Business Risk Control Management Job Description
Business risk control management
provides support in ensuring effectiveness of Operational Risk frameworks throughout the region/country via robust Risk Control Assessments, operational processes and internal controls.
Business Risk Control Management Duties & Responsibilities
To write an effective business risk control management job description, begin by listing detailed duties, responsibilities and expectations. We have included business risk control management job description templates that you can modify and use.
Sample responsibilities for this position include:
Collect data quality issues and define solutions
Develop and provide management information to business/function management and risk committees
Support assessment of operational risk in material projects and initiatives
Develop and implement process for timely identification and escalation of Management Self-Identified Issues
Manage a process to escalate significant, current and emerging operational risks and internal control issues to the regional/country ORIC Team and/or regional/country ORIC Committee
Act as “Business Owner” of Key Dimension Combination (“KDC”) in ORION system, for area of responsibility
Coordinate assessment of operational risk in material projects and initiatives
Facilitate timely identification and escalation of Management Self-Identified Issues
Reviews of ORCs contribution to Operations wide metrics (Cost Per Trade, Capacity & Constraints)
The Senior Manger BRCM is responsible for supporting the head of BRCM with directing and managing the integration of Core Operational Risk Management activities and providing feedback on the embedding of the Operational Risk Management Framework activities within and throughout their respective area within business
Business Risk Control Management Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Business Risk Control Management
List any licenses or certifications required by the position: CISSP, CISA, CISM, AML, CRSC
Education for Business Risk Control Management
Typically a job would require a certain level of education.
Employers hiring for the business risk control management job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Business, Management, Finance, Accounting, Economics, Information Systems, Statistics, Education, Auditing, Legal
Skills for Business Risk Control Management
Desired skills for business risk control management include:
Changing regulatory environment especially in the financial services sector
Operations and business
Organizational
Services
Systems & processes
Technological changes impacting operational risk and internal controls
Group and the CMB business
HSBC policies
Procedures
Risk management frameworks
Desired experience for business risk control management includes:
The role holder needs to ensure that potential risk areas are accurately recognised and creative solutions are delivered in a timely, concise manner
As a Global business, CMB is required to undertake responsibilities for the effective implementation of the Group’s Operational Risk Framework
The nature of the role requires close working contact with senior executives in the Group and Region
The jobholder will adhere to and be able to demonstrate adherence to internal controls
Daily discretion with assigned authority
Regular office working environment
Business Risk Control Management Examples
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Business Risk Control Management Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of business risk control management. 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 control management
- Coordinate design, measurement and reporting of key indicators
- The position requires secondary coverage of the IT Operations (ITO) Financial Function (MICS) and provides senior leadership oversight of the ITO MI (Management Information) to IT Operations management
- This position will have limited decision making responsibility to the extent that it impacts the task at hand and in helping to design agreed upon deliverables
- Through routine engagement, maintain & build strong credible respectful working relationships with all BRCM Americas functional heads & senior managers to ensure the key ORIC / BCRM disciplines
- Assist business managers in completing Risk Control Assessments (RCA)
- Development or enhancement of monitoring tools to evaluate the operating effectiveness of the key controls in the Business
- Perform other job-related duties as assigned (HELIOS maintenance, Daily Escalation Summary (“DES”) incident reports )
- Lead the design, drive implementation and provide oversight of control programs/ significant control initiatives / control activities within the LOB Finance and Controller teams
- Serve as a trusted risk advisor and key point of contact for LOB Finance (CFOs and their Senior Managers) and Controller teams
- Drive internal issue escalation routines (self-identification, assessment and effective mitigation plans) and consistent governance routines across Finance groups
Qualifications for business risk control management
- In addition, the jobholder is expected to be highly organized, be able to prioritize and manage deadlines, and to act independently and exercise broad discretion with minimal guidance and supervision
- At least 5 years of relevant experience in operational risk and controls, preferably gained through working in front office, risk management, consulting role in financial industry, Audit, Compliance or Operational risk management
- Extensive knowledge of Markets products
- Bachelor's Degree in business, finance or related field, advanced degree or certification preferred
- 8+ years of Risk & Control related experience in a Retail Brokerage and/or Wealth Management environment
- Working under pressure to meet tight deadlines
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Business Risk Control Management Job Description
Job Description Example
Our innovative and growing company is looking for a business risk control management. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for business risk control management
- Engage FCO central team on significant issues, escalation, and policy matters to ensure global consistency, efficiency and effectiveness in control routines
- Promote continuous reassessment of processes to drive simplification and improvement to the control framework
- Manage, motivate and develop a team of finance professionals in a rapidly changing, high profile environment
- Perform data analysis addressing data gaps, execution of tactical and strategic solutions
- Challenge existing processes to develop synergies, ensure alignment across all TFS&O
- Work to ensure business control data is complete, accurate and received on a timely basis
- Prepare monthly issue portfolio reconciliation reports for senior management monthly reviews
- Liaise with Global Banking and Markets Risk & Control (GBAM R&C) team to reconcile metrics impacting TFS&O and GBAM
- Supports the business/function/HOST in its management of operational
