Risk Associate Job Description
Risk associate
provides clear, effective and accurate communication / information Accepts responsibility for own actions PC Skills: MS Office, especially Microsoft Excel.
Risk Associate Duties & Responsibilities
To write an effective risk associate job description, begin by listing detailed duties, responsibilities and expectations. We have included risk associate job description templates that you can modify and use.
Sample responsibilities for this position include:
Produce and review daily liquidity risk and VaR calculations
Produce and review weekly risk report
Review the third party pricing in an independent and reliable manner to ensure vendors/dealers reflect current market conditions and trade levels
Prepare reports and ad-hoc analysis to assist portfolio management and valuation committee in tracking Cost/MV attribution and price trends/variances
Monitor and correlate market events to price assets utilizing trades, dialogue with participants and research to capture the ever-changing dynamics and how they affect the price of assets under management
Assist with internal and external reporting process on all investments
Assist with the completion of various regulatory and other reporting requirements including Form PF and ASC 820 and other regulatory requirements including but not limited to Dodd Frank Protocal, OTC Central Clearing
Manage the external audit and fund administrator approval processes
Answer questions/requests, describe appropriateness of the internal models, and create additional write-ups regarding CMBS, RMBS, and Structured products
Coordinating work between multiple areas and working on multiple projects simultaneously
Risk Associate Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Risk Associate
List any licenses or certifications required by the position: CIA, CISA, CPA, CEDS, RCA, CISSP, CISM, CCB, CGEIT, CIPP
Education for Risk Associate
Typically a job would require a certain level of education.
Employers hiring for the risk associate job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Economics, Engineering, Statistics, Mathematics, Business, Accounting, Education, Physics, Graduate
Skills for Risk Associate
Desired skills for risk associate include:
MS Office
Microsoft Office products
SQL
SAS
Implement and evaluate the results from the various testing programs
MS Excel
Consumer risk management and governance concepts
Counterparty Relationships and Investments are necessary in order to design
Excel
Fixed income and Treasury products
Desired experience for risk associate includes:
Adjudicate credit requests related to loan and derivative transactions across most municipal sectors
Review transaction-related documentation and assess for credit risk implications
Understanding of investment and industry rules and regulations
3-5 years of Risk Management experience in Asset Management or related industry
Experience with Basel II Operational Risk Framework a must
Product exposure
Risk Associate Examples
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Risk Associate Job Description
Job Description Example
Our company is growing rapidly and is looking for a risk associate. 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 associate
- Advise and guide internal partners regarding risk profiles of various borrowers
- Work in collaboration with other departments and business lines to provide insightful analysis of risk and generate forecast for CCAR submission
- Assist in the preparation and documentation of qualitative assessments such as standard and idiosyncratic scenarios, attending workshops, writing meeting minutes, affirming the results, and documenting the outputs
- Assist in defining, developing, and enhancing the operational risk governance processes
- Foster and establish the development, review, and update of the Operational Risk Standard, Framework, Standing Orders, Appetite, and other policies and procedures for Combined US Operations
- Review the third party pricing in an independent and reliable manner
- Assist in the improvement of a constantly evolving valuation and price verification framework
- Prepare reports and ad-hoc analysis to assist portfolio management and valuation committee
- Monitor and correlate market events to price assets
- Assist with the completion of various regulatory and other reporting requirements
Qualifications for risk associate
- 6 months of experience working with Salesforce.com
- 3 years of experience in supporting, partnering and interacting with internal business customers
- Familiarity with Operational Risk Management and related concepts, IT security, model risk, vendor management, internal and external fraud
- A minimum of 1 year experience working in an operations or support role for a live online product
- Spearheads the preparation of I&TS ORM presentations and updates for senior management and I&TS Operating Committee (50%)
- Ability to build partnerships with others and work toward a common vision or goal
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Risk Associate Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of risk associate. 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 associate
- Helping to design and facilitate or implement overall risk and control processes, for specified product line
- Integrating Group/GTB Operations RRC initiatives and processes into the division specific framework
- Monitoring self-identified risks and audit issues and ensuring senior management awareness
- Supporting the Chief Operating Office (COO), to ensure that progress toward timely closure is being made, ensuring that closure requests are being submitted in a timely manner
- Supporting the sharing of best practices and lessons learned from audits and other assessments, among locations within the region, between counterparts in other regions
- Ensuring timely and accurate reporting of risk indicators, especially those required for the monthly risk & control report, for all locations in the region
- Monitoring the dedicated mailbox of the Business Management Service Centre (BMSC) and identifying issues trends that require management attention
- Monitoring reporting of operational risk events and key risk metrics in the region
- Supporting COO global strategy to eliminate or minimise risk events
- Executing the COO control safeguarding strategy in the region and conducting targeted independent reviews, when necessary, prioritising identified issues and assessing remediation actions
Qualifications for risk associate
