Risk Analyst Job Description
Risk analyst
provides countermeasure mitigation recommendations for aggregated risk areas IAW ISO/IEC 27001, NIST SP-800 and applicable federal and DOD series instructions.
Risk Analyst Duties & Responsibilities
To write an effective risk analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included risk analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Assisting in completion of the Basel Advanced Internal Ratings Based approach (AIRB) Self-Assessment, which involves assessment of Retail Credit Risk processes against OSFI Capital Adequacy Requirements
Engaging with the global Risk Control Group (RCG) team to focus on and deliver increased automation and standardization across applicable surveillance processes
Review pleadings, expert reviews and relevant legal correspondence to discern issues in litigation and drivers related to agent of loss
Participate in periodic skill development and education sessions
Provide analytical support in connection with credit requests and risk rating reviews
Monitor and manage credit risk related to the exposure incurred in certain industries
Performs model design and testing
Support regular production of business operational performance metrics
Perform "root cause" analysis of issues identified during data analysis
Understand and enhance the controls within Risk and Finance
Risk Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Risk Analyst
List any licenses or certifications required by the position: CISA, CISSP, CISM, CRISC, CRCM, CFA, CIA, FRM, ISACA, CFE
Education for Risk Analyst
Typically a job would require a certain level of education.
Employers hiring for the risk analyst 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, Statistics, Economics, Management, Education, Engineering, Mathematics, Computer Science, Accounting
Skills for Risk Analyst
Desired skills for risk analyst include:
Excel
SQL
SAS
Processes
Statistics
NIST SP 800
Data analysis tools and techniques and decision-making abilities
PowerPoint
Python
Regulations
Desired experience for risk analyst includes:
Good understanding of risk management techniques and portfolio level quantitative analytics
Strong communication skills to convey complex conceptual information and ideas involving extensive interpretation on complex or highly specialized subject matter
Licensed to trade options and equities and an understanding of Margin and Margin Calculations
Prior experience in a capital markets and/or retail brokerage related role a plus
Developing stress testing and scenario analysis to facilitate the Bank meet its regulatory obligations ICAAP/ILAAP/BRRD
Two or more years of bank/branch operations experience required
Risk Analyst Examples
1
Risk Analyst Job Description
Job Description Example
Our company is looking to fill the role of risk analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk analyst
- Own and provide dedicated support for consistent and accurate completion of all IT Information Security and Operational Risk Assessment processes required for all Legal vendors as part of Third Party Oversight
- Prepare risk reports, communicate content and offer suggestions for improvements
- Identify, monitor and work with PM to manage risks in the portfolio
- Assist PMs and investors with deep-dive analysis
- Run back-test, quantitative analysis of trading strategies and scenario simulations
- Follow business and financial performance through daily monitoring of financial and industry information, regulatory events, external rating agency movements, and other early warning signals
- Assist in assembling and maintaining data & initial analysis to support core Risk Manager activities
- Work with financial models including income, balance sheet and cash flow statements, breakeven analysis, enterprise valuation and multivariable sensitivity testing
- Prepare materials to support all risk rating activities, which include but are not limited to annual and interim reviews, credit comments and indicative Borrower Risk Ratings
- Continually identifies high-impact opportunities for improvement (e.g., automation, optimization) in new and existing procedures across our businesses finding questions that we should be asking next
Qualifications for risk analyst
- Excellent knowledge of VBA, SQL and macros
- Set up data quality control system for risk analytical data
- Assess data quality and detecting data quality issue
- Evaluate business values of data elements and quality impact
- Analyse root cause of data issues with cross functional teams
- Conduct sophisticated quantitative analysis and drive deep business insights
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Risk Analyst Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of risk analyst. 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 analyst
- Coordinate periodic tasks with Business Operations stakeholders
- Work in a fast-paced environment and manage multiple tasks simultaneously
- Effectively communicate and collaborate with Business Operations groups to build positive relationships and understand key aspects of the business
- Performs entry-level analytical support
- Analyzing financial reports and identifying financial risks
- Development and monitoring of project budgets and General Conditions
- Contract risk analysis and recommendations
- Business process improvement / Lessons Learned
- Act as liaison between multiple Company Departments and Operations
- Provide general research and analytic support to produce a variety of vulnerability and threat assessments and products that aid in stakeholder decision-making to enhance homeland and national security
Qualifications for risk analyst
- Comfortable working in a group and independently
- Knowledge of financial markets and equity products that demonstrates an interest in the subject matter
- RiskMetrics Model Maintenance
- Bachelor degree in Computer Science/Systems Engineering/Statistics/ Mathematics or related technical field
- Familiarity with SDLC and USDM processes
- Familiarity with RDBMS and data warehousing Teradata, Oracle, DB2, SQLServer
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Risk Analyst Job Description
Job Description Example
