Risk & Control Analyst Job Description

Risk & Control Analyst Job Description

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Risk & control analyst provides oversight and draw insights across regulatory risk, compliance and operational risk matters to the Consumer Banking business division.

Risk & Control Analyst Duties & Responsibilities

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

Sample responsibilities for this position include:

Support the Control Officer with the management of the RCSA process
As assigned, audit routine functions to confirm that mortgage and consumer loan servicing (installment loan, HELOC, and lease) processes have been performed in accordance with the Federal, Bank and Investor (Freddie Mac, Fannie Mae, Ginnie Mae FHA and VA) Requirements, Government Regulations (RESPA, FACTA, Reg
Manage, maintain and update the Business Continuity plans for all of servicing
Identify and assess risk and control
Document procedural mappings
Design Effectiveness Testing, including walkthroughs and deficiency identification
Operate Effectiveness Testing, including test work/documentation of test scripts, and deficiency identification
Work closely with Internal Audit and department managers to ensure the timely resolution of audit findings
Manage the account certification process to ensure accountability by owners
Partner with stakeholders from ORM, Risk and Control and various Back Office departments to establish SOX and ORM best practices

Risk & Control Analyst Qualifications

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

Licensing or Certifications for Risk & Control Analyst

List any licenses or certifications required by the position: CISA, CISM, CISSP, CRISC, CIA, MBA, CPA, CRM, CRCM, RMA

Education for Risk & Control Analyst

Typically a job would require a certain level of education.

Employers hiring for the risk & control analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Accounting, Business, Economics, Mathematics, Management, Engineering, Computer Science, Statistics, MBA

Skills for Risk & Control Analyst

Desired skills for risk & control analyst include:

Global Custody
Process and regulatory environment would be well regarded
Division
Related industry
Financial instruments
Operational risk concepts
Principles involved in compliance and risk management
SOX and other regulatory requirements
Applicable laws
Financial services

Desired experience for risk & control analyst includes:

Bachelor’s degree in finance or business related field preferred
Ability to work with all different levels of staff and management
Understanding of project management and the project life-cycle
Ability to jump into projects/initiatives mid-stream and ensure a successful solution/resolution
Possess ability to creatively and productively consult/confer with management and business users on process improvement initiatives
Ability to write/execute Oracle SQL queries from multiple metadata sources and schemas required

Risk & Control Analyst Examples

1

Risk & Control Analyst Job Description

Job Description Example
Our growing company is looking to fill the role of risk & control analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk & control analyst
  • Understand valuation method and P&L result produced from various Financial Products & Derivatives
  • Perform monthly and other periodic reporting tasks
  • Perform other day-to-day or ad-hoc internal control tasks
  • Answer or escalate queries received from FM, HO, management or other stakeholders in a timely and accurate manner
  • Participate and support in various internal projects led by MRMPC
  • Perform daily Market Risk report production to be agreed with front office
  • Analyze Market data and parameters used for risk control
  • Review Market risk result in compliance with new book structure and business structure
  • Support to meet regulatory requirements in terms of Market risk Control
  • Provide external and internal audit and regulatory exam support as needed (ex
Qualifications for risk & control analyst
  • Proven ability to communicate effectively in both oral and written form
  • 3+ years of strong demonstrated working knowledge of, and skill in, the Microsoft Office Suite including Outlook, Word, Excel, Sharepoint and PowerPoint
  • Business Objects, SAS experience desired specifically with the design & development of Web Intelligence reports
  • Working knowledge of SharePoint site administration
  • CACS/Cognos experience a plus
  • Advanced PC skills, specifically with Word, using mail merge, tables, integration with other applications, and Excel, using pivot tables, macros, spreadsheets, downloading, importing and exporting files
2

Risk & Control Analyst Job Description

Job Description Example
Our innovative and growing company is looking for a risk & control analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk & control analyst
  • Coordinate all annual insurance reviews and renewals
  • Model risk-related reporting to the enterprise, including development and execution of ad hoc and business-as-usual reporting
  • Analysis of model inventory and related data, including critical analysis of supporting data
  • Development and refinement of model risk-related communications with the enterprise
  • Implementing a strategic technology platform to support the enhanced Model Risk Management Framework, including support of and participation in user acceptance testing
  • Implementation of governance and operational oversight relating to the Model Risk Management Framework and the Operational Risk Management Framework (the latter as it relates to models)
  • Assist in performing in-depth reviews of key regulatory compliance areas to identify control enhancement opportunities
  • Participate in ongoing convergence efforts with other firm risk and control disciplines (e.g., S404, Internal Audit, Operational Risk, ) work with key project managers throughout the business and supporting areas to identify risks and required controls
  • Draft presentations to Senior Management
  • Coordinate meetings with management, including senior management, to review audit results and to discussecommend process improvements
Qualifications for risk & control analyst
  • Ability to identify risks and assess adequacy of controls being able to make suitable recommendations for control enhancements
  • Diploma or Bachelor Degree in Computer Science or equivalent
  • Professional certifications like CIA, CRISC, CBCP, CRMA will be advantageous
  • Control oriented mindset a must
  • The ideal candidate has a bachelor’s degree
  • 1- 2 years of relevant industry experience is a plus
3

