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Assistant Risk Manager Jobs in East Orange, NJ (NOW HIRING)

Junior Risk Manager

New York, NY · On-site

$125K/yr

  • Medical

  • Dental

  • Retirement

We are looking for a Junior Risk Manager to join our expanding discretionary team. This is a unique opportunity to help further develop Squarepoint's discretionary trading business worldwide. As a ...

Manager, Risk Management

Manhattan, NY · On-site

$125K - $160K/yr

Responsibilities The Construction Risk Manager will support the Company's risk management programs ... * Assist in the coding, processing and dissemination of invoices to business units and verify ...

Manager, Risk Management

Manhattan, NY · On-site

$125K - $160K/yr

Responsibilities The Construction Risk Manager will support the Company's risk management programs ... * Assist in the coding, processing and dissemination of invoices to business units and verify ...

Showing results 21-40

Assistant Risk Manager information

What are the key skills and qualifications needed to thrive as an assistant risk manager, and why are they important?

To thrive as an Assistant Risk Manager, you need strong analytical skills, attention to detail, and a degree in finance, business, or a related field. Familiarity with risk management software, data analysis tools like Excel, and relevant certifications such as ARM (Associate in Risk Management) are typically required. Excellent communication, problem-solving abilities, and teamwork help you effectively assess risks and collaborate with stakeholders. These skills ensure accurate risk identification, mitigation, and the safeguarding of organizational assets.

What does an assistant risk manager do?

An Assistant Risk Manager helps organizations identify, assess, and minimize potential risks that could affect their operations or financial stability. Their responsibilities typically include conducting risk assessments, analyzing data, assisting in the development of risk management policies, and helping to implement risk mitigation strategies. They work closely with other departments to ensure compliance with regulations and to support the overall risk management framework. This role often involves preparing reports, supporting insurance processes, and staying up to date on industry best practices to protect the organization from potential loss.

How does an assistant risk manager typically collaborate with other departments to identify and mitigate risks?

An Assistant Risk Manager frequently works cross-functionally, partnering with departments such as finance, operations, and compliance to identify potential risks and develop mitigation strategies. This role often involves gathering information from various teams, facilitating risk assessments, and ensuring that all departments understand and adhere to risk management policies. Collaboration may include regular meetings, joint projects, and providing training or support to help other teams recognize and address emerging risks. Strong communication and interpersonal skills are essential for building effective relationships and fostering a culture of risk awareness throughout the organization.

What are popular job titles related to Assistant Risk Manager jobs in East Orange, NJ?

For Assistant Risk Manager jobs in East Orange, NJ, the most frequently searched job titles are:

What job categories do people searching Assistant Risk Manager jobs in East Orange, NJ look for?

The top searched job categories for Assistant Risk Manager jobs in East Orange, NJ are:

What cities near East Orange, NJ are hiring for Assistant Risk Manager jobs?

Cities near East Orange, NJ with the most Assistant Risk Manager job openings:

$65K - $150K/yr

Full-time

Re-posted 24 days ago


Job description

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.


The FLU Risk Manager is responsible for executing the risk management processes and manages the risks within its department, including but are 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
    control s (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

  • Conduct and consolidate monthly business performance report for the Branch
  • Conduct research reports, business inquiries and other requests involving the Branch and submit to internal departments, domestic branches or Head Office upon request
  • Perform ad hoc assignment and reporting upon request
  • Assists to communicate with related department in creating marketing and advertisement material when needed
  • Assist in human resource duties involving the Branch including but not limited to employee hiring process, updating staff analysis

  • Bachelor’s degree in Business Administration, Finance, or Economics required. Master’s degree preferred
  • Minimum 4 years of Banking experience required for AVP level
  • Minimum 2 years of Risk Management, Compliance, Internal Control experience required for AVP level
  • Demonstrate knowledge in risk management processes and principles, regulatory and compliance, BSA/AML/OFAC, financial/Banking Industry, business line and process flow, due diligence process and audit knowledge

USD $65,000.00 - USD $150,000.00 /Yr.