Risk Oversight Job Description

Risk Oversight Job Description

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Risk oversight provides an opinion in the internal audit report on the adequacy of internal controls, management's risk response, compliance with applicable laws and regulations, and adherence to Corus policies and procedures.

Risk Oversight Duties & Responsibilities

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

Sample responsibilities for this position include:

Maintain awareness of internal audit and external examination activity and emerging issues and prioritize focus accordingly
Lead analysis, design and testing of data related to the implementation of various Compliance Risk Assessments
Strong analytical skills required to organize and analyze multiple, complex data sets strong interpersonal, organizational, communication and creative thinking skills
Ability to quickly grasp and understand business unit specific AML risks and provide recommendations for appropriate solutions to effectively identify and assess those risks is essential
Development and maintenance of risk scoring and rating models, build top level dashboards that provide metrics and key risk elements
The Risk Assessment Data Analyst reports into the Lead for Risk Assessment Analytics
Work closely with CTPO, Delivery Managers, Sourcing & Procurement Services, and Legal in order to ensure cross-team communication and cohesiveness
End-to-end responsibility for the five phases of engaging and monitoring third-parties
Manage a pipeline of existing third-party suppliers and new third-party supplier engagements
Further develop existing policies and procedures, including Quality Control and a method to ensure compliance therewith

Risk Oversight Qualifications

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

Licensing or Certifications for Risk Oversight

List any licenses or certifications required by the position: PMP, CISSP, CISM, CPA, MBA, CISA, FRM, CFA, PRM, CRM

Education for Risk Oversight

Typically a job would require a certain level of education.

Employers hiring for the risk oversight 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, Economics, Statistics, Management, Accounting, Education, Mathematics, Engineering, MBA

Skills for Risk Oversight

Desired skills for risk oversight include:

Internal controls and risk assessment
Regulatory requirements
Applicable regulations
Financial institutions business strategy
Regulations
PowerPoint
Risk/Compliance/Audit competencies
Applicable laws
Financial services
Behavior of capital markets products

Desired experience for risk oversight includes:

Verbal and written communication and presentation skills – demonstrate the potential to develop the ability to give presentations on risk types and the associated risk management techniques to clients, boards, internal groups and regulators
Oversight of centralized LOB repository for tracking engagements
Track and record all supplier contracts in the firm’s SPARC (Sourcing Process Application Reporting & Control) contract repository
Ensure compliance with LOB policy for alternate process vendors
Provide reporting for senior management
Work with Controls team to evaluate Risk & Control Self Assessments (RCSAs)

Risk Oversight Examples

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Risk Oversight Job Description

