Risk & Compliance Manager Job Description
Risk & compliance manager
provides guidance and assistance to business unit management within the region regarding relevant regulations and the integration of regulatory requirements into business plans and processes.
Risk & Compliance Manager Duties & Responsibilities
To write an effective risk & compliance manager job description, begin by listing detailed duties, responsibilities and expectations. We have included risk & compliance manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Assist business lines in documenting the controls related to all relevant risk, compliance with laws and regulations, established compliance programs, internal controls and operational processes
Reviews regulations, accounting principles and new pronouncements to ensure they are incorporated into audit procedures and disseminated to the audit team
Develop and/or enhance management reporting (heat maps, dash boards)
Evaluate the resulting Compliance risk profile and trending overtime of business lines, Business Segments, Legal Entities
Manage Key Risk Indicator (KRI) program and lead quarterly update process
The Project Manager will be responsible for delivering executive status reporting
The PM will partner with Business Leads and Systems Leads, other organizational and enterprise partners, to successfully execute end to end project activities
Participate in pursuit efforts
Plan and manage internal audit reviews/projects of business (i.e., financial, operational, compliance)
Includes planning of the audit approach and scope, preparation of an audit program, determination of the auditing procedures to be used, identification of specialists needed
Risk & Compliance Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Risk & Compliance Manager
List any licenses or certifications required by the position: CAMS, CISA, CPA, PCI, CISM, CISSP, CIA, PMP, CGSS, CRCM
Education for Risk & Compliance Manager
Typically a job would require a certain level of education.
Employers hiring for the risk & compliance manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Business, Finance, Education, Economics, Business/Administration, Computer Science, Management, Information Systems, MBA
Skills for Risk & Compliance Manager
Desired skills for risk & compliance manager include:
Division’s business processes
Regulations
Business continuity
Information security and financial crime requirements / practices
Relevant financial services regulations
COBIT
Consult on the development of business requirements for new system implementations and enhancements
FINRA
Financial services outsourcing markets
General insurance
Desired experience for risk & compliance manager includes:
The Vendor Risk and Compliance Manager will adhere to and be able to demonstrate adherence to internal controls
Liaising with Compliance department to ensure compliance risk is appropriately managed by VRM
Undergraduate degree in the field of law, computer science or business administration
Certifications from CISSP, CISA, CRISC or CISM
Knowledge of technology life cycle including user acceptance testing, user interface applications/design
8 + years of business experience working in a medium to large corporation with management/supervisory experience
Risk & Compliance Manager Examples
1
Risk & Compliance Manager Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of risk & compliance manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk & compliance manager
- Implementing compliance testing/monitoring framework and other relevant counterparts
- Initiate and implement analytics system
- Conducts minimal business travel as required for this position
- Lead the Mortgage Compliance Complaint Review team
- Track and actively manage the resolution of mortgage-related risk and control issues, including but not limited to exam and audit findings, through the use of corrective action plans
- Coordinate Compliance participation in the Business Change Risk Assessment process
- Represent the Mortgage Compliance team in the Regulatory Change Management process
- Build, maintain, and utilize networks of client relationships and industry involvement and communicating our value proposition
- Manage and direct the execution of projects
- Providing oversight by independently reviewing, challenging and assessing Operational & Compliance risks, events and issues process, systems and people issues
Qualifications for risk & compliance manager
- To ensure the Business/user departments are equipped with knowledge and support to fulfill their role under VRM and ensure they value the benefit in effectively managing the risk with the vendor relationships
- The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Local Compliance Officer
- Knowledge of financial services compliance and operations and the financial services industry
- Practical knowledge of compliance and compliance processes
- Ability to work with all levels of management with a focus delivering results and managing timelines
- Strong relationship skills and an ability to influence others
2
Risk & Compliance Manager Job Description
Job Description Example
Our growing company is hiring for a risk & compliance 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 risk & compliance manager
- Act as an ambassador for the business
- Building internal network and constantly encouraging employees to uncover innovative ideas to improve our processes
- Coach team and take ownership of client issues at first point of contact
- Contribute to the development of the annual review plan for the Manager’s business perimeter by reference to the results of meetings with business and Compliance stakeholders on the one hand
- Supports country office startups, periodic compliance and programmatic reviews and closeouts in coordination with the Risk Director
- Initiate, lead and implement in-house Treasury projects for efficiency and improved risk management
- Interface back across the broader treasury team to ensure seamless alignment between change initiatives and our everyday FX processes
- Link in with tax, legal and reporting departments to ensure most efficient FX risk management
- Developing and maintaining compliance and risk programs to ensure proactive management of risks and demonstrable compliance
- Analyzing risk and compliance operational data
Qualifications for risk & compliance manager
