Senior Risk Manager Job Description
Senior risk manager
provides assistance with documenting the controls related to all relevant risk, compliance with laws and regulations, established compliance programs, internal controls and operational processes.
Senior Risk Manager Duties & Responsibilities
To write an effective senior risk manager job description, begin by listing detailed duties, responsibilities and expectations. We have included senior risk manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Drive meaningful reporting of risk data by LE by resolving the LE tagging issues
Involved in Technology Service Provider (TSP) review process and RFP development/review
Conducts TSP risk assessments and security walk-through for TSP technologies and business solutions
Report to management regarding TPS audit item assigned during various internal, OCC, state or external audit examinations
Promotes use of Archer Risk Management system for application and vendor assessments
Chairs quarterly Information Security Risk Assessment Council sessions
Ensures ISRAC internal controls are compliant and assessed quarterly
Executes Quarterly FDICIA IT controls review and reporting
Executes Quarterly IT KRI review and reporting
Determine the appropriate reporting cadence, methodology and plan
Senior Risk Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Senior Risk Manager
List any licenses or certifications required by the position: CISA, CISSP, CISM, PMP, CRISC, CPA, AWS, FPX, DMZ, DNS
Education for Senior Risk Manager
Typically a job would require a certain level of education.
Employers hiring for the senior risk manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Business, Finance, Management, Engineering, Accounting, Economics, MBA, Statistics, Education, Mathematics
Skills for Senior Risk Manager
Desired skills for senior risk manager include:
Regulatory requirements
Key processes
Internal controls and risk self assessment
Products and operations
Controls and exposure areas
Business processes
Process analysis and control design techniques
Business areas processes
Operational processes and controls in place that support all compliance programs
COSO
Desired experience for senior risk manager includes:
Conceptual and strategic/forward thinker
ARM or other related professional designation preferred
Familiarity with credit regulatory compliance requirements in key European markets
Strong analytical skill - must be able to analyze complex data, draw meaningful/accurate conclusions, and make holistic business recommendations
Engage with internal and external stakeholders to devise and execute project plans, leveraging credit product experience and project/process management experience
Ability to approach problems in a quantitative and qualitative manner, and partner with the business to understand their needs, and drive solutions specifically around process improvements
Senior Risk Manager Examples
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Senior Risk Manager Job Description
Job Description Example
Our company is growing rapidly and is looking for a senior risk manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for senior risk manager
- Advises on new products, initiatives and strategies from a risk and control perspective
- Lead, manage and facilitate the ERM and ORM agenda for the UK Business and Risk Governance meetings across all UK departments
- Lead, manage and facilitate the first line Conduct Risk and reporting programme across the UK business
- Lead, manage and facilitate the UK New Product, Marketing and Initiative Governance process
- Oversee UK utilisation of the enterprise risk system and adherence to enterprise risk policies and standards
- A passion to develop risk management and best practices
- Experience in enterprise and operational risk management gained in a financial services or banking environment
- Well developed leadership and people management skills
- Familiarity with various risk management reporting systems
- Experience of presenting at RIsk Committee level with strong influencing and partnering skills
Qualifications for senior risk manager
- Security +, CISA or CISSP certification acquired
- Experience in managing a multi-site team
- Ability to lead teams and programs, across multiple organizations
- Technical knowledge across many domains would be an asset
- Minimum of 8 to 15 years of exemplary experience in commercial loan analysis preferred
- Excellent understanding Trade Products and solutions, including import and export financing, Documentary Credits, Collections, Guarantees, Receivables Finance, Commodity and Structured Finance, Supply Chain Solutions
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Senior Risk Manager Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of senior risk manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for senior risk manager
- Exploring the applicability of machine learning techniques or other modeling tools at AXP
- Documenting detailed model / algorithm validation report and preparing for the regulatory and internal audit reviews
- Tracking the validation findings and reviewing the resolution of these findings
- Communicating the validation results to partners, senior leadership, and various model committees
- Conducting research to enhance model validation process and techniques
- Advise on new products, initiatives and strategies from a risk and control perspective
- Oversee risk management output from external investment managers
- Establish & maintain carrier relationships
- Oversee EMEA Insurance program administration & planning
- Work with senior internal and external stakeholders
Qualifications for senior risk manager
- A solid understanding of econometric concepts and approaches such as OLS estimator and finite-sample properties, asymptotic theory, logistic regression, autoregressive processes, and survival analysis
- 2+ years of experience in mathematical and statistical modeling
- SAS programming and Excel required
- Excellent reasoning ability to identify and evaluate key issues in complex modeling contexts and genuine interest in modeling excellence
- Ability to write professional technical reports and presentations with commitment to quality and accuracy
