What are the responsibilities and job description for the Risk Manager position at Ameriprise Financial?
Provide operational and/or financial risk management support to the first line of defense through critical risk assessment and providing consultative support for control design and development. The Risk Manager will work the first line of defense, including product, operations and functional areas to develop solutions that maintain operational excellence along with best in class regulatory and supervisory controls. Lead process and statistical analysis that drives key insight into risk metrics. Serve as escalation point of contact/ risk liaison to ensure appropriate information exchange and to drive forward risk reducing recommendations and actions. Develop and prepare materials that provide leaders with insights and recommendations for mitigating risk.
- Facilitate alignment, resolve escalated issues and provide a point of contact for business and external senior leaders for assigned product lines. Identify opportunities and recommend solutions to mitigate current and future business risk. Provide expertise to other areas for enhancement and implementation of Self-Monitoring plans.
- Ensure regulatory and supervisory controls are in place for products and processes by acting as a point of contact for internal, external business partners. Direct and guide initiatives by validating applicable regulatory rules by enhancing processes or documentation as necessary. Lead operational and regulatory reviews.
- Review and/or enhance reports illustrating risk parameters and metrics associated with business lines.
- Develop and enhance risk measurement policies, procedures and metrics. Enhance risk reporting with
- new ideas gathered from research, best practices, and knowledge. Initiate and/or conduct Risk Assessments across business.
- Bachelors degree or equivalent
- 5-7 years relevant experience
- Strong analytical, organizational, and time management skills.
- Demonstrated people leadership experience, either through direct or indirect leadership or
- coaching/mentoring roles.
- Ability to drive results and meet deadlines to reduce risks.
- Strong written and verbal communication skills.
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