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Title
Text copied to clipboard!Risk Management Specialist
Description
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We are looking for a Risk Management Specialist to join our dynamic team. In this role, you will be responsible for identifying, evaluating, and prioritizing risks to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Our ideal candidate will have a keen eye for detail, exceptional analytical skills, and a deep understanding of risk assessment methodologies. You will work closely with various departments to ensure that they are in compliance with regulatory requirements and internal policies. By implementing effective risk management strategies and providing insights on potential risks, you will play a crucial role in protecting the company's assets, reputation, and sustainability. This position requires someone who can navigate complex situations, make informed decisions under pressure, and communicate effectively with stakeholders at all levels. If you are passionate about creating and maintaining a safe and secure business environment, we would like to meet you.
Responsibilities
Text copied to clipboard!- Identify and assess threats to the organization's financial well-being.
- Implement risk management controls and systems.
- Design and manage risk policies and procedures to mitigate risks.
- Conduct risk assessments, collecting and analyzing documentation, statistics, reports, and market trends.
- Establish risk management standards and frameworks.
- Collaborate with other departments to ensure compliance with regulations and internal policies.
- Prepare risk management and insurance budgets.
- Conduct policy and compliance audits, which will include liaising with internal and external auditors.
- Provide support, education, and training to staff to build risk awareness within the organization.
- Monitor and report on risks and the effectiveness of mitigation measures.
- Review any new major contracts or internal business proposals.
- Lead the identification and evaluation of the organization’s risk areas.
- Participate in or lead projects to mitigate risks.
- Advise on insurance coverage for protection against risk.
- Develop business continuity and disaster recovery plans.
- Facilitate and promote activities to foster risk management awareness within the organization.
- Report risks and propose solutions to stakeholders and senior management.
Requirements
Text copied to clipboard!- Bachelor’s degree in finance, economics, risk management, or a related field.
- Professional certification in risk management (e.g., CRM, FRM) is preferred.
- Proven experience as a Risk Manager or Risk Analyst.
- Strong knowledge of risk assessment tools and methodologies.
- Excellent analytical and problem-solving skills.
- Ability to handle complex information from various sources.
- Knowledge of legal requirements and controls (e.g., Anti-Money Laundering, or AML).
- Experience with auditing and reporting procedures.
- Familiarity with industry compliance standards and regulations.
- Strong communication and presentation skills.
- Proficient in MS Office and risk management software.
- Detail-oriented with the ability to multitask.
- Strong decision-making and leadership capabilities.
- Ability to work under pressure and meet deadlines.
- Experience in creating and implementing risk management strategies.
- Understanding of business continuity and disaster recovery planning.
- Ability to influence and engage with senior management.
Potential interview questions
Text copied to clipboard!- Can you describe a time when you identified and mitigated a significant risk?
- How do you stay informed about changes in risk management regulations?
- What risk management software tools are you familiar with?
- How would you handle a situation where senior management disagrees with your risk assessment?
- Can you explain the difference between qualitative and quantitative risk assessment methods?
- Describe a complex project you managed and how you dealt with the risks involved.
- How do you prioritize risks?
- What strategies do you use to promote risk management awareness within an organization?
- Can you discuss a time when you had to make a difficult decision regarding risk management without all the necessary information?
- How do you evaluate the effectiveness of risk management measures?