Job Description Example
Our company is looking to fill the role of risk oversight. 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 oversight
  • Oversee the quarterly production of the Canadian Banking and line of business risk appetite statement, ensuring awareness and understanding of performance relative to the appetite and anticipated pressure points
  • Support businesses in preparing for, managing and responding to OSFI reviews and addressing OSFI findings
  • Actively challenge each Function to ensure that the risk profile is balanced, comprehensive and transparent reflection of the Function compared to risk appetite
  • Contributes to the review and in some cases sign-off of operational risk programs executed by the Functions including RCA’s, scenario analysis and initiative assessments
  • Work directly with the leadership team of the Functions to embed understanding of the risk profile and risk appetite into strategic decisioning
  • Coordinating the RCSA data entry for the Risk Organization
  • Partner w/ the central control team to execute a Quality Assurance program
  • Build and maintain strong relationships with stakeholders to facilitate open information channels and to ensure that the OR function remains aware of business change, relevant to the risk decision making process through both counsel and challenge
  • Proactively drive the identification, assessment, measurement, mitigation and monitoring of operational risk through consumption of information from the effective deployment of Risk and Controls Self-Assessment (RCSA’s), Key Risk Indicators (KRI’s), scenario analysis, event management (monitoring of event recording, event trend analysis) and targeted risk assessments
  • Promote and instill a strong culture of Operational Risk Management and operational excellence, partner with the business to continually improve Operational Risk processes and business operating models supporting safe business growth and informing risk related decision making
Qualifications for risk oversight
  • History of implementing policies and procedures
  • Highly detail and process oriented, with excellent communication and writing skills a must
  • Broad influencing skills to drive execution
  • Excellent knowledge of asset classes traded in the global financial markets with a focus on credit
  • Securities, Treasury, Asset Management, Retail, Credit Cards)
  • Detail oriented and highly organized, with the ability
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Risk Oversight Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of risk oversight. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk oversight
  • Participation in monthly Regional/LOB/Functional Operational Risk Committees
  • Provide challenge to the Operational Risk Management team(s) for the assigned business related to their risk programs, activities, inputs and outputs to ensure that the risk profiles and process review assessments and conclusions are balanced, comprehensive and a transparent reflection compared to risk appetite
  • Keep apprised of, and where necessary, lead targeted process reviews of significant and/or confidential risk issues
  • Drive Interest Rate Risk (IRR) oversight in line with industry best practices and regulatory guidance
  • Responsible for continuous monitoring of market risk limits and developing additional metrics as required, commensurate with potential new emerging risks
  • Evaluate exception requests around market risk limits, policies and guidelines
  • Provide independent assessments of existing strategies and processes and drive enhancements as needed
  • Represent Treasury Risk at Market Risk Working Group
  • Work with Directors of Liquidity and FI Counterparty Risk to develop monthly reporting package and drive meeting agenda
  • Build relationships with the various business leadership teams while providing thought leadership and guidance around market risk practices
Qualifications for risk oversight
  • Candidates with working knowledge of Wholesale Banking are preferred
  • Role is based in London
  • Liaison with regulators in respect of Operational Risk matters
  • Knowledge / experience in wholesale banking products (deposits, commitments), secured funding, derivatives or prime brokerage preferred
  • Bachelor's Degree in finance, mathematics, business administration, economics and minimum of 5 years of experience in a wide range of markets
  • Ability to appreciate nuances of unique CIB & AM business models and manage across multiple stakeholder groups to achieve a consistent application of OR FW & tools
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Risk Oversight Job Description

