Risk Operations Job Description

Risk Operations Job Description

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Risk operations provides clear and confident communication of credit risk appetite to Front Office and advise them on structuring lending and derivative transactions from a credit risk perspective.

Risk Operations Duties & Responsibilities

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

Sample responsibilities for this position include:

Architecture new system builds and design enhancements to existing applications in risk
Provide metrics/MI to senior management to measure the project development, overall health of risk data flows
Partner with business unit management to develop action plans and provide recommendations to remediate issues identified
Monitor the introduction of defined measures
Ensure the uniform net capital calculation (SEC Rule 15C3-1) from an Operations perspective
Interacting with Finance, various Operations groups, Middle Office, Technology and outside Regulators to complete regulatory reports and monitor the processes involved in getting accurate data for the reports compiled
Preparation and analysis of data used in submitting the Customer Margin Balances (Form R-1) report to FINRA
Assisting in the compilation of 15c3-1 and 15c3-3 components, such as suspense and fails reporting and possession or control
Identifying potential process improvements
Ad-hoc projects in regard to new regulatory requirements to ensure that the Firm remains compliant

Risk Operations Qualifications

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

Licensing or Certifications for Risk Operations

List any licenses or certifications required by the position: CISSP, GIAC, CEH, CHFI, CFE, CPA, FAA, AML, CAMS, CRMA

Education for Risk Operations

Typically a job would require a certain level of education.

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

Skills for Risk Operations

Desired skills for risk operations include:

Cash Securities and Derivatives products
Traditional Credit Product
Transactions
Overall transaction process
Systems processing transactions
Audit methodologies and developing key internal audit
MS Excel
Commercial lending products would also be beneficial
Credit
Liquidity risk measures

Desired experience for risk operations includes:

Strong presentation skils include knowledge of Excel, PowerPoint, and word
Prior work in vendor management or BPO experiance preferred but not required
Support the preparation of risk dashboards using templates developed by the PAIR Reg Ops team
Expert level knowledge with Excel and MS suite of products
At least 2 years of project management experience in business process and technology implementations (large-scale projects and/or program management is a plus)
Use of programming/analytical tools (Visual Basic, C, SQL)

Risk Operations Examples

1

Risk Operations Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of risk operations. 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 operations
  • As a key member of the Strategic Initiatives and Implementation team, participate in the creation of our roadmap to help us achieve our strategic goals
  • Act as Mumbai region ISGPO Risk representative with focus on EMEA region specific priorities
  • Act as liaison with external auditors for SOX concerns including facilitation of meetings
  • Prepare regulator breach notices to ASIC/APRA, as required
  • Oversight regulator quarterly breach updates to ASIC/APRA
  • Support the embedding of the Risk Management Accountability Model (RMAM) through working closely with the business and Management Assurance
  • Excellent commercial experience and judgement through prior experience in advisory/business partnership roles
  • Practical approach to solving issues with strong commercial acumen and personal resilience
  • Previous experience in Operations, Superannuation/Investment or Audit is desirable
  • Formal tertiary qualifications in Accounting, Commerce, Banking, Economics, Finance or Law
Qualifications for risk operations
  • You will have good understanding of Bank policies and procedures relative to internal control and audit requirements
  • Establish strong partnerships with line of business representatives and technology that will enable the team to meet business objectives
  • Strong analytical / conceptualization / problem-solving skills
  • Ensures implementation of / adherence to Operational Risk Framework and its adaptations to divisional needs
  • Participate in UAT (user acceptance testing) on enhancements and changes to CRMO systems
  • Strong skills / knowledge of MS Office Products
2

Risk Operations Job Description

Job Description Example
Our company is searching for experienced candidates for the position of risk operations. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk operations
  • Responsible for the efficiency and robustness of the risk operation processes, including credit origination, portfolio management, collections and recovery
  • Works with IT and other business peers to define and maintain core business metrics, identify and understand existing business process challenges, brainstorm and propose candidate solutions, gather and document related business requirements
  • Lead and manage the Service Level Agreement (SLA) between the Risk area and RDO
  • Accountable to ensure new Regulation for each Risk area is understood, assess its impact to Data completeness and manage and execute changes to the Data structure
  • Provide operational direction by identifying and executing service efficiency and effectiveness enhancements
  • Perform trade corrections via our brokerage platform
  • Review trades in AMS wrap accounts
  • Work closely with country teams for design, implementation and streamlining the risk processes
  • Perform key operational functions and produce reports ensuring completeness, accuracy and timeliness
  • Deliver projects for internal efficiencies and improvements such as Optimization of current data processes, and team owned databases, expansions and efficiencies through improved automation, consolidation and where relevant re-platforming onto enhanced infrastructures
Qualifications for risk operations
  • Excellent attention to detail and focus on producing high quality work
  • Experience in working with multiple stakeholders to develop and track risk metric production
  • Strong verbal and written communication skills to liaise with SSBO Risk and Line management
  • Ability to plan workload and meet tight deadlines
  • Strong focus on client service and delivery
  • Adaptability to changing environments and different Stakeholders
3