Our growing company is looking for a risk analyst. 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 risk analyst
- Enhance existing process flow documentation to ensure a consolidated end-to-end view of the capital adequacy process (inclusive of all component processes) is included within the Internal Control Framework documentation
- Analyze key trading strategies and products to ensure they are in line with RBCCM risk tolerance and objectives
- Examine trends in large sets of data using advanced statistical and econometric techniques to draw conclusions
- Run the risk register process, gathering updates, scrutinising risk and control descriptions, inherent and residual scores, mitigation decisions and plans, and provide feedback to risk managers on opportunities for improvement
- Produce graphs, tables or diagrams to convey the state of the risk register for the Risk and Compliance Committee
- Support risk managers in capturing descriptions for newly identified risks, controls and mitigation plans
- Periodically validate the design and effectiveness of controls, providing recommendations on future changes
- Periodically validate the details of mitigation plans to confirm they are appropriately prioritised and progressing
- Partner with assurance, change and incident managers to ensure that relevant risks and control gaps are being identified and appropriately mitigated
- Support business partners on client and supplier due diligence activities risk management questionnaires
Qualifications for risk analyst
- Act as a liaison between Business Partners and the Canadian Credit Card Risk Strategy team
- Support our existing account management team by providing portfolio and strategy reporting
- Support our existing account management platforms from a systems perspective
- Strong analytical and problem solving skills required interpret data and draw conclusions
- Ability to assess situations, competing needs, requirements and solve problems independently within aggressive time constraints, seeking guidance and approval where required
- Ability to produce deliverables of superior quality tailored to varying audiences demonstrating strong written and verbal communication skills
4
Risk Analyst Job Description
Job Description Example
Our company is looking to fill the role of risk analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk analyst
- Maintains an understanding of current Vendor Risk Management (VRM) related regulations and bank’s related VRM Program framework, policies and procedures
- Performs monitoring and review activities, as needed and directed by Group Manager, of related programs, processes, or systems, and prepares any necessary supporting documentation of such
- This role requires an ability to work with individuals across all levels of the organization
- Candidate should have a good understanding of Property/Casualty insurance basics, and have ability to identify risks and exposures relevant to Brookfield’s core operations
- Participate in Due Diligence review of potential acquisitions
- Conduct audit of existing insurance programs for assets within Brookfield funds
- Provide consultative support to various field offices and business units
- Provide project support, including project tracking and coordination with subject matter experts
- Coordinate exposure gathering for policy placements
- Review and analyze trends in risk exposures with regular frequency
Qualifications for risk analyst
- Two to Four years of industry work experience
- Previous experience in an AML or compliance role would be an asset
- Excellent written and verbal communication skills (fluency in Spanish or French would be an asset)
- Comfortable with mathematical, quantitative finance, market/liquidity risk measurement skills
- Fluent (Portuguese or Spanish) and English spoken and written
- Bachelor's degree in Management or Computer Information Systems (MIS or CIS)
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Risk Analyst Job Description
Job Description Example
Our innovative and growing company is looking for a risk analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk analyst
- Running underlying data checks
- Deliver against and provide recommendations for Source System releases (new systems and updates to existing systems) impact to VaR analytics and reporting infrastructure including coordination of testing with project team, VaR and any other impacted stakeholders
- Creation and monitoring of Source Forges, providing high level overview of impact to VaR
- Assessment of initiatives impacting Data Governance standards and protocols
- Liaise closely with the Bank’s front office management team, Trading Business Management, Market Risk Control, audit, technology groups, Reporting & Exception Management and other stakeholders to assist in meeting the Bank’s objectives
- Champions broad acceptance and execution of, and compliance with, the company’s VRM Program by guiding stakeholders and others to operate within the established risk framework, policy and procedures
- For assigned vendor risk assessment/review work, applies analytical thinking skills and sound judgment to identify the risks and levels of exposure FHNC is exposed to through a vendor
- For assigned vendor work, ensures complete and accurate files are maintained to meet internal program requirements, management and reporting needs, and other requirements (supplier and services profile data, monitoring assignments, review data/results, and documentation)
- Ensures management is apprised timely of potential concerns or risk issues related to vendors being assessed, including identifying and escalating vendor non-compliance and performance issues
- Assists Group Manager in analyzing and responding to requests for vendor data/artifacts for audits, examinations, internal reporting, and other ad hoc requests
Qualifications for risk analyst
- Ability to create queries and manipulate data within SQL required
- Understanding of concepts of relational database structures
- 1 to 3 years of risk analyst experience with financial instruments
- Excellent analytical, qualitative and quantitative skills
- Excel in a collaborative work environment
- Proficiency with the MS-Office Suite, particularly Excel(VBA)