Job Description Example
Our innovative and growing company is looking for a risk oversight. 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 oversight
  • Work with Treasury Risk leader to prioritize testing agenda for broader Treasury Risk Team
  • Coordinate oversight and governance of EMIR reporting
  • Monitor ongoing operational effectiveness of key technology-related regulatory controls and associated remediation activities and drive compliance, and act as central point of contact for the department
  • Responsible for communication in the department to ensure people in their department are aware of risks and controls
  • Provide key reports focusing on accurate, timely overall risk status, progress, and items at risk allowing IT management team to make good decisions and ensure compliance to budget and policy
  • Accountable for compliance to all operational risk and controls and escalation point for the department (IT Security and Vulnerabilities, Data Loss Prevention, Breakglass, RFC, MICOS, SOX)
  • Deliver regular management reporting (Department Scorecard, KPI Dashboard, and Operational Compliance Metrics), analyze trends, review key findings and drive mitigation thereof in close collaboration with senior stakeholders
  • Assist in supporting key financial management activities (Cost Accounting monthly forecast, expense management, deployment reporting)
  • Assist in supporting oversight of TCO governance, procedures and reporting
  • Assess and understand new business proposals from the business and assess and evaluate impact to various Operational groups
Qualifications for risk oversight
  • Ability to appreciate nuances of unique CIB & AM business models and manage across multiple stakeholder groups to achieve a consistent application of ORMF & tools
  • Successful applicant will be based in either Beijing or Shanghai
  • 1) Bachelor's Degree and minimum of 3 years of finance experience in a wide range of markets, OR 2) Master's Degree and 1 year of finance experience in a wide range of markets
  • Develop and implement framework for conducting end to end process reviews and thematic deep dives of critical cross business/LOB Shared Infrastructures to ensure (1) risks and controls -- including handshakes and dependencies -- are appropriately managed and reflected across multifunctional/LOB RCSAs and (2) loss scenarios are appropriate and consistent
  • Proactively drive the identification, assessment, measurement, mitigation and monitoring of OR from various sources including RCSA’s, KRI’s, scenario analysis, event management (monitoring of event recording & trend analysis) and targeted risk assessments
  • Practical understanding of/ability to apply OR tools to achieve a consistent results
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Risk Oversight Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of risk oversight. 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 oversight
  • Assess and challenge implementation plans and controls to meet regulatory requirements
  • Act as key point of communication and coordination for all operational aspects of new business projects and act as a conduit to transfer information across non Operational support functions, in order to move initiatives forward
  • Facilitate the development and implementation of controlled solutions to non-standard requirements in partnership with the relevant Subject Matter Experts
  • Ability to influence the structure of projects to suit Operations strategy and ensure areas of control weakness are avoided
  • Manage the project sign off process with senior management, ensuring all necessary sign offs are collated, checklists completed and caveats recorded
  • Articulate New Business concepts to senior management with confidence and composure
  • The key function of the department is to ensure that new business is captured and implemented in all of the departments within Operations in a controlled manner
  • Working with the Chief Risk Officer (CRO), Risk Chief Data Officer (CDO), Deputy Risk CDO, experts and regulators, you will define and continuously refine a comprehensive model for Effective Challenge including qualitative and quantitative criteria to be used to measure RDARR risk management outcomes
  • You are an out of the box thinker who is able to challenge the appropriateness of RDARR-related policies and standards and review the effectiveness of their deployment
  • You will continuously review the effectiveness of governance of Critical Risk Reports and Critical Data Elements including processes related to user satisfaction, the appropriateness of quality measures and the effectiveness supporting capabilities
Qualifications for risk oversight
  • Strong track record at managing RCSA
  • Strong data analysis including statistical skills, hands on experience working with complex data sets, pivot tables, advanced database and statistical functions and methods
  • 3-5years of relevant work experience in a Business Analyst/Reporting role
  • Minimum Bachelor degree in a quantitative discipline with Masters of Business Administration or Economics preferred
  • Bachelor’s Degree in finance, mathematics, business administration or economics and minimum of 10 years of experience in a wide range of markets
  • Minimum of 5 years of experience ALM or Risk Management Experience in U.S. Regulated Commercial Banking or Consumer Credit Environment
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Risk Oversight Job Description

Job Description Example
Our company is hiring for a risk oversight. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk oversight
  • You will coordinate with Enterprise Operational Risk Management and selected Centres of Governance in their role as Second Line of Defence for Business Continuity Management, End User Computing Management and other RDARR-related requirements
  • An understanding of of the Markets risk systems and associated risk factors
  • Able to operate independently, create a structure and project manage
  • An excellent communicator with a high attention detail who thrives under pressure
  • Able to find efficient solutions to operational problems
  • Quality assures the trades and associated risk factors that generate the uncleared initial margin requirement
  • Review and escalate, where applicable, trade activity and / or bookings that do not generate the correct factors / margin
  • Liaise with counterparties directly to understand and resolve the causes of risk and margin discrepancies
  • Run ongoing internal validation of the initial margin model (vs historical simulation VAR and realized P&L changes), investigate exceptions and produce regulatory reporting
  • Source and quality assure historical market data used to validate the initial margin model and participate in cross-industry calibration processes
Qualifications for risk oversight
  • Excellent analytical and critical thinking skills, high level of self-initiative required, including an ability to balance and execute multiple projects at once and deliver results under tight time constraints
  • Work with Treasury to monitor limits, provide reporting of exposure including exposure vs
  • Deep business understanding of either markets business and/or operations
  • Successful applicant will be based in Singapore
  • Deep business understanding of the TS and Banking business in addition to a general understanding of the other Lines of Business functioning in the region
  • Ability to work independently while maintaining a low error rate required

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