Risk Consultant Job Description
Risk consultant
provides risk advisory service, including recommendation of risk mitigation options, on technology, information and cyber risks associated with new banking services, digital transformation initiatives and third-party arrangements.
Risk Consultant Duties & Responsibilities
To write an effective risk consultant job description, begin by listing detailed duties, responsibilities and expectations. We have included risk consultant job description templates that you can modify and use.
Sample responsibilities for this position include:
Provide subject matter expertise to other partners
Attend industry conferences and seminars, as necessary
You will work closely with senior stakeholders on a range of assignments, for example performing reviews of risk documentation
Information Technology Audit
Deliver other project controls services eg
Support development of the Risk Analytics practice by driving initiatives around market research, capability development, thought capital, knowledge management
Obtain and verify client data attributes using authorized validation sources
Ensure client data is up-to-date and correct per policy guidelines
Input and maintenance of regulatory identifiers for transaction reporting requirements
Perform process analysis and provide inputs for change initiatives
Risk Consultant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Risk Consultant
List any licenses or certifications required by the position: CISA, CIA, CISSP, CTPRP, CPA, CISM, CRISC, III, CIPP, ISACA
Education for Risk Consultant
Typically a job would require a certain level of education.
Employers hiring for the risk consultant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Engineering, Management, Business, Education, Mathematics, Economics, Finance, Health, Statistics, Computer Science
Skills for Risk Consultant
Desired skills for risk consultant include:
Banking-related products
Regulations
Services and relate how their associated risks may impact both U.S. Bank from a third party perspective
Applicable laws
HIPAA
Tools
Cyber threat indicators
Risk/Compliance/Audit competencies
PCI
Financial services
Desired experience for risk consultant includes:
Strong understanding of regulatory requirements such as EMIR, MiFID, Dodd-Frank
Lead role experience
Demonstrated knowledge of OFAC compliance requirements and experience managing a compliance function or OFAC screening systems in the payments, money transmitter or banking industry
Demonstrated ability to operate in a team-oriented environment with diverse teams
Ability to leverage consultant resources and lead teams to achieve project objectives
Demonstrated ability to evaluate the current state, identify gaps and weaknesses, define a path to solution, and develop and execute a plan to achieve success
Risk Consultant Examples
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Risk Consultant Job Description
Job Description Example
Our company is searching for experienced candidates for the position of risk consultant. 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 consultant
- Evaluate the effectiveness of the client's controls of the hazards and exposures associated with the client's operations
- In addition provide clients with guidance on OSHA compliance
- Provide loss control consultations to clients – approximately 60% of service time is dedicated to loss control consultation
- Command of commercial insurance program structures and the collateral requirements of those programs
- Knowledge of risk finance structures including captive insurance structures and other alternative risk programs with the ability to develop pros and cons of solutions and outline the related financial and accounting implications
- Comprehensive understanding of actuarial analysis and actuarial methods and be able to read, interpret and explain the analysis
- Knowledge of and constructive relationships with key individuals in the insurance industry, alternative risk, primary casualty, credit, captive insurance, and accounting and tax specialists
- Prepare diagrams, reports and presentations to outline key analysis conclusions
- Effectively communicate financial and accounting topics and analysis with a wide variety of audiences and lead projects to conclusion
- Autonomous identification of key tasks for a project without a formulaic model or plan
Qualifications for risk consultant
- MBA, CPA, CMA, CISA, CISSP, CIA- any are preferred
- 5-7 years of financial audit is preferred with IT audit experience financial management experience a plus
- Familiarity with credit risk measures for the purpose of financial instruments impairment and/or capital requirements calculation (PD, LGD, EAD)
- MS Office (Excel, Word and PowerPoint) proficiency
- Experience leading teams toward a common goal and finalization of deliverables
- Ability to effectively manage tasks and staff on quick turnaround deadlines in client-facing environments
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Risk Consultant Job Description
Job Description Example
Our growing company is looking to fill the role of risk consultant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk consultant
- Coordinates with Lead Consultant, Manager, Senior Manager, or Partner on all phases of the engagement, including execution of the project deliverables, communications with the project team, staffing requirements, job planning, and scheduling
- Advises and assists clients on operational risk processes, programs and initiatives
- Assists clients with operational risk activities required to comply with regulatory expectations
- Conducts operational risk assessments to identify opportunities to enhance control environment
- Conducts operational risk testing
- Promptly brings to the attention of the Lead Consultant, Manager, Senior Manager, Project Manager, or Partner any issues or questions that could potentially result in alterations to the project parameters, costs or deadlines
- Able to work collaboratively and effectively with insurer risk control representatives
- Reviewing insurer reports and recommendations and giving your best advice to our clients regarding such
- Keep abreast with financial markets in general and specifically regulatory developments
- Lead the contractual process (interact with outside legal support)
Qualifications for risk consultant
- Strong presentation development and writing skills (e.g., proficient in Microsoft PowerPoint and Word, storyboarding)
- Candidates must reside in the Washington, DC metropolitan area
- Bachelor's degree, or equivalent work experience with Treasury Management or International products
