Risk Controller Job Description

Risk Controller Job Description

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Risk controller provides support for the development and maintenance of Credit Risk Corporate Policies and Standards and as a subject matter expert across all enterprise business units on credit risk policy.

Risk Controller Duties & Responsibilities

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

Sample responsibilities for this position include:

Reporting accurate and timely capital usage information to Senior Management, the Business Unit and externally to Regulatory bodies
Creating SEC and External Regulatory Reporting in compliance with evolving guidelines
Leading Risk through the Firmwide annual Resolution & Recovery planning process including Firmwide crisis simulation
Production of daily, weekly and monthly Institutional Equities Division (IED) risk reporting metrics
Facilitate data collection process, analyze key risk indicators and contribute to the monthly metrics coordination effort
Ensure system availability for risk reporting and send notifications / escalation for issues, errors or production delays
Involvement in the analysis and delivery of risk “deep dives” and corresponding initiatives
Participation in Equities BUC Risk meetings and other risk-related forums
Assist the team with back-testing of an industry leading asset / liability management (ALM) model
Provide support to senior team members in implementation of model review recommendations

Risk Controller Qualifications

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

Licensing or Certifications for Risk Controller

List any licenses or certifications required by the position: COBIT, ISO, ITIL

Education for Risk Controller

Typically a job would require a certain level of education.

Employers hiring for the risk controller job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Business, Accounting, Economics, Mathematics, Engineering, Management, Graduate, Finance/Accounting, Business/Administration

Skills for Risk Controller

Desired skills for risk controller include:

Excel
Fixed income / credit products
MS Excel and PowerPoint
Microsoft Access desirable
Macy’s and Shortage/Risk Policies & Procedures to act as a resource and content expert for stores
OMNI channel process and systems
Use in measurement of store adherence
MS Word and Power Point
Developing a risk strategy and plan and experience of producing and maintaining risk registers across a range of project areas
Equity derivative products

Desired experience for risk controller includes:

Must submit your application for employment through COS (internal candidates) or
Familiarity with the reporting software Axiom
The candidate should have the flexibility required to work in a dynamic environment under tight deadlines
Degree Qualification required in a numerical based discipline
Manage the inward deployment of production processes (covering both Market and Credit Risk) from hub locations as Glasgow builds towards becoming the global calculation and reporting hub for Regulatory Controllers
Develop technical knowledge and provide support across Market Risk, Securitization and the wider Regulatory Controller Glasgow team

Risk Controller Examples

1

Risk Controller Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of risk controller. 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 controller
  • Maintain procedures and update model documents
  • Monitoring regulatory compliance in accordance with Basel 1 and Basel 3 for PRA and some EBA regulated entities
  • Reporting accurate and timely capital usage information to the CFO group and externally to the PRA, EBA and some local regulators
  • Production of weekly and monthly key risk metrics reports for FIC GPC on a regional and global basis
  • Analyze key risk indicators and contribute to the monthly metrics data coordination effort
  • Participation in FIC risk-related forums
  • Working with representatives from other risk functions to ensure consistency of reporting
  • Production of daily P&L and Risk for the Exotics & Hybrids trading businesses
  • Providing explanations of P&L and Risk to other stakeholders such as Business Managers, VCG and Market Risk
  • Provide risk management consulting services to business units within Product Controllers, regarding risk identification, assessment, mitigation, and testing for BAU processes
Qualifications for risk controller
  • Demonstrated flexibility, proven ability to work in a dynamic environment under tight deadlines
  • Strong communication skills, the ability to explain technical concepts clearly
  • 5+ years experience in finance area, particularly a plus to have knowledge of loan and/or credit products and preferably with PnL production experiences
  • Design and implement a framework to capture issues and errors that materially impact Risk
  • Be exposed to a multitude of dynamic regulatory reports and Risk processes through build out of a centralized quality assurance team
  • Act as the Control Officer for the Risk Controller organization
2

Risk Controller Job Description

Job Description Example
Our growing company is hiring for a risk controller. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk controller
  • Integrating information from different sources to solve problems
  • Utilizing your strong written and verbal communication skills
  • Working in a complex environment with diverse personality types
  • Supporting local Mumbai senior management in terms of roll out of Firm mandated Risk programs and in establishment of appropriate local governance framework
  • Support FinRISC colleagues & management in the same objective for wider EMEA region
  • Assist global colleagues in execution of various streams of operational risk related work where required RCSA, SOX, InfoSec, BCP
  • Coordinating the work of junior team members
  • Daily risk monitoring and calculation of global exposure
  • Development and implementation of new valuation and reporting tools
  • Reporting of risks and related information to the Board and Senior Management
Qualifications for risk controller
  • Knowledge of banking products and structures will be an advantage
  • University degree in finance/banking/economy or equivalent
  • The ideal candidate will be creative, practical, and reliable with sound interpersonal skills
  • Ability to conduct interviews in English
  • Capacity to challenge local entities and to ensure the correct application of group’s standards / guidelines
  • Capacity to write in English detailed reports and to summarize findings/recommendations through a few slides
3

