Risk Assessment Job Description
Risk assessment
provides support and guidance regarding best practice, regulatory, and legal compliance, including PCI, HIPAA, NIST, PIPEDA, and GDPR.
Risk Assessment Duties & Responsibilities
To write an effective risk assessment job description, begin by listing detailed duties, responsibilities and expectations. We have included risk assessment job description templates that you can modify and use.
Sample responsibilities for this position include:
Assists and participate in risk identification workshops, and coordinate with work streams for ICAAP& CCAR regulations and /or other regulations issued by the Federal Reserve
Coordinate and facilitate cross-divisional cross-regional efforts in order to leverage existing processes and frameworks
Ensure milestones are delivered as planned
Identify risks and develop remediation plans
Manage communications with stakeholders
Prepare for and support presentations to the RA Steering Committee
Lead execution of the plan to converge the AML/OFAC RA with the Compliance RA
Create program governance documentation and enhance governance frameworks
Contribute and oversee process enhancement activities including SharePoint development and reporting automation
Prepare Steering Committee material and chair meetings when the Program Manager is unavailable
Risk Assessment Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Risk Assessment
List any licenses or certifications required by the position: CISSP, CISA, ACAMS, CISM, IAPP, ISACA, ISO, NIST, CRISC, CAMS
Education for Risk Assessment
Typically a job would require a certain level of education.
Employers hiring for the risk assessment job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Business, Finance, Computer Science, Education, Engineering, Accounting, Management, Information Systems, Graduate, MBA
Skills for Risk Assessment
Desired skills for risk assessment include:
Bank systems
Excel
Processes
HIPAA
NIST
Regulations
Local tree species and species specific growth rates
Tools
Methods
ISO
Desired experience for risk assessment includes:
In-depth knowledge and understanding of compliance practices and methodologies, including risk assessment, monitoring/ surveillance and testing activities
Desire to work in a collaborative environment, develop and drive strategic direction contribute day-to-day on implementing tactical solutions
Minimum of three (3) years people and business management experience (not including a supervisory role) and proven leadership with the ability to lead, coach and guide members of the Risk Assessment team
Strong knowledge and understanding of AML and Sanctions regulatory requirements, money laundering and Sanctions risks with respect to business lines, geographies, client types, products, services, and transactions
Strong communication skills (verbal and written) with the ability to draft reports, procedures, presentations, and business correspondence, present information and respond to questions/requests for information from peers, senior management, business groups within and across the Global Anti-Money Laundering Department
Strong interpersonal skills are critical to working in a cross-functional team environment and interacting with global compliance, bank operations and line of business management responsible for the execution of the TDBG’s overall AML Compliance program
Risk Assessment Examples
1
Risk Assessment Job Description
Job Description Example
Our company is searching for experienced candidates for the position of risk assessment. 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 assessment
- Establishing and maintaining the ORSA framework
- Guiding and directing risk and solvency assessment activities for the specific insurance businesses
- Identifying gaps existing in the risk management arrangements against ORSA requirements
- Preparation of the ORSA report
- Communication of ORSA results
- Work closely with audit teams for consistent implementation of audit risk assessment framework
- Coordinate development of the annual audit plan, evaluate the plan, enhance analytical reporting of the plan, and produce presentation of the plan to the Audit Committee
- Initiate auditable universe reviews and updates
- Gather and review relevant information from other SunTrust corporate functions, external auditors, consultants, peers, and external publications/events for potential implications to the audit risk assessment, audit strategy, and audit plan
- Communicate risk and control issue themes to SAS teammates for timely incorporation into audit risk assessments, audit strategy and audit plan
Qualifications for risk assessment
- Four or more years in consumer protection, legal, regulatory bank compliance, consumer non-lending areas and/or product management, or consumer banking audit
- Regulatory compliance representative with experience performing consumer compliance functions
- Experience with large Local Area Networks, Wide Area Networks, vulnerability management, Security Technical Implementation Guides (STIG) compliance and must be familiar with Incident Response, Security Analysis, and Nessus
- Familiarity of regulatory and corporate requirements such as SOX and SSAE16, MAS
- Understand Business Impact Analysis (BIA), Business Continuity Plans (BCP) and Technology Recovery Plans (TRP)
- Provide advisory support on audit & regulatory, business continuity, threat & vulnerability management issues and risk and control projects
2
Risk Assessment Job Description
Job Description Example
Our growing company is hiring for a risk assessment. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk assessment
- Payment processes and account maintenance
- Supporting the development and provides training for the Risk Management processes to global teams
- Serve as a risk management expert providing meaningful input to ensure risk drivers are appropriately considered, assessed, and prioritized
- Evaluate the appropriateness of the audit response to changes in risk ratings
- Maintain strong knowledge of and stay current on trends and events in financial services industry
- Identify and implement continuous improvement initiatives for the audit risk assessment framework and methodology, including audit universe, audit strategy, and audit plan
