Risk Head Job Description
Risk head
provides operational risk and compliance insights for reporting and escalation at the Consumer Banking Risk committee and the Business Unit Risk Forums/Committees.
Risk Head Duties & Responsibilities
To write an effective risk head job description, begin by listing detailed duties, responsibilities and expectations. We have included risk head job description templates that you can modify and use.
Sample responsibilities for this position include:
Own the Business Operations KRI, RCSA and Internal Audit schedules
Proven leader who will lead and oversee high quality Technology deliveries from India across various complex technology programs in Credit Risk
Promote strong Technology and Operations partnership in the region
Participate in various integration and transformation programs within India Technology Centre that will translate into significant performance improvements, enhanced controls and efficiency saves
End to End responsibility of leading global program(s)
Ensure external disclosures are consistent with certain internal risk reports
Maintain the relationship with local/regional Police local security companies and agents where necessary
Ensure respective PVRM safety physicians and scientists accountable for the product are monitoring and following up on measures for all the important identified/potential risks mentioned in the RMP
Evaluate the effectiveness of risk minimization measures working with internal/external stakeholders and vendors developing the tools, and update SRT, as needed, on any findings that could impact the benefit/risk assessment of the product
Ensure that timelines and deliverables are met for risk management obligations and that data and reports required for reporting on the progress of risk management obligations are obtained in a timely fashion
Risk Head Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Risk Head
List any licenses or certifications required by the position: CISA, PMP, CISM, CFE, AML, ACAMS, CISSP, CIA, CPA, ASQ
Education for Risk Head
Typically a job would require a certain level of education.
Employers hiring for the risk head job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Economics, Business, Management, Engineering, MBA, Mathematics, Statistics, Graduate, Education
Skills for Risk Head
Desired skills for risk head include:
Tools & techniques
Various banking products and risks associated with them
Business/function supported pertinent operational risk policies and regulations
Credit evaluation methods
Indian market in terms of risks associated with the consumer Banking products
Particularly related to Consumer Banking
RBI Regulations/ MAS guidelines that are relevant to govern consumer credit business
Banking regulations and practices
Business environment to proactively identify potential risk
Certifications
Desired experience for risk head includes:
The incumbent must possess a high degree of computer literacy, including the ability to write detailed functional specifications and fluency in a major spreadsheet package
Project management skills, especially across multiple professional disciplines, are highly desirable, as the incumbent is frequently expected to manage significant changes to business and support processes
Knowledge of traded credit and market risk management for products such as derivatives swaps, forwards, options, repos, securities financing
To engender support of senior executives across the region and functions, some of which will have competing priorities
The incumbent is aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations
The jobholder will implement the Group’s compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Business Compliance Officer, Regional Compliance Officer or Local Compliance Officer
Risk Head Examples
1
Risk Head Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of risk head. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk head
- Your role will define local information strategy bought and proprietary information targets for credit analyst and administration teams
- It is critical to monitor credit applications to appropriate lending authorities for approval to clearly indentify both obligor risks & transaction risks arising from lease structure, collateral and documentations
- Responsible for overseeing the development of the Risk Technology Infrastructure for CCAR
- Responsible for the designing, developing and overseeing risk data capture, data archiving, risk reporting and analysis
- Lead the development of the automation of CCAR reporting (Data Feeds, Reports, Stress Testing)
- Responsible for documentation of risk technology for CCAR reporting
- Responsible for interface between Risk and finance IT for CCAR schedules
- Ensure the technology solutions conform and contribute to the strategic direction of the GRM Technology initiatives (RDARR, LAMP, Risk Ledger)
- Merge the London Risk Data in Erebus with GRIP
- Develop collateral surveillance tools for securitized products (collect data, design reports, put in production)
Qualifications for risk head
- This will be achieved by adhering to all relevant processes/procedures and by liaising with the Compliance function (as part of CMB and Global Risk respectively) about new business initiatives at the earliest opportunity
- In-memory caching experience/expertise
- Job holder’s value rests in a detailed understanding and management of the Risk administration processes, client portfolios, and their drivers together with specialist product portfolios
- Ability to manage and motivate people in a dynamic and complex business and cultural environment
- Develop and expand the suite of tools to provide alternative means to assess the way we measure business performance, capital allocation and analyse hedging impacts
- A reliable and motivated team player who can work on projects and tasks independently with a hands-on mentality and commitment, that is willing to accept challenging tasks under demanding circumstances
2
Risk Head Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of risk head. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk head
- Develop customized tools for in-depth analysis of risk exposure and data quality monitoring
- Represent the bank in industry groups related to OR
- Responsible for designing consumer finance risk processes, policies and procedures to identify and manage threats to the achievement of organisational and business objectives related to a Consumer Finance Project with a well known Chinese bank
- Planning, designing and implementing an overall risk management process for the consumer finance project by developing operating models
- Leadership of a team of technology risk professionals
- Project Management - drive global initiatives to ensure they are implemented consistently across the region and on a timely basis
- One of the key responsibilities will be risk assessment which involves managing the process of analyzing credit risk identifying, describing and estimating the risk affecting the business
- Actively participate in the definition of the technology strategy across Risk and Corporate
- Support legacy automation systems and migrate them to the new platform
