Risk Advisor Job Description
Risk advisor
provides guidance to senior management, legal, field operations and division management on risk management and insurance related matters.
Risk Advisor Duties & Responsibilities
To write an effective risk advisor job description, begin by listing detailed duties, responsibilities and expectations. We have included risk advisor job description templates that you can modify and use.
Sample responsibilities for this position include:
Ensure all risk management tools are updated to reflect the current risk inventory and testing results
Represent Enterprise Operations & Payments on committees and teams as assigned – eg
Perform enhanced due diligence on higher risk clients to identify risk exposures, trends and potential suspicious activity
Comply with corporate initiatives, such as the New Initiatives Process (NIC), Management Self Identification of Audit Issues, Management Control Awareness & Responsiveness (MCAR), Operational Risk and Control Self Assessment
Lead all phases of complex projects, including the development of risk-focused planning, and actively involved in fieldwork
Prepare well-written reports that are cleared within report issuance guidelines, and effectively communicate throughout the project lifecycle
Identify and seize opportunities to grow skills, talents, and knowledge about audit planning, reporting, and the products and functions he or she audits
Creates proactive governance practices with dashboards and identification of Key Risk Indicators
Ensure strategic alignment of the group’s services to overarching GTI Risk Management strategies
Provides advisory support to the development and ongoing maintenance of proactive and effective controls in the GDCO infrastructure to mitigate risks to an acceptable level
Risk Advisor Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Risk Advisor
List any licenses or certifications required by the position: CISA, CISSP, CIA, CRCM, CCSA, NBE, CISM, CPA, ARM, OT
Education for Risk Advisor
Typically a job would require a certain level of education.
Employers hiring for the risk advisor 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, Education, Engineering, Accounting, Computer Science, Economics, Military, Mathematics
Skills for Risk Advisor
Desired skills for risk advisor include:
ITIL
Tools
Service management and quality management practices
Healthcare insurance industry
Banking
Areas of operational risk as appropriate for job responsibilities
Branch operations
CRA/HMDA
Lending operations
Ability to create
Desired experience for risk advisor includes:
Credit card risk or fraud management, collections and recovery experience
Previous credit scoring experience
Working knowledge of credit-related regulations (Reg Z, Reg B, CARD Act, US PATRIOT Act, FDCPA)
Provides support to the integration of manual infrastructure services to use GTI RM automated solutions to increase efficiencies
Creates and assesses effectiveness of risk awareness training for all levels of staff in GDCO
Participate in Internal/External Audits as the Lead Risk representative
Risk Advisor Examples
1
Risk Advisor Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of risk advisor. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk advisor
- Coordinate the automation of TSS Compliance reporting
- Coordinate the automation of global software inventory (including patch status and non-compliance notification)
- Responsible for coordination of all BCP activities for GDCO
- Provides support to the development and ongoing maintenance of proactive and effective controls in the GDCO environment to mitigate risks to an acceptable level, ensuring solutions are designed to meet the requirements of the sponsoring business unit
- Provides support of security incidents of a complex and challenging nature, with appropriate senior management/executive escalation points (business and functional) depending on the nature of the incident
- Provides advisory services in support of the Risk and Controls Framework across GDCO
- Builds a continuous monitoring program for the GDCO organization which aligns with the Rick and Control Framework
- Participates in the identification and monitoring of Key Risk indicators for GDCO
- Measure, monitor and report risk exposures based on non-compliant items in the GDCO sphere of influence
- Lead Security Risk Assessment initiatives for GDCO
Qualifications for risk advisor
- Awareness of external environment (economic, industry, country, ) and potential impacts on KBC Bank Ireland's risk profile when taken in conjunction with the Bank's current risk profile
- Identify operational risks and internal controls through the completion and/or evaluation of applicable line of business risk assessments, key risk indicators, projects, business continuity plans, operational loss events, processes, policies and procedures
- Develop control test plans and perform testing of key controls to ensure critical operational risks are mitigated and to ensure compliance with identified laws and regulations
- Work with business unit management to create, monitor and update action plans from testing results
- Prepare documentation and/or presentations that will be presented in Senior Management meetings
- Lead and/or support process discovery initiatives in order to analyze operating policies and procedures
2
Risk Advisor Job Description
Job Description Example
Our company is growing rapidly and is looking for a risk advisor. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk advisor
- Assist with preparation of documentation/meeting packages that will that be presented in the monthly/quarterly Senior Management meetings
- Develop risk mitigation strategies specific to risks incurred both by the nature of the story its environment
- Continuously identify, monitor and review regulatory compliance issues related to Physical Security, Risk Management and the Facility Threat Risk Assessment process
- Support the execution, development and enhancement of the global Facility Threat Risk Assessment program designed to prevent identify weaknesses and reduce risk to the organization
- Provide rotational “on call” emergency and security incident support 24X7
- Develop and produce monthly, quarterly and annual departmental reports, metrics and scorecards designed to identify risk, trends and monitor the status of risk and protection programs
- Responsible for the risk analysis, risk monitoring and risk reporting for North Americal power
