Risk & Control Analyst Job Description
Risk & Control Analyst Duties & Responsibilities
To write an effective risk & control analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included risk & control analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Risk & Control Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Risk & Control Analyst
List any licenses or certifications required by the position: CISA, CISM, CISSP, CRISC, CIA, MBA, CPA, CRM, CRCM, RMA
Education for Risk & Control Analyst
Typically a job would require a certain level of education.
Employers hiring for the risk & control analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Accounting, Business, Economics, Mathematics, Management, Engineering, Computer Science, Statistics, MBA
Skills for Risk & Control Analyst
Desired skills for risk & control analyst include:
Desired experience for risk & control analyst includes:
Risk & Control Analyst Examples
Risk & Control Analyst Job Description
- Understand valuation method and P&L result produced from various Financial Products & Derivatives
- Perform monthly and other periodic reporting tasks
- Perform other day-to-day or ad-hoc internal control tasks
- Answer or escalate queries received from FM, HO, management or other stakeholders in a timely and accurate manner
- Participate and support in various internal projects led by MRMPC
- Perform daily Market Risk report production to be agreed with front office
- Analyze Market data and parameters used for risk control
- Review Market risk result in compliance with new book structure and business structure
- Support to meet regulatory requirements in terms of Market risk Control
- Provide external and internal audit and regulatory exam support as needed (ex
- Proven ability to communicate effectively in both oral and written form
- 3+ years of strong demonstrated working knowledge of, and skill in, the Microsoft Office Suite including Outlook, Word, Excel, Sharepoint and PowerPoint
- Business Objects, SAS experience desired specifically with the design & development of Web Intelligence reports
- Working knowledge of SharePoint site administration
- CACS/Cognos experience a plus
- Advanced PC skills, specifically with Word, using mail merge, tables, integration with other applications, and Excel, using pivot tables, macros, spreadsheets, downloading, importing and exporting files
Risk & Control Analyst Job Description
- Coordinate all annual insurance reviews and renewals
- Model risk-related reporting to the enterprise, including development and execution of ad hoc and business-as-usual reporting
- Analysis of model inventory and related data, including critical analysis of supporting data
- Development and refinement of model risk-related communications with the enterprise
- Implementing a strategic technology platform to support the enhanced Model Risk Management Framework, including support of and participation in user acceptance testing
- Implementation of governance and operational oversight relating to the Model Risk Management Framework and the Operational Risk Management Framework (the latter as it relates to models)
- Assist in performing in-depth reviews of key regulatory compliance areas to identify control enhancement opportunities
- Participate in ongoing convergence efforts with other firm risk and control disciplines (e.g., S404, Internal Audit, Operational Risk, ) work with key project managers throughout the business and supporting areas to identify risks and required controls
- Draft presentations to Senior Management
- Coordinate meetings with management, including senior management, to review audit results and to discussecommend process improvements
- Ability to identify risks and assess adequacy of controls being able to make suitable recommendations for control enhancements
- Diploma or Bachelor Degree in Computer Science or equivalent
- Professional certifications like CIA, CRISC, CBCP, CRMA will be advantageous
- Control oriented mindset a must
- The ideal candidate has a bachelor’s degree
- 1- 2 years of relevant industry experience is a plus
Risk & Control Analyst Job Description
- Insures department methodologies, project delivery processes, and implementation management processes are followed
- Responsible for SOX related program
- Assists in various tasks as the need arises when requested by Unit Head
- Maintain test methodology and perform testing of identified key controls
- Develop creative approaches to displaying data trends, results of analyses, to effectively communicate with varied reviewers such as ACL managers, line-of-business managers, oversight committees, the Board, regulators, and internal / external auditors
- Support responses to requests of information, documentation, required by internal / external auditors and regulators
- Provide daily ACS service monitoring , incidents reporting, organizing incidents resolution
- Manage the relationship between various Audit groups (Internal Audit, External Auditors) and the relevant operation�s team under review
- Work on inter-departmental projects (IT system modifications/enhancements, management reporting and process design, Accounting reconciliation)
- This position has the ability to independently assess routine non-routine control issues and determine if and when to escalate to management, appropriate legal counsel and/or business unit personnel
- Minimum of 6‐7 years working experience with at least 3‐5 years of experience in risk & control or audit in banking environment
- Operating vulnerability assessment tools, including network scanner and host-based network scanners
- Extensive knowledge and experience in IT Security and Information Security (both technical and organizational requirements)
- Proficient in spread sheets, word processing and database software and/or business systems (Word, Access, Excel, PowerPoint)
- Open to changes
- High degree of proficiency in Microsoft Excel, Word, Visio, Access and PowerPoint
Risk & Control Analyst Job Description
- Analysis of credit risk system data feeds
- Assistance in preparation of data feed specifications and the running of user tests
- Production of and commentary on regular MIS reporting for the credit risk and business unit management
- Review of regulatory reports for accuracy and completeness
- Production of ad-hoc and recurring Credit Risk Reports
- Collaboration with our global credit management teams in New York, London, and Asia
- Maintain the End User Computing (EUC) Inventory for Group Operations in compliance with the Control Services-designed EUC Guidance document & Bank-wide Policy
- Analyse operational risk incidents with the relevant HR teams
- Ensure appropriate action plans are developed and implemented to improve processes and prevent incidents
- Finalize and enhance the Risk and Control Self-Assessment
- Understanding of risk management department (organization/function)
- Strong Microsoft Office experience / skills
- Oracle Financials, Charles River Development, PeopleSoft, Salesforce, Eagle Systems and Transfer Agency applications
- Team player and able to work in collaborative manner
- Minimum undergraduate degree in accounting, finance, economics or related discipline required
- Knowledge of financial products and businesses, especially of Settlement businesses
Risk & Control Analyst Job Description
- Develop creative approaches to displaying data trends, results of analyses, to effectively communicate with varied reviewers such as ACL managers and line-of-business managers
- Validate crude oil and natural gas prices on a daily basis
- Ownership for crude oil and natural gas market curves, valuation pools and location adjustments
- This individual will ensure adherence to risk and control standards and established policies and procedures by performing required self-assessment and control testing of the credit card program-arid-products
- This will include effectively identifying issues, reporting to management on the issue(s), and helping to identify the required remediation efforts to resolve any gaps
- Research, understand and track related banking and consumer credit regulations/laws by FRB, CFPB, CA State
- Act as a key contributor to define and maintain an effective risk and control self-assessment program for Credit Card
- Work with Enterprise Risk Management, Compliance, BSA/AML to ensure risk assessments align with overall bank strategies
- Run valuation systems
- Manage multiple pricing databases and information feeds / sources
- Produce ad-hoc risk and control governance reports as required by management
- Work with the risk team to collectively help embed the Enterprise Risk Management Framework (ERMF) and appropriate Operational Risk Standards requirements
- Gather and manipulate data from various sources and stakeholders, ensuring it is timely, accurate and appropriate for presentation at the various Risk & Control Forums
- Very good ability to assess, quantify, and effectively communicate issues, risks and controls
- MI reporting / data analysis experience
- The ideal candidate will have hands-on experience in risk management or anti-money laundering compliance operations