Enterprise Risk Management Job Description
Enterprise risk management
provides leadership direction on reaching compliance with program risk management requirements and the continuous improvement of risk management policies, processes and procedures.
Enterprise Risk Management Duties & Responsibilities
To write an effective enterprise risk management job description, begin by listing detailed duties, responsibilities and expectations. We have included enterprise risk management job description templates that you can modify and use.
Sample responsibilities for this position include:
Partner with leaders in Operational Risk, Compliance Risk, Credit Risk, Information Security, the Strategic Planning Office, and business areas to improve effectiveness and efficiency of risk management activities
Develop and implement additional value-added enterprise risk management initiatives that support the Bank’s overall risk management objectives
Provide oversight and advice on the compliance with the ERM Framework
Develop the conceptual approach and implement a strategic risk management framework
Collaborate with stakeholders to more fully develop and articulate the company’s risk management framework including clarifying roles and responsibilities of three lines of defense and developing and implementing an approach to manage risk within the company’s risk tolerance
Supports the department on preparation for any Enterprise Risk Management related examinations conducted by external parties such as regulatory agencies any potential internal audit
Supporting the Head of ERM with the implementation of the Enterprise Risk Management (ERM) Framework in order to establish an effective risk based system to identify, measure, monitor, and control enterprise-wide risks
Implementation and maintenance of a risk control self-assessment system for enterprise risk management
Building, maintaining and enhancing business relations with department and business heads for the smooth implementation of risk management activities across the organization
Define and maintain policies and SOPs for ERM framework components(risk register, RCSAs, issue management, incident management)
Enterprise Risk Management Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Enterprise Risk Management
List any licenses or certifications required by the position: FRM, PRM, CFA, CISA, CPA, CIA, CFE, ISACA, ARM, PRMIA
Education for Enterprise Risk Management
Typically a job would require a certain level of education.
Employers hiring for the enterprise risk management 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, Management, Accounting, Economics, Education, Business/Administration, MBA, Statistics, Mathematics
Skills for Enterprise Risk Management
Desired skills for enterprise risk management include:
Regulations
Processes and Procedures:
Risk Management Policies
Risk management
Compliance
Governance
Information technology
Insurance
COSO
Finance
Desired experience for enterprise risk management includes:
Evolve and Maintain Risk Classification Structure
Lead change management efforts, including training development and methodology communications
Ability to present and communicate to large groups in a professional manner
Proficient use of Microsoft Office, especially PowerPoint
Must be able to manage and support multiple projects simultaneously
Experience with reporting status, milestones, deliverables regarding the project
Enterprise Risk Management Examples
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Enterprise Risk Management Job Description
Job Description Example
Our company is growing rapidly and is looking for an enterprise risk management. 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 enterprise risk management
- Support Model Risk Management team during regulatory examinations and internal audits of model risk management framework and model validaiton activities
- Drive the build out of the stress testing results governance
- In depth knowledge of internal controls SOX, COSO
- Provide support to the Chief Audit Executive, including coordinating the review of key risks and preparing reporting for executive management, Audit & Finance Committee and Board
- Collaborate with Market Risk, Finance, and regulators to monitor and assess the on-going performance of models, identify market data availability and conventions, and review model issues and independent price verification results
- Model review and re-review for valuation and risk models for CVA/FVA, and ensure the model risk management standards are appropriately applied
- Work with Market Risk and Finance-Valuations groups to periodically review and validate model parameter inputs, to identify market data availability and conventions, and to review of technical model issues and independent price verification availability
- Evaluate, document and analyze current state risk management capabilities and provide solutions to enhance risk practices
- Write, contribute to, edit, and deliver presentations that aid in the design, development, refinement, and usage of risk management functions, practices and activities
- Perform independent review and validation of models used throughout the organization for capital stress testing , interest rate risk measurement, compliance and management decision making
Qualifications for enterprise risk management
- MS Office skills - Excel at high level a must
- Good product knowledge in either one product area or good product knowledge across a diverse range of products
- Business Process Management Certification
- Contributes to cost optimization of control frameworks of business divisions through the provision of effective risk exposure analysis in portfolios of high risk and/or complexity
- Bank Regulatory (OCC, Federal Reserve), Risk Management, Internal Audit, and/or Public Accounting/Consulting experience in the Banking/Financial Services industry
- 5+ years of Senior-level Audit experience
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Enterprise Risk Management Job Description
Job Description Example
Our company is looking for an enterprise risk management. 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 enterprise risk management
- Provide subject matter expertise and guidance to businesses regarding compliance requirements
- You will gain exposure to many aspects of the project from understanding the client environment and relationship with the supplier to performing detailed data analysis to understand the areas of supplier non-compliance
- Assist with collection of data that may pertain to a specific market, business or competitive analyses
- Assist with management of project plans (including project timelines, data requirments, specific steps)
- Work closely with cross functional teams on various projects as needed
- Complete and present a summer project to leadership team
- Manage the Global Market Shock for the Trading Book stress testing exercise
- Establish the stress testing process for Available for Sale / Held to Maturity securities
- Assist in the preparation of the FR Y14 Trading schedule and CCAR challenger sessions
- Facilitate risk assessment meetings and workshops with executive and senior management
Qualifications for enterprise risk management
- Solid experience in a related role, such as a model validator, a front office quant, a risk quant, or a quantitative risk manager
- Graduate degree in a quantitative discipline such as physics, math, engineering, computer science, statistics, or financial engineering
