The risk officer is responsible for overseeing the development and implementation of risk policies and procedures in an organization, coordinating across all business lines to assist in the identification, monitoring, and reporting of risks taken throughout the institution.

The risk officer is responsible for overseeing the development and implementation of risk policies and procedures in an organization, coordinating across all business lines to assist in the identification, monitoring, and reporting of risks taken throughout the institution.

• Consult with relevant units to determine, quantify, and mitigate risks involved in
  establishing and maintaining various client and industry relationships.

• Identify and manage risks to the organization, its employees, stakeholders, assets, and operations and develop ERM strategies, objectives and policies that will establish the framework, tools and procedures to achieve successful risk identification and management within best practice standards.
  

• Responsible for assessing metrics and monitoring procedures the organization has set to police transactional risks.
  

• Lead annual risk assessments with key business units to assess, quantify, aggregate and capture mitigation strategies for exposures resulting in a risk profile.
  

• Participate in risk committees and provide credible challenge to information or decisions at hand.
  

• Maintain an ERM Policy consistent with regulatory expectations and communicate throughout the organization.
  

• Responsible for granting authorizations, line increase and decreases, payment floats, and account closures.
  

• Responsible for the maintenance of customer credit history database.
  

• Track the performance of portfolios across customer lifecycle.
  

• Consult with management to provide assistance in corporate planning.
  

• Utilize analytical techniques and statistical analysis to develop and optimize credit risk strategies for portfolios to meet pre-defined goals.
  

• Apply segmentation techniques using generic and custom risk scorecards and attributes to build credit risk strategies for underwriting, line assignment, and account management.
  

• Maintenance of documentation and records of activity in accordance with company practices.
  

• Completing timesheets or other required records that enable effective billing and costing.
  

• Understanding and complying with all Company policies, processes, and procedures, including those for Information Security and Performance Management.
  

• Participating in meetings and performing other duties as assigned by management.
  

• Ensure strategies are within the company’s Risk Appetite and satisfy pre-defined profitability hurdles.
  

• Responsible for integrating new data sources and solutions into credit risk strategies.
  

• Perform tracking and reporting on strategy implementations and validating post implementation.
  

• Proactively seek and recommend enhancements to processes and development.
  

• Responsible for developing programs for tracking expected versus actual behavioral and performance measures for appropriate portfolios, populations, and segmentation end-nodes.
  

• Engage and develop effective working relationships to support cooperative responses to risk management matters and issues.
  

• Provide guidance and training to promote risk control awareness, ownership, and accountability.
  

• Oversee and monitor the operational risk management activities of the organization.
  

• Responsible for developing new quantitatively driven strategies and pilot programs across the customer lifecycle.
  

• Working as part of a distributed team.