Risk Director Job Description
Risk director
provides testing and assurance on existing IT risk and controls in line with regulatory and internal requirements.
Risk Director Duties & Responsibilities
To write an effective risk director job description, begin by listing detailed duties, responsibilities and expectations. We have included risk director job description templates that you can modify and use.
Sample responsibilities for this position include:
Acts as liaison with Technology and Business Solutions and business group and participates in applicable executive management meetings to keep current with plans, projects and associated risks
Direct and manage the design, implementation and on-going maintenance of the departmental technology infrastructure and capabilities such as access to applications, including education, protocols, reports
The team works in partnership with other MD/VP’s Credit Risk to ensure risk resources (people and infrastructure) best support the lines of business
Proactively manage the market, credit and regulatory risks
Works closely with the business on the risk aspects of any new transaction under consideration and provides direction and guidance as required to ensure the eventual deal structure adequately mitigates key risk concerns
Reviews, approves or recommends Single Name Limits, Transaction Requests and exceptions to applicable policies and guidelines within agreed timelines and/or turn-around benchmarks, and suggests enhancements
Ensures appropriate regulatory guidance/policy is being addressed and followed
Excels at risk reward trade off
Aligns enterprise capabilities and leverages team to drive performance
Displays personal courage – willing to make tough business and people decisions
Risk Director Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Risk Director
List any licenses or certifications required by the position: GIAC, ENCE, CFCE, IR, CREST, CISSP, CISM, CRISC, CISA, ICAO
Education for Risk Director
Typically a job would require a certain level of education.
Employers hiring for the risk director 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, Management, Accounting, Economics, Engineering, Education, Mathematics, Statistics, MBA
Skills for Risk Director
Desired skills for risk director include:
Key processes
Regulatory requirements
CRE market conditions
Controls and exposure areas
Products and operations
Internal controls and risk assessment
Current regulatory impact and expectations on technology per Sarbanes Oxley
Gramm-Leach Bliley Act
RESPA
Regulations affecting the Credit Card industry
Desired experience for risk director includes:
Ability to collaborate across Russell's full set of global businesses
Ability to collaborate within the group, using colleagues as service providers rather than creating silos
Ability to be effective in the remediation of key risks
Strong ability to manage and develop employees
Work as part of a team delivering controls advisory and internal audit projects, having the ability to lead teams and manage members of staff
Familiarity with Bloomberg/Reuters/Excel/Intex/Murex/et
Risk Director Examples
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Risk Director Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of risk director. 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 director
- Work closely with product managers and engineering teams in building more robust risk decision infrastructure, deploying models and risk decision strategies, enhancing system, trouble-shooting issues
- Work closely with key divisions responsible for federated control management in the development and maintenance of such compliance items while ensuring compliance with all company, regulatory and legal requirements
- Recommend enhancements and changes to existing policies, controls, and standards based upon the evolving operating and threat landscape
- Understand computer and datacenter technologies within an enterprise environment
- Work closely with Aon Energy US colleagues support the placement of their client’s insurance programs on the international insurance market
- Deliver other services as required by clients project reviews, liability studies, training seminars/workshops
- Lead project teams to deliver exceptional client service across a variety of risk and compliance solution offerings
- Lead engagement discussions and serve as advisor to the client executives, audit committees and board of directors
- Identify, design and implement creative business solutions to continually improve the firm’s services, capabilities and solution methodology and approach
- Serve as a trusted business advisor managing client relationships and business development opportunities
Qualifications for risk director
- ORelated risk frameworks (credit, market, ) and risk management practices
- Other designations considered an asset
- The ideal candidate has sound experience in Global marketing business for at least 10 years
- 8-12 years of legal/ compliance experience with international investment managers or financial services companies
- Excellent understanding of the regulatory environment in China
- Leading and managing staff in an operation capacity
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Risk Director Job Description
Job Description Example
Our company is growing rapidly and is looking for a risk director. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk director
- Maintain a high level of understanding of applicable Regulatory regulations (FDA and ICH guidances, GCP regulations
- Coordination of internal REMS activities, ensuring that all key functions outside of PPS (Medical Affairs, Commercial, Information Technology, Finance, Regulatory Sciences)are participating in the effort to develop and execute cogent REMS strategies
- Responsible for proactively communicating new or updated risk management plans and associated PV requirements to key partners in Medical Affairs and Commercial within the US and Puerto Rico territories
- Participate in the discussion and decisions regarding development of risk management activities and use of tools to support risk management
- Works collaboratively with Medical Affairs colleagues to develop local implementation plans, ensuring that these plans are consistent with the core risk management strategy for the specific product
- Monitors compliance and generates periodic metrics to demonstrate implementation status or risk minimization activities locally
- Work with colleagues in Safety Science (PST Lead, Epidemiology, Benefit-Risk Management) in the design of effectiveness studies for product’s requiring those scientific efforts