Risk & Control Analyst Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of risk & control analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk & control analyst
  • Insures department methodologies, project delivery processes, and implementation management processes are followed
  • Responsible for SOX related program
  • Assists in various tasks as the need arises when requested by Unit Head
  • Maintain test methodology and perform testing of identified key controls
  • Develop creative approaches to displaying data trends, results of analyses, to effectively communicate with varied reviewers such as ACL managers, line-of-business managers, oversight committees, the Board, regulators, and internal / external auditors
  • Support responses to requests of information, documentation, required by internal / external auditors and regulators
  • Provide daily ACS service monitoring , incidents reporting, organizing incidents resolution
  • Manage the relationship between various Audit groups (Internal Audit, External Auditors) and the relevant operation�s team under review
  • Work on inter-departmental projects (IT system modifications/enhancements, management reporting and process design, Accounting reconciliation)
  • This position has the ability to independently assess routine non-routine control issues and determine if and when to escalate to management, appropriate legal counsel and/or business unit personnel
Qualifications for risk & control analyst
  • Minimum of 6‐7 years working experience with at least 3‐5 years of experience in risk & control or audit in banking environment
  • Operating vulnerability assessment tools, including network scanner and host-based network scanners
  • Extensive knowledge and experience in IT Security and Information Security (both technical and organizational requirements)
  • Proficient in spread sheets, word processing and database software and/or business systems (Word, Access, Excel, PowerPoint)
  • Open to changes
  • High degree of proficiency in Microsoft Excel, Word, Visio, Access and PowerPoint
4

Risk & Control Analyst Job Description

Job Description Example
Our company is looking for a risk & control analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk & control analyst
  • Analysis of credit risk system data feeds
  • Assistance in preparation of data feed specifications and the running of user tests
  • Production of and commentary on regular MIS reporting for the credit risk and business unit management
  • Review of regulatory reports for accuracy and completeness
  • Production of ad-hoc and recurring Credit Risk Reports
  • Collaboration with our global credit management teams in New York, London, and Asia
  • Maintain the End User Computing (EUC) Inventory for Group Operations in compliance with the Control Services-designed EUC Guidance document & Bank-wide Policy
  • Analyse operational risk incidents with the relevant HR teams
  • Ensure appropriate action plans are developed and implemented to improve processes and prevent incidents
  • Finalize and enhance the Risk and Control Self-Assessment
Qualifications for risk & control analyst
  • Understanding of risk management department (organization/function)
  • Strong Microsoft Office experience / skills
  • Oracle Financials, Charles River Development, PeopleSoft, Salesforce, Eagle Systems and Transfer Agency applications
  • Team player and able to work in collaborative manner
  • Minimum undergraduate degree in accounting, finance, economics or related discipline required
  • Knowledge of financial products and businesses, especially of Settlement businesses
5

Risk & Control Analyst Job Description

Job Description Example
Our growing company is hiring for a risk & control analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk & control analyst
  • Develop creative approaches to displaying data trends, results of analyses, to effectively communicate with varied reviewers such as ACL managers and line-of-business managers
  • Validate crude oil and natural gas prices on a daily basis
  • Ownership for crude oil and natural gas market curves, valuation pools and location adjustments
  • This individual will ensure adherence to risk and control standards and established policies and procedures by performing required self-assessment and control testing of the credit card program-arid-products
  • This will include effectively identifying issues, reporting to management on the issue(s), and helping to identify the required remediation efforts to resolve any gaps
  • Research, understand and track related banking and consumer credit regulations/laws by FRB, CFPB, CA State
  • Act as a key contributor to define and maintain an effective risk and control self-assessment program for Credit Card
  • Work with Enterprise Risk Management, Compliance, BSA/AML to ensure risk assessments align with overall bank strategies
  • Run valuation systems
  • Manage multiple pricing databases and information feeds / sources
Qualifications for risk & control analyst
  • Produce ad-hoc risk and control governance reports as required by management
  • Work with the risk team to collectively help embed the Enterprise Risk Management Framework (ERMF) and appropriate Operational Risk Standards requirements
  • Gather and manipulate data from various sources and stakeholders, ensuring it is timely, accurate and appropriate for presentation at the various Risk & Control Forums
  • Very good ability to assess, quantify, and effectively communicate issues, risks and controls
  • MI reporting / data analysis experience
  • The ideal candidate will have hands-on experience in risk management or anti-money laundering compliance operations

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