Risk Management Assessment Team - Banking (3 Analysts)

We are looking for a highly skilled team of Risk Analysts to join our risk management team for a comprehensive risk assessment of our bank’s operations. Over the course of 2-3 months, the team will assess key areas of financial crime risks across customer demographics, geographical regions, international transactions, products and services, and internal controls. This is a critical project to identify, evaluate, and mitigate risks to ensure the bank’s continued compliance and protection from financial crime.

• Risk Analyst - Customer Base and Product Risk Evaluation
• Risk Analyst - Geographical and International Transactions Risk Assessment
• Risk Analyst - Control and Residual Risk Evaluation

• Customer Risk Analysis: Analyze the bank’s customer demographics, behaviors, and transaction patterns to identify high-risk customers and sectors.
• Products and Services Review: Evaluate the bank’s product and service offerings to identify any that may pose financial crime risks.
• Data Analysis: Collect, analyze, and interpret customer and product data to assess risk levels.
• Risk Reporting: Document findings and provide key insights into the bank’s risk exposure related to customers and products.
• Collaboration: Work closely with the other analysts to ensure a cohesive risk assessment across all areas of focus.

• Geographical Risk Evaluation: Analyze the inherent risks associated with the bank’s operational regions, including factors like political stability, economic conditions, and historical financial crime trends.
• International Transactions Assessment: Review and evaluate risks associated with cross-border transactions, both outgoing and incoming.
• Country-Specific Risk: Assess risks specific to the countries in which the bank operates, considering regulatory environments, political instability, and financial crime risks.
• Reporting: Provide detailed insights into geographical and international transaction risks, offering recommendations for mitigating these risks.

• Control Assessment: Evaluate the bank’s existing internal controls to assess their effectiveness in mitigating identified financial crime risks.
• Residual Risk Evaluation: After assessing current controls, identify residual risks that may remain and provide recommendations for improving risk management.
• Control Effectiveness: Examine and evaluate the performance of existing controls in addressing financial crime risks.
• Risk Reporting: Generate detailed reports on control effectiveness and residual risks, offering actionable insights to improve risk mitigation strategies.

• Customer Base and Product Risk Assessment: Identification of high-risk customer segments and products/services.
• Geographical Risk Evaluation: Comprehensive assessment of the geographical regions the bank operates in and the associated risks.
• International Transactions Risk Assessment: Evaluation of risks in cross-border transactions, including potential risks in global operations.
• Control and Residual Risk Evaluation: A thorough review of internal controls and residual risks, providing suggestions for risk mitigation and process improvements.
• Findings and Recommendations: Final report summarizing key findings, inherent risks, and strategic recommendations for improvement in risk management.

• Experience: 3+ years in risk analysis, AML compliance, financial crime prevention, or risk management within the banking or financial services industry.
• Skills: Strong analytical skills, with the ability to assess and interpret complex data related to financial crime risks. Proficiency in AML, KYC, CFT, and sanctions compliance is highly preferred.
• Certifications: Certifications such as CAMS, CRISC, or CISA are a plus.
• Education: Degree in Finance, Risk Management, Business Administration, or related field.