Business Risk Services Job Description
Business risk services
provides oversight for the overall quality, consistency, and risk management of the department; identify opportunities for process improvement; develop and maintain risk monitoring and performance standards.
Business Risk Services Duties & Responsibilities
To write an effective business risk services job description, begin by listing detailed duties, responsibilities and expectations. We have included business risk services job description templates that you can modify and use.
Sample responsibilities for this position include:
Reporting to the Director of IT Risk, the Associate Director will assist in the oversight of IT risk management practices covering the five domains of IT Risk, provide interpretation and counsel on policies, and challenge existing practices for Enterprise IT Risk within business platform
Provide advice and counsel to platform executives and management to enhance their ability to anticipate, identify, manage, and remediate IT risk effectively
Act as the Centre of Expertise for IT Risk best practices managing key relationships in the Corporate Services & Business Strategic Transformations business platform
Develop content for quarterly reports to business COO and IT VP/SVP on insurance business platform’s IT Risk profile including application, infrastructure and third party
Represent IT Risk on Program Operating Committees and or steering committees or associated governance/review activities on key business initiatives ensuring that existing and emerging IT Risks for new products, processes and transformational initiatives are identified
Work with the business and technology teams in the first line of defense to embed an understanding of the business line IT Risk profile and risk appetite into strategic decision making
Collaborate with stakeholders including the IT Risk Management CoG, regional Operational Risk Management teams, relevant Centres of Expertise, relevant Operational Risk Centres of Governance, EORM, as required
Ensuring collaboration among the control & functional partners in region (OCM, IRM, Compliance, Legal, ) and globally with the BCM team, to maintain a comprehensive robust control environment regionally and from a product perspective
Drive a culture within Global Trade of personal ownership for the business control environment and rapid escalation of any identified issues and provides value-added solutions to improve risk management practices
Assist in process design, procedures, monitoring and reporting to effectively address risk management requirements in Trade Product Business
Business Risk Services Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Business Risk Services
List any licenses or certifications required by the position: CPA, CISA, CIA, CRMA, CISSP, FRM, JD, CEO/CFO, ICFR, ITGC
Education for Business Risk Services
Typically a job would require a certain level of education.
Employers hiring for the business risk services job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Information Technology, Finance, Business, Computer Science, Economics, Business/Administration, Management Information Systems, Management, Engineering
Skills for Business Risk Services
Desired skills for business risk services include:
Audit-preparation software and an understanding of the impact of technology
IT trends and systems processes to identify security and risk management issues and other opportunities for improvement
Opportunities for overall process improvement
IT trends and systems processes to identify security and risk management issues
Develop recommendations for improvement based on leading practice
Evaluate findings for significance and risk
IT trends
Systems and processes
COBIT and others
NIST
Desired experience for business risk services includes:
Support the Global BCM in overall Trade Risk Control Self Assessment (RSCA) governance within the region
Chair the Regional Client Engagement Committee and Support the monthly Global Regional Control and Oversight Forum
Support business (NTNO) in region across a variety of activities
Take on and run Regional Product initiatives by working closely with regional product leads to do so (Supply Chain Finance/Traditional Trade/Export Finance)
Potential to gain management experience within 12-24 months
Responsible to assist the Regional Operational Risk Manager for the implementation of the Operational Risk Management Framework
Business Risk Services Examples
1
Business Risk Services Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of business risk services. 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 business risk services
- Undertakes assessments of business unit exposures, identifying risks, evaluating their potential impact and reviewing the strengths and weaknesses of existing controls
- Help implement various components of the corporate operational risk framework including the reporting of monthly key metrics and annual Risk Control Self-Assessments
- Supports the implementation of Control Programs, such as Third Party Oversight, Data Loss Protection, Privacy, Business Continuity, within the business line
- Works with Corporate governance groups, such as Global Resiliency & Crisis Management
- Report incidents and perform root cause analyses on identified risk events to recommend improvements to prevent these risk events from re-occurring in future
- Perform trend analysis on operational errors and other risk data (internal/external) to understand common root cause and adequacy of preventative action
- Partner with the business team to ensure effective use of trending and process analysis
- Assist in the development and roll-out of risk awareness training
- Monitoring the implementation of action plans to address medium and red key risk indicators reported monthly to Risk Management
- Assisting the Principal Risk Owners and Principal Risk Coordinators with the identification of key risks and mitigating controls in their business units, action plans to address any gaps in the mitigating measures identified
Qualifications for business risk services
- Monitoring the implementation of action plans to address medium and red key risks on the risk and control self-assessments
- Manage, monitor and track resiliency activities on RDMS
- Responsible for monitoring through various reports, tools, and system research for all engagements/services associated with the third party suppliers / Technology vendors
- Monitor and ensure all applicable risk assessments are completed in the appropriate timeframe based on third party risk tier and manage timelines in Phoenix tool
- Understand all assessment issues and be able to explain the significance of the risk to the Operational, Technology & Delivery Managers and where applicable any Third Parties
- Monitor and report remediation plan issues until we have remediated all reported issues
2
Business Risk Services Job Description
Job Description Example
Our innovative and growing company is looking for a business risk services. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for business risk services
- Act as a liaison point for APAC third party engagements with GBDS TPMO group
- Work with the Operational, Technology & Delivery Managers at all levels of the organization to fully understand and document the business needs and any identified solutions
- Assist in training both Delivery and Senior Managers on the Risk and TPO procedures and systems
- Work on adhoc GBDS projects as required, administer meetings, produce documentation and coordinate actions
