Risk Assessment Job Description
Risk Assessment Duties & Responsibilities
To write an effective risk assessment job description, begin by listing detailed duties, responsibilities and expectations. We have included risk assessment job description templates that you can modify and use.
Sample responsibilities for this position include:
Risk Assessment Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Risk Assessment
List any licenses or certifications required by the position: CISSP, CISA, ACAMS, CISM, IAPP, ISACA, ISO, NIST, CRISC, CAMS
Education for Risk Assessment
Typically a job would require a certain level of education.
Employers hiring for the risk assessment 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, Computer Science, Education, Engineering, Accounting, Management, Information Systems, Graduate, MBA
Skills for Risk Assessment
Desired skills for risk assessment include:
Desired experience for risk assessment includes:
Risk Assessment Examples
Risk Assessment Job Description
- Establishing and maintaining the ORSA framework
- Guiding and directing risk and solvency assessment activities for the specific insurance businesses
- Identifying gaps existing in the risk management arrangements against ORSA requirements
- Preparation of the ORSA report
- Communication of ORSA results
- Work closely with audit teams for consistent implementation of audit risk assessment framework
- Coordinate development of the annual audit plan, evaluate the plan, enhance analytical reporting of the plan, and produce presentation of the plan to the Audit Committee
- Initiate auditable universe reviews and updates
- Gather and review relevant information from other SunTrust corporate functions, external auditors, consultants, peers, and external publications/events for potential implications to the audit risk assessment, audit strategy, and audit plan
- Communicate risk and control issue themes to SAS teammates for timely incorporation into audit risk assessments, audit strategy and audit plan
- Four or more years in consumer protection, legal, regulatory bank compliance, consumer non-lending areas and/or product management, or consumer banking audit
- Regulatory compliance representative with experience performing consumer compliance functions
- Experience with large Local Area Networks, Wide Area Networks, vulnerability management, Security Technical Implementation Guides (STIG) compliance and must be familiar with Incident Response, Security Analysis, and Nessus
- Familiarity of regulatory and corporate requirements such as SOX and SSAE16, MAS
- Understand Business Impact Analysis (BIA), Business Continuity Plans (BCP) and Technology Recovery Plans (TRP)
- Provide advisory support on audit & regulatory, business continuity, threat & vulnerability management issues and risk and control projects
Risk Assessment Job Description
- Payment processes and account maintenance
- Supporting the development and provides training for the Risk Management processes to global teams
- Serve as a risk management expert providing meaningful input to ensure risk drivers are appropriately considered, assessed, and prioritized
- Evaluate the appropriateness of the audit response to changes in risk ratings
- Maintain strong knowledge of and stay current on trends and events in financial services industry
- Identify and implement continuous improvement initiatives for the audit risk assessment framework and methodology, including audit universe, audit strategy, and audit plan
- Align behavior and actions of self and others with SunTrust guiding principles
- Oversee the operation of a framework in close coordination with the global functional team, regional stakeholders
- Engage with stakeholders within and outside of compliance to explore avenues to enrich the CRAR process, user experience and utility
- Coordinate the training and launch of annual risk assessments, Quality Assurance over responses and drive completion within prescribed timelines
- Expertise in the risk & controls testing including risk identification, control evaluation, testing, sampling methodologies, technology controls, audit engagement process, controls substantiation
- Excellent issue and action plan creation and management
- 10+ financial services industry experience with specific project management experience
- AML and Sanctions Compliance and Risk Assessment experience is beneficial
- Proven ability to build strong partnerships with colleagues, desire to learn quickly, be flexible an think strategically
- Strong strategic management and communication skills, strong management experience required
Risk Assessment Job Description
- Gain a detailed knowledge of the enterprise customer base, products, services, transactions, geographies, business initiatives, processes, strategies and associated controls
- Provide analysis of the firm’s current Capital Markets transactional business in cash and derivatives (rates, fx, commodity and equities)
- Identify the strengths and weaknesses of the current business strategy
- Assess the firm’s ability to execute that strategy
- Assess the risks involved in that strategy
- Provide valuable insights on moving the division forward
- Proximity Risk analysis, completeness and execution based on content provided in the Proximity Risk Assessments and associated results
- Concentration Risk analysis, completeness and execution based on content provided in the Concentration Risk Assessments and associated results
- Single Point of Failure (SPOF) analysis, completeness and execution based on content provided in the SPOF assessments and associated testing results
- Share observations identified from assessments / reviews with responsible parties
- Demonstrated ability to effectively manage stakeholders
- Demonstrated ability to obtain results through influence
- Demonstrated drive
- High degree of knowledge of financial markets and credit operations
- Demonstrated understanding of financial industry risks
- Experience of building and managing a team and relationships with senior stakeholders, ability to influence senior stakeholders and colleagues
Risk Assessment Job Description
- Evaluates issues/risks and makes recommendations based on analysis
- Implements EBCM best practices as they apply to business resiliency risk assessments
- Ensures compliance with industry standards and regulatory requirements
- Develops risk assessment evaluation criteria and executes vendor reviews
- Third party agencies’ various business functions including assessing business process controls, structure and system controls
- Areas of risk in connection with debt collection and communications
- Vendor information sharing and privacy policy and practices
- Consumer complaints, patterns and data to identify areas of improvement
- Prepares objective analysis and recommendations concerning findings
- Writes reports containing findings and recommendations for client review
- Associateship designation (or equivalent) from an actuarial organization
- 7 years of relevant insurance/actuarial experience
- Minimum 10 years working experience with Tier 1 financial institutions, including regulatory compliance experience
- Honours Degree, preferably in Finance, Law, Economics or equivalent
- Above average appreciation of the objectives and operation of risk and control frameworks within FIs
- Attention to detail and resourceful in exploring remediation options
Risk Assessment Job Description
- Be responsible for executing the development/ongoing maintenance of Third Party Security Assessment processes and procedures which includes but it not limited to, onboarding, risk profiling, performing assessments, risk identification and communication, remediation and off boarding
- Assists senior staff or management with planning and scheduling fieldwork
- Studies and maintains current knowledge on developments in healthcare, debt collection pr, credit industry, information systems, security concepts and emerging issues
- Leading the facilitation and creating Risk Assessment documents
- Assisting to update and add to Risk Management process SOP’s and Work Procedures
- Collaborating and consulting with internal staff to determine product compliance requirements, related to the Risk Management process
- Contribute to the security strategy of the firm, including planning, execution and controlling responsibilities
- Lead internal and leverage external resources to operate and enhance the firms information security risk assessment program
- Performance manager for a team of employees, some of which are performance managers
- Develop and administer budget for projects and operational activities
- Experience authoring business requirements documentation and other general SDLC knowledge from the business perspective
- Strong academic record with minimum Bachelor’s degree in Finance, Accounting or a related discipline
- Fully qualified accountant or working towards qualification
- Experience of preparing and presenting risk reports
- Analysis and identification of risk trends in order to work out risk mitigation strategies
- Financial product knowledge across business areas