Business Risk Analyst Job Description
Business risk analyst
provides support & risk guidance in the areas of enterprise infrastructure, cloud-based software/infrastructure security, and secure software development.
Business Risk Analyst Duties & Responsibilities
To write an effective business risk analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included business risk analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Analyzing risk methodology change requirements
Develope functional specifications document
Develop and execute testing plans, identify
Cooperate with IT on test defects resolutions
Provide up-to-date status report throughout the release cycle
Oversee and co-ordinate adhoc impact analysis requests
Assist with training and business process organization of a newly established team
Requirements gathering - Document business strategies and goals
Lead detailed analysis and design phases identifying, tracking, escalating and/or resolving business system issues
Together with Project Manager, Application Development Manager and/or Technical Systems Analyst, determine best mix of development, interfacing applications, third party vendor solutions to meet business requirements and project objectives
Business Risk Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Business Risk Analyst
List any licenses or certifications required by the position: FRM, PRM, CAMS, CFA, CFE, CISSP, CISA, PMP, CISM, RCSA
Education for Business Risk Analyst
Typically a job would require a certain level of education.
Employers hiring for the business risk analyst 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, Statistics, Engineering, Computer Science, Mathematics, Management, Education, MBA
Skills for Business Risk Analyst
Desired skills for business risk analyst include:
Adhere to Flagstar’s internal compliance policies and procedures
AML/CTF
Banking regulations within risk management and bank-capital related disciplines
Cloud and software as a service technology
Commitment to the Department's Aboriginal education policies
Cross border and anti-fraud
Desktops
Enterprise Risk models and tools good understanding of Enterprise Risk framework
Infrastructure
Key processes
Desired experience for business risk analyst includes:
A degree-level education (or equivalent) in computer science, engineering, mathematics or science
Strong expertise with analysis and modeling tools (Enterprise Architect, Visio UML etc)
Ability to organize team work and solve interpersonal conflicts
Strong knowledge of Internal Controls (Level 1, 2, 3)
The person in this role must be a good fit with the team, work well with others and have the utmost level of professionalism
Experience with Process Improvements and Reengineering
Business Risk Analyst Examples
1
Business Risk Analyst Job Description
Job Description Example
Our growing company is hiring for a business risk analyst. 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 business risk analyst
- Provide governance around the Risk Control Self Assessment policy
- Develop and translate the RCA Framework in to BRDs (business requirement documents) and FRDs (functional specifications)
- Provide ongoing engagement with the Chief Officer to identify and escalating issues and lessons learnt to the R&CA Manager
- Develop and enhance Risk and Control Assessment methodology, guidelines, training, communications and policies
- Gathering, clarifying and reconciling requirements for new projects for global businesses
- Performing analysis of existing systems within environment optimization programs
- Writing Business Requirements Documents to capture the business requirements
- Writing Functional Requirements Document to document development work
- Investigating the logic required to be implemented in order to build new modules of a macro risk system
- Conducting sign-off process for BRDs with the business
Qualifications for business risk analyst
- A track record of continually assessing the progress of a project and pre-empting problems by identifying change requirements is essential
- Extensive experience in managing cost, timescale, quality and benefits realisation requirements with the agreement of project sponsors
- Strong understanding of the requirements for project standards and documentation including timelines, status/risk/issue reporting and communication, exception reporting and project sign off
- Qualification (or equivalent experience) in management and/or formal project/programme management qualification
- Experience of managing change in a risk environment
- An understanding of IT Systems and Data Flows
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Business Risk Analyst Job Description
Job Description Example
Our company is searching for experienced candidates for the position of business risk analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for business risk analyst
- Thorough data analysis of new / enhanced market risk data sources
- Understanding VRG’s financial product coverage, its set of processes and controls, including mark reviews, valuation model control, Balance Sheet categorization based upon observability (in accordance with FAS157), consensus market price processes, Prudent Valuation, Counterparty valuation reviews, and G/L reconciliations
- Design and specify data extraction and transformation specifications from Finance and Risk Data Mart (FRDM) to risk engines for implementation
- Develop test plans, cases and scripts and execute testing
- Manage project issues and risks with timely issue escalations
- Execute tasks on a timely basis according to a defined project schedule
- Understand project plan with understanding of dependencies and critical path items
- Participate in the transition of work from other groups to a central team (including analysis of gap analysis of current to future processes, creation of transition documentation/communications)
- Develops business requirement and functional business requirement specifications ranging from moderately complex to complex
- Prepares detailed requirements specifications and diagrams that outline both business process and system flowcharts
Qualifications for business risk analyst
- Takes accountability for own work
- Ability to work effectively with business team, developers, technical analysts
