution channels and business processes
Internal controls and risk assessment
Business
English language
Enterprise risk management and regulatory environment relating to risk
HR functions within a large enterprise
Industry best practice in Enterprise Risk Management
Insurance industry and current market environment at a domestic and international level
Local insurance industry

Desired experience for enterprise risk manager includes:

Implementation and enhancement of the Enterprise KRI Program Framework across GECC
Accountability of ongoing Enterprise KRI Program framework design
Work with BUs, IT, HQ functions, and Enterprise Risk teams to create framework design requirements, execute on project deliverables, and establish control plans
Develop and maintain procedures for the Enterprise KRI Program
Design and maintain required reporting, metrics and dashboards to inform management at all levels
Proactively monitor the Enterprise KRI program - including alignment to risk assessment results across all enterprise risk categories

Enterprise Risk Manager Examples

1

Enterprise Risk Manager Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of enterprise risk manager. 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 enterprise risk manager
  • Set a development agenda that aggressively delivers value to business sponsors
  • Lead a group of almost 50 people, comprising of development managers, developers, business analysts, architects, project managers, QA managers, QA analysts
  • Provide the business with ad-hoc transaction model risk reviews and recommendations
  • Identify and escalate material issues related to model risk and consult with stakeholders (business model users/owners, banking regulators, auditors) with respect to potential solutions to these issues
  • Assist in project management of automation and reporting tools
  • Seeks out alternative approaches / solutions
  • Raises and tracks issues and conflicts, removes barriers, proactively resolves issues engaging with stakeholders and escalates to appropriate level where required
  • Partner with senior stakeholders (VP and Director Level) in Group Risk Management to understand their current and future needs, define technology strategy and roadmap to meet those needs
  • Work with peers to establish and maintain an effective technology landscape for Enterprise & Wholesale Credit Risk IT
  • Complete ownership of applications and change projects, including strategy, communication and financials Undertake budgeting, financial planning, resource planning and other planning activities
Qualifications for enterprise risk manager
  • The design and implementation of the Comprehensive Capital Analysis and Review (CCAR) for USA Holdco
  • Risk policy definition and communication in the United States
  • Minimum performance level of Strong Contributor
  • Monitor compliance requirements
  • Act as SME in an advisory capacity to executives and senior management on risk reporting
  • Incomplete data, inaccuracies or poor quality analysis may inappropriately influence management decisions, encompassing all divisions within designated LOB and enterprise-wide where designated LOB Risk Management has accountabilities
2

Enterprise Risk Manager Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of enterprise risk manager. 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 enterprise risk manager
  • Serve as the Business Area Contact for the Corporate Policy Office
  • Communicate effectively with developers, database administrators, network analysts, systems analysts, senior management, project sponsors and business users
  • Work collaboratively with other risk and business managers on enterprise risk policies reviews in order to ensure I&TS risk practices are aligned with enterprise requirements
  • Participate in business and enterprise level strategic projects and lead key elements of risk management development and improvement initiatives
  • The owners of Risk Frameworks and Policies of RBCIS Bank comply with new risk regulations
  • Develop and implement a process aiming at ensuring identification and preliminary assessment of new regulations affecting RBCIS Bank Risk Management framework
  • Lead the development, the implementation and the maintenance of some of the key components of the Risk Management Framework of RBCIS Bank (ICAAP/Pillar 2 self assessment, Stress Testing, Recovery and Resolution Plans, Risk Appetite Statement,,…)
  • Coordinate the production of some of the Risk Reports, to support I&TS IS Bank management
  • You will engage model builders (Market Risk, Front Office, ) and related function groups personnel as necessary in order to pro-actively assess, document, and independently validate mathematical models and their usage by the bank
  • You will perform time-series analysis using econometric models and statistical forecasting methodologies
Qualifications for enterprise risk manager
  • Accelerates Growth
  • Unleashes Potential
  • Postgraduate degree in a quantitative discipline such as mathematics, physics, engineering, quantitative finance
  • Work in high pressure situations
  • Broad exposure to and excellent knowledge of structured derivative pricing models, preferably in Equity derivative area and quantitative risk management methodology
  • Advanced degree in a quantitative discipline such as math, physics, statistics, or financial engineering
3