- Experience in managing insurance programmes or audit will be a plus
- Fluent in English and Cantonese, Mandarin is preferred
- Masters’ degree in a quantitative field (Statistics, Mathematics, Engineering, Economics, Mathematical Finance) preferred
- Certification as CIA, and/or CISA
- Lead and perform regulatory compliance audits within a defined annual audit plan or as stand-alone engagements
- Develops and maintains compliance audit programs and defines scope of reviews based on limitations of budgets
3
Risk & Compliance Manager Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of risk & compliance manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk & compliance manager
- Responsible for documenting and maintaining alignment of baseline IT policies and procedures with risk, quality, and compliance
- Responsible for operational integration of repeatable quality and compliance monitoring controls to surveil compliance against regulatory, investor, and process requirements yielding a reportable format illustrating performance while identifying areas for improvement
- Design remediation and attestation approaches to drive IT improvement actions and results
- Provide subject matter expertise to service delivery for risk, compliance, and information security controls during the sales cycle and throughout delivery
- Provide effective contribution, support and challenge at both client and internal governance meetings
- To advise the business regarding effective governance arrangements
- Implement and maintain a comprehensive Information Security Risk Management program
- Develop the IT Risk Framework and its associated controls and reporting
- Work with IT, CISO and Internal Audit departments to identify, measure, and report on risk based on information assets
- Design and implement information systems controls in alignment with the organization’s risk appetite and tolerance levels to support business objectives
Qualifications for risk & compliance manager
- BA or BS in Business, Accounting, or related field
- Previous employee management experience
- Bachelor's degree in Accounting, Finance, Information Technology, MIS or related field
- 5+ years experience with a relevant bank regulatory agency (e.g., Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve, (Office of the Comptroller of the Currency (OCC))
- Familiarity with consumer financial products and services (lending, deposits, overdraft)
- Experience managing engagement involving consultation and advisory services to financial institutions involving Consumer Protection areas such as Compliance Management Systems, Fair Lending, UDAAP
4
Risk & Compliance Manager Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of risk & compliance manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk & compliance manager
- Ensures the accurate gathering of relevant business, regulatory, process, and system information
- Supports the IT Audit process to ensure its success
- Manages the IT policies, standards and procedures program
- Drafts Information Security deliverables to both internal and external partners on a variety of topics including, security breaches, policy governance
- To help to ensure that effective Risk monitoring and control systems are in place
- To setup complaints and quality control procedures
- To support the handling and resolution of customer complaints
- To analyse and assess relevant conduct risk management information to ensure all customer outcome risks are being appropriately managed and controlled
- To communicate efficiently with core departments to ensure they are aware of our team’s situation
- To implement changes in FCA/PRA and other associated regulatory and legislative requirements
Qualifications for risk & compliance manager
- Knowledge of risk structure, roles and resources
- Highly proficient in the use of Microsoft Office applications, particularly Excel
- A formal project management qualification would be helpful
- Bachelor's Degree in Accounting, Finance or other relevant degree required
- At least 6 years of Audit experience, preferably in financial institutions focusing on compliance
- Proficient PC skills in Access, Word and Excel
5
Risk & Compliance Manager Job Description
Job Description Example
Our growing company is looking to fill the role of risk & compliance 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 risk & compliance manager
- Participating in the annual assessment of the CSIM and IIMS Compliance test plans and carrying out the testing and the reporting to the Mutual Fund and ETF Board of Trustees, the CSIM Compliance Committee and Corporate Compliance division
- The senior manager routinely follows up on issues identified and escalates as warranted
- Financial Services, including BMO Insurance products and services
- Regulatory Compliance and Operational risk management and possesses the ability to analyze risk exposure
- As the Senior Member of a two-person team, you will own the function and deliver on the expectations from this function
- Establish a standard based InfoSec risk management framework to conduct InfoSec risk assessments at a project and program level (new projects, infrastructural changes, application/product changes, Third Parties and internal control lists)
- While conducting risk assessment, act as an advisor to business stakeholders, project managers and IT partners to both educate them on risks to information assets and also point out mandatory standards and policies
- Interpret technical threat and vulnerability assessments and translate to risk statements that can be discussed with stakeholders
- Maintain an updated register of all risk assessments, their results and constantly follow up on remediation activities
- Have a customer service mentality to focus on the needs of the customers
Qualifications for risk & compliance manager
- Experience required/preferred 2-3 years of work in pharmaceutical, device or healthcare industries with relevant exposure to compliance function or related components preferred - will consider other equivalent, highly regulated industry experience (e.g., financial services) in areas relevant to accountabilities listed above
- At least 5 year’s working in Financial Services
- Cyber Security and Network Security experience
- Assess taxability on invoices like TDS, Service Tax for India
- Accounting of tax and tax account reconciliations
- Provide Support for audit/tax regulatory requirements