Risk Management Associate Job Description

Risk Management Associate Job Description

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Risk management associate provides general legal support for the Credit Risk Management Department, the research of any matters affecting credit, the drafting of correspondence, and assistance in discovery.

Risk Management Associate Duties & Responsibilities

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

Sample responsibilities for this position include:

Provide operations support for New Business Initiative Approval process (NBIA), Model Risk Management (MRM), Proposal Risk Assessment (PRA), and any other key programs managed by ERM
Process the branch and Financial Advisor notification and perform account level advisory status terminations
Communicate variances with CG Program and Sales management
Utilization Oversight
Process the ongoing review for PM account under/over utilization
Communicate utilization findings with CG Program and Sales management
Performance Oversight
Process reports for account and FA level performance oversight
Communicate performance findings with CG Program and Sales management
Assist in the review of program contracts, ADVs and policies & procedure

Risk Management Associate Qualifications

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

Licensing or Certifications for Risk Management Associate

List any licenses or certifications required by the position: FRM, CISSP, CISA, PMP, CFA, CRISC, CISM, CIPT, CMQ/OE, CQE

Education for Risk Management Associate

Typically a job would require a certain level of education.

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

Skills for Risk Management Associate

Desired skills for risk management associate include:

Microsoft Office
Excel
R
Financial services sector
Particularly with the competitive dynamics and products in retail banking and risk management
Matlab
Python
All of: C++
Any
Company / department manuals and procedures

Desired experience for risk management associate includes:

Certification Management
Process all FA applications for program eligibility and suitability
Process reports for a “minimum standard” review process to maintain program certification
Work with Legal, Risk, Compliance, Audit and PM Management to enforce oversight policies and procedures
Assist with internal and external audit investigations and responses
Knowledge of database concepts is helpful

Risk Management Associate Examples

1

Risk Management Associate Job Description

Job Description Example
Our company is looking for a risk management associate. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk management associate
  • Support the review of business plans and help facilitate to challenge assumptions to support the reasonableness of the plans and fit with corporate strategy and business objectives
  • Calculate reinsurance counterparty exposures quarterly
  • Work closely with internal corporate partners on SOX, internal audits
  • Role is responsible for assisting the program leads in providing support for on-going management of the key programs
  • Liquidity risk limit monitoring and related reporting to senior leaders on utilization across legal entities
  • Product support on the firm’s deposits the firm’s deposits
  • Ownership of administrative items, includes Sarbanes Oxley reporting and other regulatory requirements
  • Litigation and claims evaluation
  • Medical record review
  • Preparation of summary reports
Qualifications for risk management associate
  • Recognized risk certification
  • 3-5 years of previous experience in enterprise risk, corporate governance, regulatory and operational risk, information and security risk, gained with a financial institution
  • Basic knowledge of risk management software systems a must
  • Strong understanding of various risk and quantitative and statistical methods including expected loss, VAR, CTE, strong data base skills
  • Commercial sense and ability to multi-task
  • Co-ordinate with diverse internal teams and legal entities across APAC regarding SCEF information
2

Risk Management Associate Job Description

Job Description Example
Our company is looking for a risk management associate. 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 associate
  • You will ensure an appropriate balance between risk and return and that the risk rating accurately reflects established Risk Criteria
  • You will regularly meet with credit structure, market risk and other groups to ensure portfolio is well-managed
  • You will actively follow business and financial performance through daily monitoring of financial and industry information, regulatory events and other early warning signals
  • Participate in the preparation of QIPR, Criteria papers and other policy work as appropriate
  • Provides subject matter expertise on business and GRM led initiatives and share best practices and challenges redundancies
  • Maintain materials and database
  • Work with all areas of the company to identify new or evolving risks
  • Work with risk owners to ensure risks are being analyzed and plans are being created to track and mitigate risks
  • Help determine risk appetite and tolerance, identify key risk indicators and performance indicators, and measure the overall performance of mitigation efforts
  • Provide overall direction for consistent risk prioritization and reporting across the enterprise
Qualifications for risk management associate
  • Interact in Japanese with Japanese regulators, Shanghai and Global RA teams
  • Work with senior management and regulators in risk solutions and understand risk exposure
  • Involvement with global and local projects regarding regulations
  • Capable working in the fields of financial engineering, statistics, and data analysis
  • Highly experienced and capable programming skill
  • Strong communication skills (must interact in Japanese with Japanese regulators)
3

