Risk Specialist Job Description
Risk specialist
provides general support for M&IS team and business partners to convey complex technical information, enhance the ability to access and use needed information, and deliver solutions that meet business requirements set forth by various business partners.
Risk Specialist Duties & Responsibilities
To write an effective risk specialist job description, begin by listing detailed duties, responsibilities and expectations. We have included risk specialist job description templates that you can modify and use.
Sample responsibilities for this position include:
Run the monthly Economic Capital process, including the necessary file preparation and parameter uploads into Risk Frontier, for the calculation of credit risk economic capital in accordance with Credit Methodology/Model Risk and Vetting approved methodology
Quantification of the impact of different stressed scenarios from different sources
The Executive Assistant ascertains the nature of incoming phone calls, accurately records messages and transfer calls as necessary
Composes and types correspondence, memo, presentations, organizational charts, confidential materials
Assist with cash management and forecasting by optimizing cash across multiple currencies
Participate in collateral management and corresponding with our multiple prime brokers and OTC counterparties
Create solutions to improve current processes
Assist with multiple ad-hoc Risk and Treasury team requests
Handle multiple trading strategies, security types, derivatives, and international investments
Establishing a formalized and proactive liquidity risk identification process to ensure Liquidity Risk Control is well versed in internal and external factors impacting liquidity risk
Risk Specialist Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Risk Specialist
List any licenses or certifications required by the position: CAMS, CISA, SOX, ARM, SOC, ISAE3402, ISO, DSS, PCI, IRM
Education for Risk Specialist
Typically a job would require a certain level of education.
Employers hiring for the risk specialist job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Education, Business, Economics, Statistics, Engineering, Management, Accounting, Mathematics, Graduate
Skills for Risk Specialist
Desired skills for risk specialist include:
Ability to leverage that information in creating customized customer solutions
Values and practices that align customer needs and satisfaction as primary considerations in all business decisions
Ability to create
Evaluate and enhance processes in internal controls
Implement
Business process improvement tools and techniques and ability to understand
Enhance existing business
Monitor
Update
Work processes
Desired experience for risk specialist includes:
Is able to maintain confidentiality related to private and confidential business matter
Ability to work on own initiative within a larger team
A minimum of 3 year derivatives modelling experience and corporate treasury structural market risk modeling experience is required
The ideal candidate will at a minimum hold a combination of an undergraduate degree in a quantitative field (Math/Physics/Engineering) and a post-graduate degree in Math/Physics/Finance/Economics
The candidate should also possess and demonstrate a high achievement orientation and strong quantitative skills
Facilitating executive level decision-making by performing trend analysis and reporting on emerging liquidity risks to appropriate governing bodies
Risk Specialist Examples
1
Risk Specialist Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of risk specialist. 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 specialist
- Monitor data accuracy in risk system of record and serve as a general SME on use of the system
- Participate in the preparation of risk management reporting for assigned business area
- Analyze data from multiple sources to aid in the assessment of risk for assigned business areas
- Periodically perform independent reviews of assigned Global Finance activities for compliance with control performance standards and applicable policy and regulatory requirements against a set of defined qualitative/quantitative metrics
- Engage with subject matter experts in enterprise risk programs, Compliance, the Business, and Legal as needed to assess adherence to requirements as necessary
- Ensure any assigned business area is aware of, and meets, enterprise wide program requirements and timelines
- Obtain and maintain a level of expertise in assigned enterprise wide program framework, requirements, and deliverables and its application to Global Finance
- Act as the Business Risk Office lead in preparation for upcoming audits, exams and investor reviews
- Strong communication and Project Management skills are required to act as the liaison between internal audit and the leadership teams within the lines of business
- Act as the Business Risk Office lead for remediation of findings resulting from audits, exams and investor reviews
Qualifications for risk specialist
- Ability to work successfully without direct supervision
- Professional business presence and effective presentation skills
- At least 3 years’ experience in the Compliance field or Audit field or Risk Management field or Legal field
- 5+ years’ experience in the Compliance field or Audit field or Risk Management field or Legal field
- 1 year of Financial Services Risk Management Experience
- Coordinate testing where applicable to validate sustained performance in targeted risk areas
2
Risk Specialist Job Description
Job Description Example
Our innovative and growing company is looking for a risk specialist. 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 specialist
- Able to understand business processes, and provide input for business solutions
- Contributing to production of the operational risk dashboards and reports to support senior leadership team, developing and enhancing the compliance risk and control self-assessment (RCSA) process
- Consistently assessing and communicating project status from a timeliness and quality perspective
- Tracking and reporting project metrics
- Ensuring appropriate escalation and communication of issues and delays
- Providing recommendations and assistance in the creation of processes / procedures to streamline tasks and provide supporting analysis
- Providing data and creates presentations for diverse audiences
