Financial Services Risk Management Job Description
Financial services risk management
provides subject matter expertise to the organization through a comprehensive understanding of regulatory expectations related to ORM (ORM Sound Practices, Basel II TSA and AMA).
Financial Services Risk Management Duties & Responsibilities
To write an effective financial services risk management job description, begin by listing detailed duties, responsibilities and expectations. We have included financial services risk management job description templates that you can modify and use.
Sample responsibilities for this position include:
Have basic risk management experience and relationship management skills
Support Retail Financial Services Business Reporting Oversight function
Provide technical and thought leadership to teams of software engineers engaged in implementation of Risk Case Management projects for Banking and Financial Services companies while working in a distributed development environment
Provide counsel and effectively challenge business partners including LOB CEO, executive management, and senior business leaders product management, operations, distribution, and partners including audit, compliance, legal, finance, and human resources on overall risk management issues
Total governance of complex legal compliance programs regarding Risk Management
To support the firm’s clients in implementing enhancements to their risk management frameworks
To manage the Firm’s risk exposure at all times through adherence to our quality and risk management practices when engaged on client work
Lead and collaborate directly with Client senior management
Manage a broader portfolio of projects projects within that portfolio or a highly complex project
Assist process owner with management and Continuous improvement of FS DCO processes
Financial Services Risk Management Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Financial Services Risk Management
List any licenses or certifications required by the position: PMP, FRM, PMI, AML, CFA, PRM, KYC, CCIM, APC, RICS
Education for Financial Services Risk Management
Typically a job would require a certain level of education.
Employers hiring for the financial services risk management 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, Engineering, Graduate, MBA, Business, Statistics, Mathematics, Physics
Skills for Financial Services Risk Management
Desired skills for financial services risk management include:
Asset management
Financial services
Insurance industry
Risk management
Anacredit
At least one ORM framework for .NET
Basel II/III principles and practice
Change Management practices
Dodd Frank
FRTB
Desired experience for financial services risk management includes:
Prefably Qualified Accountant / equivalent Risk qualification (or active student)
Deep understanding of credit or operational risk processes with an appreciation of at least one of the following
Record of designing and implementing Risk spolutions
Understanding of Risk Regulations eg
Professional qualification(s) such as FRM, CFA or equivalent are preferred
Familiarity with evolving and complex regulatory environment including Basel III / Solvency II / IFRS in the context of financial institutions
Financial Services Risk Management Examples
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Financial Services Risk Management Job Description
Job Description Example
Our growing company is looking to fill the role of financial services risk management. 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 services risk management
- Assist with the maintenance of all process documentation, standard operating procedures, internal approvals, and internal reporting
- Serve as SME for tactical credit governance processes and methodology, supporting the FS
- DCOs and Line of Business teams throughout the credit decision lifecycle
- Coordinate process reporting for internal stakeholders
- Support FS DCO for any internal or external audit
- Demonstrate detail orientation, strong written and oral communication, problem solving, teamwork, and collaboration
- Assist LOB in completing New Product Risk Assessment analysis tool
- Work with team to update Risk Appetite Statement quantitative metrics
- Refresh Business Area Risk and Control Self-Assessment and monitor progress of Action Plans
- Collect and review Key Risk Indicators
Qualifications for financial services risk management
- Capability to support transformation and change and work with enthusiasm, drive and effectiveness, and as a member of highly technical teams as required
- Experience in working across complex matrix environments
- Experience with Murex, Bloomberg, SAS, Matlab, Fincard and Reuters would be an advantage
- Experience working in professional services and/or in Asia Pacific would be an advantage
- Working with or knowledge on a range of tools for example Matlab, SPSS, SAS, R, SQL, VBA
- Knowledge of Financial security compliance regulations (PCI, FFIEC, GLBA)
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Financial Services Risk Management Job Description
Job Description Example
Our company is growing rapidly and is looking for a financial services risk management. 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 services risk management
- Analysis and design of the operational and organizational processes regarding the areas of Risk & Capital Management
- Definition and implementation of the models and solutions for the calculation, evaluation and integration of risks (Credit, Market, Liquidity and other risks)
- Definition of actions to take regarding the use of risk metrics in the management area (evaluation of creditworthiness, pricing and budgeting, value analysis and reporting, capital adequacy)
- Help our clients in questions of Regulatory Compliance
- Leading business development activities including sales bidding processes and contract management
- Leading eminence building initiatives to strengthen RA' leading position in the provision of GRR related services
- Leading the delivery of projects, such as the development of project methodologies and solutions
- To adhere to and promote the firm’s commitment to creating an inclusive culture
- Actively assist in the design and implementation of business unit risk governance activities in accordance with industry-recognized three-lines-of-defense philosophy
- Work with business areas to perform deep dive reviews as required, assessing risks in a particular area, providing guidance, and presenting back on risks and proposed mitigating actions
Qualifications for financial services risk management