- Risk appetite, ensuring business/function/HOST operates in compliance
Qualifications for business risk control management
- Personal decision making on material issues and being able to make/robust tough decisions which maybe contrary to the control owners point of view
- Being able to adapt communication of issues some of which will be complex to a diverse and sometimes non-technical audience
- Minimum of a Bachelor’s degree and ideally a qualified accountant
- Ideally, an individual that has a strong understanding of the end to end financial and valuation reporting processes in a Global Markets environment
- Working knowledge of Spanish a plus
- Minimum of a Bachelor’s degree with 10 years equivalent experience
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Business Risk Control Management Job Description
Job Description Example
Our company is searching for experienced candidates for the position of business risk control management. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for business risk control management
- Assist in developing, maintaining and improving program policies, strategies, controls and procedures within the assigned CWM Operations Group
- With operational risk framework and standards
- Build relationships and interact with US Operational Risk team and other
- Second line of defense’ teams, Global BRCM, and others for operational
- Risk and internal control matters
- Authority are referred to higher levels of management for approval
- Officer in Charge (OIC) for Head of BRCM in small functions, as required
- By virtue of delegation
- The position requires secondary coverage of the IT Operations Financial Function (MICS) and provides senior leadership oversight of the ITO MI (Management Information) to IT Operations (ITO) management
- The Business Risk Control Executive will work closely in support of the MLWM COO Risk Executive who has direct oversight for the GWIM Governance and Controls team and represent GWIM
Qualifications for business risk control management
- Degree in audit, accounting or other control-related qualifications would be an advantage
- Business units – ensuring controls are in place and adequately protect the business
- Direct experience with internal control program development and testing – both from a Design Operating effectiveness perspective
- Working knowledge of US Banking Regulatory requirements (Regs
- Prior knowledge and experience for the reserving of assets a plus
- External or internal audit experience preferred
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Business Risk Control Management Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of business risk control management. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for business risk control management
- Collect, compile, analyze data and information following established procedures and deliver complete and accurate reporting products
- Supervise and provide leadership to business continuity planning, real estate, third party governance, privacy and procedure teams
- In conjunction with the Executive, this role will need to identify risks to which the firm is exposed, implements measures to prevent, eliminate or mitigate losses, and monitors outcomes / risk levels for various business lines
- Additional responsibility includes limiting exposures due to risks such as those resulting from human error, unsupervised trading, and transaction processing failure, monitoring weaknesses, threats to information systems, data integrity and fraudulent activities
- This person will undertake assessments of business unit exposures, identifying risks, evaluating their potential impact and reviewing the strengths and weaknesses of the organization's existing controls
- Work with other risk functions to develop and implement controls that mitigate operational risks
- Support the overall EI&R risk management functions includes providing support to EI&R risk leads
- Partner effectively and build relationships with teammates from across EI&R LOB support partners
- Coordinate information from multiple sources, assist in performing analyses
- Prepare documentation for the tracking, monitoring, reporting and escalation of risk related issues to management
Qualifications for business risk control management
- Provide feedback on proposed operational risk policy and likely impacts to Finance
- Provide feedback on proposed SOX policy and whether the changes meet the SOX requirements in the U.S
- Provide advice to Risk Owners and Control Owners regarding operational risk policy dispensations
- Provide guidance to Risk Owners and Control Owners in adhering to the ORMF (Operational Risk Management Framework) and operational risk policies
- Drive an effective operational risk governance forum within Finance and ensure appropriate escalation to Operational Risk governance forums
- Certified Public Accountant (CPA) or Chartered Accountant (CA) preferred
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Business Risk Control Management Job Description
Job Description Example
Our innovative and growing company is hiring for a business risk control management. 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 business risk control management
- Obtain, examine and analyze records from various systems, reports, operating practices, and documentation for compliance with bank policies, regulatory compliance and adherence to appropriate procedures
- Identify, analyze, manage and document business requirements, test cases, and conduct testing for department risk management events
- Validate controls are designed appropriately and operating effectively
- Document and communicate findings to various levels of management in a clear and concise manner
- Create a framework for continuous monitoring and process improvement
- Responsible for providing operational support and project leadership including the analysis and execution of assigned projects
- Support in control Execution (1st Line of Defense)
- Provide general Business Management support to Risk group heads and senior risk managers including delivery of strategic business initiatives, priorities and ad-hoc projects
- Provide and support management reporting/communications, input to governance, develop effective business continuity plans, and coordinate real estate requirements
- Provide input into the budget process, monitor expenses and support the development of business reviews
Qualifications for business risk control management
- As a Global business, US HOST Operations is required to undertake responsibilities for the effective implementation of the Group’s Operational Risk Framework
- Systems or a related field
- Extensive experience with the requirements Section 404 of the Sarbanes-Oxley Act
- At least 5 years of demonstrated management experience of a moderate to large sized team of people
- Strong verbal and written communication skills that promote and enable openness with staff, management, internal partners, and external parties
- Demonstrated understanding of operational risk and experience in the management of risk (secondary to SOX knowledge)