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Risk Manager Jobs in Puerto Rico (NOW HIRING)

PR · On-site

DOE Job Overview The Financial Controller and Operational Risk Manager of Advantage International Bank Corp. (AIBC) is a senior officer responsible for providing independent oversight of AIBCs ...

Senior Specialist, Quality Risk & Governance

Juncos, PR · On-site +1

$80K - $110K/yr

Quality Risk Management (60%) In this role, you will support the development, execution, and continuous improvement of enterprise GxP Quality Risk Management programs and processes across multiple ...

PR · On-site

... risk management, safety, and compliance requirements, including HazComm, MSDS, emergency response procedures, and key control protocols. • Working knowledge of property management systems (PMS ...

PR · On-site

... risk management, safety, and compliance requirements, including HazComm, MSDS, emergency response procedures, and key control protocols. • Working knowledge of property management systems (PMS ...

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Risk Manager information

What are the key skills and qualifications needed to thrive as a Risk Manager, and why are they important?

To thrive as a Risk Manager, you need expertise in risk assessment, analytical thinking, and a relevant degree such as in finance, business, or risk management, often supported by certifications like CRM or FRM. Familiarity with risk management software, data analysis tools, and compliance systems is typically required. Strong communication, problem-solving skills, and attention to detail help Risk Managers effectively collaborate with stakeholders and navigate complex scenarios. These competencies are crucial for identifying, evaluating, and mitigating organizational risks to safeguard assets and ensure regulatory compliance.

What Is a Risk Manager?

A risk manager is responsible for the strategic planning and financial forecasting for clients. They assess and identify risks that may detrimentally affect the safety, finances, or reputation of their employer. Risk managers monitor the market, research trends, and analyze statistics to create detailed recommendations on whether or not to move forward with an idea or product. Worldwide price changes and currency values also play a role in the risk manager’s evaluation.

What does a Risk Manager do?

A Risk Manager is responsible for identifying, assessing, and prioritizing risks that could impact an organization's financial performance, reputation, or operations. They develop strategies and policies to minimize potential losses and ensure compliance with relevant regulations. Risk Managers work across various departments to implement risk mitigation plans and regularly review their effectiveness. Their goal is to help the organization avoid or manage threats while maximizing opportunities.

What is the difference between Risk Manager vs Risk Analyst?

AspectRisk Manager

Required CredentialsTypically requires a bachelor’s degree in finance, business, or related field; certifications like CRM or FRM are common.
Work EnvironmentLeads risk assessment strategies, collaborates with senior management, and oversees risk mitigation efforts.
Employer & Industry UsageEmployed across finance, insurance, and corporate sectors to manage organizational risk.

Risk Managers focus on developing and implementing risk management strategies, overseeing risk policies, and making high-level decisions. In contrast, Risk Analysts primarily analyze data to identify potential risks and support Risk Managers in decision-making. Both roles require similar credentials but differ in scope and responsibility within organizations.

How much does a risk manager get paid?

The average salary for a risk manager typically ranges from $70,000 to $130,000 annually, depending on experience, industry, and location. Senior risk managers or those with specialized certifications like FRM or CRM can earn higher salaries, and the role often involves analyzing data and implementing risk mitigation strategies.

How does a Risk Manager typically collaborate with other departments to identify and mitigate risks?

Risk Managers frequently work cross-functionally with departments such as finance, operations, legal, and IT to identify potential risks and develop mitigation strategies. Regular meetings, risk assessment workshops, and communication channels are established to ensure that all relevant parties are aware of emerging risks and compliance requirements. This collaborative approach helps foster a risk-aware culture across the organization and ensures that risk mitigation plans are practical and aligned with business objectives.

Do risk managers make good money?

Risk managers typically earn competitive salaries that vary based on experience, industry, and location. According to industry data, median annual pay ranges from $70,000 to over $120,000, with higher earnings possible for those with certifications like FRM or CRM and advanced skills in data analysis and risk assessment.

What do you do as a risk manager?

A risk manager identifies, assesses, and prioritizes potential risks that could affect an organization’s operations, finances, or reputation. They develop strategies to mitigate or manage these risks, often using tools like risk assessments and data analysis, and may hold certifications such as CRM or FRM. Their work involves continuous monitoring and communication with stakeholders to ensure risk controls are effective.

