Risk & Controls Analyst

Role & responsibilities

Risk and Controls Analyst Job Description

Job Title: Risk and Controls Analyst Location: India

Job Summary: The Risk Analyst is responsible for supporting the organization in identifying, assessing, and mitigating risks. The Risk Analyst will be responsible for assessing, monitoring, and enhancing the internal control environment to ensure that the organization effectively mitigates risks related to its operations, financial reporting, and compliance. This role involves evaluating existing controls, recommending improvements.

Key Responsibilities:

• Controls Rationalisation: Assist in the identification and evaluation of risks across the organization. Analyze potential risks and their impact on business operations.
• Controls Documentation: Maintain accurate and up-to-date documentation of Control attributes and Control Test Scripts.
• Data Analysis: Collect, analyze, and interpret data related to risk factors. Use statistical methods and software tools to identify trends and assess the likelihood and impact of risks.
• Collaboration: Work closely with other departments, including Finance, Legal, Compliance, and Operations, to gather information, assess risks, and implement mitigation strategies.
• Continuous Improvement: Stay informed about industry trends, emerging risks, and new risk management techniques. Contribute ideas for improving the organizations risk management framework and processes.

Skills and qualifications:

Essential

• 2-4 years of experience in risk analysis, risk management, or a related field.
• Understanding of Controls and Controls Self Assessment
• Experience in conducting Control rationalisation and simplification
• Strong analytical skills, with the ability to interpret data and identify trends.
• Excellent communication and interpersonal skills, with the ability to work collaboratively with different teams.
• Strong attention to detail and organizational skills.
• Ability to work under pressure and manage multiple tasks simultaneously.

Preferred

• Bachelors degree in Risk Management, Finance, Economics, Business Administration, or a related field.
• Familiarity with risk management frameworks, methodologies, and regulatory requirements.
• Proficiency in data analysis and risk management software.
• Professional certifications such as Certified Risk Analyst (CRA) or related certifications are a plus.