Financial Risk Analyst Job Description
Financial risk analyst
provides risk Management support for regulatory reporting (AAAHC, CMS, state) related to adverse events or other Risk Management issues (informed consent, compliance with state specific Risk Management Program requirements, etc.).
Financial Risk Analyst Duties & Responsibilities
To write an effective financial risk analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included financial risk analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
The primary function of the Administrative Assistant is to provide administrative and secretarial support to the Risk Management department
Performs customer due diligence (CDD) and enhanced due diligence (EDD) as needed, for depository customers
Retrieves and reviews financial transactions to identify activity commensurate with customer relationships that pose a higher risk of money laundering or terrorist financing such as money service businesses, third party payment processors, customers with self-owned ATMs, charities, embassy accounts, cash-intensive businesses and professional service providers
Applies research and investigations strategies to assess customers for BSA risk and assign risk ratings
Assist with the interpretation, support and explanation of questions from internal and external customers
Build relationships and maintain effective communication and coordination between the department, other bank departments, other banks, the Board of Governors, and/or other external customers
Evaluating the existence, design effectiveness of processes and controls, including testing of controls to ensure that they are operating and that there is sufficient evidence of procedures being performed
Perform thorough validation of Credits/refunds issued to customers ensuring that such credits are correct and legitimate and comply with existing governance
Review current risk data to determine exceptions, trends or other changes in risk relative to the firm’s risk appetite and escalate as deemed appropriate
Evaluates the validity and reliability of the CIP, CDD or EDD information gathered by conducting moderately complex searches of informational databases and other research sources
Financial Risk Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Financial Risk Analyst
List any licenses or certifications required by the position: PM, CAMS, CFA, BSA/AML, FRM, RMA, PMP, SOA, CFCS, CFE
Education for Financial Risk Analyst
Typically a job would require a certain level of education.
Employers hiring for the financial risk analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Accounting, Economics, Business, Education, Statistics, Mathematics, Management, Business/Administration, Engineering
Skills for Financial Risk Analyst
Desired skills for financial risk analyst include:
Customers
Federal
Organization
Processes
State fiduciary compliance regulatory requirements applicable to the assigned areas of the review
Risk management
Bloomberg
Concepts
Fundamental risk theories
Principles
Desired experience for financial risk analyst includes:
Demonstrated analytic and quantitative ability
Ability to formulate plans and actions to attain treasury initiatives
Knowledge of portfolio risk techniques (Value-at-Risk, stress testing, scenario analysis, risk attribution)
Miniumum 2 years experience in application development
Finance, Accounting or Economics majors preferred
Demonstrate analytic and quantitative ability
Financial Risk Analyst Examples
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Financial Risk Analyst Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of financial risk analyst. 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 financial risk analyst
- Analyze and communicate proposed enhancements to address identified risks or gaps in BSA/AML and OFAC compliance procedures and processes
- Assist in reviewing, testing, evaluating and documenting the adequacy of AML, OFAC and fraud mitigation controls as documented in the organization’s risk assessments
- Provide feedback to business unit management and Financial Crimes Risk Management staff members with regard to the results of QA reviews
- Mentor junior members in the team, as appropriate
- Be accountable for active client monitoring with a regular review and update of the analysis of counterparties and existing risk ratings industry trends and news flow
- Propose initiatives to reduce collection risks contributing to overall bad debt reduction and DSO improvement
- Perform tasks relating to A/R Provisioning, AFRA, AFDA and Working Capital analysis
- Perform all A/R and AFDA/AFRA functions relating to month end financial analysis, results reporting and account reconciliations
- Effectively participate in planning and forecasting exercises
- Extract and manipulate data using ARRA database, the iCRD tool and billing systems to for analytical purposes
Qualifications for financial risk analyst
- The role is principally to support the delivery of the BCBS 239 project
- To review, map and document all system and data flows for the end to end process for Capital Risk, Liquidity Risk, Non-Traded Market Risk and Stress Testing (and supporting Group Finance teams)
- To ensure all data items are appropriately defined and documented for Capital Risk, Liquidity Risk, Non-Traded Market Risk and Stress Testing
- Through process review to assess the levels of Automation and manual adjustments involved end to end across each of the Risk areas
- To review Data Quality requirements in line with BCBS 239 and new Group Procedure to ensure compliance
- Must have BCBS 239 experience
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Financial Risk Analyst Job Description
Job Description Example
Our company is searching for experienced candidates for the position of financial risk analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for financial risk analyst
- Partner with internal teams across Finance and Billing/Collections to ensure accurate reporting of A/R Provisioning and DSO results
- Perform analysis and make recommendations that will positively influence the business and improve the EBITDA trajectory
- Extract and synthesize data using iCRD tool and billing systems to perform analytics
- Collaborate with internal stakeholders across Finance, Billing/Collections, Sales & Marketing to ascertain accurate credit reporting and identification of credit reduction opportunities
- Monitor iCRD tool and resolution of system issues
- Enhance existing credit risk scorecards based on analysis of key performance drivers and portfolio metrics
- Perform all functions relating to month end financial analysis including account reconciliations and journal entries
- Recommend, initiate and implement process improvements
- Analyze trends using large volumes of data to produce management level reports