- Aligns immediate needs with long-term strategies
- Experience working on projects implementing applications for business users
- Business Analysis certification and/or completion of BA training courses an asset
- Strong analytical skills combined with the ability to view the bigger picture
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Business Risk Analyst Job Description
Job Description Example
Our company is searching for experienced candidates for the position of business risk analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for business risk analyst
- Reviewing and challenging the solution architecture and technical design as proposed by GT
- Providing, upon request, early business functionality steer during GT code development, before code completion and after BRD sign-off
- Developing and elaborating on the target operating model (TOM) together with BAU Stakeholders post go-live
- Supporting the relevant BAU stakeholders / sponsors with identification and / or creation of the required documentary evidence to enable them to work through closure of their business risks and issues
- Pro-actively communicate and collaborate with business clients to analyze Business Requirements, write Functional Requirements associated artefacts
- Work collaboratively with the CCB Risk process owners (CCB-wide and Lines of Business), Technology, CCB DMC, Control Officers and other key stakeholders, to facilitate the development and evaluation of business readiness through procedure development, independent review and validation evolution, and risk control assessments evolutions and monitoring
- Develop complex process quality assurance testing using technology to support report recreation
- Provide regular status reports to Governance forums of critical issues and significant concerns from Independent review and validation delays in action plans
- Conduct privacy and security impact and/or risk assessment analysis by supporting and consulting with business and IT partners on recommendations and/or mitigation strategies
- Leads and/or participates on project teams
Qualifications for business risk analyst
- Relevant experience in running project, conducting business analysis, involving in UAT will be a plus
- Degree in Statistics, Mathematics, Finance, Economics, Accounting or equivalent
- Perform requirements stakeholder analysis in conjunction with the Project Manager
- Apply other elicitation techniques as applicable to the project – job shadowing, brainstorming, focus groups, prototyping, etc
- High Level Requirements (HLR)
- Problem/Opportunity Analysis (POA)
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Business Risk Analyst Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of business risk analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for business risk analyst
- To work closely with testers to ensure that the appropriate level of testing is completed prior to release of developed functionality
- In each release cycle, to demo newly developed functionality to the appropriate stakeholders during the development lifecycle and before release to production
- To manage business feedback and create development tasks / specifications as appropriate
- To build relationships as necessary to ensure that all necessary input is taken into account during the specification process
- Diagnose problems and develop compelling, data-driven recommendations
- Partner with Product, Engineering, and Data Science teams to design solutions to operations problems, influence product roadmaps, and solution new products and processes
- Estimate scope and resources related to requirements documentation
- Collaborate with other product owners for industry-segment solutions
- Identify and investigate operational risk events, ensuring root cause analysis and control assessments
- Identify process/control weaknesses and raise issues and associated actions, where required
Qualifications for business risk analyst
- Resolve conflicts/issues on behalf of requirements team on a project/program and escalate as required
- Ensure that requirements team/ project stakeholders understand project future state vision, support and reinforce targeted behaviours that contribute to project goals
- Retains, attracts, develops top talent through effective workforce planning and diversity
- Requirements analysis and documentation – Scope Modeling, Business Process Modeling, Root Cause Analysis, SWOT, COTS Gap Analysis
- Requirements management and communication – requirements traceability, requirements risk assessment, requirements walkthroughs
- Knowledge of documentation and modelling tools
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Business Risk Analyst Job Description
Job Description Example
Our innovative and growing company is hiring for a business risk analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for business risk analyst
- Researching and applying size of wallet models across global markets
- Provide technical and analytical support, train our consultants
- Produce required project documentation
- Developing, Implementing and Tracking Case Setups Logic across markets
- Developing and Implementing Market Specific Requests for Case Setups
- Designing & Tracking Test & Control Strategies for Specific Markets
- Work on ad-hoc analytical projects which will guide solutions to operations problems and influence product roadmaps
- Articulate analyses and findings in comprehensive reports and communications
- Manage the development, reporting, and visualization of key performance indicators for the entire Risk organization
- Learn, grow, and develop advanced analytical skills
Qualifications for business risk analyst
- Partner with subject matter experts across numerous functional areas (Product Control, QR, Tech, Market Risk) to identify business requirements for Risk Central
- Engage with Application Development teams to communicate business requirements and contribute towards the functional design of Risk Central
- Work with the Project Management Office on aspects of project planning to help ensure deliverables are appropriately documented and tracked
- Knowledge and experience of risk and PNL reporting
- Experience working on medium to large Project teams
- Proficiency in Excel / Visio / Powerpoint