- 3+ years financial services industry experience with specific AML and Sanctions Compliance and Risk Assessment experience preferred
- Familiarity with products and services of the relevant Line of Business
- Operates effectively at significant detailed level
- MBS exposure
- Proficient with Macros
- Process orientation and ability to map processes and develop, track and monitor process metrics and effectivenes
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Risk Associate Job Description
Job Description Example
Our innovative and growing company is looking for a risk associate. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for risk associate
- Support the business in capturing and maintain risks with appropriate controls
- Identifying, assessing and monitoring liquidity risks related to the Firm’s business activities with a focus on Treasury, Secured Funding and Prime Brokerage
- Conduct reviews of the regulatory requirements for the LCR and NSFR
- Individual contributor supporting CCB Risk Data Management in defining terms and definitions for critical data elements in conjunction with business and technology partners
- Responsible for logging, categorizing and performing root cause analysis for data quality issues for Risk Owned critical data elements
- Work with the Data Governance team, project teams, and partners to apply governance processes aligned to the Firmwide CDO initiatives
- Perform ad-hoc analysis as required on topics such as data usage, data quality rule writing progress
- Support the production of regular CCB Risk Data Certification Metrics
- Perform oversight of Risk owned data to ensure high quality metadata the meets applicable data management standards, policies and controls
- Compilation and regular review of the identified risks on the Risk Register
Qualifications for risk associate
- Bachelor's Degree in Finance, Mathematics, Economics or related field
- 2 to 6 years' experience involved in a risk management, mid-office, or related area involved in commodities or interest rates futures
- Programmatic data analysis using programming languages such as “R” or Python
- Big data storage and distributed processing using frameworks like Hadoop, HBase and Cassandra
- Having one of the following certifications would be ideal, MCTS/MCITP/MCSA/ITIL/CISSP/CCNA
- Experience with ISO27001 would be a distinct advantage
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Risk Associate Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of risk associate. 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 associate
- Gathers and reviews technology risk metrics in order to assess risk and their relative impact to the Bank
- Tracks technology risk remediation activities
- Assists with the processing of technology risk acceptances for Bank specific risks
- Participates in the annual technology Risk and Control Self-Assessment control effectiveness and residual risk rating activities
- Assists with updates to technology risk related policies and procedures
- Develop and implement risk infrastructure related to Issuer & Counterparty Risk for all products in relevant bank-wide systems, and maintain robust data control and reporting processes
- Stay updated on changing regulatory/industry/market and counterparty concentration landscape to develop and implement functional CCR and Issuer Risk measurement
- Work with other teams in RMG-MLR, RMG-Credit, RMG-Risk Infrastructure, Finance, ITT and T&M for process integration and knowledge sharing
- Meet engagement deadlines and budgets, maintain compliance with internal risk policy requirements
- As financial derivatives become more complex, so do the models that are used to value and risk mange them
Qualifications for risk associate
- Prior product exposure experience
- Experience with Mortgage Backend Securities
- Degree in Finance, Accounting, Economics, Mathematics or the Applied Sciences
- Thorough knowledge of credit philosophy, Risk Guidelines and policies, loan documentation, bankruptcy and related legal issues
- Experience in or understanding of payment operations, with an appreciation for operations controls required in the payment space
- Experience or interest in testing and/or evaluating control processes
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Risk Associate Job Description
Job Description Example
Our growing company is looking for a risk associate. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk associate
- Maintain integrity of our brand and champion its growth and significance among key internal and external constituencies, ensuring a strong and consistent brand identity in and across all marketing and communications strategies, websites, publications, digital marketing platforms
- Develop risk awareness training and enablement materials that will be used across the firm and independently write well-structured and persuasive products. Leverage creative thinking and understanding of audience to produce engaging materials in a variety of formats and media, including storyboards, user guides, and gamification elements
- Manage existing training programs, curricula, and university engagements and new hire onboarding activities
- Work with external vendors and training partners as needed to establish quotes, production schedules, delivery, and implementation of materials
- Manage internal communications (Newsletters, To All communication )
- Assist in the Negative News Screening (NNS) process for Retail Banking clients including conducting research of prospective and current clients
- Coordinate with the Second Line of Defense Bank AML Compliance and Wealth Management AML Compliance teams to monitor client relationships on an ongoing basis
- Actively identify, measure, control, and remediate AML and Operational Risk issues with partners in Bank AML Compliance and the Business Unit
Qualifications for risk associate
- Master’s degree in quantitative field with very strong programming skills
- Working experience of 2 years or above in an area covering traded products and/or counterparty risk and infrastructure
- Strong expertise in C#, C++, VB, BI tools, R & technology to develop a functional and scalable infrastructure that sustains in depth analysis and overall management reporting
- Knowledge of financial traded market products including structured products both in terms of pricing and risk of the product/market
- Ability to understand concerns of, and respond to various stakeholders ICR, Market Risk, trading desk, RM’s, Audit etc
- Experience in implementing Issuer & Counterparty Risk and reporting systems