Risk Management Analyst Job Description

Risk Management Analyst Job Description

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Risk management analyst provides network security, Active Directory management, remote access technologies, and internal/external vulnerability & risk assessments.

Risk Management Analyst Duties & Responsibilities

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

Sample responsibilities for this position include:

Update and maintain insurance claims and risk control databases
Maintain master repository for locations, values, named insureds
Make suggestions for process improvement related to risk management throughout the organization
Assist in annual insurance renewal process
Coordinate and oversee audits for Worker’s Compensation
Assist the Insurance Manager in the daily handling of insurance claims – responsibility for Marine and Liability
Assist the Risk Management team in gathering and updating underwriting information for the insurance renewal and in the preparation of the insurer presentation
Undertake a quarterly update and regular changes in insurance underwriting information – particularly schedules of values, licensees, vendors, raw material suppliers, and Beauty distributors
Manage premium payment and processing with the insurance manger
Handle day to day insurance queries

Risk Management Analyst Qualifications

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

Licensing or Certifications for Risk Management Analyst

List any licenses or certifications required by the position: CISA, CISSP, SANS, CISM, PMP, CPT, CEH, CRISC, CIPP, GIAC

Education for Risk Management Analyst

Typically a job would require a certain level of education.

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

Skills for Risk Management Analyst

Desired skills for risk management analyst include:

Industry best practice and emerging trends and technologies within payment risk management
Vulnerability scan procedures
Construction risk management
Databases
Encryption
Risk Console
Active Directory
Current information security trends
DHCP
DNS

Desired experience for risk management analyst includes:

Good IB experience
An understanding of several types of Derivatives
An appreciation of the software cycle, and the kinds of controls teams must follow
Experience of XML in general
Knowledge of Testing tools & techniques
Proficient in Microsoft Excel, using advanced formulas, vlookup

Risk Management Analyst Examples

1

Risk Management Analyst Job Description

Job Description Example
Our growing company is looking for a risk management analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk management analyst
  • Handles confidential matters (management reports, financial information, ) appropriately
  • Propose solutions to mitigate identified risks and bring them to an acceptable level for management
  • Leads and oversees database administration and system support for department systems
  • Coordinating and facilitating cross-divisional, cross-regional efforts in order to leverage existing processes and frameworks
  • The candidate would work independently on forecasting and predictive modelling, econometric models, data analysis and developing commodity risk management framework, and several data enabled business projects of research and analytics in supply chain risk
  • The incumbent would be working closely with the business stakeholders on various business challenges and initiates, most of which would have high business impact
  • Incumbent would be part of various business calls to understand the business dynamics, provide analytics perspective and to present the findings of analysis/solutions
  • Review and assist with managing all Workers Compensation and Garage claims
  • Assist Agent/Broker with managing the database of company vehicles and property as purchase and/or leases change
  • Assist Enterprise Optimization with vendor certificates of insurance
Qualifications for risk management analyst
  • Knowledge of wholesale credit (lines of credit, secured/unsecured term loans, commercial construction, commercial real estate, agricultural lending, ), loan policies & procedures, credit risk management and/or financial reporting, regulatory and management reporting preferred
  • Have thorough understanding of/ eagerness to understand ORM techniques
  • IT Systems and linkage to business processes data
  • Complete stress testing and VaR calculations risk analysis of Economic Capital for periodic reports
  • Good opportunities to work as part of a team and to take increased responsibility in line with seniority
  • Leads collaboration efforts across the risk team
2

Risk Management Analyst Job Description

Job Description Example
Our company is growing rapidly and is hiring for a risk management analyst. 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 management analyst
  • Participate in the development of compliance audit procedures, supporting tools and reports to evaluate risks and controls
  • Developing and enhancing existing CDSS & Payment Return Models by leveraging best-in-class modeling techniques
  • Consulting customers on how to use our products and services or taking full control (including configuration) of our fraud solution to help our customers in achieving their business goals
  • Provide pre-sales support where required by accompanying sales team to meetings with prospects to act as subject matter expert on payment risk
  • Provide regular 'Account Reviews' with other analysts, assisting them to conduct full rule reviews providing help and guidance in handling their accounts
  • Communicating effectively with risk liaisons and leaders across the firm to collect and effectively capture Operational Risk Incidents and control findings/gaps for remediation
  • Working with business owners to determine effective management action plans and then tracking issues to completion
  • Creating clear and concise reporting on key issues including trending analysis for executive leadership
  • Conduct extensive keyword research, analyze and test keyword performance for pay-per-click campaigns and SEO projects
  • Analyze PPC campaign results, monitor key metrics, and devise actionable insights to optimize click-through and conversion rates
Qualifications for risk management analyst
  • Assess the preparation of suppliers for each ramp-up and highlight the logistical and operational potential risks (BCA)
  • You are bilingual (French/English) – Spanish and/or German would be an asset, good communicator, professional and are open to work with other cultures
  • You have a good knowledge in Quality procedures, processes and systems
  • You are knowledgeable of regulation and general requirements related to suppliers (QD 4.6-40, 4.6-60, etc…)
  • At least 5 years of experience using probability simulations to analyze risk for project cost, schedule, and performance are required
  • At least 3 years of experience managing risks for large construction projects required
3