- At least 1 year of experience in process management, or at least 1 year of experience in project management, or at least 1 year of experience in planning
- Rising undergraduate senior
- Ability to conduct business analyses – identify relevant data and collect such data from multiple sources
- Experience using Microsoft Office products (Excel, PowerPoint in particular)
- At least 2 years experience as a .NET developer
- Good understanding of key concepts and practices related to object oriented design
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Financial Services Risk Management Job Description
Job Description Example
Our growing company is looking to fill the role of financial services risk management. 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 services risk management
- Handle incoming consultant/customer inquiries via phone queue and e-mail relating to outstanding balances, order payment account and direct deposit programs, payment inquiry or issues
- Outbound calls/e-mails to collect outstanding balances
- Creates invoices or receipts in Oracle
- Assist with Personal Website issues relating to NSF situations, cancellations and general policy and procedure questions
- Recommends accounts for Termination due to unpaid balances
- Handles payment/refund issues from consultants, customers or other internal departments
- Tracks and resolves any duplicate authorization issues that may occur due to system errors
- Handles entry of new applications and/or account changes for the order payment account and direct deposit programs
- Handle inbound/outbound phone calls and e-mails from consultants and customers while providing direction as needed to Specialists to meet department service levels
- Handle escalated calls, complaints and questions from consultants, customers and Specialists
Qualifications for financial services risk management
- Professional qualification(s) such as CFA, FRM or equivalent are preferred
- Experience at a director level role in consulting or, if from industry, with deep knowledge of a sector
- Capability to lead transformation projects and work effectively with enthusiasm and drive as a member of highly technical teams as required
- Candidates with less experience will be considered for Manager or Associate Director position
- Development of quantitative risk models (credit, market, liquidity risk, IRR, ), model documentation and process description development
- Managing the engagement team and providing quality assurance of results prepared by junior staff
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Financial Services Risk Management Job Description
Job Description Example
Our company is searching for experienced candidates for the position of financial services risk management. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for financial services risk management
- Manage documentation as needed for district’s risk management program
- Maintain sophisticated claims/risk management computer information system
- Provides support, direction, monitoring and coaching to Specialists in all areas
- Act as a Subject Matter Expert (SMR) as it pertains to systems, policies and procedures
- Responsible to ensure a service-oriented and professional working environment by assisting the Manager which will drive the team members’ performance
- May be required to complete evaluations on the members of the team or verbally provide the Manager with information about the performance of the team
- Continue to work towards meeting the department objectives, including collections, service level, quality and OPR
- Actively participates in daily, weekly, monthly department meetings, as needed
- Assists Manager with weekly reconciliation, RMA refund and payment batches, month-end close processes for AR and other projects as needed
- May be part of interviews with potential coworkers and provide input of the candidates
Qualifications for financial services risk management
- Delivers exceptional client service
- People development (inside and outside the engagement team)
- Delivering and presenting engagements, identifying financial and business risks, analysing business processes and controls, developing and implementing controls testing for work programmes to provide assurance over the design and operating effectiveness of controls, drafting reports and agreeing the draft findings and recommendations for improvement with client management
- Good understanding of banking business and processes
- Higher education in math or math methods in economy
- FRM/PRM/CFA certificate is an advantage
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Financial Services Risk Management Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of financial services risk management. 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 services risk management
- Build network across the industry and enable collaboration and reuse of model risk management practices and expertise across the firm
- Demonstrates proven abilities and success with utilizing an analytical mind-set and creative problem-solving abilities when applying regulatory requirements in a business environment and model risk management areas
- All above actions must be completed with the responsibility for attaining measurements in support of reduction of bad debt, protection of corporate revenue, one-call resolution, improvement of consultant satisfaction, cycle time reduction and support of corporate policy and process
- Perform Exit strategy and annual review of adverse news for high AML/CFT risk customers
- Provide support to any request for information from Group Regulatory Compliance Unit
- Assess processes and develop requirements to re-engineer them
- Identification of controls and/or assessment of pre-existing ones
- Facilitate the evaluation, selection and implementation of supporting systems and tools in the space of information repositories, automation, controls, reporting
- Provide strong analytical skills and knowledge of risk-related regulations
- Lead and manage large cross functional teams for successful project delivery
Qualifications for financial services risk management
- Ability to successfully adapt communication and presentations to different forums (from technical/operational to executive)
- Bachelor’s degree required in finance, business administration or accounting
- Experience in deep dive analysis and has the desire to problem solve
- Ability to handle tight deadlines and conflicting priorities
- Degree or diploma with minimum 2 years of AML/CFT experience
- Bachelor's and/or advanced degree with a concentration in Data Analytics