- Sound knowledge of retail credit business a plus
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Senior Risk Manager Job Description
Job Description Example
Our growing company is hiring for a senior risk manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for senior risk manager
- Cultivate relationships and channels of communication across the businesses and functions to maintain visibility and accessibility to activities and issues affecting the modeling community
- Build, drive and maintain a comprehensive assessment of model risk – including processes, models, assumptions, calculations and other activities – with updates at least annually
- Work with Risk and business partners to analyze model risk exposures and propose recommendations on controls and prioritization
- Oversight of the collection, tracking and reporting of governance and model risk issues through remediation
- Responsible for tracking progress, timelines and delivery/ expectations for model risk projects and goals
- Reviews and investigates clinical patient care occurrences and determine risk potential
- Assists in identifying areas for improvement and remediation and recommends solutions to business
- Interacts with peers, direct management, and key stakeholders within Risk department
- Provides input to the business on low/moderate impact risk issues
- Develop and enhance policies and procedures such as procurement, petty cash, advance payment and reimbursement
Qualifications for senior risk manager
- Five + years in a management role
- Lodging/hospitality experience strongly preferred
- Advanced knowledge of the claims management process
- Able to work in a matrix organization and make things happen without having to own all the resources
- Able to manage change – supports and manages change within the organization, taking steps to remove barriers or to accelerate its pace
- Steps forward to address difficult issues
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Senior Risk Manager Job Description
Job Description Example
Our company is looking for a senior risk manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for senior risk manager
- Facilitate escalations including instances of non-compliance or high risk concerns to appropriate stakeholders and ensure the completion of remediation activities with business management
- Lead in the development of third-party risk monitoring plans and protocols to sustain transparency into all third-party residual risks from the point of initial contracting with a supplier to the point of supplier termination
- Manage issue escalation processes to ensure appropriate stakeholders and executives across the enterprise are involved based on defined risk thresholds
- Perform initial review of risk metrics aggregated by the TPRM Specialists and address inquiries regarding reporting / dashboards
- Perform sample QC and QA on TPRM activities completed throughout the lifecycle
- Oversight of third party data integrity and inventory management within the GRC Technology
- Ensures that contingency & exit strategies and plans are in place in the event a relationship needs to be terminated
- Can work effectively both as a team member, independently and in a cross functional international business
- Able to establish and build effective working relationships with internal stakeholders
- Analyze and respond to project risk, issues and opportunities in order to maximize the results of positive events, and minimize the consequences of adverse events
Qualifications for senior risk manager
- Be responsible for data mining, analytics, research and capabilities development supporting regulated data
- Be execution-focused
- 3+ years of credit, operational risk, risk management and/or information management experience required
- BA, BS or graduate degree required within a quantitative field is preferred
- Provide oversight and challenge of business input into central processes including the Material Risk assessment, ORSA and control environment
- University degree in commerce, finance, business, economics, or an accounting related discipline
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Senior Risk Manager Job Description
Job Description Example
Our innovative and growing company is hiring for a senior risk manager. 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 senior risk manager
- Analyze currency exposure forecasts, evaluate and present alternative hedging strategies / collaborate with the Financial Markets group to strategize on optimal hedging approaches
- Execute FX spot, forward and options transactions
- Lead in Treasury integration of new acquisitions / carve-out of divestitures, conduct Treasury due diligence of potential targets
- Analyze liquidity / financing requirements of the Business Units and provide internal financing, if possible, or organize external financing when necessary
- Provide market information and corresponding advice, indicative calculation rates for bids based on corporate guidelines
- Monitor liquidity targets and risk limits for partner banks in the region
- Ensure compliance with internal controls, policies and processes
- Manage requests for exemptions from treasury guidelines
- Managing and driving strategic projects to ensure that there is the appropriate review, challenge and delivery of the outcomes, the assessment, escalation and oversight of the significant risks being introduced by projects
- Managing and maintaining a divisional Business Continuity Management (BCM) strategy to ensure the Wealth Business Units can provide critical services to key customers in the event of a major business disruption and that a co coordinated and efficient divisional approach is adopted
Qualifications for senior risk manager
- Legal degree or experience in the Legal profession
- Masters degree in Statistics, Mathematics, Operational Research, Engineering or related fields required
- Hands-on model building or validation experience
- Strong analytical and project management skills for driving validation initiatives
- Experience in applying advanced statistical and/or quantitative techniques to solve business problems is preferred
- Good verbal and written communication skills, interpersonal skills, and ability to work effectively in a team environment