Enterprise Risk Manager Job Description

Job Description Example
Our company is searching for experienced candidates for the position of enterprise risk manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for enterprise risk manager
  • Analyze our clients’ current enterprise processes and performance indicators in order to determine the optimal business processes, recommend best practices and drive value through the client organization
  • Identify potential business development opportunities and work with account team to develop capture strategy, call plan, marketing collateral and lead proposal efforts
  • Serve as a trusted business advisor
  • Identify and articulate model limitations and maintain relevant model controls and model risk ratings
  • Engage model developers and related functional group personnel as necessary in order to proactively assess, document, and independently validate mathematical models and their usage by the bank
  • Possess strong expertise in modeling CVA/FVA, and keep abreast with the latest market development
  • Identify uncontrollable risk elements in the valuation models for CRT and recommend appropriate valuation adjustments and risk mitigants are created for uncontrollable elements
  • Identify and escalate material issues related to model risk
  • Maintain and update model inventory for the responsible units and ensure timely model re-review
  • Ensure alignment of GRC requirements across the organization and with ERM strategy and vision
Qualifications for enterprise risk manager
  • 12 to 15 years of experience in financial services
  • Good level in English and French writing/speaking
  • Create PowerPoint presentations to report on ERM key metrics and project updates
  • Assist with quality review assessments
  • 10+ years professional related work experience with a minimum of 5 years analytical experience/ data analysis and strong mathematical skills required
  • 2 years of Cognos experience desired, but willing to train on it
4

Enterprise Risk Manager Job Description

Job Description Example
Our company is growing rapidly and is looking for an enterprise risk manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for enterprise risk manager
  • Analyze requirements and gaps with respect to system functionality and assist with the design solutions in partnership with the technology delivery team
  • Leverage industry leading practices within risk management to drive continuous improvement of processes and technology
  • Provide post-implementation and on-going support to stakeholders to resolve issues that arise with the GRC system
  • Adopt Agile methodologies and use them as a mechanism to improve the quality of deliverables, reduce project duration and mitigate risk
  • Prepare quarterly enterprise risk reports and analysis for various I&TS oversight committees and senior executives
  • Support team lead on preparation of updates to provide risk oversight and advisory service to senior management committees
  • Execute various risk reports in order to identify and measure against acceptable levels and remedial actions are taken for any exceptions
  • Provide insight on key risks and exposures versus market trends, portfolio evaluation and potential events
  • Where necessary develop and/or improve risk control reports for various key risks where I&TS ERM is responsible for oversight reporting
  • Monitor and drive implementation of prioritized resiliency measures (site improvements) across the company manufacturing and facilities footprint
Qualifications for enterprise risk manager
  • A minimum of 5 year experience working in a operational/financial institution setting
  • Experience in risk management, in particular credit and or market risk, is preferred
  • You will have analytical skills and the ability to think laterally and strategically
  • Understanding of the financial services industry, relevant regulators
  • Project Integration Management – Ability to ensure that the various elements of the project are properly coordinated
  • Problem solving & decision making – Takes action and responsibility for solving problems and making decision
5

Enterprise Risk Manager Job Description

Job Description Example
Our innovative and growing company is hiring for an enterprise risk manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for enterprise risk manager
  • Provides ongoing monitoring support for the management of risks through effective and pragmatic challenge to the business, and helps develop early warning indicators for proactive monitoring
  • Identifies trends and interdependencies throughout the business and facilitates conversations with various functions throughout the Company to ensure alignment and consistency in the management of risks
  • Serves in a consultative capacity (subject matter expert) to business units on risk related matters
  • Assist Risk Management Director in insurance policy renewal process
  • Organize and guide the quality of the planning, performance and reporting for internal audit or special projects
  • Establish audit objectives and create procedures for scheduled projects
  • Document processes and controls using flowcharts or narratives
  • Supervise and/or conduct internal audits and related activities
  • Ensure procedures are adequately documented in work papers and audit evidence is sufficient to support recommendations
  • Identify control gaps and formulate recommendations
Qualifications for enterprise risk manager
  • Have the ability to be a forward thinker who is able to manage complexity and ambiguity
  • Demonstrated analysis and problem-solving skills with attention to detail
  • Strong team and partnering skills and change management skills – ability to build strong rapport with key stakeholders
  • Comfort working with stakeholders at multiple levels of the organization
  • Meeting facilitation skills including ones with executive level participation
  • Ability to be flexible and operate effectively in fast-paced, changing environment

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