Queens Branch - FLU Risk Manager Associate

FLU Risk Manager

The FLU Risk Manager is responsible for executing the risk management processes and manages the risks within its department, including but not limited to conducting risk assessments, testing the controls, identifying and reporting risks and issues, and monitoring the department's adherence to risk management policies and procedures.

Risk Management Responsibilities

• Implement, or coordinate with relevant FLU teams on the implementation of the RGF and risk management policies and procedures within FLU as well as enforcing relevant controls (e.g. Clean Desk check)
• Create and maintain FLU procedures pertaining to FLU Risk Managers' responsibilities
• Provide inputs / feedback to IRM risk management policies and procedures
• Monitor FLU adherence to IRM standards and requirements
• Propose addition, modification and removal of KRIs and thresholds during annual review and off-cycle adjustment and facilitate the approval process
• Monitor, maintain and report KRIs owned by FLU according to the governance requirements in the KRI Procedure
• Identify and escalate KRI warning line and limit breaches according to the KRI Procedure
• Produce FLU risk reporting for applicable risk areas, and report to Senior Management, IRM and risk committees as appropriate
• Identify existing and emerging risks potentially impacting the FLUs if any
• Identify incidents and issues and report to respective IRM
• Remediate issue or monitor issue remediation according to action plan, validate issue closure documentation for FLU owned business identified issues
• Conduct risk assessments pertaining to the respective risk areas (e.g. ERA, RCSA)
• Maintain a control inventory, process mapping and other documentations as applicable
• Develop control testing plan
• Conduct control testing, report results, monitor control issue remediation as applicable and validate issue closure documentation
• Attend risk management related training
• Identify risk management training needs for FLUs
• Review the application security requirements, and conduct security control testing on processes, systems, and applications as applicable
• Assist ORD in conducting security monitoring investigation as needed
• Coordinate risk management related requests from internal / external audit, Head Office and regulators within FLU

Other Departmental Responsibilities

Qualifications

Pay Range

Actual salary is commensurate with candidate's relevant years of experience, skillset, education and other qualifications.

USD $42,000.00 - USD $90,000.00 / Yr.