Risk Management Analyst Job Description

Job Description Example
Our growing company is hiring for a risk management analyst. 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 management analyst
  • Reviews applications, sends submissions to carriers, reviews quotes/binders/policies, and ensures all data and documentation are current for corporate insurance policies
  • Administers the Agents’ Errors and Omissions program, providing advice and council to agents in regards to questions they have on these claims
  • Facilitate risk discussions with small and large groups
  • Support assessing the level of maturity based on a risk management maturity model
  • Provide support and refine to risk management framework
  • Assist team in implementing a management review process
  • Assist team in conducting management reviews of risk focus areas
  • Provide a report for each management review conducted
  • Represents the Company on industry, professional boards, committees or panels, internal groups
  • Provide true model risk management including on-going monitoring of model risk relative to changing market and credit conditions
Qualifications for risk management analyst
  • Analyze data, prepare reports and make recommendations
  • Counsel employees, managers, supervisors, outside agencies and the public on risk management subject areas
  • Coordinate and participate in special projects or programs as assigned
  • Convene and facilitate interactive interviews
  • Participate in the development, implementation and evaluation of new or revised risk management policies or programs
  • Experience of working in Tableau to create business dashboards
4

Risk Management Analyst Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of risk management analyst. 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 management analyst
  • Develop and execute analytics based strategies to assess campaign performance
  • Generate and deliver portfolio insights to track opportunity areas for Small Merchant portfolio
  • Foster knowledge management through documentation of best practices, key tools and processes
  • Innovation with focus on developing newer and better approaches using big data & machine learning solutions The individual is expected to create holistic recommendation by pulling data from different data sources and make effective and persuasive presentations for project teams and business leaders
  • Participate in organization-wide ERM related initiatives comprised of senior leaders and cross-functional teams
  • Provide analytical reporting for use in the business impact analysis including business interruption values, interdependency impacts, and supplier impacts
  • Main contact for the office/administrative business continuity plan owners and department heads including the annual plan review and sign-off process
  • Report Total Cost of Risk (TCOR) and provide key metrics to leaders
  • Run loss triangle reports, identifying year-over-year discrepancies and justifying variances
  • Annual assistance with insurance renewal process
Qualifications for risk management analyst
  • Ability to work with large data sets and experience with Business Intelligence tools like Qlikview, Tableau, Oracle etc is desirable
  • Experience with MS Excel and statistical methods preferred
  • Experienced, credible and technical leader with 3-5 years of financial services related experience
  • Superior thought leadership, problem-solving, and analytical skills
  • Ability to contribute on other areas in the Consumer Lending and Underwriting if needed
  • Post-Graduate degree in a quantitative field or MBA is required
5

Risk Management Analyst Job Description

Job Description Example
Our innovative and growing company is hiring for a risk management analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for risk management analyst
  • Contribute to continual improvement of DFA Risk Management programs and services
  • Promote DFA Risk Management programs and educate DFA RM clients about DFA Risk Management programs
  • Develop an appreciation and understanding of DFA's business, programs and services and philosophy
  • Continuing education of commodity risk management markets, tools and programs
  • Manage mid-term changes within corporate insurance programs
  • Coordinate policy renewals, including collection and review of underwriting data
  • Perform initial assessment of insurance program terms and proposed structure
  • Handle insurance-related requests (certificates of insurance, basic contract reviews, lease reviews, auto ID cards, ) from business partners
  • Oversee and reconcile program audits
  • General office administrative tasks, as assigned
Qualifications for risk management analyst
  • Perform accident related root cause analyses and identify key risk indicators
  • Develop and distribute effective and actionable reporting of key safety metrics and opportunity areas to RSC and operations leadership teams
  • Proactively identifies risk areas and assists in maintaining the appropriate internal controls
  • Prepare financial results used in Safety team presentations at SVP/DO and DO/GM/MP meetings
  • Develops recommended annual targeted performance metrics and monitors monthly performance measures versus those targets throughout the year
  • Track actual financial performance of safety controls and programs implemented to ensure expected savings are achieved

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