Risk Operations Job Description

Job Description Example
Our company is growing rapidly and is hiring for a risk operations. 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 operations
  • Serve as a liaison between clients and upper management identify and communicate technical matters to both clients and upper management
  • Evaluate, label and identify patterns in suspicious activity
  • Review account details for indicators provided by client analysis and determine whether the items meet criteria provided by client Policy
  • Provide feedback on trends identified in review
  • Partner with Product, Engineering, and Data Science teams to design solutions to operations problems, influence product roadmaps, and solution new products/processes
  • Manage the development and reporting of key performance indicators for the entire Risk organization
  • Perform ad hoc data analysis to remove roadblocks and keep operations running smoothly
  • Drive innovative risk solutions through third party evaluation and integration with a focus on improving the seller experience
  • Leverage the risk toolkit to undertake proactive analysis of systems and processes in order to identify and mitigate risk
  • Provide oversight on identified risks and remediation required
Qualifications for risk operations
  • 3+ years of relevant experience in Financial Services Operations activities, ideally with experience in a line and/or Operational risk roles Risk
  • Ability to define operational & data models
  • Review VBA and EXCEL procedures to ensure that they apply correct formulas to the appropriate data to calculate the actual and expected results or current assumptions
  • Communicate with actuaries to better understand current assumptions
  • Communicate with modelers to understand how assumptions are implemented in various systems
  • Assess the difficulty of implementing alternative assumptions
4

Risk Operations Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of risk operations. 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 operations
  • Lead role in risk policy revisions and development as business needs change
  • Lead role in supporting MTM accounting requirements
  • Lead role in mentoring junior risk personnel and provide senior risk management expertise to various stakeholders
  • Identify, promote and execute program activities around data submission and management to ensure maximum efficiencies, accuracy and completeness
  • Direct the development of requirements, testing and refinement of the underlying data and systems
  • Develop and oversee processes around data collection, submission, and reconciliation to ensure full compliance with all applicable laws, guidance, and regulations
  • Collaborating and building constructive working relationships with key internal and external stakeholders and being seen as a credible business advisor, valued for strong business acumen and knowledge across all risk categories
  • In conjunction with management, identifying pre-emptive or early-warning measures of potential major or systemic risk management issues
  • Assisting with the implementation and monitoring of the controls assurance program
  • Supporting management in the identification of risks, assessment of controls and design of efficient, innovative and commercial strategies to address control gaps and manage risk within appetite
Qualifications for risk operations
  • Work experience with process queue items such as KYC, KYB, SAR, PEP, WLM, and Transaction Monitoring within a financial industry
  • Work experience within a financial audit or quality control environment
  • Support WISI by providing timely and effective guidance on queries in connection with fraud concerns, AML and on-boarding issues, interpretation of policies & procedures, completion of documentation, loss events and any other risk/regulatory matters (CASL)
  • Develop recommendations for new assumptions
  • Availability to work full-time for several months
  • Minimum 7 years of risk management and/or auditing operations in a financial or banking institution
5

Risk Operations Job Description

Job Description Example
Our growing company is looking to fill the role of risk operations. 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 operations
  • Demonstrates some proven abilities and success with utilizing an analytical mind-set and creative problem-solving abilities when applying regulatory requirements in a business environment and model risk management areas
  • Demonstrates proven abilities to manage engagements and train junior associates
  • Lead work in model development, validation and model risk management projects across financial services industry
  • Establish and drive consistent operating model for risk proactive reviews across all the regions
  • Provide requirements for systems and tools, influence the global risk roadmaps for operational needs
  • Drive a consistent rhythm of communication between global and regional risk teams
  • Assist managers in institutionalizing operational, enterprise and regulatory risk management programs
  • Ensure timely communication of pertinent analysis of monitoring and validation efforts
  • Oversee planning and execution of Global Ops risk agenda, in partnership with the enterprise risk management agenda
  • Assess, develop and implement a holistic approach to technology risk management to influence the technology architecture, business prioritization and investment decisions
Qualifications for risk operations
  • Excellent verbal and written communication, interpersonal/customer service skills
  • Familiar with deposit regulations with emphasis on Bank Secrecy and USA Patriot Acts
  • Ability to analyze complex situations and provide guidance, makes recommendations, and/or escalates the issues
  • Must be proficient in analytical tools with at least 4 years of experience
  • Fosters a positive work environment that promotes high quality service delivery
  • In-depth knowledge of Consumer Lending products, operations, regulatory requirements

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