- At least 2 years of work experience in mathematical modeling in a similar or related role, such as a model developer or validator, a front office quant, a risk quant, or a risk manager, preferably in a large financial institution
- MS/MBA degree or equivalent 12+ years related experience or 14+ years related experience (finance, technology and information security) if without MS/MBA degree
- Must possess outstanding interpersonal, written, and verbal communications skills
- Minimum 5 years experience as a Senior Business Analyst and/or Project Lead on complex business/technology initiatives
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Enterprise Risk Management Job Description
Job Description Example
Our company is looking for an enterprise risk management. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for enterprise risk management
- Ensure that PHP's risk management policies and strategies are in compliance with applicable regulations, rating agency standards and strategic imperatives of the organization
- Participate on the enterprise risk management committee to coordinate all risk management activities
- Contribute to various other Risk Management activities of Investment Division, including (but not limited to) supporting the Operational Risk Management program and other enterprise-wide ERM initiatives as determined by the Group ERM team
- Promotes the goals of the Enterprise Risk Management department
- Leveraging on internal and external assurance service providers and other functional / subject matter experts, the role is expected to be proactive in driving an adequate and effective risk management system across the Group, covering the strategic, operational, financial catastrophic types of risks
- Drafting and maintaining risk policies relating to risk governance and risk appetite
- Respond to evolving regulatory and organizational change, and develop and support new enterprise risk management functions - keeping you at the pulse of emerging trends and challenges as our company continues to grow and excel
- Assess ERM frameworks of insurance companies
- Provide support in developing organizational strategy and direction for enterprise risk management
- Continue to develop Enterprise Risk Management (ERM) tools and practices to analyze and report on enterprise risks and to manage those risks according to PHP's ERM framework
Qualifications for enterprise risk management
- 7+ years experience related to Operational Risk, in management and execution roles in operations functions and in control functions, eg Internal Audit, Enterprise Risk Management
- Prior experience defining risk management framework and leading implementation and/or change management activities
- Experience with insurance, financial services, or highly regulated industry preferred
- Needs to understand common risk management frameworks and risk assessment approaches as this individual will be seen as a subject matter expert on the framework
- Extensive knowledge of approaches used to measure and manage Operational, Financial, and Strategic Risk approaches to risk governance
- Identify key risks in major projects / product launches and ensure the business mitigates these risks
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Enterprise Risk Management Job Description
Job Description Example
Our innovative and growing company is looking for an enterprise risk management. 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 enterprise risk management
- Hold responsibility for leading and coordinating the annual Own Risk Solvency Assessment (ORSA) compliance and reporting process in line with State requirements
- Further aligns the Internal Audit team, the GSO, Corporate Compliance, GMMC and other relevant functions with the company's risk profile to ensure risks are identified, measured, monitored and reported appropriately
- Designs, manages, and executes the University’s enterprise risk management program to prioritize institutional risks for the Senior Vice President and other University leaders
- Conducts and coordinates risk management workshops throughout the University to identify and score enterprise risks, identify opportunities for creating value, and prioritize risks associated with achieving organizational goals
- Partner with key stakeholders in the lines of business to identify, assess, aggregate and document risks and controls, including risks associated with services, distribution channels, regulations and third party operations
- Establish and implement operating procedures to ensure proper internal controls in areas related to risk management
- Develop foresight capabilities by keeping abreast with trend/ industry events, future developments, key competitors’ move, significant change in relevant countries economic and political policies and regulations
- Proactively coordinates meetings as necessary with clearly set agendas while not becoming an impediment to the team’s productivity
- Seeks to overcome project obstacles by suggesting creative solutions
- Develops detailed deployment plans using predefined templates and leads the team in the execution of them
Qualifications for enterprise risk management
- Roll out risk management across business units periodically
- Produce incident loss analysis/report including root cause analysis
- Monitor remediation programs, ensuring root causes of operational risk issues
- Review and develop risk policies in accordance
- Aggregate information to identify operational control weaknesses
- Promote risk management through training and interactions
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Enterprise Risk Management Job Description
Job Description Example
Our company is hiring for an enterprise risk 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 enterprise risk management
- Providing first-line support to the users of the Enterprise Risk Management (ERM) System
- Facilitate the preparation / update of the risk registers (and relevant risk reports containing risk indicators) which identify and assess the key risks facing the Group’s business and review / monitor the internal controls to mitigate the risks
- Making continual and proactive improvements to the ICAAP and RRP to ensure that these remain fit for purpose and aligned with changing regulatory requirements and expectations
- Take an active part in quarterly meetings with Enterprise Risk Toronto on ICAAP, Recovery Plan and Risk Appetite
- Lead ERM discussions with senior management teams and provide insight to rating committees
- Conduct analytic assessments of risk control processes
- Develop written ERM Level II reports
- Provide technical input into the development and ongoing maintenance of ERM criteria
- Publish research on the subject of ERM or related areas
- Contribute to the development of appropriate risk policies, risk appetites, reporting and overall risk framework for the aggregate WAM Business and as required for the overall Investment Division
Qualifications for enterprise risk management
- Ability to understand operational and compliance risks inherent or emerging risks in a business area, to assess the level of risk, and to develop and execute plans to mitigate risk
- Have a record of delivery of IT process improvement projects with technology processes and/or major tech companies
- 3+ years change management, communications, and/or project management
- Experience in scaled program management (PMO or Agency Delivery)
- Experience with client communications and client management
- Deep knowledge of change management and communications methodologies, has owned change management for global projects