Analyst, Risk Management Job Description
Analyst, risk management
provides audit support by performing research and providing examples for audits, exams and inquires, including but not limited to, KPMG, SOC1, KPMG SOX/17a-5, KPMG FICCA, FINRA FIN Op exam and FINRA 3120 Supervisory Controls.
Analyst, Risk Management Duties & Responsibilities
To write an effective analyst, risk management job description, begin by listing detailed duties, responsibilities and expectations. We have included analyst, risk management job description templates that you can modify and use.
Sample responsibilities for this position include:
Produce the quarterly claims statistics for reviews
Give first approval of compliance for new vendor set up
Oversees the issuance of certificates of insurance and auto ID cards
Maintains all databases of the company's risk management programs (including property, general liability, auto, and casualty) including locations, employee assignments, federal identification numbers, insurance policies, and related information
Assist the Director of Risk Management with developing a business allocation model for budgeted costs and allocate actual insurance and claim costs to businesses
Formulate underwriting information for the company's insurance brokers and underwriters to support the renewal of insurance policies
Review incoming policies from brokers for accuracy and tracks required changes
Work with Risk Manager and consultant to collect necessary information from the acquisition team, to conduct due diligence, and to arrange insurance for acquisitions
Manage Certificates of Insurance inbound & outbound
Responsible for incident and claims reporting and corresponding follow up
Analyst, Risk Management Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Analyst, Risk Management
List any licenses or certifications required by the position: CISA, CISSP, SANS, CISM, PMP, CPT, CEH, CRISC, CIPP, GIAC
Education for Analyst, Risk Management
Typically a job would require a certain level of education.
Employers hiring for the analyst, risk management 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, Economics, Accounting, Engineering, Computer Science, Mathematics, Statistics, Education
Skills for Analyst, Risk Management
Desired skills for analyst, risk management include:
Statistics
SQL
VBA
Excel
SAS
FICCA
Python
17a-5
Control environment for SOX
SSAE18
Desired experience for analyst, risk management includes:
Environment with a global, multi-location corporation
Knowledge of commercial insurance coverage policies, provisions and pricing
Experience with third party contracts, particularly indemnification and insurance language
Understanding of corporate entity, joint venture and partnership structures
Experience with spreadsheet/database construction and analyses
Proficiency in risk management database systems a plus
Analyst, Risk Management Examples
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Analyst, Risk Management Job Description
Job Description Example
Our growing company is hiring for an analyst, risk management. 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 analyst, risk management
- Facilitate operational risk assessments
- Track and report issues and action plans resulting from RCSAs, Internal Audits, Risk Events, until effective closure
- Responsible for maintaining a safe workplace and ensuring that safety is the highest priority
- Develops and implements a Risk and Opportunity Management Plan that defines how risks and opportunities are managed, in accordance with priorities and processes defined by the National Science Foundation
- Design and maintains a Risk and Opportunity Register for tracking risk/opportunity handling plans to completion
- Coordinates the efforts of program stakeholders to identify, quantify, handle, and monitor/report risks and opportunities
- Identifies potential loss areas and their impacts on cost, schedule, or technical performance
- Maintains timely and accurate communication with all stakeholders
- Prioritizes and informs decisions on types and levels of contingency, potential de-scoping activities, and alternate strategies to mitigate the cost or schedule impact of possible threats, or increase the impacts of potential benefits
- Continually determines the program’s risk exposure and recommended contingency levels using distributions from probability simulations
Qualifications for analyst, risk management
- Help plan and provide feedback on requirements as they are developed
- Entry level to 1 year experience related to Operational Risk , Internal Audit, Enterprise Risk Management, Compliance, SOX
- Minimum three (3) years’ experience in risk management
- Prior knowledge of control environment control frameworks
- Experience of interpreting results from fraud tools used to combat online card fraud (eg
- Familiarity with retail and institutional brokerage
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Analyst, Risk Management Job Description
Job Description Example
Our company is hiring for an analyst, risk management. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for analyst, risk management
- Processes invoices for payment and maintains payment records
- Responsible for Workers’ Compensation Monopolistic State Filings and State Bureau Audit responses
- Assists Finance Manager with collection of Workers’ Compensation payroll for reporting purposes
- Assists Finance Manager with FPRP and Claim binders
- Record Retention - maintains logs and files of insurance related documents including correspondence, policies, endorsements and binders
- Work with the IT Risk/Compliance Team in the execution of the IT Risk/Compliance Program by obtaining and analyzing data and information required for decisions in planning, scoping, and risk-assessing the review and/or conducting assigned testing
- Apply professional standards, responsible for business judgment and the compliance methodology for the effective and timely execution of assigned tasks and team responsibilities
- Perform compliance control operation of IT security controls including security incidents and performing user access controls
- Perform compliance activities including access recertification and process documentation and monitoring of SOX applications access logs
- Monitor IT open audit issues and coordinate remediation
Qualifications for analyst, risk management
- Demonstrate a basic understanding of various compliance and regulatory areas
