Banking Risk Management Specialist (Compliance, Assessment, Controls)

We are looking for experienced Risk Management Specialists to help assess, identify, and mitigate risks across various banking operations. These professionals will be responsible for conducting a thorough risk evaluation in areas such as customer base, geographical risks, product/services assessments, and international transactions, with a focus on banking operations, compliance, and internal controls. The specialists will work onsite over a 2-3 month period to identify risks related to financial crime, regulatory compliance, and operational vulnerabilities.

• Analyze and assess the bank’s customer demographics to identify high-risk customers and sectors.
• Review the customer profiles, their transaction patterns, and historical data to identify vulnerabilities in terms of regulatory compliance and potential risks.

• Evaluate and assess the inherent risks in the geographical regions where the bank operates.
• Focus on analyzing political, economic, and regulatory risks specific to each region and their impact on banking operations.

• Assess the bank’s products and services to identify those that may present higher risks in terms of compliance and potential misuse (fraud, money laundering).
• Conduct an analysis of product offerings to ensure adherence to regulatory guidelines and mitigate compliance risks.

• Analyze the bank’s international transactions (both incoming and outgoing) to identify cross-border risk exposure.
• Ensure that transactions comply with international sanctions, anti-money laundering (AML), and Know Your Customer (KYC) requirements.

• Conduct a country risk analysis to assess the political stability, regulatory environment, and the potential for financial crime in the countries where the bank operates.
• Identify high-risk countries and offer recommendations to manage those risks.

• Identify inherent risks across all key areas (customer base, geographical risks, products/services, transactions).
• Outline potential areas of weakness and risk exposure within the bank’s operations.

• Evaluate the bank’s internal controls and assess their effectiveness in mitigating identified risks.
• Recommend improvements to current controls to address any gaps identified during the assessment process.

• Assess residual risks after controls are applied, ensuring that the mitigation strategies are effectively addressing the identified risks.
• Provide clear recommendations for managing any residual risks in the system.

• Compile key findings from the assessment process, including identified vulnerabilities and risks.
• Provide comprehensive recommendations for improving risk management frameworks, controls, and processes across banking operations.

• 5-10 years of experience in banking risk management, compliance, or internal controls with a focus on operational risks, regulatory compliance, and risk mitigation.
• Deep understanding of regulatory frameworks related to banking, such as AML, KYC, sanctions compliance, and financial crime prevention.
• Strong experience in risk identification, control assessments, and residual risk evaluations in banking operations.
• Experience with cross-border risk analysis, particularly for international transactions and geographical risk assessments.
• Strong ability to evaluate the risk exposure of banking products and services, ensuring compliance with regulations and best practices.
• Expertise in identifying financial crime risks and ensuring compliance with local and international laws.
• Familiarity with risk management frameworks such as COSO, ISO 31000, and Basel II/III.
• Strong analytical skills, with the ability to prepare detailed reports, findings, and risk mitigation plans.

• Bachelor’s Degree in Risk Management, Banking and Finance, Business Administration, Law, or related fields.
• Professional Certifications (such as FRM, CRM, or CAMS) in risk management or compliance are preferred.