Risk Senior Manager Job Description
Risk Senior Manager Duties & Responsibilities
To write an effective risk senior manager job description, begin by listing detailed duties, responsibilities and expectations. We have included risk senior manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Risk Senior Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Risk Senior Manager
List any licenses or certifications required by the position: CISA, CISSP, CISM, PMP, CRISC, CPA, AWS, FPX, DMZ, DNS
Education for Risk Senior Manager
Typically a job would require a certain level of education.
Employers hiring for the risk senior 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 Risk Senior Manager
Desired skills for risk senior manager include:
Desired experience for risk senior manager includes:
Risk Senior Manager Examples
Risk Senior Manager Job Description
- Oversee the development of analytical methods and models that assess the market, actuarial and operational risk of new and existing financial products
- May work in product development, ALM or Modeling Support areas and will participate in the research, design and implementation of new financial products or in the development of trading or hedging strategies general quantitative modeling thought leadership
- Oversees the development of various analytic models including sensitivity analyses, stress tests, value-at-risk, scenario testing and Monte Carlo simulations in both a Risk-Neutral and Real-World framework
- Risk assessment, which involves analysing risks identifying, describing and estimating the risks affecting clients
- Risk evaluation, which involves comparing estimated risks such as costs, legal requirements and environmental factors, and evaluating the organisation's previous handling of risks
- Risk reporting for the client
- Corporate governance involving external risk reporting
- Contribute as member of due diligence team for acquisitions
- Driving data quality, information integrity, and MIS initiatives that support the enhancement of Third Party data capabilities
- Actively managing 3rd Party match and other record discrepancies to improve quality of information/content exchange
- CISM - Valuable
- Experience in developing and implementing a comprehensive Risk Management programs
- Experience in working with Enterprise Risk Management and Operational Risk Management
- Deep knowledge of IT policies, standards, and technology risk disciplines and practices
- Ability to articulate risk management concepts and deliverables
- Ability to influence reporting tooling requirements
Risk Senior Manager Job Description
- Ensure awareness of incoming regulatory inquires and requests through effective communication to relevant stakeholders across the first, second and third lines of defense
- Review, analyze and organize incoming regulatory inquiries into response categories and related sub-tasks for which responses can be developed by engaged LOB, Compliance and Legal subject matter experts
- Track the ongoing development of exam responses to ensure timely delivery timeframes to examiners
- Integrate and aggregate exam responses into a cohesive, well thought and accurate representation of company policies, procedures, products and practices
- Oversee and coordinate interactions between LOB, Compliance, Legal and Regulatory supervisory staff
- Coordinate exam on-site activities (meetings, document requests, matrix management, access management, daily calls, issue resolution)
- Assist LOBs and staff groups with the review of policies, procedures & governance structures
- Identify potential areas of regulatory focus and advise on potential risk and corrective actions
- Monitor corrective actions and ensure that they are on-track for appropriate and timely mitigation
- Independently validating individual models, machine learning algorithms, and other modeling techniques / tools, which include evaluating conceptual soundness, performance validation, and on-going monitoring
- Comfortable with SQL and MS Office
- Experience in R, Python, or XENO is a plus
- Organization – ability to maintain accurate and detailed records, files
- Ability to drive to or fly to various meetings/clients sites – limited overnight
- Advanced degree, , JD, MBA, Information Systems
- Experience working effectively both independently in a team environment
Risk Senior Manager Job Description
- Data capture and reporting
- Policy compliancy and mandatory training oversight
- Advise business functions – Partner with leaders of audited departments to communicate findings, determine remediation plans, and to follow up on progress to complete action items
- Enterprise risk assessment – Be an advisor to the Board on enterprise risks
- Risk management – Develop and maintain the risk management strategy across the enterprise and the functional departments
- Business continuity – ensure that robust and current plans exist to ensure business continuity under a variety of business interruption scenarios
- Crisis management – Lead the crisis management efforts of the company, including plans and playbooks to be implemented in the event of a crisis
- Serve as an officer on the company’s captive insurance company
- Manage the purchase of insurance programs, management of claims activities, and management of relationships with third party service providers including brokers, insurers and other TPAs
- Develop associates to ensure technical development and improvements in competencies
- Demonstrated strategic thinking and advanced analytical skills
- Waterfall and Agile experience, preferably to the level of playing a leadership role
- Demonstrated skills in developing and implementing Governance structures
- Consistent team player and champion of EPMO and TDBG
- High degree of organizational awareness
- Seven+ years claims management experience
Risk Senior Manager Job Description
- Maintain Risk Registers for the Project
- Produce Monthly risk input to reporting, including OPR
- Responsible for personal workload and ensuring all deadlines are met
- Responsible for undertaking other duties as required by line and task management
- Support origination and sales efforts for finance transformation opportunities in Banking, Capital Markets, or Insurance
- Deliver Finance transformation programs for both business and technology initiatives
- Establish thought leadership in finance transformation and technology such as big data & analytics, robotics, etc
- Serve as a primary liaison for Business stakeholders and SMEs, including executive stakeholders
- Develops and executes a strategic plan for the TPRMO in alignment with organizational goals, enterprise-wide risk objectives and audit requirements
- Manage workflow and ensure quality of due diligence assessments performed by the TPRMO
- Experience in developing, monitoring, and reporting programmatic risk
- Experience working with company and other competitor or off the shelf products and offerings
- Excellent knowledge of the Financial Services sector, with a thorough understanding of the Society’s overall business and strategy
- Detailed understanding of governance, risk management principles and methodologies, coupled with practical experience of implementing risk and control management processes
- Experience of acting as a trusted advisor at Senior Leadership Team level, able to constructively challenge and influence stakeholders at varying levels both individually and collectively in decision forums
- Experience of continuously improving the effectiveness and efficiency of risk management and control, ensuring that risk management activities and reporting add value to the business
Risk Senior Manager Job Description
- Assist in training Relationship Managers and/or analysts in the use of various bank financial methods and tools
- Assist with managing and directing legal issues related to credit & collections such as bankruptcies, liquidations, work-outs, Participates on Official Creditors Committees as necessary, attends depositions, hearings
- Assisting in managing and overseeing all phases of the audit process
- Preparing process narratives and walk-throughs, updating process and controls documentation testing of controls
- Assisting in the preparation of the SSAE 16 report process including risk-based scoping and coverage analysis
- Identifying and researching significant accounting, auditing and internal control issues during an audit and proposing alternatives or solutions to reach an acceptable resolution
- Partnering with management to identify and remediate internal control weaknesses and process inefficiencies identified through audit fieldwork
- Assisting with developing financial risk management tools and practices to analyze and report on financial market risks manage risks in accordance with the financial risk management framework and relevant policies
- Assisting in the oversight of financial risk management activities of the organization
- Developing and maintaining an effective end to end risk management program including control effectiveness measures for complex segments of the business/capability groups and client and industry infrastructure
- Experience in identifying sales leads and opportunities resulting in revenue growth
- Professional certification is an advantage (PMP, SSBB, COPC)
- At least 3 years of Risk experience or 3 years of Operational Risk Management experience or 3 years of Product Management Experience
- A Master’s Degree in Business Administration or a Master’s Degree in Finance
- At least 6 years of experience in Risk Management, at least 6 years of experience in Compliance, at least 6 years of experience in Audit, or at least 6 years of experience in Finance
- At least 3 years of experience in dealing with digital initiatives or environment and technology processes, at least 3 years of experience in dealing with banking regulations, at least 3 years of experience in dealing with product development, or at least 3 years of experience in dealing with control testing