Senior Risk Specialist Job Description
Senior Risk Specialist Duties & Responsibilities
To write an effective senior risk specialist job description, begin by listing detailed duties, responsibilities and expectations. We have included senior risk specialist job description templates that you can modify and use.
Sample responsibilities for this position include:
Senior Risk Specialist Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Senior Risk Specialist
List any licenses or certifications required by the position: CISSP, CISA, CISM, CAMS, PMP, CFPS, CCSK, HRM, CPHRM, CRISC
Education for Senior Risk Specialist
Typically a job would require a certain level of education.
Employers hiring for the senior risk specialist 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, Economics, Engineering, Computer Science, Accounting, Education, Business/Administration, Statistics, Mathematics
Skills for Senior Risk Specialist
Desired skills for senior risk specialist include:
Desired experience for senior risk specialist includes:
Senior Risk Specialist Examples
Senior Risk Specialist Job Description
- Provides knowledge to TS Client Advocates or Producers about markets and products as they relate to classes of business
- Assists TS Client Advocate or Producer in client meetings as requested with respects to renewal marketing
- Obtains updated renewal information from TS client, Client Advocate or Producer
- Prepares submission/coverage specifications and submits proposals to carriers for quotes
- Prepares quote proposals to present to client
- Communicates with TS Client Advocate or Production Team regarding program improvements and recommendations
- Assists as technical resource for younger placement brokers
- In addition to the responsibilities of an I2 Customer Service Representative a Sr
- Provide advisory assistance to risk owners as they work to implement security controls to remediate discovered deficiencies
- Review, challenge and validate risk mitigation information provided by risk owners
- Experience in developing, implementing or presenting risk solutions (including Counterparty credit risk) risk rating and measurements systems, economic capital, ICAAP, stress testing to commercial b
- Incumbent must be a quick learner adapting to changing business and a motivated self-starter as there is continuous pressure to meet deadlines
- Work with the Brand product colleagues to ensure new vehicles are designed to maximize residual values
- Assist the GM as needed in lease portfolio securitization offerings to the capital markets
- Leadership and execution of the insurance renewal process
- ARM designation
Senior Risk Specialist Job Description
- Timely communicate risk mitigation/acceptance due dates to the relevant stakeholders
- Support stakeholders in understanding risks and defining adequate mitigation actions
- Timely escalate past-due risk mitigation actions and risk acceptances
- Maintain the risk database, including ensuring the required high standard of data contained therein is established and maintained
- See how things can be done rather than why they can’t be done
- Communicate clearly with teams in multiple diverse locations, ensuring that strategic and tactical deliverables are understood
- Always look for improving the way we get things done
- Independent evaluation of, and opinion on, processes, systems and controls
- Financial process reviews
- System evaluations and controls testing
- The ability to make well-informed and often quick judgments
- The ability to communicate risk management concepts and insurance precepts at all levels (from the back room to the board room) to facilitate understanding of the needs of the team and its impact of the entire organization
- Experience and knowledge of the organization’s global supply lines, to ascertain the risk involved in the movement of products (new cars) and components (parts), and to protect these assets in transit against losses during transport
- Expertise in and understanding of transportation contracts, the knowledge of logistics to determine the acceptable amount of risk to be placed on the transporter, the acceptable amount of coverage to protect against a maximum (catastrophic) financial loss, such as a shipwreck, flood
- Strong skills and experience in casualty, which includes automobile liability, workers compensation coverage, commercial general liability coverage, Directors and Officers (D&O) coverage, and other minor coverage for the protection of risk as determined by the risk team’s analysis of the overall operations of the group (cyber-liability, crime, fiduciary, business travel insurance) deemed necessary to protect the company from financial loss
- Possess the knowledge and understanding of insurance financial responsibility requirements of the 51 jurisdictions in the USA, the national and local coverage requirements for Canada
Senior Risk Specialist Job Description
- Coordinate work between multiple areas to include leveraging/influencing business partners to drive results
- Complete risk event management and recovery process documentation while adhering to Risk Event and Issue Management Standards
