Risk Specialist Job Description
Risk Specialist Duties & Responsibilities
To write an effective risk specialist job description, begin by listing detailed duties, responsibilities and expectations. We have included risk specialist job description templates that you can modify and use.
Sample responsibilities for this position include:
Risk Specialist Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Risk Specialist
List any licenses or certifications required by the position: CAMS, CISA, SOX, ARM, SOC, ISAE3402, ISO, DSS, PCI, IRM
Education for Risk Specialist
Typically a job would require a certain level of education.
Employers hiring for the risk specialist job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Education, Business, Economics, Statistics, Engineering, Management, Accounting, Mathematics, Graduate
Skills for Risk Specialist
Desired skills for risk specialist include:
Desired experience for risk specialist includes:
Risk Specialist Examples
Risk Specialist Job Description
- Monitor data accuracy in risk system of record and serve as a general SME on use of the system
- Participate in the preparation of risk management reporting for assigned business area
- Analyze data from multiple sources to aid in the assessment of risk for assigned business areas
- Periodically perform independent reviews of assigned Global Finance activities for compliance with control performance standards and applicable policy and regulatory requirements against a set of defined qualitative/quantitative metrics
- Engage with subject matter experts in enterprise risk programs, Compliance, the Business, and Legal as needed to assess adherence to requirements as necessary
- Ensure any assigned business area is aware of, and meets, enterprise wide program requirements and timelines
- Obtain and maintain a level of expertise in assigned enterprise wide program framework, requirements, and deliverables and its application to Global Finance
- Act as the Business Risk Office lead in preparation for upcoming audits, exams and investor reviews
- Strong communication and Project Management skills are required to act as the liaison between internal audit and the leadership teams within the lines of business
- Act as the Business Risk Office lead for remediation of findings resulting from audits, exams and investor reviews
- Ability to work successfully without direct supervision
- Professional business presence and effective presentation skills
- At least 3 years’ experience in the Compliance field or Audit field or Risk Management field or Legal field
- 5+ years’ experience in the Compliance field or Audit field or Risk Management field or Legal field
- 1 year of Financial Services Risk Management Experience
- Coordinate testing where applicable to validate sustained performance in targeted risk areas
Risk Specialist Job Description
- Able to understand business processes, and provide input for business solutions
- Contributing to production of the operational risk dashboards and reports to support senior leadership team, developing and enhancing the compliance risk and control self-assessment (RCSA) process
- Consistently assessing and communicating project status from a timeliness and quality perspective
- Tracking and reporting project metrics
- Ensuring appropriate escalation and communication of issues and delays
- Providing recommendations and assistance in the creation of processes / procedures to streamline tasks and provide supporting analysis
- Providing data and creates presentations for diverse audiences
- Participating in and presenting at related meetings
- Driving engagement and participation across multiple teams, working groups, and committees to fulfill responsibilities and resolve issues
- Facilitate and validate month end Key Risk Indicators &
- 5 years of operations risk management and orginations experience
- Expertise with full MS Office Suite including Word, Excel, PowerPoint, and Access, Visio, Adobe, SharePoint, and similar applications
- Conducts analyses and provides information to Senior Management and the Board of Directors to properly manage the Retail Portfolio of the Company, and the Retail Allowance
- Provides information to both internal and external auditors, and external regulators, to ensure their accurate understanding and analysis of the Retail portfolio
- Builds analytical models to help determine the dollar amount to provision for the loan loss reserve
- Provides economic analysis of the national, regional, and local economies
Risk Specialist Job Description
- Conducting deep dives into sizeable data sets to answer key business questions
- Define the strategy in regard to information security governance
- Provides account operational descriptions, safety management system assessment, exposure assessments and overall risk evaluation to Underwriting through formal written reports and ongoing verbal communications
- Provides risk control consultation services to contractor and wrap-up clients that focus on both regulatory requirements and best practice safety/risk management practices
- Identifies areas of improvement for safety and risk management systems and provides formal recommendations to clients as necessary
- Maintains effective partnerships with clients
- Collaborates with management and other employees in developing policies, procedures, service tools, technical resources, techniques and new products in order to support and enhance the delivery of risk control consulting services
- Apply expertise in homeland security, national security, risk, and resilience analyses while managing related programs and projects
- Apply innovative approaches, methodologies, and tools to analyze national-, regional-, and local-level risk and resilience
- Establish and maintain relationships with both current and future sponsors
- Experience with development / maintenance of dashboard reporting
- Ability to manage multiple high visibility projects simultaneously
- Ability to influence across all areas and at all levels of the organization
- Excellent negotiation, communication, and internal customer service skills
- Bachelor’s degree from an accredited University or College with a minimum of 5 years’ relevant work experience
- Minimum 2 years’ financial services experience across Risk Management and/or Finance
Risk Specialist Job Description
- Take incoming workers compensation claims and enter into Third Party Administrators system
- Provide Risk and Safety expertise on transit systems and/or rail systems (passenger/freight)
- Communicate with customers, employees, adjusters, attorneys and other relevant parties
- Provide support in weekly, monthly, quarterly, and annual reports training presentations
- Produce risk reports using a wide variety of proprietary technologies for Major hedge fund clients
- Analyze quantitative results and find potential process improvements
- Perform data entry and first level data validation
- Test new risk technology offerings for quantitative and qualitative assurance
- Frequently communicate with clients and internal stakeholders
- Perform data analysis and modification/cleaning as necessary
- Professional Certification related to Audit, Compliance, or Project Management (CIA, CRMA, CFE, PMP, etc)
- 2 years of experience performing Regulatory Exams and Internal Audits
- 1 year of experience acting as Exam Lead or Auditor In Charge (AIC) on Regulatory Exams or Internal Audits
- 1 year of risk and fraud management experience
- Good knowledge of typical risks inherent in business processes (IT, Sales, Finance)
- 5 years’ experience in risk management and analytics
Risk Specialist Job Description
- Increased penetration of RISK solutions and services into existing accounts
- Partner with multiple cross-functional teams to develop and maintain consistent and accurate content that helps reassure sellers and direct them to provide the right information about their business and transactions
- Manage multiple content projects, dependencies, and timelines at once
- Collaborate with country market teams to localize, and provide content support across multiple locales
- Leverage experiments, seller feedback, feedback from Risk agents, and other data points to improve existing content and team processes
- Is diligent in maintaining current knowledge on industry issues and Financial & Risk’s product solutions
- Support the Functions and projects in identifying the risks they are exposed to, by leading and facilitating risk identification meetings and workshops as appropriate and using a variety of risk identification tools and techniques
- Support the Functions and projects in assessing their risks accurately by using a variety of risk assessment tools and techniques to avoid commonly known assessment bias (conscious factors, subconscious factors and affective factors)
- Provide advice and guidance to the Functions and project managers on the most appropriate risk management (handling) strategies and responses
- Support the elimination of risk information redundancy and lack of coverage
- Data entry changing OBP codes on DDA accounts
- Processing Returned Deposited items and Returned Teller Cashed Checks
- Reviewing overdrawn accounts for the Right of Offset
- Researching Cash Advance disputes
- Working with Access Databases
- Processing Losses and Loss Reviews for all Retail Branches