Risk Senior Manager Job Description
Risk senior manager
provides support to the AVP, Compliance M&T and the CCRO overall in the strategic maintenance of risk-based Regulatory Compliance frameworks, standards, and guidelines, including support to regulatory compliance risk / control assessment activities.
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:
Produce comprehensive reports on the performance of the models for internal
Provide qualitative support to ensure that models are compliant with the Bank’s internal policies and are in line with industry practices, and meet regulatory requirements
Review reports illustrating risk parameters and metrics associated with business lines
Evaluates external supplier SSAE16 reports for proper IT computing controls
Provide leadership and strategic vision for the development and implementation of Reporting and scorecard designs including but not limited to Technology Risk and Information Security Executive Report, Management Operating reports and other key technology scorecards
Provide data to meet regulatory requirements
Provide data to CCAR office on stress testing scenarios
Become a subject matter expert on model risk management processes and provide leadership and guidance on regulatory, governance and technical requirements to the business segments
Maintain an awareness of the state-of-the-art methodologies in the global financial sector
Lead model inventory management efforts, including enhancements of existing functionality and reporting
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:
Bank
Commonly used internal control frameworks
Consumer lending organizations
Control summaries
Credit-related regulatory requirements
Highly developed understanding of portfolio risk dynamics
Industry “best practices” for compliance programs in larger banking
Reports
Risk assessment methodologies and developing key deliverables
Risk frameworks and regulatory/compliance methodologies
Desired experience for risk senior manager includes:
Responsible for leading large-scale, complex enterprise-level exercises in relation to various financial, systemic and market-driven risk events
Contributing to the development and execution of Enterprise Exercise Strategy in relation to the financial crisis stream of the Global Crisis/Incident Management Governance Structure
Manage expectations and represent Testing Framework at challenge sessions from internal and external audit and regulatory stakeholders
Educate and mentor members of the Global Crisis/Incident Management Governance Structure, businesses and peers in relation to financial crisis exercises
Provide support to the Enterprise Risk Management Team, peers and management outside of normal responsibilities as required
Provide coaching and mentoring of team members relating to the exercise portfolio
Risk Senior Manager Examples
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Risk Senior Manager Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of risk senior manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for risk senior manager
- 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
Qualifications for risk senior manager
- 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
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Risk Senior Manager Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of risk senior manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk senior manager
- 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
Qualifications for risk senior manager
- 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
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Risk Senior Manager Job Description
Job Description Example
Our growing company is looking for a risk senior manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for risk senior manager
- 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
Qualifications for risk senior manager
- 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
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Risk Senior Manager Job Description
Job Description Example
Our innovative and growing company is looking for a risk senior manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk senior manager
- 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
Qualifications for risk senior manager
- 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
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Risk Senior Manager Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of risk senior manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk senior manager
- 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
Qualifications for risk senior manager
- 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