- Align behavior and actions of self and others with SunTrust guiding principles
- Oversee the operation of a framework in close coordination with the global functional team, regional stakeholders
- Engage with stakeholders within and outside of compliance to explore avenues to enrich the CRAR process, user experience and utility
- Coordinate the training and launch of annual risk assessments, Quality Assurance over responses and drive completion within prescribed timelines
Qualifications for risk assessment
- Expertise in the risk & controls testing including risk identification, control evaluation, testing, sampling methodologies, technology controls, audit engagement process, controls substantiation
- Excellent issue and action plan creation and management
- 10+ financial services industry experience with specific project management experience
- AML and Sanctions Compliance and Risk Assessment experience is beneficial
- Proven ability to build strong partnerships with colleagues, desire to learn quickly, be flexible an think strategically
- Strong strategic management and communication skills, strong management experience required
3
Risk Assessment Job Description
Job Description Example
Our company is growing rapidly and is looking for a risk assessment. 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 assessment
- Gain a detailed knowledge of the enterprise customer base, products, services, transactions, geographies, business initiatives, processes, strategies and associated controls
- Provide analysis of the firm’s current Capital Markets transactional business in cash and derivatives (rates, fx, commodity and equities)
- Identify the strengths and weaknesses of the current business strategy
- Assess the firm’s ability to execute that strategy
- Assess the risks involved in that strategy
- Provide valuable insights on moving the division forward
- Proximity Risk analysis, completeness and execution based on content provided in the Proximity Risk Assessments and associated results
- Concentration Risk analysis, completeness and execution based on content provided in the Concentration Risk Assessments and associated results
- Single Point of Failure (SPOF) analysis, completeness and execution based on content provided in the SPOF assessments and associated testing results
- Share observations identified from assessments / reviews with responsible parties
Qualifications for risk assessment
- Demonstrated ability to effectively manage stakeholders
- Demonstrated ability to obtain results through influence
- Demonstrated drive
- High degree of knowledge of financial markets and credit operations
- Demonstrated understanding of financial industry risks
- Experience of building and managing a team and relationships with senior stakeholders, ability to influence senior stakeholders and colleagues
4
Risk Assessment Job Description
Job Description Example
Our company is looking to fill the role of risk assessment. 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 assessment
- Evaluates issues/risks and makes recommendations based on analysis
- Implements EBCM best practices as they apply to business resiliency risk assessments
- Ensures compliance with industry standards and regulatory requirements
- Develops risk assessment evaluation criteria and executes vendor reviews
- Third party agencies’ various business functions including assessing business process controls, structure and system controls
- Areas of risk in connection with debt collection and communications
- Vendor information sharing and privacy policy and practices
- Consumer complaints, patterns and data to identify areas of improvement
- Prepares objective analysis and recommendations concerning findings
- Writes reports containing findings and recommendations for client review
Qualifications for risk assessment
- Associateship designation (or equivalent) from an actuarial organization
- 7 years of relevant insurance/actuarial experience
- Minimum 10 years working experience with Tier 1 financial institutions, including regulatory compliance experience
- Honours Degree, preferably in Finance, Law, Economics or equivalent
- Above average appreciation of the objectives and operation of risk and control frameworks within FIs
- Attention to detail and resourceful in exploring remediation options
5
Risk Assessment Job Description
Job Description Example
Our growing company is hiring for a risk assessment. 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 assessment
- Be responsible for executing the development/ongoing maintenance of Third Party Security Assessment processes and procedures which includes but it not limited to, onboarding, risk profiling, performing assessments, risk identification and communication, remediation and off boarding
- Assists senior staff or management with planning and scheduling fieldwork
- Studies and maintains current knowledge on developments in healthcare, debt collection pr, credit industry, information systems, security concepts and emerging issues
- Leading the facilitation and creating Risk Assessment documents
- Assisting to update and add to Risk Management process SOP’s and Work Procedures
- Collaborating and consulting with internal staff to determine product compliance requirements, related to the Risk Management process
- Contribute to the security strategy of the firm, including planning, execution and controlling responsibilities
- Lead internal and leverage external resources to operate and enhance the firms information security risk assessment program
- Performance manager for a team of employees, some of which are performance managers
- Develop and administer budget for projects and operational activities
Qualifications for risk assessment
- Experience authoring business requirements documentation and other general SDLC knowledge from the business perspective
- Strong academic record with minimum Bachelor’s degree in Finance, Accounting or a related discipline
- Fully qualified accountant or working towards qualification
- Experience of preparing and presenting risk reports
- Analysis and identification of risk trends in order to work out risk mitigation strategies
- Financial product knowledge across business areas