Risk & Controls Job Description
Risk & controls
provides subject matter support to the audit division on audit methodology for data risks including data management; data risk identification; and data risk assessment on regulatory and operational audits.
Risk & Controls Duties & Responsibilities
To write an effective risk & controls job description, begin by listing detailed duties, responsibilities and expectations. We have included risk & controls job description templates that you can modify and use.
Sample responsibilities for this position include:
Design, plan and execute testing of internal controls as part of continuous monitoring and adherence of the IT Control framework
Assessing and monitoring the design and operation of control standards which support the FCF to provide assurance that financial risks are identified and managed across the organization
Assisting in the completion of independent Quality Control Reviews across high risk areas of Finance
Assisting in the maintenance of the operational risk reporting framework to key stakeholders (includes Key Risk Indicators, incident reporting, monthly reporting)
Assisting in the facilitation and review of the Operational Risk Self Assessments (half yearly updates)
Analyzing operational incidents (including their causes) to identify control framework improvements necessary
Sharing and communicating best practice ideas and initiatives within the Finance teams, including formal training regarding aspects of the FCF
Assist in the management and operation of select Risk committees, including preparation of meeting materials, agenda management, attending meetings, and follow ups
Lead on risk incident management
Responsible for Unit Pricing Committee Secretarial duties
Risk & Controls Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Risk & Controls
List any licenses or certifications required by the position: CISA, CRISC, CISM, CISSP, CIA, CRM, CRCM, CICA, SOX, CDK
Education for Risk & Controls
Typically a job would require a certain level of education.
Employers hiring for the risk & controls job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Accounting, Finance, Business, Management, Computer Science, Information Technology, MBA, Education, Management Information Systems, Graduate
Skills for Risk & Controls
Desired skills for risk & controls include:
Risk assessment and scenario analysis methodologies
Operational risk management
Audit methodologies and developing key internal audit deliverables
Secondary mortgage market and Freddie Mac’s business
Internal controls
Procedures
Industry regulations and regulatory data sources
MS Office Suite
Relevant regulatory compliance
SQL
Desired experience for risk & controls includes:
Solid understanding of the key elements of a financial control environment via external/internal audit, operational risk or financial control roles
Strong interpersonal skills, we need someone who interacts well with the team risk/compliance
BE / BCA / B.Sc or MCA / M.Sc in computer science
MS Office products including strong grasp of Excel and PPT
Coordinate regulatory control forums for Asia
Production of control program MIS and presentations for different Asia and global stakeholders
Risk & Controls Examples
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Risk & Controls Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of risk & controls. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk & controls
- Project risk management, opportunity management and issue management training, processes, templates and procedures for the project
- Initially assisting with designing, implementing, testing and/or assessing controls as they relate to multiple versions of the Oracle Retail suite of applications--core financial modules, projects, industry specific modules and/or bolt-on products
- Understanding and interfacing on projects involving SDLC for implementations, configuration solutions
- Assisting management in the assessment of project risks and controls - Enhancing audit processes to further align to company strategy and risk
- Identifying key risks and controls, including knowledge of Sarbanes-Oxley, controls optimization, and configuration of controls around security, segregation of duties, and business processes
- Leveraging an end to end view of the IT ecosystem to drive efficiency and effectiveness
- Collaborating with project teams in developing business requirements and business controls in implementations
- Corporate Governance – Supporting clients through the documentation of board/committee terms of reference, evaluation of board and committee effectiveness, providing training to boards and audit committees
- Best practice reviews - reviewing systems and/or processes with a focus on using the firm's knowledge and experience to recommend improvements and/or changes in the client's methods
- Regulation or legislation driven reviews – reviewing processes to give clients assurance that they are in a position to meet the requirements of any new legislation, government regulation or guidance
Qualifications for risk & controls
- Solid interpersonal skills - ability to work and communicate at all levels
- Investment banking experience or experience working in a legal/regulated environment is strongly preferred
- Act as liaison with external parties in case of forensic investigations lead special investigations resulting from speak-up cases
- Ability to work independently contributor to the team
- Works is performed under general direction
- Ongoing Review and update of TDS Logical Access and End User Computing Frameworks to ensure continued alignment with Enterprise Standards
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Risk & Controls Job Description
Job Description Example
Our innovative and growing company is looking for a risk & controls. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk & controls
- Supports the identification and reporting of Key Risk Indicators (KRI) and Internal Loss monitoring associated with the Operations processes
- Supports the tracking and management of remediation status for internally and externally identified issues
- Leads the Operations Risk and Control Analyst team who support each of the functional areas within Operations
- The consistent implementation of ESMCP risk management practices in compliance with the Home Office policies and strategies
- Supporting the cost and schedule risk analyses process, as required in accordance with the established guidelines
- Organising and facilitating risk workshops to ensure common understanding and implementation of the risk management systems
- Maintaining a Risk Register, identifying and logging risks via an active risk management system
- Ensuring risks are categorised by type, source and impact, and assigned a Risk Owner responsible for managing the response and monitoring status of the risk and response actions
- Supporting driving consistency and ensuring the maintenance of other supplier Risk Registers
- Supporting the identification of common or programme level risks plus the identification of risks to be escalated to programme or business level
Qualifications for risk & controls