What are the duties of a risk manager?

A risk manager is responsible for identifying, assessing, and prioritizing potential risks that could impact an organization. They develop strategies to mitigate or manage these risks, often using tools like risk assessments and data analysis, and ensure compliance with relevant regulations. Risk managers also monitor risk exposure and communicate findings to stakeholders to support informed decision-making.
What cities in Puerto Rico are hiring for Risk Manager jobs? Cities in Puerto Rico with the most Risk Manager job openings:

Financial Controller and Operational Risk Manager - Advantage Bank

Advantage Life Insurance

PR • On-site

Full-time

Posted 3 days ago


Job description

Salary: DOE

Job Overview

The Financial Controller and Operational Risk Manager of Advantage International Bank Corp. (AIBC) is a senior officer responsible for providing independent oversight of AIBCs financial accounting and reporting functions and operational risk management (ORM) framework. This role ensures that AIBC operates in a safe and sound manner, maintains accurate and compliant financial reporting, and adheres to all applicable Puerto Rico (OCIF) and U.S. federal regulatory requirements, including GAAP and Call Report standards and is primary management liaison with OCIF.

Job Responsibilities

Financial Controller

  • Serves as senior authority on GAAP accounting and financial reporting of the AIBC.
  • Oversees preparation of financial statements and timely submission of all regulatory filings and OCIF Call Reports.
  • Responsible for the direct control of all accounting, financial analysis, and financial reporting of the AIBC.
  • Review daily and monthly accounting activities required to maintain the general ledger.
  • Responsible for the month-end, quarter-end, and year-end closing processes, including the review of general ledger postings.
  • Responsible for the operational activity, including Accounts Payable, Accounts Receivable, revenue recognition, bank reconciliations, and Management Financial Statements preparation.
  • Monitoring of and ensuring adherence to all external guidelines, policies, regulations, and laws related to the accounting function of the AIBC.
  • Liaise with external auditors and regulatory examiners.
  • Preparation of Management Reports for Board of Director meetings.
  • Oversee AIBC's liquidity position and capital adequacy, providing daily or weekly reporting on the AIBCs net financial position.
  • Direct the implementation and optimization of the AIBCs core accounting systems and internal controls over financial reporting.

Operational Risk Officer

  • Responsible for the management and implementation of AIBCs Operational Risk Management (ORM) framework. This includes establishing governance structures, fostering a risk-aware culture, and developing risk identification and assessment tools such as Risk and Control Self-Assessment (RCSA).
  • Responsible for the design and execution of risk monitoring and reporting policies, ensuring all activities necessary for the proactive management of operational risks are integrated into AIBC's daily operations.
  • Liaise with the Board of Directors to translate the Boards expectations into formal Risk Appetite and Tolerance Statements to be approved by the Board, incorporating this guidance into practical, executable policies and procedures.
  • Serve as the AIBCs primary liaison with external parties, including third-party auditors, consultants, and regulators (specifically OCIF), regarding Operational Risk Management issues and examination findings.
  • Manage AIBCs Incident Management and Loss Data Collection process, ensuring all operational failures or "near misses" are recorded, analyzed for root causes, and remediated.
  • Establish and track Key Risk Indicators (KRIs) to provide early warning signals to senior management before risk tolerances are breached.
  • Prepares and presents enterprise risk dashboards and reports to senior management and the Board.
  • Conduct "Deep Dive" reviews of new products or service launch to ensure all operational risks are identified and mitigated prior to implementation.
  • Promotes a strong risk culture across the institution.

Job Requirements

  • Bachelors degree in accounting, Finance, Business Administration, or related field.
  • Advanced degree such as a masters in business administration or a master in science in accounting is a plus
  • CPA certification strongly preferred.
  • Minimum 10 years of progressive experience in accounting, financial management, risk management, or regulatory oversight within FDIC regulated financial institution including at least 8 in a role with supervisory responsibilities and board level reporting.
  • Strong knowledge of GAAP, IFRS, Call Reports, OCIF regulations (including Legal Reserve reports), and U.S. federal banking requirements.
  • Strong experience at an advanced level in financial modeling in Excel. Microsoft Dynamics 365 experience is a plus
  • Fluent in both Spanish and English.