- Train associate-level personnel on execution of risk activities
Qualifications for financial risk analyst
- Draft written responses or replies by phone or e-mail when necessary
- Act as a liaison with other departments and outside agencies
- Two years post-secondary education and 2+years Know-Your-Customer (KYC)/BSA/fraud investigation experience, or a Four-year college degree, or Certified Anti-Money Laundering Specialist (CAMS) certification is required
- Basic knowledge of laws applicable to money laundering, including CIP, BSA/AML and OFAC regulations (Patriot Act, U.S. Treasury and FinCEN BSA/AML guidelines, OFAC requirements and Suspicious Activity Reporting requirements) is required
- Previous Financial Analysis
- Microsoft Excel proficient (Pivot Table and V-Looks Ups)
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Financial Risk Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking for a financial risk analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for financial risk analyst
- Communicate regularly with Margin Managers, Credit Risk, Technology Partners and Trading Desks
- Analyze financial projections (balance sheets and income statements, capital and liquidity ratios) from a risk lens
- Responsible for assisting with the development and implementation of a BSA/AML and OFAC - QA program that reflects industry best practices
- Supervise QA analysts to ensure their assigned tasks are completed accurately and timely
- Maintain a QA database containing the results of QA reviews and tracks recommended corrective actions
- Assist in the preparation of regular reports on the results of the QA testing
- Assist with the Enterprise-wide BSA/AML, OFAC, and Fraud Risk Assessments
- Serve as a subject matter expert in AML and OFAC regulations, systems and reports
- Recommend controls enhancements to AML, OFAC and Fraud Mitigation Compliance Program, policies and procedures
- Provide training to business unit and support personnel to address exam, audit or QA deficiencies
Qualifications for financial risk analyst
- Type and design general correspondences, emails, memos, charts, tables, graphs, Proofread copies for spelling, grammar and layout, making appropriate changes
- Public Accounting or Financial Services industry experience
- Monitor portfolio quality on an ongoing basis and recommend rating actions / asset classifications *LI-LT2
- English essential, fluency in Mandarin is advantageous
- Bachelor's degree in Accounting, Business Administration, Economics or Engineering
- 2-5 years experience (internship or full time) in Credit Risk areas of Financial Institutions, Equity Research or related areas
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Financial Risk Analyst Job Description
Job Description Example
Our innovative and growing company is looking for a financial risk analyst. 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 financial risk analyst
- Implementing the new automated processes and controls either within or through, enhancements to the Bank’s strategic infrastructure or through Strat solutions
- Develop and manage risk governance processes, policies and procedures
- Perform quantitative studies to support risk management policies, including credit limits, volumetric limits, and value-at-risk limits
- Provide support to trader checkout and confirmation processes to ensure completeness and proper documentation
- Develop financial models for new businesses, working closely with product managers and senior management
- Prepare monthly financial results packages for management, analyzing performance against plan and financial outlooks
- Drive and manage ad hoc projects or analysis as necessary
- Analyze Historical revenue and expense trends vs key performance indicators (KPI’s)
- Take ownership of your responsibilities, demonstrating initiative and resourcefulness
- Be comfortable performing detailed analysis taking a broader perspective view
Qualifications for financial risk analyst
- Degree qualified in Finance, statistics or Maths, Postgrad/masters preferred
- Strong exposure to SQL, VBA and knowledge of stress testing preferred
- Ability to work in a small close knit team work independently on large scale projects
- Bachelors Degree required in Mathematics, Finance, or Economics
- Strong knowledge of corporate finance and derivatives
- Excellent analytical/quantitative skills required including stochastic modeling
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Financial Risk Analyst Job Description
Job Description Example
Our company is looking for a financial risk analyst. 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 financial risk analyst
- Ensure activities are conducted effectively and in compliance with our policies & standards relevant regulations and laws
- Developing new methods to accurately and prudently value the trading books, which includes but is not limited to, developing techniques to evaluate the cost of closing out trading books, providing additional valuations for more complex models, submitting Bank marks to Totem, utilising Totem and other price sources to verify these marks and calculating the impact of market data on book valuations
- Working closely with multiple business functions including Product Development, Sales, Trading, Technology and Operations to implement infrastructure solutions aligned to the strategic analytics platform
- Develop liquidity models and pricing analytics for retail deposits including overnight deposits and term deposits
- Perform the daily treasury operation functions, including cash position, cash flow forecasting, payment initiation
- Liaise with Accounts Receivable, Accounts Payable and Supply Chain to manage the company’s cash flow forecast, including post facto analysis to revise future periods
- Drives value analysis around cash and debt management, translating findings into business drivers and implementation success
- Perform in-depth analysis to assess the cost/benefit of new cash management initiatives
- Providing creative alternatives and recommendations to reduce costs and improve financial performance
- Assist in the production of Treasury related board and investor relations presentations
Qualifications for financial risk analyst
- Be able to work, individually and as a team
- Resourceful and excellent problem solving skills
- Demonstrated ability to effectively multi-task, prioritize issues simultaneously and work independently part of an extended team
- Strong oral/written communication/presentation skills, strong interpersonal skills and comfort in interacting with all levels of management
- Ability to successfully resolve issues, diagnose business problems and deliver solutions in timely manner
- Highly motivated, dynamic professional with the ability to work under pressure with tight timelines and to adapt to a complex and quickly changing environment