- Collaborates with colleagues in the Office of the QPPV (Risk Management Specialist, Affiliate Safety Excellence staff) on matters related to implementation of risk management strategies
- Supports risk management aspects of new product launches and new indication launches for existing products
- Supports audit and inspection readiness activities
Qualifications for risk director
- Delivering Risk training to non-Risk staff
- Displaying a professional work approach, work independently, be highly visible and provide transparency of process to clients and the team
- Oversight for the Market Risks particularly in relation to Traded Market Risk for Local Markets China including VaR, Stress Testing and Detailed Control Limits associated with these portfolios
- Ensure all key risk measures are appropriate, timely and calculated accurately with any issues investigated and escalated
- Accurate quantification of Market Risk Capital, ensuring inputs into Capital calculations are well understood
- Responsible for calling out issues relating to Local Markets China valuation framework (curves, liquidity, observability
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Risk Director Job Description
Job Description Example
Our company is growing rapidly and is hiring for a risk director. 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 director
- Participate to select Risk committees to ensure quarterly elevation of risks to Corporate Risk
- Manages the processes in place for planning and executing business continuity responses
- Identifies metrics and key performance indicators to enable the measurement of third party risk and control performance in meeting business objectives
- Identifies potential and emerging threats and vulnerabilities, and assembles risk scenarios to estimate the likelihood and impact of significant events to the bank
- Responsible for driving the FHP culture through values and customer service standards
- OData mining strategies for members covered under risk-based models
- ODeveloping organization-wide data collection methodology and an effective HCC/RAF coding program
- OStandardization of HCC/RAF workflows, including monitoring and improvement of error rates and timely submission
- OPlans to ensure successful completion of internal/external risk-adjustment data validations (for RADV Audit)
- OTraining program for network providers and staff to ensure valid HCC documentation
Qualifications for risk director
- Relevant professional qualification ( CISA, CISSP, CISM)
- To implementation of consistent and best practice operational risk management standards including operational risk assessments and loss event management and control
- To ensure effective risk and control oversight of all major projects undertaken by China
- Femonstrating ability to value-add in strategic decision-making processes and winning business confidence to be invited to do so
- To determine and implement appropriate internal control framework including ensuring quarterly sign-off by process owners and provision of attestations to stakeholders as required
- Strong capability to build a quantitative risk capability
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Risk Director Job Description
Job Description Example
Our company is growing rapidly and is hiring for a risk director. 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 director
- Leads in the preparation of the insurance budget and premium allocations for the enterprise
- Analyzes insurance needs and secures optimum coverage for the organization
- Request and review certificates of insurance
- Reviews insurance section of contracts
- Assists in the evaluation of insurance programs in connection with new operations and/or M&A and develops plans to provide for or integrate the insurance policies
- Acts as the primary interface with insurance carriers and internal Corporate groups
- Oversee TPA handling of workers’ compensation claims, and perform periodic review/reconciliation of claims
- Supervise activities of the captive insurance company, and monitor captive insurance company budget
- Manage broker relationships
- Contractual reviews for insurance compliance and recommendations
Qualifications for risk director
- Demonstrated strong leadership, planning and managerial abilities
- Minimum of 8-10 years’ experience in risk management or a related field with some direct enterprise or operational risk experience
- In-depth understanding of Enterprise Risk Management principles
- Ability to work in a matrix environment and drive strategic initiatives across operations organization
- 10+ years experience in banking/financial services industry, knowledgeable in regulations enterprise risk management and/or audit assurance related expertise
- At least 4 years of risk management experience in an Agile and DevOps environment
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Risk Director Job Description
Job Description Example
Our growing company is looking to fill the role of risk director. 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 director
- Back up and support other Treasury functions as needed
- Monitor and analyze control self- assessment activities within the Firm's lines of business and functional areas and report results to the Firm's Enterprise Risk Council
- Coordinate the Firm's Enterprise Risk Council meetings and ensure alignment with organizational objectives
- Reporting to a Risk Management Officer, oversees a department and management personnel that monitors and analyzes operational risk for the firm
- Designs and develops complex quantitative/analytic models to identify significant risk exposures, establishes tolerance levels, and communicates the effects of strategic plans on the firm’s risk level
- Proposes, evaluates and implements risk reporting process improvements to increase efficiency and effectiveness
- Communicates and accurately represents the risk profile of the business to business risk officers, planning officers, and other key data owners
- Prepares and may present presentations to senior management and the board
- Identifies, locates and provides needed training and resources
- Partners with market and credit risk management to control the organization’s overall risk exposure
Qualifications for risk director
- M.B.A., CMA, CFA or CA designation preferred combined with 5-7 years of progressive credit risk experience or related equivalent experience
- Bachelor’s degree minimum, MBA or relevant certification
- Minimum of five (5) years’ work experience, preferably in Financial Services industry, including management experience
- Understanding of insurance, financial, and I/T risk management and mitigation controls
- Ability to act independently and proactively
- Superior communication, negotiation and presentation skills