Risk Analysis Specialist Job Description

Risk Analysis Specialist Job Description

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Risk analysis specialist provides the systems needed by the Investment Bank, Wealth Management and Firmwide Risk to manage Credit Risk exposure of its global Front Office functions.

Risk Analysis Specialist Duties & Responsibilities

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

Sample responsibilities for this position include:

Processing of all relevant feeds and required adjustments to positions in the strategic systems so that data flow to the Regulatory reporting systems is of good quality
This data includes transactions, collateral and facilities for regulatory reporting purposes from core strategic source systems and non strategic sources (manual feeds) for all asset classes and business areas contributing to the monthly process
Processing of all relevant data sets from the risk feeds, branch ledger and sub ledgers required to perform the reconciliations for all asset classes and business areas required within the monthly process
Production of the reconciliations in line with control checks and the posted balance sheet using the platforms developed
Distribution of detailed break templates to respective contacts in product control, gathering commentary and working with stakeholders to understand root causes and resolve breaks
Ensures the creation of supporting documentation Business Requirements Document, Functional Specification Document
Managing requirements using Agile methodology user stories and helping drive the agile process forward by participation in backlog grooming, sprint planning, QA
Responsible for Quality Assurance of project deliverables and ensuring timely delivery against milestones for key artefacts BRD overall management of product backlog
Partner with the business to provide consultancy and translate the business needs to design and develop tools, techniques, metrics, and dashboards for insights and data visualization
Develop and refine risk management tools and systems (including dashboards, actions plans, indicators, risk-frameworks, metrics, and surveillance reports) in collaboration with cross functional teams

Risk Analysis Specialist Qualifications

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

Licensing or Certifications for Risk Analysis Specialist

List any licenses or certifications required by the position: SAS, SQL

Education for Risk Analysis Specialist

Typically a job would require a certain level of education.

Employers hiring for the risk analysis specialist job most commonly would prefer for their future employee to have a relevant degree such as Master's and Bachelor's Degree in Performance, Business, Finance, Economics, Management, Engineering, Accounting, Design, Mathematics, Statistics

Skills for Risk Analysis Specialist

Desired skills for risk analysis specialist include:

Applicable Paychex products and their corresponding systems to assist clients
Paychex departments with resolution of funding issues while mitigating potential losses
Bank of America systems - CRP and Credit Studio
Chart of Accounts hierarchy
Insight General Ledger
Regulatory requirements for Fair Lending
SAP
Balance Sheet management and be able to challenge certain Accounting
Bank of America systems - Everest
Banking industry with exposure to mortgages

Desired experience for risk analysis specialist includes:

Undergraduate Degree or Community College Diploma in computer science, or technical or engineering related discipline is desirable
Basic understanding of credit risk and financial products such as Loans, Bonds, Equities, Derivatives
Preferably with advanced MS Excel skills
Bachelors Degree in Finance related courses ( Accountancy, Business, Economics and Banking & Finance) or Computer Sciences & Information Technology
Continuous process improvements and SME expertise for specific Change Initiatives IFRS 9
Manage the RDARR Governance within Finance

Risk Analysis Specialist Examples

1

Risk Analysis Specialist Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of risk analysis 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 risk analysis specialist
  • Responsible for product performance monitoring and reporting, which includes providing regular risk analytics and metrics updates
  • Support projects to identify information sources, develop data-driven risk analyses and develop decision-analytical frameworks in a complex quality environment
  • Participate in the development of organizational risk management policies, procedures, and training to ensure ongoing support of excellence in quality
  • Participate in the development and management of risk prevention and mitigation strategies
  • Support the activities that are required of Global Risk Management by applying sound analysis methods, producing well-structured visual outputs and reports
  • In collaboration with cross-matrixed teams, support the development of integrated risk-based approaches to collect, standardize, analyze maintain risk-assessments and plans to support Global Operations activities
  • Maintain the strategy inventory
  • Primary responsibility will be to continue to develop and enhance controls to ensure efficient and effective management of GRA’s funding and costs across Base, Initiative and TCOA
  • In addition there will be a requirement to improve reporting and analysis of the group’s costs and allocation of those costs to revenue generating businesses
  • Assist with annual budgeting and target-setting and provide tracking and reporting throughout the year against projections
Qualifications for risk analysis specialist
  • Assess Risk Close process from a BCBS 239 perspective, identify gaps, coordinate prioritization and drive resolution based on various data points Dashboards, ME issues, Audit findings
  • Ensure proper load balance amongst team members
  • Review MIS pack production/distribution and trend analysis and associated reports for key stakeholders around key process indicators, monthly submissions and the aforementioned data quality
  • Degree specialized in a Science, Technology, Engineering, Mathematics discipline
  • At least 1 year of experience in Risk Management
  • 1+ years of experience working with and demonstrating knowledge of data governance, data quality management concepts and data quality tools
2