- Proven ability to function well independently in a team, and be comfortable in a fast paced and dynamic environment with high degree of accuracy
- Experience with factor analysis
- Experience with dimension reduction
- Bachelor’s degree in Finance, Economics, Accounting or related degree
- Normal office activities that consist of frequent sitting, walking, standing and other physical activities
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Analyst, Risk Management Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of analyst, risk management. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for analyst, risk management
- Forecast expenses for Risk Management functions and partner with divisional, corporate and logistics teams to manage expenses
- Prepare various insurance policy submissions for review by Risk Management leadership
- Participate in weekly claims reviews with Risk Management team to discuss claim strategies for moving claims forward to ultimate closure
- Perform risk reporting on outstanding credit exposure, warrant exercise, corporate finance positions, and treasury asset allocation
- Assist with developing and maintaining the overall risk management process and procedures and associated project support office functions
- Identify quality, schedule, technical, cost, regulatory unknown risks and develop mitigation plans to reduce the severity of likelihood and impact and build contingency plans in the event a risk is realized
- Collect and analyze risk status at individual project and all up system level performance
- Coordinates strategies for direction and development of various risk management programs for Illinois Agricultural Association and its affiliates, including recommendations for appropriate actions on corporate insurance policies
- Maintains a current thorough working knowledge of all corporate insurance programs, keeping abreast of market trends, and uses independent judgment to answer customer questions regarding their insurance programs
- Consults with agents, employees, and business areas, to determine risk potential and specific insurance needs
Qualifications for analyst, risk management
- Bachelor’s degree required, preferably in business, finance and accounting, or risk management
- 4+ years of relevant risk management, consulting, or internal/external audit experience
- Knowledge of risk management approaches and processes required
- Must have experience in developing or performing risk assessments
- Solid work ethic based on a strong desire to exceed expectations
- Complete understanding and application of descriptive and inferential statistical methods and tools related to risk analysis are required, including multivariate predictive modeling and analysis
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Analyst, Risk Management Job Description
Job Description Example
Our growing company is looking for an analyst, risk management. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for analyst, risk management
- Perform insurance policy reviews to evaluate adequacy of coverage for current and new risks to the company
- Assist Legal Paralegal on routine certificate of insurance requests and maintenance of incoming certificates
- Conduct ongoing and focused training as needed
- Maintain and distribute insurance policy summaries and claims reporting procedures after each renewal
- Assist other company departments with risk issues
- Travel may be required – estimated at 10%
- Regularly communicate views to internal clients both verbally and in writing (such as investment bankers, credit executives, relationship managers )
- End-to-end ownership of RLA policy, including its performance, economics, processes and dependencies
- Lead deep dive analysis to identify opportunities and implement changes
- Monitor performance and ensure flawless execution
Qualifications for analyst, risk management
- Proven knowledge of risk and opportunity management principles, concepts, practices, and standards, particularly as applied to project management best practices
- Bachelor�s Degree (preferably Economics, Accounting or Finance)
- 2-4 years of related financial services industry experience (Risk Management, Product Line Accounting, Operations, Compliance, Sarbanes Oxley or Internal Audit)
- Perform audits and analysis of departmental losses and trends
- Prepare studies and implementation reports
- Prepare agenda items for the City Council
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Analyst, Risk Management Job Description
Job Description Example
Our innovative and growing company is hiring for an analyst, risk management. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for analyst, risk management
- Coordinate, process and manage all billing and payments for Risk Management Dept
- Assist & monitor reporting and oversight of captive losses / expenses and requirements
- Prepare reports and presentation materials as necessary
- Report incoming claims, set up files and monitor
- Organize and support insurance broker & insurer meetings and relationships
- Assist Director in review of risk management contractual requirements
- Connect with DFA members, internal plants and or commercial customers, serving as an educator and partner to help them understand agricultural commodity markets and price risk management tools
- Stay current on market conditions and translate the information to DFA Risk Management's client base while contributing to DFA market publications
- Execute contracts involving futures, options and over-the-counter transactions
- Learn dairy pricing, commodity risk management and the national and global dairy business through exposure to company and industry events and continued education opportunities
Qualifications for analyst, risk management
- Must have experience uploading and managing large data files and managing file formats
- Minimum 2 years working for a bank, financial institution, pharmaceutical or equivalent highly regulated organization
- Ideal candidate will have 3-5 years of relevant experience in a supplier management organization, including 2-3 years in banking, financial, or pharmaceutical services organization
- Understanding and knowledge of information security standards and laws (e.g., ISO 27001/27002, NIST, FFIEC, ), and commonly used concepts, practices and procedures within the information security and privacy field
- Ability to create client-ready storyline decks
- Proficiency & experience in econometric, statistical and machine learning techniques to develop best in class predictive models & clustering methodology is preferred