Risk Management Associate Job Description

Job Description Example
Our growing company is looking for a risk management associate. 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 associate
  • Liaise with regional IT Risk Management Coordinators to ensure alignment, oversight, and integration of regional and global risk program deliverables, reporting, processes and procedures
  • Integrate risk management processes with existing change management, incident management, and other business-as-usual (BAU) processes and/or technology programs, educating technology personnel as needed
  • Provide management and oversight of GRC tool reporting both regionally and globally
  • Assist with information security risk analyses and assessments
  • Manage the assignment and status reporting of risk treatment plans
  • Ensure that appropriate controls are selected for Risk Treatment and that the controls are monitored for effectiveness
  • Facilitate global technology risk management meetings to discuss the health and status of the program
  • Prepare Board-level status updates and report program priorities, plans, and ongoing activities to the Information Security Governance Committee
  • Represent the IT Risk Management Program in ongoing internal and external IT audits, assessments, and evaluations, including those conducted by our clients
  • Assist with the management of information security policies, standards and operational procedures for the organization to maintain compliance with various corporate, client, and industry requirements and/or certifications
Qualifications for risk management associate
  • Co-ordinate with Japanese regulators, clients, and Credit Risk management regarding regulatory and transaction inquiries
  • Quick learner to regulatory rules
  • Go-getter attitude able to work with diverse backgrounds and teams
  • High accuracy with attention to detail
  • 2-5 years of related risk management experience
  • Self-starter with excellent interpersonal and organizational skills
4

Risk Management Associate Job Description

Job Description Example
Our company is looking for a risk management associate. 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 associate
  • Team lead or active team member for all technology related projects and initiatives
  • Work closely with internal clients to identify needs and implement innovative solutions
  • Manage routine activities such as technology risk review status and other related reporting, data analysis and document management activities
  • Provide overall maintenance of practice technology related matters
  • Manage multiple concurrent tasks and projects while working independently
  • Provide guidance to technology teams in order to enhance risk oversight capabilities support new products
  • Support the technology review process by working productively with various review teams, sponsoring partners, project managers and project team members to help efficiently and effectively complete their reviews
  • Act as a subject matter professional in the technology review process and related requirements while regularly facilitating or participating in review meetings
  • Lead portions of technology risk reviews under the supervision of a Risk Management Director or Partner to help ensure teams follow process and meet all applicable requirements
  • Perform technology risk review status reporting, portfolio tracking, pipeline management, data analysis and document management activities
Qualifications for risk management associate
  • 5+ years of technology risk management experience with strong understanding of Vendor Risk Management in a financial services company
  • These positions are at the Associate level, with an emphasis on the production of comprehensive, timely, accurate and well-formatted reports
  • Answer queries regarding audit, stress testing across different functions of teams
  • Associate’s Degree in Business Management preferred
  • 1-2+ years of experience in Risk Management required
  • Associate’s Degree in Business Management or legal related field preferred
5

Risk Management Associate Job Description

Job Description Example
Our company is hiring for a risk management associate. 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 associate
  • Perform periodic compliance activities to help ensure project teams comply with Risk Management requirements
  • Identify and recommend enhancements to the Risk Management technology application that maintains, tracks, and reports on software review processes
  • Perform independent models validation and approval
  • Communicate the results of model validation activities, model limitations and uncertainties to the key stakeholders and management
  • Oversee ongoing model performance monitoring, including benchmarking and outcome analysis, performed by model developers
  • Conduct periodic meetings with other control side stakeholders to review results of testing they perform
  • Conduct annual review and revalidation of existing models
  • Advise management on the risks associated with particularly large transactions, by leveraging understanding of model performance
  • Developing and implementing risk infrastructure related to Issuer and Counterparty Risk for all products in relevant bank-wide systems, and maintaining robust data control and reporting processes
  • Staying updated on changing regulatory / industry/market and counterparty concentration landscape to develop and implement functional Counterparty Credit Risk and Issuer Risk measurement
Qualifications for risk management associate
  • 2+ years of office/clerical work experience required (1+ years of retail/customer injury experience preferred)
  • 1-2 years of experience in processing Unemployment or Workers Compensation experience preferred
  • Previous experience conducting interviews, research, or investigations a plus
  • Knowledge of systems aptitude to learn the Counterparty Database functions
  • Excellent academic background (preferably Mathematics or Physics)
  • Experience in a market risk management role

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