- Initiate and execute process improvements
- Actively participate in team oriented efforts across the Business Risk Office
- Manage the Risk and Control Self-Assessment process (RCSA) for the Horizontal Risk Governance Group
- Provide guidance and lead the Line of Business (LOB) Business Risk Offices and business partners throughout the RCSA process
- Identify and assess risk and provide appropriate documentation of such risks
- Drive execution of RCSA and risk identification efforts by leveraging horizontal support functions and business partners
- Lead other associates, when necessary, and ensure best practices are executed by the team
- Close any gaps in controls and correcting control deficiencies and issues in a timely manner to help maintain a secure and compliant operating environment
- Must have obtained insurance brokers license within 60 days of employment
- Knowledge and experience in human resources and payroll management as it relates to workers compensation insurance pricing for budgeting purposes
- Must possess the necessary skills to execute bonds for various purposes, such as licensing and customs requirements, supersedes, replevin and appeal bonds in tort and product liability cases, financing securitization, construction (bid bonds and pay/performance bonds), and to place bonds as needed for all associated and subsidiary entities, including all brands and foreign entities as required
- 8-10 years' experience in the area of IT risk and technology in a large organization of which 5 years in information security
- Big data, data security and data treatment knowledge and experience
- Display an understanding of the risk management in its relation to the real world by expressing complex subject matter in terms accessible to a wider public and senior management, both verbally and in writing
Senior Risk Specialist Job Description
- Authorizes use of specialized mitigation services
- Hydraulic modelling of river, sewer or coastal processes
- Detailed transactions analysis & structuring (incl
- Provide professional advice and assistance to Relationship Managers for credit related matters and products
- Defining and detailing business requirements for CRM related projects acting as a subject matter expert
- Liaising with head office’s Risk division IT and Risk division change management overall project management
- Coordinate with all relevant stakeholders within the book of work for projects related to CRM
- Close collaboration with local CRM Head, local Authorized Management (CRO, CFO, COO), CRM functional management in Zurich and Risk division change management/IT
- University degree or equivalent, ideally in Economics or Finance
- Sound understanding of financial markets and products (all asset classes incl
- Degree level in relevant subject – Treasury, Business Management, Finance, Accounting, Data Science, or Mathematics
- Bachelor’s degree or equivalent University degree is required
- Clinical trials experience required
- Team lead experience or functional management experience is required
- Ability to operate and proactively use various systems and databases (CTMS, Rave, QRM Dashboard, Spotfire, ) to analyze trial quality/performance and compliance and pick up trends and early warning signals is required
- Ability to identify risk and trends required
Senior Risk Specialist Job Description
- Broad knowledge of the EU regulatory framework (CRD IV, EMIR, Mortgage Credit Directive, UCITS/AIFMD, AnaCredit)
- Strong communication and negotiation skills, ability to summarize complex matters in concise memos and to deal with a large variety of stakeholders incl
- Independent and detail oriented work style
- Evaluates and authorizes requests for settlement and reserve authority
- Be a trusted advisor and risk partner to key IT clients up to MD level
- Take the lead for global and local capital risk modelling projects the Internal Model Approval and Enhancement projects with regulators (SST, Solvency II)
- Reviews and analyzes patient medical records in providers’ offices or remotely
- Assists internal and external departments with billing and coding questions risk adjustment related questions
- Communicate proactively with internal and external stakeholders regarding claim experience, results, and trends
- Claim presentations, both written and oral, will be required on a regular basis to bring management up to speed, obtain authority and/or formulate appropriate action plans on difficult claims
- Working knowledge of risk management best practices and design of risk financing programs
- Legal principles pertaining to liability, negligence, contract structure / content, and how insurance programs can be constructed to respond
- Knowledge of risk management information system applications that provide means to measure and evaluate total cost of risk, corporate dynamics, and key risk exposures
- Self starter capable of taking initiative without prompting
- Ability to analyze a constant flow of information and develop effective strategies to meet deliverable timeframes
- Ability to summarize, simplify, and communicate a myriad of factors