Risk Analysis Specialist Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of risk analysis specialist. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk analysis specialist
  • Monitor initiative related spend across the group to ensure variances to forecast are understood, risks and issues are escalated and opportunities are explored and acted upon
  • Ensure the group are compliant with Enterprise Change standards across a substantial portfolio of projects
  • Coordinate project and program set up and maintenance across enterprise systems (PCM and PPRT)
  • Execution of ad-hoc tasks as required across the span of team activities
  • Develop expertise and point-of-views on key models
  • Participate in data projects and model development
  • Lead for Spreadsheet Validation program level projects / initiatives
  • Partnering with other segments to drive improvements in risk management procedures
  • Identify economic trends or emerging issues that may impact the credit quality of the portfolio
  • Conduct cross product credit risk analyses on an ad-hoc basis for senior management for emerging economic or portfolio trends
Qualifications for risk analysis specialist
  • Experience sourcing data and developing reports to monitor compliance with underwriting policies and limits across a variety of consumer and small business credit products
  • 10+ years experience in predictive modeling, econometric forecasting and advanced analytics
  • Technically proficient in programming (SAS and SAS macros language, SQL, PL/SQL, UNIX scripting, BTEQ, VBA), database technologies (Teradata, SQL Server, DB2, Oracle, MySQL, AllFusion/ErWin), statistical modeling (SAS/STAT, STAT/ETS, SAS Enterprise Guide, Enterprise Miner), and Microsoft Office
  • Masters degree in a computer science and/or analytical discipline
  • Interact with business partners in order to understand client needs, credit policies, and business processes
  • Risk Management, Analytics, and Quality
3

Risk Analysis Specialist Job Description

Job Description Example
Our company is growing rapidly and is hiring for a risk analysis 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 risk analysis specialist
  • Identify areas of improvement in the development of data aggregation and risk reporting, and work with relevant stakeholders to determine suitable solutions
  • Ensure key trends, issues, and watch items are brought forward into management summaries clearly and accurately
  • Partner across lines of business with other data program managers to ensure consistency and integration of program requirements
  • Develop and implement a plan to disseminate controls across the credit risk reporting teams
  • Drive integration of activities with the Enterprise Credit Risk Data Operations and Strategy team
  • Reviewing and approving new account strategies to ensure company goals are met
  • Establishing program performance guardrails and evaluating performance
  • Own Global GAS Repairs Catalog which is a repair cost projection for each of the segmented capital repair part
  • Own the Repair Catalog tool (RepCAT) and integration with the AutoCAT tool to publish catalog fees
  • Monitor repair cost by component, understand outliers & work with the GRS team to address impact to contracts and catalog
Qualifications for risk analysis specialist
  • Must have basic understanding of Good Manufacturing Practices (GMP) regulations and guidances (ICH, CFR, PIC/S, ) as related to Pharmaceutical and Biotech Manufacturing
  • Practical knowledge of process analysis, standardization, continuous improvement, Lean, Six Sigma, and operational excellence
  • Practical knowledge of database systems and reporting (e.g., Oracle, SQL Server, Business Objects)
  • Must possess strong verbal and communication skills, and a well–developed ability to constructively work across functional areas and levels to achieve results
  • Expertise in project management principles and application including the ability to manage multiple projects simultaneously
  • Proficiency in developing presentations to facilitate meaningful discussions, with clearly communicated analysis, findings, and impact
4

Risk Analysis Specialist Job Description

Job Description Example
Our innovative and growing company is looking for a risk analysis specialist. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk analysis specialist
  • Work closely with the regional risk teams, productivity teams and finance to proactively manage cost and cycle reduction
  • Execute risk identification, quantification, and mitigation strategies as they apply to capital parts repair and shops in the GRS network
  • Help to improve data quality and overall controllership around repair cost completeness and process simplification as it relates to Capital part repairs
  • Assisting in efforts to develop solutions to address emerging Consumer Risk issues
  • Helping manage broad work efforts, ranging from developing process automation strategies to managing the team’s resource and budget plans
  • Delivering analysis and explaining Value At Risk (VaR), Stressed Value At Risk (SVaR), Incremental Risk Charge (IRC), Risk Weighted Assets (RWA) and Economic Capital (EC)
  • Stress testing analysis, explaining and specifications
  • Providing analytical support to Risk Managers to facilitate risk management / business decisions
  • Contributing to methodological enhancements, including quantitative impact analysis
  • Developing reports to facilitate robust risk management practices
Qualifications for risk analysis specialist
  • Must demonstrate the ability to grow and perform in areas of broader responsibility
  • Operational experience supporting risk management or analytics projects in a pharmaceutical or a related regulated industry, is required
  • Minimum of 3 years of experience with risk management/analytics approaches
  • Bachelor's Degree in Finance, Accounting, Business, or related discipline
  • All tasks required to perform above activities are considered within work scope
  • Education of MITAC members about professional knowledge in PRA activity and in-service safety activity
5

Risk Analysis Specialist Job Description

Job Description Example
Our growing company is hiring for a risk analysis specialist. 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 risk analysis specialist
  • Supports the contract development and maintenance process and ensures consistent management of all contracts
  • Supports the initial development of and continuously maintains standards for contracts, including payment terms and conditions, Key Performance Indicators, Service Level Agreements, and general language and provisions
  • Supports procurement contract negotiations, assisting in low-to-medium complexity, low-to-medium contracts where appropriate
  • Loads and securely maintains contracts in internal databases
  • Maintains database of contract templates and contract records and communicates contract renewal notices
  • Evaluates the terms and conditions of a variety of contracts (e.g., professional services, license, goods and services, confidentiality, consulting)
  • Provides administrative support for the analysis and development of strategies for contract negotiations
  • Collaborates closely with various department and category leaders in the contract development process
  • Interfaces with Risk, Legal and HR representatives regarding insurance coverage and Legal and other HR requirements
  • Maintains and communicates deadlines on contract deliverables
Qualifications for risk analysis specialist
  • High proficiency with MS Excel, Visio, Power Point, SQL
  • Knowledge of Financial Reporting, Commercial Credit Analysis, PD/LGD modeling
  • Proficiency with GDA, LaTeX, Perforce, SAS
  • Ability to work with Technology to deliver a HLD &LLD documents that can be leveraged for UAT and implementation into production
  • 5+ years commercial or small business lending credit experience
  • SAS/SQL Data Mining

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