- Be a hands on technology leader who can work with their business partners, other groups within technology and lead a global team (currently New York, London and Moscow)
Qualifications for risk head
- An incumbent in this job/code is considered 'covered' under the Federal Reserve Bank Guidance on Sound Incentive Compensation Policies
- Fifteen years proven risk management/analytics experience, or equivalent
- Minimum of a Bachelor’s degree in management, finance, economics, related field or equivalent experience
- Basic understanding of other areas of risk credit, market
- The ideal candidate has 6-10 years of risk management in retail banking
- You will have an undergraduate degree and fluent in both English and Chinese
3
Risk Head Job Description
Job Description Example
Our growing company is looking to fill the role of risk head. 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 head
- Collaboration - the key goal is to develop a platform which can be used by multiple groups within the franchise
- Minimum of five years relevant experience in Compliance, Audit or Risk Management in Financial Services
- University degree in Accounting, process engineering or business and an accounting designation (CA, CPA, CMA)
- Hands on knowledge of risk assessment techniques
- Project management skills and ability to analyze project progress and direct/redirect team efforts
- Strong leadership and superior communication skills (both oral and written), ability to manage and develop a functional team
- To manage and lead the Change team in Singapore to implement solutions to the existing application for credit risk exposure calculation
- Ensuring that the Group's Risk Governance and Control frameworks are maintained and reflect best practice
- Ensure that the Group Regulatory Funding and Liquidity risk regulatory requirements are met - including accuracy of the submission of the Group's Liquidity risk disclosures
- Ensure that there is ongoing oversight of funding and balance sheet risks – this may include escalation to Group Chief Risk Officer and Group Chief Financial Officer and other senior leaders (as relevant) if required
Qualifications for risk head
- Experience in banking retail industry and familiar with consumer finance or loans is a must
- The jobholder is responsible for overseeing and ensuring that standards are maintained in accordance with the Group Standards Manual and ensuring the risk appetite and risk based capital policy aspects of the GSM, Finance FIM and various other FIMs
- In depth experience of dealing with US Regulatory bodies (OCC, FRB, SEC, FINRA) at a senior level is essential
- Possesses good knowledge on banking regulations, operations, audit and control concepts in order to develop a set of effective standard guidelines that can be implemented
- Manage team of four additional risk professionals
- Experience in Credit products, including IG and HY bonds, CDS, a plus
4
Risk Head Job Description
Job Description Example
Our innovative and growing company is looking for a risk head. 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 head
- Develop and maintain strong business and technology relationships to become a trusted partner, building relationships with other functions such as Global Technology, Risk, Audit, and Compliance for end-to-end risk and control management
- Lead a team of qualified staff in the prioritization, scheduling, and execution of model reviews/validations/re-testing as required based on their risk level and Policy requirements
- Identify changes in business strategy, market conditions, industry trends, regulatory environment, country macro-economic factors, that may lead to an increase in Op Risk
- Review and approve new product proposals/product programs the sale or purchase of any business
- Managing delivery of Cyber Risk Management services within TISR and ensure Cyber Risk Management team delivers against its objectives
- Managing & improving working relationships with key stakeholders in delivering risk management services within and outside the bank, including TISO, Corporate Security - Cyber Fraud, IT Heads and Operational Risk Partners
- Continuous improvement of processes within Cyber Risk Management services to achieve better efficiency and effectiveness
- Effective management of Cyber Risk Management Team to ensure efficient utilization of resources, development of staff capabilities, and timely completion of agreed deliverables to stakeholders
- Support the manager in improving overall TISR practices & engagements
- Manage changes to guidance and regulation from the tPR industry best practice
Qualifications for risk head
- High standard of written English, and experience of producing and delivering presentations to senior forums
- Strong communications,, interpersonal
- Experience in banking retail industry is a must
- Able to demonstrate expertise in the field of reputational risk management and gain the confidence of management and colleagues
- Proven ability to exercise sound judgement, based on expert knowledge of reputational risk
- Bring proven leadership experience in technology operational risk management, ideally with experience within the financial services industry
5
Risk Head Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of risk head. 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 head
- Clear and concise risk reporting that meets of the objectives of governance committees, focuses on the key issues and recommendations to address these
- A well regarded Risk Committee that prioritises actions to address AI’s key risks
- A well regarded team of operational risk reporting, and issue management staff in place in the second line whose specific expertise is valued and respected by all lines of defence
- A well regarded team of operational risk reporting and issue management resources who have clear career development plans in place to allow them to fulfil their potential
- Manage Enterprise Risk Management operations, including reporting, technology initiatives, and project management
- Develop and maintain the right risk data management systems and platforms
- Provide descriptive and predictive risk analytics and management reports
- Design develop, and help deliver core risk education and training events and tools
- Create and embed consistent project management discipline for key risk initiatives
- Lead change management efforts to ensure action are properly implemented and achieve the desired results
Qualifications for risk head
- Ability to lead a team of senior resources
- Experience with infrastructure risk management especially networks, security and digital environments
- Ensure guidance re conduct risk is reflected in appropriate policies and procedures governing Conduct Risk matters within Canada, and that there is ongoing monitoring and periodic reviews to verify that these policies and procedures are being followed and the risk is adequately understood and managed
- Communicate and act like a Business General Manager (decisive, business oriented and quick)
- MS (or PhD) degree in Statistics, Economics/Econometrics, Applied Economics, Decision Science, Finance, Operations Research, Mathematics (or equivalent quantitative field)
- Experience leading in a matrix corporate environment