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Enterprise Risk Analyst


, North West Full time Posted On 11.15.2019 Employer

Description


JOB Summary
Safeguard the organisation and its reputation, customers, assets, and the interests of stakeholders by providing support to the Group Risk Department as part of the second line of defence through the identification, assessment, monitoring, and reporting of strategic, operational and financial risk on a timely basis.
 
ESSENTIAL DUTIES AND RESPONSIBILITIES
 
  • Assist in developing, administering, and maintaining the Enterprise Risk Management framework for the Group. This function requires but is not limited to the following:
  1. Conduct strategic risk analysis of the Top 10 risks facing each entity within the Group on an annual basis; prepare reports/heatmaps and presentations;
  2. Assist Risk Owners with the identification of key risk indicators in their business units;
  3. Conduct process level risk reviews of Group procedures to identify all process level risks and controls as well as prepare action plans to address any gaps in the mitigating measures identified;
  4. Update Risks and Controls as necessary as processes or the environment changes;
  5. Compile files for upload to the risk software; liaise with the software Administrator accordingly;
  6. Conduct Risk & Control Assessments at least annually, liaise with Risk Owners as required and prepare summary reports;
  7. Prepare Operational Risk reports, which analyse and assess the operational risk profile of the Group.
  • Train risk owners in the identification and analysis of risks and in the use of the company’s risk assessment tools.
  • Assist in creating a more risk aware culture within the Group through various initiatives/media.
  • Perform a risk advisory role on assigned projects to ensure all relevant project risks and controls are considered/captured.
  • Implement the ERM policy and procedures in line with regulatory and market changes; and ensure it is up to date and reflects best practice
  • Assist, when necessary with Financial Risk Reporting by:
  1. Maintaining Templates and Models for quarterly reports (Credit, Liquidity, Interest Rate and Foreign Exchange) as well as the Segregated Funds and the Mutual Funds.
  2. Preparing draft Financial Risk reports for Manager’s review;
  3. For our larger unrated credit exposures (Corporates, Sovereigns and Financial Institutions), obtaining financial information at least annually to update the relevant internal Company Scorecards;
  4. Monitoring ratings for externally rated Sovereigns, Corporates and Financial Institutions on an ongoing basis;
  5. Ensuring the Master Parent Listing file is updated with most recent ratings on a quarterly basis;
  6. Continuously monitoring economic and financial reports in areas of interest and maintaining information in appropriate files, bringing key issues to the department’s attention;
  • Assist with Independent Risk Assessments of Credit Proposals, as required;
  • Continuously monitor and review changes in the external environment;
  • Keep abreast of changes in accounting practices, risk management practices or standards, government/tax regulations and other factors as they relate to the insurance industry.
  • Perform any other related duties and handle special projects, as may be requested by management.

Progressive Recruitment Specialists

www.progressivett.com
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Overview


Progressive Recruitment Specialists
col-narrow-left   

Job ID:

73084

Title:

Enterprise Risk Analyst

Location:

, North West

Category:

Accounting, Finance, Insurance

Salary:

col-narrow-right   

Employment Type:

Full time

Posted:

11.15.2019


Tags


Accounting-Finance : Financial Control, Corporate Finance, Credit Review-Analysis, Financial Analysis-Research-Reporting, Financial Planning-Advising, General-Other: Accounting-Finance, Investment Management, Risk Management-Compliance


Job Requirements


Education/Experience:
  • Bachelor’s Degree in Economics, Finance, Business Administration, Accounting or related professional qualification (ACCA, CIA, CRMA etc.).
  • Master’s Degree would be an asset.
  • Professional Risk Management qualification would be an asset (PRMIA, FRM, GARP)
  • Minimum of 3-5 years of experience in Risk Management, Internal Auditing, Accounting, Process Analysis and Improvement, or Operational Management
  • Good understanding of the operations of an Insurance company or Financial Services company
  • Experience identifying, documenting, and evaluating risks and controls relating to operations, financial reporting, and compliance processes and objectives preferred
  • Experience reviewing and understanding policies, procedures and regulations preferred
  • Experience with risk reporting and risk metrics preferred
  • Experience using a risk management software preferred

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