- Provide leadership to the Division Risk Managers in guiding and directing risk activities associated with all risk disciplines of operational risk and controls within their divisions
- Ability to lead and manage a team, excellent written and verbal communication skills
- 2+ years of professional level project management experience
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Risk Consultant Job Description
Job Description Example
Our company is searching for experienced candidates for the position of risk consultant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk consultant
- Confidence in managing a busy work load, able to adapt to changing priorities and proactively deliver numerous activities / programmes of work
- Educating, influencing and challenging managers in the business in relation to their thinking about regulatory services from new perspectives, and supporting them through the process when understanding of, and interest in, this area may be limited
- Identifying how changes will impact on the 1825 advisory business, and ensuring amendments are made when the business landscape is constantly changing and the individual business units are not your main area of expertise
- Teach courses and train others within PSD to be instructors
- Collaborate with internal organizations, ie education, product management, R&D, pre-sales, to share and coordinate material as appropriate
- Work within this thriving Manchester team to manage the delivery of flood risk, water engineering, and drainage solutions on projects for a range of public and private sector clients within the UK
- Work with our technical specialists in Manchester and other parts of the UK
- Work on hydrology, flood risk models and mapping
- Work with clients on complex flood risk issues to achieve the best possible outcomes
- Managing the scope and scale of services delivered to a portfolio of clients, based on client expectations, underwriting requirements and service cost constraints
Qualifications for risk consultant
- NIST 800 series and FISMA
- Your intellectual curiosity allows you to absorb new concepts quickly, think independently and develop creative and novel approaches to help our clients solve their problems
- Strong interpersonal, organizational and communication skills help you to cope with the demands of day-to-day business on projects
- Since we run a global business, a willingness to travel frequently is required (65% - 100%)
- To ensure that revenue from this portfolio is profitable and to expand business lines and service delivery where appropriate
- Strong reporting, testing/monitoring and exception/resolution experience
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Risk Consultant Job Description
Job Description Example
Our growing company is hiring for a risk consultant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk consultant
- Keep abreast of trends and changing regulations within the industry by attending seminars or classes relevant to the Risk Consultant position
- Assisting in the scoping and defining of projected work effort and resource plans
- Solution design, configuration, implementation and testing
- Creating and reviewing documentation
- Interacts with agents and insureds to promote loss prevention solutions and provide a high level of service
- Makes presentations to insured's and industry events on safety and risk engineering topicss
- Identifies and produces new programs to promote and support loss prevention goals and customer needs
- Ability to research and develop technical safety guides
- This individual will be responsible for re-writing information security policies as directed by management
- In addition, this individual will be responsible for the validation of information security related issues
Qualifications for risk consultant
- Demonstrated experience with credit/market risk type models (e.g., ALLL, PD/LGD, Roll Rate, VAR, SVAR)
- Demonstrated understanding of the unique components and behaviors of those portfolios noted above and processes, such as loan origination and underwriting
- Use knowledge of the capital markets business – notably Brokerage, Securities Lending, Transition Management and FX to identify and assess associate strategic and operational risk and act as a link to other risk disciplines
- Provide timely and clear interpretation/guidance on new/existing corporate risk related policies and business unit procedures
- Serve on internal governance bodies and/or work streams related to client take-on and implementation activities, new operating models, and business process migrations to identify, analyse, mitigate, report and escalate risks, as required
- Planning & Organizing Teamwork
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Risk Consultant Job Description
Job Description Example
Our innovative and growing company is looking for a risk consultant. 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 consultant
- Meet with clients to identify security gaps and needs of each client that can then be addressed through a consolidated cross functional security services approach
- To provide quality assurance to reports and recommendations, ensuring that appropriate security advice is provided to clients
- Identify opportunities to use Risk Intelligence and analytics to provide value to clients and to create a strong platform for dialogue with the clients security team
- Review (and document review of) 2052a to confirm no data issues
- The ideal candidate will have 2052a and Axiom experience with an understanding of regulatory expectations on 2052a
- To have extensive responsibilities right from the beginning and to be in charge of analysing banking business together with designing solutions or even managing your own project
- Participate in occasional client meetings to provide expertise regarding the firm’s ability to provide risk and loss services
- Attend sales calls at the request of the sales team to demonstrate how the service team can assist prospective clients with accident prevention, regulatory compliance and large exposure minimization
- Attend service calls to initiate elements of an established service plan or to help with projects and services in progress
- Provide effective loss control and value added services for World Class clients
Qualifications for risk consultant
- Excellent interpersonal and consultancy skills, positive and innovative outlook
- Involved in the administration of clients with regards to all aspects of their employee benefits working closely with the other consultants within the team
- Assist with re-broking exercises, analysis and verification of providers' contract terms
- Deal with queries from clients
- Maintain quality control procedures
- Bachelor’s Degree in Business, Mathematics, Economics or Finance is required