- Interprets and articulates regulatory and compliance findings for the business to action
- Engages with program and initiative teams to ensure projects understand and adhere to regulatory compliance requirements and risk controls
- Assist in training on the TPO procedures and systems
- Oversee the EMEA region and participating/supporting global discussions in terms of data, invoicing, performance standards with over all support to the global GBDS team
- Supplier billing, reconcile and payment of invoices
- Relationship management of the JPMC EMEA points of contact
Qualifications for business risk services
- Candidates with a Master’s degree in Accounting, Management Information Systems, or a related field will be given stronger consideration
- Candidates with a professional designation such as CIA, CISA, CISSP, or CPA certification will be given stronger consideration
- Ideal candidates have experience with numerous business cycles and multiple accounting software applications
- Industry experience that includes Finance, Operations, IT, Internal Audit
- Business process optimization experience (six sigma, LEAN)
- Experience in IT consulting/auditing, information security administration or electronic data processing/Big Data analytics experience will be a plus
3
Business Risk Services Job Description
Job Description Example
Our company is looking for a business risk services. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for business risk services
- Monitor the cost and ensure it is within the budget
- Undertake the internal control standards, implement and observe Group Compliance Policy, assist on maintaining the awareness of operational risk and minimize the occurrence of any potential leakage
- Develop the analytics of customers / products / channels to guide and improve marketing effectiveness, product and channel strategies to build for a sustained growth
- Support the team head to prepare the business related internal communication materials
- Elicit requirements from all functional areas, facilitate discussions cross-functionally, document in a clear fashion and capable of managing changing requirements
- Design new processes by analyzing requirements, constructing process flow charts and diagrams, studying system capabilities and assisting with training users as needed
- Recommend controls by identifying problems and writing improved or new procedures
- Can build effective relationships across the organization, direct activities, monitor details and set priorities
- Provide leadership to drive the organization’s strategic risk initiatives
- Develop enhanced analytical and reporting capabilities to provide improved insights to risks and opportunities in support of new and existing strategies
Qualifications for business risk services
- Strong knowledge of compliance, regulatory & control, IT risk, legal and risk operational requirements and challenges
- At least 2 years of experience with SOX compliance or at least 2 years of IT controls testing
- At least 1 year of experience with Risk Management
- At least 1 year of experience in Project Management or at least 1 year of experience in Process Management
- Proficient in Microsoft Excel and proficient in Microsoft Word
- 2 years of experience as Project Manager or 2 years of experience as a Process Manager
4
Business Risk Services Job Description
Job Description Example
Our company is growing rapidly and is looking for a business risk services. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for business risk services
- Serve as an Executive Assistant to Business Risk Services Leader and other executives in the national service line structure to include handling client/prospect/recruit communications and hosting, maintaining calendars and handling scheduling conflicts, scheduling/preparing and follow up for meetings, planning and handling events, processing expenses for reimbursement, booking domestic and international travel and performing other administrative duties as needed
- Provide business line support through the preparation of professional documents including presentations, spreadsheets, e-mail communications, letters, memos and proposals
- Assist with the handling of client related documents and reports to include receiving, inventorying, indexing, categorizing and filing
- Assist with client onboarding and project administrative set-up
- Provide support with processing client deliverables and other materials
- Work as part of administrative team to support other administrative assistants as needed
- Attend professional development and training sessions
- Ability to provide guidance on best underlying structure for the Data Integration (DI) layer and suggest ways to optimize DI dashboard
- Oversee the efforts of client engagements
- Supervise, train, and mentor associates and interns on audit and review processes and assess performance of staff for engagement reviews
Qualifications for business risk services
- Working knowledge of COSO, CoBIT and/or other leading IT control frameworks
- Proficient in Tableau and proficient in MS PowerPoint
- CISA certification, or CISM certification, or CIA certification, or CISSP certification, or CRISC certification
- Experience in statistical data analysis in the banking industry with good product knowledge would be an advantage
- Good analytical, interpersonal and presentation skills
- Degree holder in Business Administration/ Finance/ Information Technology or related discipline
5
Business Risk Services Job Description
Job Description Example
Our company is searching for experienced candidates for the position of business risk services. 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 business risk services
- Cultivate the relationship with stakeholders and related projects to support new risk management policy & process requirements
- Manage the relationship between Global Business Operations and key stakeholders (internal clients) including but not limited to Member Firm Ethics & Independence Partners, Risk Management Partners, Lead Partners, Engagement Teams and their delegates
- Provide guidance in resolving potential issues relating to the respective risk process
- Provide day to day business prioritization of changes and enhancements, and develop briefing materials to present to internal clients
- Manage the process of deployment and implementation of new member firms and/or brokers onto the respective risk system
- Demonstrate some proven abilities and success as a team member
- Supervise, train, mentor, and assess performance of staff members and manage, develop, train, and mentor staff on projects and assess performance for engagement and year-end reviews
- Manage the evaluation and testing of IT processes and systems controls and identification of areas of risk
- Review operational, financial, and technology processes to provide management with an individual assessment of business risk, internal control, and the overall effectiveness and efficiency of the process the risks associated with Sarbanes Oxley as it pertains to internal controls over financial reporting
- Assist with national and regional Assurance methodology enhancements
Qualifications for business risk services
- Minimum 5 years of relevant experience in audit or banking
- Good knowledge of banking ordinance & regulatory requirement
- Possess related product knowledge would be an advantage
- Highly analytical, organized and independent
- Excellent spoken and written English, Putonghua and Cantonese
- Strong organizational, analytical and technical skills with the ability to multi-task and drive projects to completion