- Participating in and presenting at related meetings
- Driving engagement and participation across multiple teams, working groups, and committees to fulfill responsibilities and resolve issues
- Facilitate and validate month end Key Risk Indicators &
Qualifications for risk specialist
- 5 years of operations risk management and orginations experience
- Expertise with full MS Office Suite including Word, Excel, PowerPoint, and Access, Visio, Adobe, SharePoint, and similar applications
- Conducts analyses and provides information to Senior Management and the Board of Directors to properly manage the Retail Portfolio of the Company, and the Retail Allowance
- Provides information to both internal and external auditors, and external regulators, to ensure their accurate understanding and analysis of the Retail portfolio
- Builds analytical models to help determine the dollar amount to provision for the loan loss reserve
- Provides economic analysis of the national, regional, and local economies
3
Risk Specialist Job Description
Job Description Example
Our company is looking for a risk specialist. 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 specialist
- Conducting deep dives into sizeable data sets to answer key business questions
- Define the strategy in regard to information security governance
- Provides account operational descriptions, safety management system assessment, exposure assessments and overall risk evaluation to Underwriting through formal written reports and ongoing verbal communications
- Provides risk control consultation services to contractor and wrap-up clients that focus on both regulatory requirements and best practice safety/risk management practices
- Identifies areas of improvement for safety and risk management systems and provides formal recommendations to clients as necessary
- Maintains effective partnerships with clients
- Collaborates with management and other employees in developing policies, procedures, service tools, technical resources, techniques and new products in order to support and enhance the delivery of risk control consulting services
- Apply expertise in homeland security, national security, risk, and resilience analyses while managing related programs and projects
- Apply innovative approaches, methodologies, and tools to analyze national-, regional-, and local-level risk and resilience
- Establish and maintain relationships with both current and future sponsors
Qualifications for risk specialist
- Experience with development / maintenance of dashboard reporting
- Ability to manage multiple high visibility projects simultaneously
- Ability to influence across all areas and at all levels of the organization
- Excellent negotiation, communication, and internal customer service skills
- Bachelor’s degree from an accredited University or College with a minimum of 5 years’ relevant work experience
- Minimum 2 years’ financial services experience across Risk Management and/or Finance
4
Risk Specialist Job Description
Job Description Example
Our company is searching for experienced candidates for the position of risk specialist. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk specialist
- Take incoming workers compensation claims and enter into Third Party Administrators system
- Provide Risk and Safety expertise on transit systems and/or rail systems (passenger/freight)
- Communicate with customers, employees, adjusters, attorneys and other relevant parties
- Provide support in weekly, monthly, quarterly, and annual reports training presentations
- Produce risk reports using a wide variety of proprietary technologies for Major hedge fund clients
- Analyze quantitative results and find potential process improvements
- Perform data entry and first level data validation
- Test new risk technology offerings for quantitative and qualitative assurance
- Frequently communicate with clients and internal stakeholders
- Perform data analysis and modification/cleaning as necessary
Qualifications for risk specialist
- Professional Certification related to Audit, Compliance, or Project Management (CIA, CRMA, CFE, PMP, etc)
- 2 years of experience performing Regulatory Exams and Internal Audits
- 1 year of experience acting as Exam Lead or Auditor In Charge (AIC) on Regulatory Exams or Internal Audits
- 1 year of risk and fraud management experience
- Good knowledge of typical risks inherent in business processes (IT, Sales, Finance)
- 5 years’ experience in risk management and analytics
5
Risk Specialist Job Description
Job Description Example
Our innovative and growing company is looking for a risk specialist. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk specialist
- Increased penetration of RISK solutions and services into existing accounts
- Partner with multiple cross-functional teams to develop and maintain consistent and accurate content that helps reassure sellers and direct them to provide the right information about their business and transactions
- Manage multiple content projects, dependencies, and timelines at once
- Collaborate with country market teams to localize, and provide content support across multiple locales
- Leverage experiments, seller feedback, feedback from Risk agents, and other data points to improve existing content and team processes
- Is diligent in maintaining current knowledge on industry issues and Financial & Risk’s product solutions
- Support the Functions and projects in identifying the risks they are exposed to, by leading and facilitating risk identification meetings and workshops as appropriate and using a variety of risk identification tools and techniques
- Support the Functions and projects in assessing their risks accurately by using a variety of risk assessment tools and techniques to avoid commonly known assessment bias (conscious factors, subconscious factors and affective factors)
- Provide advice and guidance to the Functions and project managers on the most appropriate risk management (handling) strategies and responses
- Support the elimination of risk information redundancy and lack of coverage
Qualifications for risk specialist
- Data entry changing OBP codes on DDA accounts
- Processing Returned Deposited items and Returned Teller Cashed Checks
- Reviewing overdrawn accounts for the Right of Offset
- Researching Cash Advance disputes
- Working with Access Databases
- Processing Losses and Loss Reviews for all Retail Branches