- ETRM (Openlink) superuser for the electricity module
- Ensure timely and accurate daily/weekly risk reporting
- Perform stress testing and complex scenario analysis to support risk metrics and requests from front office
Qualifications for risk advisor
- BS, BA or BBA Degree preferred
- Professional privacy or security qualifications such as CIPP and/or CISSP preferred
- Advanced statistical skills of handling and processing large data sets with S+, Matlab
- Initiate, coordinate, manage and deliver the insurance program renewal processes
- Facilitate communications with external service providers and business segment stakeholders
- Support claims management strategies and facilitate the insurance claim handling processes of the business segments, including providing required assistance on claims reporting, ensuring receipt/review of documentation, ensuring receipt of payment, evaluation and recommendation on loss reduction techniques such as salvage and subrogation
3
Risk Advisor Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of risk advisor. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk advisor
- Assist with risk control projects to enhance analytics, reporting, and system integration
- Lead specific system integration and implementation efforts to enhance processes and risk reporting
- Backup coverage for other risk control analysts and advisors
- Participate in updating policies and guidelines related to model validation
- Contribute to annual self-assessment exercises required by OSFI
- Participate in committees or special projects requiring a high level of expertise
- Act as the Engineering Division’s single point of contact for collection of data and communication with external audit, compliance and regulatory groups
- Act as Engineering Division’s single point of contact for collection of data and communication with Internal Audit group
- Responsible for the credit policy and risk models - suggesting creative and innovative strategies for all customer types
- Minimise financial risk to the business by assessing and advising on creditworthiness of prospective and existing customers
Qualifications for risk advisor
- Minimum 3 years' experience in data analytics or predication
- Experience monitoring key issues and risks related mitigation efforts associated with projects as assigned
- As a subject matter expert, train internal stakeholders and other members of the risk management team
- Verify the accuracy of insurance program documentation (binders, policies and documentation)
- Execute the premium allocation process
- Monitor and follow up on premium collection, be available to respond to internal and external audit queries
4
Risk Advisor Job Description
Job Description Example
Our company is looking for a risk advisor. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk advisor
- Researches and identifies alternatives to existing processes which drive either heightened controls or simplification
- Cultivates, develops and maintains strong business partnerships at senior leadership level
- Strong knowledge of risk identification, root cause analysis, developing solutions and recommendations
- Thorough understanding of DFS business priorities, strategy, and direction and management of business partner needs and expectations
- Make appropriate efforts to remain informed about regulatory risks in assigned area of expertise (i.e., Lending, Deposits, Fair Lending/CRA, Vendor Management, DR/BCP)
- Maintain a formal process for identifying, reporting and implementing new regulations or changes to existing regulations within specific areas of responsibility
- Strong customer centric focus and it would be advantageous to have life and health insurance knowledge and other relevant legislation
- Strong communication skills to enable you to provide a high level of service to clients
- A proactive approach to all aspects of account management & negotiation skills
- Sharp judgement and excellent attention to detail and numerical accuracy
Qualifications for risk advisor
- Foster dialogue and communication within the business segments and provide quick and precise responses to queries, projects and deliverables
- Implement and maintain OSC/SOX compliance standards and follow through on audit improvements
- Staying up to date on insurance market trends and products
- Supporting management in the coordination, monitoring and implementation of various risk management projects and management reports
- When required, supporting the team in the review of contract clauses relative to the indemnity and insurance language for supply, sale, service and procurement agreements
- Systematically delivering and integrating the Achieving Excellence System (AES) to meet the team’s strategic objectives
5
Risk Advisor Job Description
Job Description Example
Our company is looking for a risk advisor. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk advisor
- Have experience in risk management, compliance programs or assurance based activities
- Be keen to hit the ground running
- Sharp judgement and excellent attention to detail
- Support the Director with the analysis and strategic review of the global insurance programs
- Manage and promote loss control activities and be responsible for implementing and coordinating loss prevention strategies
- Lead the placement and renewal of secondary lines of insurance ad hoc placements as they become necessary
- Manage claims covered under several lines of insurance
- Support the Director in identifying and evaluating risks to the company
- Review policy wordings to ensure coverage reflects the intent
- Review contractual agreements to evaluate risks and provide recommendations for insurance terms and conditions that best protect the company
Qualifications for risk advisor
- Knowledge of various programming languages (e.g., C, C++, Java, Cobol) and Databases
- Partners with Regulatory Compliance and Legal team to obtain regulatory clarifications and interpretations of the law
- Bachelors Degree in Business, Accounting, Finance or related area/or equivalent experience
- Possess a Degree in Business Administration, Finance, Accounting or equivalent
- Have a minimum of 5-10 years of experience in the insurance industry with a broker or insurer responsible for large accounts and/or equivalent experience in risk management and insurance within a large multinational corporation
- Are analytical, organized, rigorous, highly detail-oriented and strive to produce quality results