Risk Controller Job Description

Job Description Example
Our company is hiring for a risk controller. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk controller
  • Manage internal client partnerships with a focus on infrastructure and costs
  • Daily Risk and P&L Attribution (P&L explain of risk attributes) explains
  • Provide market commentary on threshold breaches and outliers
  • Obtain daily sign-off from trading desk
  • Regulatory reporting (Volcker/Basel 3)
  • System Enhancements / Project team work
  • Oversee the production work of a virtual team based in Mumbai
  • Collaboration with other asset-class groups within Product Control on cross-product projects and initiatives
  • Delivery of accurate and timely financial reports required by partners to support the running of their business
  • Assist the RA partners in production of 3 month rolling revenue forecasts, regular reforecasting to gross and net margin level and the annual plan
Qualifications for risk controller
  • Experience of working in audit, compliance will be preferred
  • Strong understanding of Exotics products such as PRDC’s, TARN’s, Range Accruals, Credit and equity linked structures and IR/FX Options
  • Senior Associate with a Product Control background
  • A completed CFA/ACCA qualification/ working towards a qualification would be beneficial
  • Compliance or Risk Management certifications/designations
  • Certified Public Accountant or Certified Internal Auditor designation
4

Risk Controller Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of risk controller. 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 controller
  • Monitoring receivables, both billed and unbilled, to ensure that they are fairly valued, managed effectively and that the firm’s accounting policies are adhered to – including working with the partners to exceed cash and unbilled receivables targets
  • Understand the material contracts within RA and ensure that the accounting reflects the underlying business risks and performance
  • Co-ordination and calculation of the annual plan based on policy, management expectations and external influence
  • Contributing to the financial management and reporting of the RA division as a whole including monthly reporting and providing assistance to the Finance Director on an ad-hoc basis as required
  • Developing effective working relationships with partners, fee earning staff, Executive Assistants, members of the Finance Shared Services Team and SLS Finance Teams
  • Responsible for the global management, control and reporting of the general ledger for the Risk and Supply Chain Management Business Unit
  • Monthly close activities for Risk and Supply Chain Management including the close liaison with global service centres for the posting of journals, identification of accruals and prepayments and cost assurance activities to ensure that results are complete and accurate
  • Analysis, review and commentary for material P&L variances based on month actuals vs
  • Controllership of balance sheet accounts providing full commentary on movements and breakdown of balances for area supported
  • Working capital , free cash flow analysis, people cost, T&E and vendor reporting other ad hoc support to Business finance
Qualifications for risk controller
  • 1+ year of experience with developing controls over compliance or financial reporting
  • Appreciation of operational risk concepts
  • Excellent organisational skills and the ability to work to deadlines
  • Having an opportunity to work with Commodity products
  • Control oversight, including ownership of escalated P&L exceptions, and co-ordination of relevant regulator requests
  • Ability to appropriately prioritize and escalate
5

Risk Controller Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of risk controller. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk controller
  • Support in setting up and implementing statistical methods and standard processes as part of data analysis
  • Significant contribution to the further development and optimization of our automated credit decision-making systems and processes
  • Continuous systems analysis of our automated decision-making workflows, identification of optimization potential and derivation of appropriate measures to improve efficiency
  • Expansion of process monitoring and of the tools used for that in our data management systems and derivation of meaningful parameters and benchmarks
  • Regular monitoring of the functioning of our risk classification procedures and other risk parameters used throughout the bank for all major risk types of our institute
  • Preparation of presentation material for our decision-making bodies such as the risk committee or the steering committee of the bank
  • Perform event-driven data analyses and prepare the results in a correct and appropriate manner for the addressees
  • Participation in projects in the area of risk controlling (for example, scoring and rating processes, IFRS9.2 )
  • Engaging with Subject Matter Experts and other key stakeholders to implement key Regulatory deliverables for the Risk Controllers organization and the Firm as a whole
  • Supporting the ongoing assessment of the control environment through the performance of reconciliations and consolidation of control metrics to syndicate the health of the data to senior members of the organization
Qualifications for risk controller
  • Must be highly motivated with the commitment required to consistently meet goals (ability to work both independently and as an effective team member)
  • Preferred 2 – 4 years financial experience (Product Control or Management Reporting related experience an advantage)
  • Ability to influence virtual teams in other locations
  • Ability to maintain and communicate an active book of work
  • Oversight for daily Risk and P&L production/analysis
  • Impact of a trade

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