Risk Manager
1 day ago
Job Description:
A risk manager in a bank is responsible for identifying, evaluating, and managing risks to ensure that the bank operates within acceptable limits and meets regulatory requirements. Their role includes:
Risk assessment
Analyzing risks, identifying and describing them, and estimating their impact on the business
Risk evaluation
Comparing estimated risks to the bank's criteria, such as legal requirements, costs, and environmental factors
Risk appetite
Establishing the level of risk the bank is willing to accept
Risk reporting
Communicating risk to different audiences, such as the board of directors, business heads, and individuals
Risk management processes
Designing, implementing, and reviewing risk management processes to ensure compliance with regulations
Risk mitigation
Developing contingency plans, purchasing insurance, and implementing health and safety measures to limit risks
Risk oversight
Providing independent oversight to ensure risk-taking activities are aligned with the bank's risk appetite
Collaboration
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