- Leading team of 3-5 individuals that support TDS by carrying out ongoing governance functions including risk management for End User Computing Applications, Maintaining role based access documentation for various Business Applications, and running processes to confirm user access to applications
- Working with key stakeholders in TRMIS, ORM, Technology, Operations, Capital Markets Risk Management and Trading Business Management to determine changes needed to TDS Frameworks to maintain sustainable compliance to TRMIS requirements and to build the toxic combination matrix
- Ensuring the TDS Frameworks are updated and submitted for approval by the TDS Oversight Committee on an annual basis
- Apply risk expertise to guide team in providing review and challenge for the risk assessments that are completed by the business for access to business applications and End User Computing tools
- Lead, coach and develop a diverse work-force, ensuring performance management practices are implemented and followed to achieve results and professional / personal development objectives
- Support an environment where team freely escalates performance and production challenges and be the team's escalation point
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Risk & Controls Job Description
Job Description Example
Our company is looking to fill the role of risk & controls. 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 & controls
- Submitting the Risk Register to the Authority, as part of their monthly reporting cycle, or on request by the Authority, which will be reviewed at the monthly meetings, as detailed in Schedule 8.1 (Governance)
- Partner with Process Owners and Operations Leadership to ensure effective business controls are established and maintained
- Perform proactive, very detailed Control reviews for sufficiency and documentation
- Participate in the design and execution of SLQ2CQ program and process level improvement initiatives
- Provide monthly status/input/updates for risk reporting to Senior Leadership
- Represent the Auto Finance Business Risk Office on working teams for enterprise-wide risk management programs and initiatives
- Serve as a COAF SLQ2CQ champion by identifying, recognizing/celebrating, and communicating system and people successes
- Provide up-to-date I&T risk posture at both aggregated and individual risk type level to the Chief Risk Officer – IT, the respective risk committees and forums as needed
- Act as the senior point of contact to assist and respond to questions from key stakeholders throughout the risk treatment lifecycle
- Assist CAS Leadership team with logistical support such as organizing team lunches/special events, team room organization, off-site storage
Qualifications for risk & controls
- Produce control program MIS and create presentations for different Asia and global stakeholders
- Assist in managing applications used for implementing Control processes (RADAR, Share Point)
- Assist in tracking and reporting regulatory breaches / open issues
- Assist in conducting deep dives and trouble shooting in to regulatory reporting issues
- Assist global Controls lead in defining and implementing controls framework for strategic Regulatory Reporting Platform (xODS)
- Spoken fluency in one or two Asian languages (Chinese and /or Japanese)
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Risk & Controls Job Description
Job Description Example
Our company is searching for experienced candidates for the position of risk & controls. 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 & controls
- Compile the required documentation that supports our overall internal controls for financial reporting
- Assist with planning the annual process of evaluating the effectiveness of our key internal controls over financial transactions
- Provide advice and counsel to Field and Corporate Functions regarding governance and policy interpretation and internal control requirements
- Provide insights and identify trends in effectiveness of policy and controls through the analysis of RFA exemption process metrics and audit results
- Coordinate the submission, compilation and analysis and final approval recommendation of the Company’s engagement of Ernst & Young in non-audit service activity
- Facilitate UAT of new models and model changes
- Monitoring status of audit and testing activities and providing updates to divisional leadership, facilitating interactions with auditors and testers as needed
- Tracking and driving the closure of key actions arising from Risk Events, Audits, Compliance Monitoring & Testing Reviews and NAPA
- Assist with annual schedule and planning related to audit reviews
- Coordinator of Training related to risk and audit for Brokerage Operations/Clearing Associates
Qualifications for risk & controls
- 3-5 years of IT audit, risk & controls related experience
- Previous experience of working within in governance, risk and compliance role preferred
- Working knowledge of methods used to perform risk analysis, risk assessments, control assessments and audit management
- Working knowledge of risk and control frameworks and process improvement models a plus
- Experience in business process modeling techniques, including documenting process flows, narratives, presentations
- A minimum of 3 years of people management/leadership roles
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Risk & Controls Job Description
Job Description Example
Our innovative and growing company is hiring for a risk & controls. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk & controls
- The ability to articulate Operational risks within complex processes
- A Degree in Business, Finance or Accounting is preferred but not essential
- Prepare RSD’s Operational Risk Committee reporting, , gather and synthesize operational risk information including key risk indicators (KRIs), loss events, review results, and remediation efforts
- Sr SOX specialist and ITRC Supplier Management Sr Specialist
- RSM, E&Y, KPMG, SunGard & Fiserv
- Effectively manage completion of risk and control design and build activities for projects varying in scope, complexity, and effort
- Build strong partnerships with key business leaders to define and implement optimal control practices
- Effectively perform performance of end-to-end business process risk assessment and communication of business requirements to manage risk, maximize functionality and ensure financial integrity with the new technology solution
- Ensure solutions are compliant with Sarbanes Oxley and other regulatory requirements
- Proficient knowledge of all product solutions across the Health, Wealth and Career verticals globally
Qualifications for risk & controls
- MBA and professional certification
- An strong understanding of control frameworks such as Cobit, NIST, COSO, RISK-IT and FFIEC requirements, , bank regulations and guidance
- SLQ2CQ experience, Six Sigma, or LEAN certification
- Ability to identify risks and controls within Deposit and Retail Bank business processes
- Analyze internal BRIC processes to ensure efficient and effective monitoring of business processes
- Execute Control Design Reviews to ensure efficient and effective controls are implemented to mitigate inherent risks